Fortune magazine did a cover story in June 1999 on “Why CEO’s fail”, authors Ram Charan and Geoffrey Colvin categorically stated that successful CEO’s shine –not so much in the areas of planning or finance- but in the area of Emotional Intelligence
Why do people with average IQs outperform others with considerably high IQs, almost 70% of the time? This was an uncomfortable question for many who had always assumed that the sole source of success was cognitive ability or IQ. Decades of research now conclusively point to the fact that emotional intelligence is the critical factor that sets star performers apart from the rest of the pack.
So what is Emotional Intelligence?
It’s the ability to understand and deal with feelings, both your own and those of others, in a healthy constructive way. Simply put it’s the “something” in each of us that is a bit intangible that affects how we manage behaviour, navigate social complexities, and make personal decisions that achieve positive results.
EQ vs IQ
IQ is important alright, it’s a threshold requirement to get a job. For example, high cognitively skilled jobs like an accountant, Engineer and lawyer require the basic degree, for which one has got to have a certain level of IQ. However, after the initial entry level requirement, their success in an organisation primarily depends on so many other factors, the ability to be assertive, empathetic, collaborative, staying focused under pressure and a plethora of non-cognitive skills.
Are we ready!