Thursday, June 03, 2010
Peer Group counseling or practitioner coaching improves performance
Vistage recently looked at growth rates for member companies and found that over 2005 to 2009, growth averaged +5.8% vs. an average decline for D&B companies of 9.2%. This kind of relative performance is true for any company or individual who asks for and receives advice. Whether the advice is through peer counseling as in Vistage or YPO, or individual coaching from a practitioner, who has "been there, done it," the results are better than if someone tries to go it alone. Yet, many people resist seeking advice. Perhaps they see it as a sign of weakness, or perhaps they do not realize how valuable another perspective can be.