Executive Coaching – Luxury or Business Necessity?

“Everyone needs a coach.” – Eric Schmidt, the CEO of Google

As a child growing up in the 1950s and 1960s, I recall sitting around the family dinner table, enjoying tortillas, frijoles (e.g., beans), and other traditional Mexican dishes that my mother would prepare daily. My father, a factory worker at General Motors, made sure we all ate dinner at the same time. Every day! No exceptions!

The topic of conversation usually revolved around the family and went something like this: “Did you hear the latest about tío (uncle) Pepe’s kids?” “How’s school?” “Mama, can I spend the night at Grandma’s house?” If my father talked about work, which was rare, it was about some dumb thing his foreman had done that day.

The setting was similar at the homes of my Latino friends. The same food and conversation, but with their own tio Pepe and dumb foreman stories!

I recall the dinner conversations at my friend Tom’s house. Tom’s father was what you would call a “white collar” worker, a “professional.” In fact, he was the president of a local manufacturing company.

The conversations at Tom’s house revolved around the family, not as much as our dinner conversations, but they also included the latest office developments. I recall hearing about Tom’s father’s approach to his last business negotiation, the mistakes he made, and how he successfully made a key point in his presentation to the board of directors. In retrospect, Tom’s father was teaching Tom valuable corporate survival skills and offering career success tips.

It certainly was different from what we talked about at my house! It was interesting. However, I didn’t pay too much attention. The food was less interesting. No tortillas, no beans, and no flavor!

Fast forward to 1979. After spending 9 years pursuing an engineering degree (that’s a story in itself!) I found myself working for a Fortune 500 company in Chicago as a Civil Engineer. Immediately, I felt that I should have paid better attention to a lot of the things Tom’s father talked about at their dinner table!

My degree prepared me well for the technical challenges I faced as an engineer, but it did not adequately prepare me for the corporate culture I encountered. I struggled with office politics, including influencing people I had no direct control over, getting my ideas heard, and dealing with a demanding boss, among other challenges.

The 2024 Corporate Inclusion Index from the Washington-based Hispanic Association on Corporate Responsibility (HACR) reports that Latinos now hold approximately 8 percent of board seats—an increase from previous years, yet still disproportionately low given the size of the U.S. Latino population. Of those board seats, Latinas remain significantly underrepresented. Hispanic representation in executive roles has grown modestly to about 5 percent, with Latinas comprising roughly 2 percent. Despite this incremental progress, HACR continues to express concern over the slow pace of advancement, particularly for Latinas in senior leadership, highlighting persistent barriers to equitable inclusion in corporate America.

What this means to me is that the dinner conversation in Latino households has not changed much since the 1950s & ’60s!

Don’t get me wrong. The information and knowledge we receive from our parents are immeasurably valuable. I thank God for my parents’ insights and common-sense approach to life, which I still use to this day. However, I did not receive any advice on how to navigate the corporate world and emerge unscathed.

Ask any successful person, and they will tell you that a key factor of business and personal success is knowledge and information. Knowledge and information are not only obtained through a formal education but also through experience and, in the case of my friend Tom, through casual dinner conversations.

Two things I did to close this ‘dinner’ gap conversation were to get a mentor and hire a business coach. I suggest you do both. Why? In today’s economy, hiring a coach is no longer a luxury.

As the global economy continues to evolve, coaching has become increasingly recognized as essential for advancing careers, earning more, and enhancing leadership and relationships.

According to recent findings from The Hay Group, over 50 percent of Fortune 500 companies now employ executive coaches, and around 60 percent extend coaching services to their mid- and senior-level managers. This marks a notable increase from previous estimates and underscores the growing acceptance of coaching as a strategic investment in talent development.

Coaching and mentoring differ in nature. In coaching, ‘transformation’ is the key objective. The coaching lasts for as long as is needed, depending on the purpose of the coaching relationship. The primary goal of hiring a business coach is to transform your dreams into tangible projects. Think of your coach as your project manager.

Mentoring, on the other hand, is more relationship-oriented and, to be successful, requires a significant amount of time and effort. You need time for you and your mentor to learn about one another and build a climate of trust. You need trust so you can feel secure in sharing the ‘life’ issues that are impacting your success. Successful mentoring relationships can last a lifetime, as mine has.

Although specific learning goals or competencies may be used as a basis for seeking a mentor, its focus extends beyond these areas to include aspects such as work-life balance, self-confidence, self-perception, and how your personal life influences your professional career.

Hiring a coach and finding a mentor enabled me to advance my corporate career and gave me the confidence to leave corporate America 26 years ago and start my own consulting firm.

Make hiring a coach and seeking a mentor an essential part of your professional and personal development, and your dinner table conversation may resemble one I had recently.

Father (me): “Mija, how did your presentation to the board of directors go?”

Daughter: “Just fine. I was nervous at first, but then I remembered what you told me. You said, ‘Mija, if people look serious during a presentation, it’s not because they’re mad – or anything like that – it’s because they’re listening intently to what you are saying – you have their attention.’ So, when I saw the serious look on their faces, I knew they were listening to every word I said. I was right! They accepted my proposal!”

Father: “Excellent! Let’s call your grandmother and tell her the good news! By the way, did you hear the latest about Tío Pepe’s kids?

If you’re serious about your professional career and want to achieve extraordinary success, please click here to set up a complimentary 30-minute coaching session with Gabriel Najera.

Gabriel Najera

Gabriel Najera

About the Author:
Gabriel Najera is the president & founder of the Najera Consulting Group. Gabriel is a frequent speaker to organizations. He is a highly sought-after advisor to nonprofit and corporate executives looking to develop a strategic thinking mindset.

Gabriel is the author of the forthcoming book, Harvesting Wisdom. Gabriel is available to speak to your organization. To inquire about scheduling Gabriel for an upcoming speaking engagement or to inquire about our consulting services, please click on this link.

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