Mentoring in the Business Environment

MENTORING IN THE BUSINESS ENVIORNMENT

Shaun Brown

Marketing

ABSTRACT

Mentorship entails the development between more experienced individuals and less experienced partners. Newcomers to organizations are paired with experienced people in order to obtain information, good examples, and advice as they advance. The purpose of this study is to examine the importance of mentoring in the business environment and how beneficial it is rather than attempting to excel in a particular field independently.

INTRODUCTION:

Mentorship refers to a developmental relationship between a more experienced individual and a less experienced partner referred to as a protégé, or a person guided and protected by a more prominent person.

There are two types of mentoring relationships: formal and informal. Informal relationships develop on their own between partners. Formal mentoring, on the other hand, refers to assigned relationships, often associated with organizational mentoring programs designed to promote employee development.

In well-designed formal mentoring programs, there are program goals, schedules, training for both mentors and mentees, and evaluation. Mentors inspire their aspiring businesspeople to follow their dreams and help them strategize along the way. There are many kinds of mentoring relationships from school, or community-based relationships to e-mentoring relationships.

For example, in some programs, newcomers to the organization are paired with more experienced people, mentors, in order to obtain information through good examples, and advice as they advance. It is considered that new employees who are paired with a mentor are twice more likely to remain in their job than those who do not get mentorship.

In other cases, mentoring is used to groom up-and-coming employees deemed to have the potential to move up into leadership roles. Here the employee (protégé) is paired with a senior level leader (or leaders) for a series of career-coaching...