Dec 17, 201211:25 AMMind Your Business
with Corey Chambas
(page 1 of 2)
No, this isn’t a story about highly paid coaches or Bret Bielema. It’s about a guy named Joe Moglia, who was hired this past year to coach Coastal Carolina’s football team. In his first year, he led the team to a share of the Big South Conference title. What is interesting about this is that in the last few years, he only had one paid coaching job. He’s been in the business world since 1984, and from 2001-8 was the CEO of TD Ameritrade and led the company as its market cap increased from $700 million to $9 billion.
Is this a fluke? I don’t think so. Managing and coaching call for many similar skills.
First I want to make a distinction between coaching and teaching. Coaching is similar to teaching in that you instruct and motivate. But coaching also includes directing and organizing a group’s activities as part of a strategy and being held accountable for the group’s success. If a student fails to learn, the teacher typically isn’t blamed (case in point, my guitar instructor David had no responsibility for my failed attempt to learn to play – that was a student/talent issue). But in a group activity, it’s the coach who is held accountable if the team does not succeed. In big-time sports, if the team fails, you fire the coach. In business, gulp, it could be the CEO.
And coaching isn’t just limited to football or even sports; it’s really any group activity that involves individual development and team accountability.