Business and Money Tips

People in Singapore are willing to spend $3,000 to attend a 2-days course but unwilling to invest $300 for a 2-hour coaching session. Is coaching really just a MNC thing and local companies consider coaching as a waste of money?  In reality, people know the value of coaching, they just have not found the right coach... Common Questions and Answers on Coaching: 1.  What is the difference between coaching and mentoring ? To me, ignoring academic definitions, I go for the practical approach. Coaching and mentoring are the same except that the mentor is a person that is more senior, more knowledgeable and more experienced than the mentee. But a coach can know less than a coachee and still coach him. This is because coaching is not about teaching people what they don't know but digging out what they know and getting them to take action on what they know. For example, we all know about the benefits of regular exercise. So we don't need a coach to tell us why exer...

Whether you are leading a group of companies or a team of people, you know that you the manager and leader play a big role in your organization's success.  Unfortunately most managers and leaders are promoted based on their technical skills and they seldom attend any training on leadership and management.  We know that when the manager does not do the right things the following things happen: Staff are not working at the level as they should be. Targets get missed and the manager has to end up doing all the work to ensure that targets are hit Staff turnover is low, but the people that resigned are usually the high performers and it is almost impossible to replace such talented employees.   New people hired are often way below the staff that left Working environment becomes more control centric and everyone becomes risk averse. They make no mistake but also no progress Customers are complaining that the level of service is below that of the past, and this is pr...