Description
In this episode, Michelle Redfern is joined by Susan Colantuono, founder of Be Business Savvy and co-founder of the Lead to Soar Network, to discuss the transformative coaching approaches needed to support women’s advancement into senior leadership. This conversation focuses on how managers, mentors, and coaches can go beyond traditional coaching frameworks to build their own business acumen—and effectively coach women on these skills. By developing these critical coaching capabilities, we can bridge the leadership gender gap and elevate women leaders to new heights.
Key Topics Discussed:
• Transformative Coaching for Women Leaders: Michelle and Susan explore why standard coaching methods, often centered on Emotional Intelligence (EQ), fall short in preparing women for executive roles. They emphasize the need to integrate Business Intelligence (BQ) into coaching strategies, equipping women with essential business, financial, and strategic skills.
• The Missing Thirty-Three Percent: Susan shares her concept of the Missing Thirty-Three Percent—the skills gap in business, financial, and strategic acumen that women often face. This gap, left unaddressed, limits women’s advancement to senior positions. She urges coaches and mentors to prioritize building BQ to help women become recognized as invaluable business partners.
• Practical Coaching Approaches to BQ: Susan and Michelle outline actionable coaching techniques that managers, mentors, and coaches can adopt to help women develop and showcase business acumen. They discuss the value of guiding women to interpret financial metrics, contribute to strategic initiatives, and effectively communicate business outcomes to senior leaders.
• Gender Dynamics and Coaching: Susan offers insights on how gender biases in coaching can reinforce stereotypes, such as focusing on women’s confidence and work-life balance over business skills. By recognizing these dynamics, coaches can shift their approach to empower women with the skills that truly drive career advancement.
Actionable Insights:
1. For Coaches and Mentors: Build your own BQ skills to coach women effectively on business, financial, and strategic acumen. Make it a priority to help women develop the skills and language needed to be recognized as strategic partners within the organization.
2. For Managers and Leaders: Transform coaching by focusing on how women’s roles contribute to business results. Encourage them to engage with business metrics, strategy discussions, and broader organizational goals to build their reputation as key business players.
3. For Women in Leadership: Seek out opportunities to develop your business savvy. Understand how your work impacts the organization’s strategic objectives, and learn to communicate these impacts in ways that demonstrate your value as a leader.
Resources Mentioned:
• No Ceiling, No Walls by Susan Colantuono
• Be Business Savvy: BeBusinessSavvy.com
• Michelle Redfern’s The Leadership Compass for insights on BQ and leadership success.
Final Thoughts:
Michelle and Susan call on all managers, mentors, and coaches to step up their coaching game by integrating business acumen development into their support of women leaders. By strengthening their own BQ skills, these supporters can play a pivotal role in closing the leadership gender gap and positioning women as invaluable partners in the business.
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