Year: 2011
Type: conference-paper
Abstract: This study aims to evaluate the ways in which business coaching enhances entrepreneurs' confidence and ultimately firm growth. Participants are 200 entrepreneurs, forming two cohorts of small-to-medium enterprises from different industries on fast-growth trajectories. Confirmatory factor analytic techniques establish clear links between business coaching elements (coaches' style, session focus, result, satisfaction), entrepreneurial level of confidence (locus-of-control, self-efficacy), and firm growth. Structural equation modeling suggests that business coaching is a non-direct influencer of entrepreneurial self-efficacy on firm growth. With the establishment of a Business Coaching Model, important implications are demonstrated for firms querying business coaching return-on-investment. This investigation provides solid evidence-based outcomes, adding substantially to empirical literature on business coaching.
Language: English
Topic: Coaching Methods and Impact
Subfield: Applied Psychology
Field: Psychology
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W139089750