The main purpose of executive development is to develop leaders within the deserving people and prepare them for future organizational roles; while maintaining their current level of day-to-day responsibilities. The mentor provides the additional push which is required to enable an employee to attain better and quicker results and walk up the corporate ladder as quickly and efficiently as possible. The most crucial part of this type of life development is the feedback. As the employee begins to grow in the organization, the importance of feedback increases.
The feedback which is provided by the company is far too irregular and insufficient to help the employee recognize his/her strengths and weak points. Executive development is the perfect solution for this situation. The coach is independent to the organization and his inputs to the employees about the ways in which they can meet their personal, as well as organizational goals, by sharpening their skills and overcoming all the current and potential hurdles, can be very useful in improving their productivity.