While the term emotional intelligence (or EQ) is certainly not new, its application in the business world is a foundation of effective leadership. Daniel Goleman defines EQ as "the capacity for recognizing our own feelings and those of others, for motivating ourselves, and for managing emotions well in our ourselves and in our relationships." In other words, how able are you to gauge the needs, wants and even expectations of those you lead?
The five primary aspects of EQ are: self-perception, self-regulation, interpersonal, decision making, and empathy and compassion.
EQ is an essential skill for successful leaders. According to Monica Thakrar, it's your ability to communicate, engage and work effectively with people; in the same way that IQ is your ability to learn and understand new things, handle new situations or think abstractly.
Those who study and write about the differences between people with high EQ and high IQ find that high EQers come out on top. While academic intelligence and technical skills contribute much to one's skill set and success, those with more people skills may be more effective in the end because people relate to them better in all aspects of life, business and personal.
By knowing how you feel and why, how your behavior and reactions impact your stakeholders, and by making emotionally informed decisions and owning your reality, you can lead from a more authentic and compelling position.
Communication and relationship building are important tools. For instance, Monika advises leaders to notice how personal temperament sets the tone of a conversation, a meeting, a day, a company. This awareness, she asserts, will affirm that "moods are contagious," and is just the sort of thing that successful leaders pay careful attention to.
How well can you influence others? Your success and effectiveness as a leader is also related to your ability to get others to do what you want. Now, we are talking about motivation, not manipulation.
Take a close look at the connections you make with people. Have you recognized their different perspectives? Have you found common ground? Are you sharing the same sense of purpose?
Leaders inspire and motivate everyone around them by connecting with them emotionally and appealing to their hearts, as well as their minds.
EQ is a powerful tool that can not only contribute to meeting shared goals (and exceeding them), but to improving work relations and creating a healthy environment.