A 2010 study from Wayne State University evaluated the effectiveness of ADHD coaching on 110 students with ADHD.The research team concluded that the coaching "was highly effective in helping students improve executive functioning and related skills as measured by the Learning and Study Strategies Inventory (LASSI)." Business coaching is a type of human resource development for business leaders.A financial coach, also called money coach, typically focuses on helping clients to restructure and reduce debt, reduce spending, develop saving habits, and develop financial discipline.In contrast, the term financial adviser refers to a wider range of professionals who typically provide clients with financial products and services. Occasionally, coaching may mean an informal relationship between two people, of whom one has more experience and expertise than the other and offers advice and guidance as the latter learns; but coaching differs from mentoring in focusing on specific tasks or objectives, as opposed to more general goals or overall development.
These include career transition, interpersonal and professional communication, performance management, organizational effectiveness, managing career and personal changes, developing executive presence, enhancing strategic thinking, dealing effectively with conflict, and building an effective team within an organization.In some countries, there is no certification or licensing required to be a business or executive coach, and membership of a coaching organization is optional.Further, standards and methods of training coaches can vary widely between coaching organizations.Many organizations expect their senior leaders and middle managers to coach their team members to reach higher levels of performance, increased job satisfaction, personal growth, and career development.
Research studies suggest that executive coaching has a positive impact on workplace performance.
It provides positive support, feedback and advice on an individual or group basis to improve personal effectiveness in the business setting.