Mentoring in Business
A relationship between two executives, in which the “mentor”, advises the “mentee”, in certain significant assignments that the mentee needs to perform. The mentor is usually a broader, longer, not necessarily but often older, very successful business executive, that through his/her vast knowledge and experience, while pursuing his/her excellent track record, can recall that precious know-how and confide it with the mentee, if and when the case might be, in the interests of the mentee and upon the rise of issues that need resolving.
Good chemistry between the two parties is a clear “must”, as well as full trust and confidentiality.
Mentoring is not coaching, that’s why it is a relationship and not a service, i.e. training, that is provided.
Although the objective of mentoring is to assist the mentee to perform his/her assigned role, by having a more knowledgeable & experienced executive to offer advice towards his/her success, the mentor also benefits from this relationship, as he/she gets to know the mentee’s business insights and adding this to his/her already long list of deep business knowledge and experience.
Mentoring can result to a good personal friendship, in addition to business exposure and networking.