COOs are a CEO’s secret weapon. They act as second-in-commands, supporting the CEO in a variety of ways, whether it be as a mentor, partner, or executor. COOs are useful, but are also under-supported and under-represented. For example, there are four CEOs to every one COO. This means that 75% of CEOs have to make do without a COO.
While COOs are making a resurgence, having risen up to 16% between 2018 and 2022, they still face challenges. COOs often lack guidance and clarity in their roles. They have to deal with immense pressure, employee turnover, integrating new acquisitions, and more. These challenges often prevent COOs from focusing their attention on long-term plans.
In order to address these modern challenges, modern solutions are necessary such as COO Coaching. Luckily, there are several options to empower COOs and boost their efficiency. One example is coaching. Coaching has the ability to increase individual performance by 70%, making it an effective way to train COOs.
Through the use of modern tools, COOs can gain the skills they need to effectively support CEOs. In doing so, they can propel their company to success.
Infographic Source: https://www.dianeintegrates.com/post/coo-second-in-command-coaching