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Effective Executive Magazine:
Mentoring And Coaching : Tools Used by Organizations to Develop Human Capital
 
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Coaching and mentoring are tools used by organizations in the development of Human Capital. While the concept of mentoring originated few thousands of years ago, coaching is a relatively newer concept. While mentoring focuses on the overall development of a person, coaching focuses on task related performance enhancements. With the advancement in the body of knowledge, need for research has increased. This article discusses the concepts of mentoring and coaching, their similarities, differences and the likely impact in the development of human capital.

 
 
 

During the last two decades, Mentoring has been acknowledged as one of the important developmental processes of human resource across the length and breadth of corporate world. All successful individuals have pointed out how mentoring has helped them shape their professional as well as personal lives, (Stone pp.155; 2007).

In this period 200 published articles were reviewed on mentoring by Allen et.al. (2004,2007). The review focuses on measurement of mentoring, types of mentoring, country specific understanding of mentoring or the impact of culture on mentoring. The word mentor originated thousands of years ago. The discourse given by Lord Krishna to his disciple A0.

Another term that is very commonly used, almost in the same breath, is the word "coaching". The International Coach Federation has laid down ethical standards of coaching. It offers a process of building the profession of coaching that is independent of any school of thought. "The Economics of Executive Coaching," Harvard Business School Journal, 2002, estimated that there were at least 10,000 coaches working in business at that time.

Coaching has received much attention in recent years with companies hiring professional coaches. A study (cited in Stone 2007; pp 11 and 155-156) of human resource professionals found that 90% of US companies offered some form of coaching to top executives for the purpose of leadership development and/or ensuring success after promotions or hire. Other benefits of coaching are improved teamwork, improved relationships with peers and reduced conflicts.

 
 
 

Effective Executive Magazine, Mentoring And Coaching, Developmental Processes, International Coach Federation, Skill Acquisitions, Leadership Development, Human Resource Professionals, Corporate Culture, Organizational Hierarchy, Organizational Culture, People Management, Performance Evaluation Process, Human Capital Management.