Coaching is used when there is a well-defined goal that is based on improving skills and performance.
Mentoring is valuable for career development, providing general guidance, setting and achieving goals, making decisions or facilitating problem solving.
Coaching is about performance, mentoring is personal. So while it is appropriate and desirable for a person's immediate supervisor to coach them, a mentor is best not to be in the direct reporting line.
Mentoring is a gift that is shared. It is a relationship that enables purposeful conversation. The conversation assists the mentoree to reflect on their own experience, make informed decisions and act upon the ideas that are generated. The purpose of mentoring is development. It is about learning not teaching and both mentors and those mentored grow from the experience. In mentoring, people develop a synergetic relationship through a conversation that enables them to set and achieve goals, make decisions and solve problems. Any person who has the skill to facilitate the mentoring process may be a mentor. Mentoring is enriching and satisfying for both partners.
Assuming that you are a coach you presumably carry out your role based on your experience, knowledge, values, opinions and beliefs. This in itself is a philosophy and you likely do this unconsciously. The question is - do you actually know yourself well enough to understand what your core values and coaching methods are? A coaching philosophy that is well thought through clarifies many aspects of the coach's delivery and presents a consistent and positive message to the athletes being coached. One of the strongest benefits arising from a consistent and sincere approach to coaching is trust. A strong bond between coach and athlete leads to higher levels of commitment and athletic performance. With that in mind, it is the wise coach that takes the time to think through and formalize his or her personal coaching philosophy.
which you prefer for mentor or coach?
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