Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Scope for greater use of business coaches in New Zealand

Scope for greater use of business coaches in New Zealand

New Zealand business owners and senior management are among the heaviest users of business coaches in the world but there is still scope for greater involvement, according to Pam Newlove, Chair of Grant Thornton New Zealand Limited.

The latest Grant Thornton International Business Report survey of 45 countries has ranked New Zealand in sixth position, with 56% of those surveyed reporting they have used a business coach. A further breakdown revealed that 34% were currently using a coach and 22% had in the past.

“It can be pretty lonely running a business and a business coach provides an opportunity to talk with someone from outside the business in a non-threatening way,” said Newlove.

“They add value because they are impartial and it’s then up to the owner or senior management to consider the input from the coach and adopt or dismiss the advice they’ve been given. The recent recession is likely to have increased the need for coaching as well, as when tough decisions need to be made, the benefits of an external sounding board are even greater.”

The Philippines leads the world with 90% of business owners using or having used coaches followed by Taiwan (71%), Armenia (70%), Malaysia (66%), Botswana (62%) and Singapore alongside New Zealand on 56%.

“In many ways, New Zealand is trending towards the emerging economies in their use of coaches. As well as the countries above us in the survey, Chile, India, Russia and Brazil are also strong in the use of business coaches.

“Businesses in the emerging economies tend to have fewer regulations in some areas compared with those in mature economies like the United States, which gives business owners and coaches a greater opportunity to be innovative and different.

“New Zealand also has its own somewhat unique challenges in our isolation, reliance on primary industries and limited access to technology compared with advanced countries. Countering that is our ‘can do’ attitude and the ability to visualize the benefits of success.

“Our younger business owners tend to be pragmatic and are always looking to find a win-win solution, rather than trying to trump another company or person. Impartial coaches can have a positive impact on these situations as they do not have a personal agenda that can stymie a sensible outcome.”

Newlove said that coaching should not be confused with mentoring, which tends to have an internal focus and is undertaken by a senior staff member, who’s unlikely to have the same impartiality as an outsider. It can be easy for a mentor to slip into bullying behaviors because of their seniority, and other personal agendas that may be at play, such as role insecurities.

“A good coach will guide a business owner – not try to bully them.

“It’s worth investing time in finding a well suited, experienced coach, as just like in any sports team, a good coach is a game breaker,” she said.

- ends -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Trade: NZ Trade Deficit Widens To A Record In September

Oct. 27 (BusinessDesk) - New Zealand's monthly trade deficit widened to a record in September as meat exports dropped to their lowest level in more than three years. More>>


Animal Welfare: Cruel Practices Condemned By DairyNZ Chief

DairyNZ chief executive Tim Mackle says cruel and illegal practices are not in any way condoned or accepted by the industry as part of dairy farming.

Tim says the video released today by Farmwatch shows some footage of transport companies and their workers, as well as some unacceptable behaviour by farmers of dragging calves. More>>


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


International Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news