Executive coaching is about training the senior level officials about the skills they need to be able to make better decisions and workable strategies. Since the seniors are the ones who are responsible to hold the reins of the company and steer it towards success, they need to be well educated and the best ones in the company. Since most business owners do not have the right educational background but have managed to get their company to the higher level where they can employ teams of educated people, they need to upgrade their education level to be able to work in collaboration with their employees.
Working in collaboration does not mean that the employers would need to work with their employees directly. It means that they are able to understand what the employees are saying or asking with the need for an assistant who would break the demands in simple language. In most cases, due to the harsh behavior of the employers, most of the hardworking and sincere employees start leaving with a heavy heart. This causes a great problem to company in the long run because although you need people to work for its benefit, having sincere people makes it possible to rise to the much higher positions in no time at all.
Taking executive coaching is not a shameful thing to do. Most of the biggest and famous business tycoons have admitted to take the coaching in their early days and even today a coach regularly visits them. This clearly shows that a person needs to be polished after some time no matter on which position he is. With the money and too many successes under his belt, a person can somewhat lose focus and may start doing some things that would result in a huge loss and then there might be no way to recover it.