First 90 Days Acceleration Coaching Methodology Tackles 40 Percent New Executive Failure Rate
January 18, 2006 - Lore International Institute, in partnership
with the world's leading authority on leadership transitions - Dr. Michael D. Watkins -
announces a new coaching service based on Watkins's international best-seller,
"The First 90 Days: Critical Success Strategies for New Leaders at All Levels."
This new coaching service will dramatically increase the success rate of newly placed
or promoted executives by combining a proven transition management methodology with an
elite group of coaches and world-class executive coaching techniques.
Lore and Dr. Watkins have created this new coaching service - First
90 Days Acceleration Coaching - to give organizations a coaching tool that will eliminate
unnecessary failures that result from newly appointed leaders being left to "sink or swim"
through a critical transition period. The one-on-one coaching is based on Lore's formal,
sustainable four-step process which systematizes how coaches should adapt their style to
the preference of their coachees. Leaders in transition will be matched with one of
Lore's 230 coaches certified in both Lore's Adaptive Coaching methodology and Dr.
Watkins's First 90 Days transitions methodology.
"We're thrilled to have the opportunity to work with Dr. Watkins to
develop his ideas into this new set of tools for executive coaching," said Dr.
Terry Bacon, President and CEO of Lore. "Our seasoned coaches will help newly
transitioned leaders avoid costly failures by guiding them through the first six months
of their transition, including the creation of a personal business plan."
Research has shown that two out of every five new executives that join
from outside a company fail within 18 months - at considerable cost to the companies that
hired them. Executives at one Fortune 50 company reported that they performed 40 percent
better during their transition as a direct result of transition coaching. "The decisions
that a transitioning executive makes in the first few months on the job determine their
success or failure," said Dr. Watkins. "However, few executives receive the support they
need during this critical time."
"We are pleased that we will be able to offer this exclusive coaching
service. Our clients, like most organizations today, are facing the retirement of the
baby boomer generation, a significant number of whom comprise key executive leadership
positions," said Dr. Nancy Atwood, Senior Vice President of Coaching, Consulting, and
Assessment at Lore. "Acceleration Coaching will help our clients turn transitions into organizational strength, rather than a liability."
About Lore International Institute
Lore International Institute is a global executive development firm, serving the international business community. Since 1989, Lore has been providing clients with a variety of scalable and progressive solutions, and is able to offer an end-to-end solution that includes assessment, organizational consulting, executive education, and executive coaching. For additional information about Lore, contact Jennifer Kwiatkowski, Marketing Manager, at 800.866.5548.
www.LoreNet.com
About Michael Watkins
Dr. Michael D. Watkins is the leading expert on accelerating leadership transitions, and the author of the
international business best-seller, "The First 90 Days: Critical Success Strategies for
New Leaders at All Levels." Watkins is the founder of Genesis Advisers, a leadership strategy consultancy, and a professor at INSEAD. He is co-author of "Right from the Start: Taking Charge in a New Leadership Role," and content expert for Leadership Transitions, Harvard Business School Publishing's award-winning e-learning system.
The First 90 Days: Critical Success Strategies for New Leaders at All Levels
by Michael Watkins
Whether challenged with taking on a startup, turning a business around, or inheriting a high-performing unit, a new leader's success or failure is determined within the first 90 days on the job. In this hands-on guide, Michael Watkins, a noted expert on leadership transitions, offers proven strategies for moving successfully into a new role at any point in one's career. The First 90 Days provides a framework for transition acceleration that will help leaders diagnose their situations, craft winning transition strategies, and take charge quickly.
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