Mentoring occurs at almost every level in every organization but often subsides at the C-Suite level. Why is that? Have we suddenly stopped needing support, encouragement, and guidance from industry leaders? The answer, of course, is no. In fact, we'd say mentoring is crucial at this stage for many reasons.
Technological advances top the list as a key reason finding a mentor benefits senior-level executives. According to a survey by
Gartner, 47% of CEOs across 15 industries felt challenged by changes in digital business. In this area, having an experienced mentor would serve them well in both skill acquisition and support.
But technology isn't the only reason to foster a solid partner relationship. Here are a few more reasons having the right mentor to guide you is more important than you might think.
Avoiding a Plateau- At this level in your career, you've likely had a mentor yourself at some point. Their insight, guidance, and support have served as an asset to your career. But what happens when you reach the top? The need for mentoring doesn't cease.
CEOs continually need to be on top of their game and are often challenged with decisions they previously had not faced. A strong role model experienced in these situations provides the proper advice needed to tackle new dilemmas.
Gaining New Perspective- When handling multi-faceted business propositions, it helps to have more than one point of view in the process. Having a credible mentor with a proven track record allows for genuine, unbiased advice about your role in the corporation.
Sometimes mentors are found within your company, and other times it helps to get an outside perspective. Either way, this person can provide invaluable insight to strengthen your C-Suite performance.
Camaraderie- Let's face it. It's a little lonely at the top, which is why it helps to have trustworthy, accountable people in your corner. Fostering a strong relationship with your mentor gives the morale boost needed to get through grueling workdays while handling the many challenges of a senior position.
Changing Markets- Markets continue evolving. If you don't seek advice on change and growth, you risk falling behind competitors. Having a trusted confidant to evaluate your leadership and decision-making will only strengthen your role in the corporation.
We also know all too well that CEOs can't be everywhere at all times, as much as we'd like to try. Gaining an additional perspective on industry advancements and changes will only help you to be a better team player, keeping you in the loop on news and insights sometimes missed.
Mentor leadership is a necessary relationship worth fostering at the C-Suite level. Its benefits can be transformational for both parties and promote engagement, growth, and support in a critical corporate role.