How Training Promotes Excellence
The success of a company is built around strong leadership. The CEO sets the tone and the COO has their back, often dubbed a company’s “secret weapon”. While nearly 40% of all major companies have a COO, many are fulfilling that position without adequate training. So what happens to a company built on a flimsy structure? Revenue loss.
Not investing in the training of a COO or other leadership position may result in the company losing 20% to 30% of revenues each year due to inefficiencies. These inefficiencies are largely due to a COO’s negligence with time allocation. Too much time spent on trivial tasks promotes a loss of time meant for strategic planning and decision-making.
Fortunately, there is a way to combat this before it becomes a burden to the company. Providing curated training programs such as Catapult Ai ensures that the skills a COO needs to perform at a high level are met. COO coaching programs have not only had an effect on the trainee but on the entire company. Organizational performance has been proven to increase by 48%, team performance by 50%, and individual performance by 70%. Business goals are met at a faster rate and growth projections increase by nearly 20%. The company is able to stay more aligned and focused on goals and deadlines, promoting structured development.
A company’s investment in training a COO lays the foundation for future success and provides endless growth opportunities.
Source: Diane Integrates
