Executive coaching is the hot new trend as companies try to maximize the performance of their management teams. Check out this article on coaching from Fortune and consider whether coaching is right for you or for someone on your team.

Once seen as a last-chance effort to turn around flagging careers, coaches for top talent are going mainstream. They’re being brought in for newly hired senior executives, as well as for newly promoted department heads who suddenly must manage many more people. “Leadership coaching is the hottest thing these days,” says Kate Wendleton, president of the Five O’Clock Club, which has turned some of its outplacement and career coaches into executive coaches because demand has been so strong.

According to a July 2011 American Management Association survey, almost half of participating companies use coaching to prepare individuals for a promotion or new role. While half of companies provide coaches to midlevel or senior staff only, 38% make them available to anyone. Coaching’s three most common uses, according to the AMA survey: leadership development, remedial performance improvement, and optimizing strong contributors. “A coach is like a personal trainer for business,” says Erika Andersen, author of Being Strategic and coach to many media executives.

Coaches can run $200 per hour or more, and work can be done face-to-face, on the phone or both.

Many sports fans fantasize about have a job in the sports industry, whether as a sports agent, a general manager of a sports team or as a sportswriter. Fortune recently ran a profile of Steve Greenberg, the king of the sports deal. He’s one of the most powerful man in the sports business, and his story can be helpful to anyone who wants to learn more about this business and possibly find a career there.

Of course, few people have the connections or education this guy had, but we’re not talking about replicating his incredible career. It’s about learning things about the business you want to be in, and then figuring out if there’s a place for you!