Unlock the Corporate Secret Weapon: The COO

COOs fill the important role of second-in-command to the CEO.  They step in when the CEO is struggling with burn-out or needs a specific skillset.  When engaging effectively with their role, COOs can make a big difference in a company’s efficiency and earnings. 

Unfortunately, many COOs do not have the proper training and skills to excel.  For starters, COOs often lack a standard job description.  This leads to a lack of clarity in the role.  Due to a lack of clarity, mounting pressure, and inadequate training, COOs often cannot allocate their time effectively, spending more attention and resources on employee and operational priorities than long-term planning. 

There are numerous other challenges for COOs as well, both externally and internally.   Externally, COOs face worker shortages, digital transformation initiatives, and supply chain disruptions.  Internally, they deal with chaotic work environments, unengaged teams, and losing top performers.

All of these challenges add up, leaving COOs in a tough position.  In order to properly tackle modern obstacles, COOs need modern solutions.  Supporting COOs with resources such as coaching and peer groups can go a long way in fostering success. 

For instance, coaching can increase an individual’s performance by 70% and result in a return  on investment of up to 788%.  Peer groups are also highly successful, increasing goal attainment by 95%. 

COOs can make a big impact on a company if they are provided with the right support.  Investing in solutions such as COO coaching and peer groups is extremely important in COO success.

Source: Diane Integrates