Franchising.com:

Business coaching, sometimes referred to as executive coaching, grew out of the 1980s when the need for training for executives that were moving up in companies became important. The coaches began as internal employees that not only taught executives how to become better managers but they helped them become more productive. Business coaching grew from their as companies began to downsize. There was still a need for coaches, but companies were beginning to outsource and the field of business coaching was born.

The process of using business coaching for executives and even other people in companies create great profits for businesses. Business coaching makes workers and executives more efficient and give them a greater sense of place in the company and self worth. Business coaching benefits business by helping companies hire executives that are trained or are training to be the best executives with the best results and productivity of the workers below them. Read full article.