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Emotional Intelligence
Emotional Intelligence
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The Importance Of Emotional Intelligence In Today’s Business
EMOTIONAL INTELLIGENCE
Copyright © 2018
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Table of Contents
INTRODUCTION 4
WHY IS EQ IMPORTANT? 12
CONCLUSION 26
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Introduction
This same unique form of intelligence was identified as the critical factor
responsible for distinguishing the star performers from the
aforementioned test. The term “Emotional Intelligence” was later coined
as a fitting description for this form of intelligence and since then has
become a term recognized in households around the world.
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What is Emotional Intelligence (EQ)?
Some people are very good at managing their emotions while others have
a poor grasp of it. Being emotionally intelligent gives you the ability to
recognize your feelings, understand what they’re telling you, and raise
your awareness of how they affect people around you. It also constitutes
your perception of others and helps you understand how they feel,
enabling you to manage relationships more efficiently.
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Personality, on the other hand, is the prominent icing on the cake. We
could describe it as a person's style. It is comprised of the perceptions,
behaviors and emotional tendencies that each person develops based on
their biology and their environment. Personality is usually based on the
habits we have developed over time, and that has consequently shaped
our thinking and way of life. Also, just like IQ, personality cannot be used
to predict emotional intelligence. It is, for the most part, stable and
remains constant over a person's lifetime.
Not only are people with a high degree of emotional intelligence top
performers in their various fields of interest, but they also make more
money than their counterparts who have a lower degree of emotional
intelligence. Research studies show those with higher emotional
intelligence average $29,000 more per year across all career fields and
that a person’s earnings increase in direct proportion to their degree of
emotional intelligence.
Characteristics of EQ
You find that a lot of times, emotionally intelligent people go through life
much more easily than people who easily get angry or upset. They are
excellent decision makers, know when to trust their intuition, take
criticism well and know when to use it to improve their performance.
They also make others feel good wherever they go – when they send an
email, it gets answered, and when they ask for help, they receive the
needed assistance.
1. Self-Awareness
It has been discovered that people with high emotional intelligence have
a strong sense of self-awareness. They are fully aware of how they feel at
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any point in time and can control such feelings, never allowing it to rule
them.
They also display a high level of self-confident because they know what
they’re capable of and never let their emotions get out of control. They
trust their intuition and themselves to make wise decisions. Self-
awareness also means knowing your strengths and weaknesses, and this is
a basic knowledge that people with high emotional intelligence have.
Without self-awareness, emotional intelligence is unattainable.
2. Self-Regulation
This refers to the ability to control your emotions and impulses. A person
who is adept at self-regulating usually doesn’t allow himself/ herself to
become too mad or resentful to the point that they make impetuous and
thoughtless decisions. They know what to say and how to act in every
situation because they always let their thoughts guide their words and
actions. Self-regulation is comprised of equal parts of integrity,
adaptability, and appropriate boundaries.
3. Motivation
Emotionally intelligent people are typically extremely motivated. They
consistently take action towards well-thought-out goals and are content
to defer gratification to reach their big, long-term goals. It is a very
resourceful quality to have because motivated people are industrious,
risk-takers, and efficient at all things they attempt.
4. Empathy
Emotionally intelligent people are also tremendously empathetic. They
have an innate ability to identify and relate to the wants, needs, and
opinions of those around them. With this characteristic, they become
better equipped at relating to others, even those different from
themselves, managing relations, and listening. They also avoid, judging,
stereotyping, and blaming others, and they maintain a very honest, and
open lifestyle.
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5. Social Skills
Another powerful characteristic of high emotional intelligence is having
good social skills. Individuals with high emotional intelligence are team
players who don’t try to save all the glory for themselves. They are happy
to share their physical resources and time to help others, which makes
them ideally placed to communicate effectively and manage conflicts
that arise in their environment. Typically, those with high emotional
intelligence benefit from strong, meaningful relationships.
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Some of the abilities used to quantify those with a high IQ are:
• Identifying emotions
• Evaluating how others feel
• Controlling one’s own emotions
• Perceiving how others feel
• Using emotions to facilitate social communication
• Relating to others
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Why is EQ Important?
Life Balance
Those with a high EQ have a much more balanced life than those with
lower EQ. They have every aspect of their daily lives planned out, and
they have the ability to adapt to whatever situation they find themselves
in. Once they understand their present situation after entering into a new
environment, they immediately take control and restore normalcy.
Maintaining a balanced-life seems to be second nature to them.
Physical Health
Our level of EQ is also evident in our ability to take care of our bodies.
People with a high EQ are better able to manage their stress. And they
understand that eating a healthy diet and getting consistent exercise will
keep them fit and active so that they can reach their goals.
Mental Well-being
Another noteworthy importance of emotional intelligence is that it
positively affects our attitude and outlook on life. Those with high EQ
manage stress effectively because they are fully aware of their emotional
state. Our minds begin to react differently to stress. They suffer less from
anxiety and depression than those with a lower EQ.
Meaningful Relationships
People with a high level of emotional intelligence are adept at managing
their own emotions and understanding the emotions of others. They are
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able to communicate their feelings constructively and are committed to
understanding the emotions and desires of those they have a relationship
with. A high EQ helps build stronger and more fulfilling interpersonal
relationships because of the ability to appreciate the wants, feelings, and
responses of loved ones and respond to them appropriately.
Conflict Resolution
Emotional intelligence proves imperative during crises situations due to
the capability to discern other people’s emotions and see things from
different point of views. Those with high EQ find it much easier to resolve
conflicts or even avoid them before they happen. Once they understand
the challenging situation, they are able to use their significant
communication skills to negotiate what is best for the majority.
Higher Success
Improving one’s EQ creates stronger internal motivation, so success is
reached more quickly and easily. Self-confidence is boosted when EQ is
higher, which reduces the habit of procrastinating and increases focus on
a goal—all critical to achieving success. As your emotional intelligence
grows, so will your success rate because you will know to form strong
networks of support, overcome obstacles, and remain determined. You
will be content to work without immediate gratification so that you can
reach your long-term goals. With these forces in place, success will be
easier to reach in a shorter amount of time.
Leadership
Effective leaders have a high emotional intelligence. Just by observing,
you can tell which managers within a company have a high EQ. Without
it, they may attempt to lead, but no one is willing to follow. An effective
leader must be able to discern what motivates others, communicate
instructions, offer support and constructive criticism, and actively
participate in building strong bonds within the team. Leaders with high
levels of EQ can recognize what their team needs and offer positive
solutions while keeping productivity high. They are masters at leveraging
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the emotional diversity of each team member to the benefit of the entire
team.
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Why is EQ Important in Business?
Many managers and business owners wonder what the role emotional
intelligence plays in the marketplace. Because emotional intelligence is
at the center of human relations, it is vitally important in business. It
involves being sensitive to and perceptive of the emotions of others and
revolves around how people and relationships function in the workplace.
Workplace harmony and healthy workplace relationships are a
prerequisite for any business to succeed. Savvy managers and business
owners recognize this fact and work to improve the harmonious
environment and relationships within their company by hiring those with
high EQ.
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management by intimidation will have a hard time adapting to the
demands of today’s workers.
Business relations of today require a democratic approach as you are very
unlikely to be successful in the long term if you choose to adopt an
authoritarian style of management. An emotionally intelligent manager or
business owner knows that it is much more effective to approach a
supervisory role from a different perspective than authoritarian
managers.
Most thriving businesses today owe much of their success to their staff
not only because of their technical skills but mainly because of their high
level of emotional intelligence. Staff members who are emotionally
intelligent are efficient, motivated, productive, focused, and committed.
They are charismatic, happy, confident, and feel rewarded by their work.
It is easy to see why most businesses today look out for traits of high
emotional intelligence in the people that they hire.
Every organization wants to excel and achieve all its goals within the
shortest possible time. In order for it to do that, they need the right
people to work not only at the top echelons but also in every area of
their business operations.
Most businesses today hire candidates who possess strong and high levels
of emotional intelligence. Based on statistics by Talent Smart, 90% of high
performers at today’s workplace possess high EQ, while 80% of low
performers have a low EQ.
Self-regulation
Managers look for employees with a high EQ because they understand how
to regulate their own emotions and actions. They are able to restrain
themselves when experiencing negative emotions and reveal their
personal emotions only when appropriate. They have control over their
emotions rather than their emotions having control over them. Those
with high EQs pay attention not only to their words but also to the tone
of their voice and find the best time to converse with others.
Motivation
Managers know those with a high EQ are self-starters. Very little time is
needed to motivate and inspire those with a great deal of emotional
intelligence because they do it for themselves. They are driven by
internal ambition rather than by external factors. This means that they
are consistent with their motivation, and avoid having a lot of ups and
downs, as those with a lower EQ do.
Empathy
Those employees in high demand are those who are empathic towards
others. Even when they haven’t had the same experiences or when they
are radically different from the other person, those with a high EQ are
respectful and compassionate and easily convey that to those who need
it.
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People Skills
Understandably, every person has his or her unique qualities and abilities
that make them different from others. However, we all have the ability to
be emotionally intelligent, and that means having excellent leadership,
teamwork, management and partnership skills.
It is very important for managers and other business leaders to seek new
hires who have a high level of emotional intelligence for their
organizations. Workers who have a high level of EQ are better able to
work in teams, adapt easily to change, and are very flexible. In the same
vein, it is equally vital for managers and business leaders to operate in
emotionally intelligent ways in order to live up to the needs of the
today’s employees.
Savvy managers and business owners with high EQs recognize that the
expectations in the workplace have changed and they adapt accordingly.
For instance, the older generation started their careers at and retired
from the same companies. They spend decades in an organization while
advancing their careers and moving up the ladder.
In the past, a job was simply viewed as a vehicle for earning an income.
However, today’s workers expect more from their jobs than simply
earning a paycheck. This change was instigated by the younger generation
because they have observed that over the years, the traditional way of
doing things doesn’t necessarily guarantee job security or gaining
deserved benefits after you retire.
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Many workers of the younger generation have watched in distress as
loyal, older employees in their companies deal with layoffs and broken
promises from their workplace. Young workers are demanding more from
their jobs. Emotionally intelligent managers who recognize this need
among today’s workers and who invest accordingly in EQ fare much better
than those who neglect them. They also get to have more engaged,
committed employees.
Also, building and establishing a business is always easier and faster when
you have emotionally intelligent individuals as part of your team. The
effect of an emotionally intelligent team impacts every department in a
business, both internally – relationships between colleagues, managers,
and staff; and externally – relationships between the organization and its
customers, contractors, investors, competitors.
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How to Improve Your EQ
There are several ways by which we can improve our EQ. According to
professors David R. Caruso and Peter Salovey in their groundbreaking
research and publication, The Emotionally Intelligent Manager, four core
skills are necessary for developing emotional intelligence. They include:
Fortunately for us, unlike IQ which basically stays the same all through a
person’s lifetime, EQ can be learned and cultivated. Your EQ can evolve
and increase, but you have to do the work to see this positive change.
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Get To Know Your Feelings
We all have an inner critic who likes to take center stage. You may never
be able to quiet yours completely but improving your EQ will demand that
you begin to notice when it tends to whisper in your ear. When negative
self-talk takes over in your mind, it can be challenging to bring stop its
chatter. To begin silencing yours, start paying attention to the little voice
in your head. When does it start nagging you? What are the triggers that
get your inner critic on a roll of negativity? Once you start to notice the
patterns, you’ll be able to shut it down faster, until you rarely have to
deal with it at all.
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Be Mindful of Your Behavior
Besides becoming aware of your emotions, you also need to pay close
attention to your behavior if you truly want to be successful at improving
your EQ. Take note of how you act when you’re experiencing certain
emotions and how those actions affect your daily life. Is your behavior
negatively impacting your communication with others? A certain person?
Does it affect your productivity? Peace of mind?
If someone says or does something that upsets you and you immediately
flare up at them, you’re totally responsible for that. The person may be
responsible for triggering the feeling, but your reaction is solely your
responsibility, and you have to take full control of that.
How you feel at any point in time is also your responsibility. You can take
valuable cues from your feelings with respects to your needs and
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preferences as well as with the experience of others. The moment you
begin taking full responsibility for both your feelings and behavior, you
will notice a significant improvement in the quality of your life as well as
your emotional intelligence.
Practice Compassion
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questions relating to why you feel the way you do. Even simple actions
like taking a break when you need it will build more self-compassion. By
regularly monitoring your feelings and behavior as you experience them,
you will find it easier to be compassionate towards yourself. This will
naturally lead to becoming more kind to others as well.
People who spend some time to reflect on the positive things in their
lives are generally more resilient and motivated to do more. They are
also more likely to have fulfilling relationships – an invaluable resource
that helps them survive when adversity strikes. A positive environment
will also help in improving the quality of your life as well as the lives of
people that associate themselves with you.
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Conclusion
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6. Emotionally intelligent people are excellent decision makers. They
know when to trust their intuition, take criticism well, and know
when to use it to improve their performance.
7. Five fundamental elements help define emotional intelligence—self-
awareness, self-regulation, motivation, empathy, and social skills.
8. Emotional intelligence will benefit your work life, but will also be
helpful in your personal life. Those with a high EQ enjoy
meaningful, long-term relationships and overall happier life. So
don’t leave your EQ at the door when you head out of the office.
9. There are several reasons why EQ is considered to be very
important, and they are because it helps in the following areas:
balanced-life, physical health, mental well-being, relationships,
conflict resolution, success, and leadership.
10.Today's employers look for five major pillars when hiring new
employees; they are self-awareness, self-regulation, motivation,
empathy, and people skills.
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