Emotional strength or emotional intelligence, in layman’s terms, is the ability to manage emotions and use it for certain advantages instead of the other way around. Emotional business strength, on the other hand, includes the ability to recognize emotions and control them as a result.
Why is emotional business strenght important in leadership? Simply because emotions can block one from making rational decisions and therefore miss opportunities or create losses. A person with high emotional business strength knows how to manage emotions in such a way that doesn’t hurt their business.
We’ll discuss here the benefits of emotional intelligence in the workplace and how emotional intelligence (EI) can lead to career success.
What Is Emotional Business Strength?
Before we can talk about why EI is very important in your career life, what is meant by emotional business strength anyway?
According to a Yale study by Marc Brackett, emotional intelligence or strength is the ability to solve problems by taking into consideration both logic and intuition. Getting the balance of the two when making decisions shows if one knows how to manage emotions or not.
When you solely rely on your feelings when making decisions, you risk making the wrong decisions. For example, imagine yourself in a bad mood. Now, imagine an employee accidentally making a small mistake. Most likely, this will urge you to yell, scold and criticize. This happens only because you’re angry. Now, this type of decision is quite harsh could make you lose good staffers in return.
That said, it’s also not good to solely rely on logic. This is because you lose your connection to people when you don’t rely on feelings. For instance, you won’t be able to connect with potential clients, if you simply don’t share the same impressions.
So the key to making good decisions is to know how to manage emotions and mix them with logic and facts. That way, you can pick the wiser options through proper evaluation.
Why Does Emotional Business Strenght Matter?
What aspects of the business are affected by your emotional intelligence? Here are a few reasons why you need to have a strong EQ if you’re to be successful in your business:
Helps You Handle Change
According to a research made by the Center for Creative Leadership, one of the main reasons for business failure is handling change in general. This actually does make perfect sense because the business environment is always changing and evolving. If you can’t control your emotions when making a change, then the business environment will defeat you.
Helps You Work with a Team
The same research also states that another cause of business failure is the inability to work with a team. Working with a team definitely takes a lot of EQ because it takes interpersonal skills and the ability to empathize. Remember that no man is an island, so if you can’t work with people, your business will fail.
Helps You Communicate Well with People
As per the Carnegie Institute of Technology, 85% of career success was a result of likeability. More precisely, it was a result of the capacity of getting people to like you. This means that communication and leadership skills are the main ingredients for success. The other 15%, on the other hand, came from the technical abilities or skills.
Lastly, having a high EI was shown to help boost productivity as well. A 1999 study found that factory supervisors with emotional intelligence training had fewer accidents and managed their time better. They also decreased the number of grievances in their lives. Due to this, the plant increased productivity during the year.
This definitely made perfect sense because the EI lessons put heavy emphasis on how to listen better. If you were to analyze a problem instead of reacting instinctively, you could reach a solution faster. This is so because you can look at every angle more objectively.
So as you can see, there are many reasons to acquire a high emotional intelligence in business ventures. Having a high EQ helps you to be more rational and reasonable. At the same time, it makes you become more empathic. All of these aspects, if combined together, will make you a very intelligent person as a whole. As a result, you will be able to make wise decisions even in the most crunching times.
With that, we can see that the more emotionally intelligent people end up more successful than the ones who aren’t. This is because emotionally strong people not only know how to control their emotions but can understand their feelings. Because they can control and understand their emotions, they also know how to use their emotional business strength properly. Coupled with logical reasoning, these businessmen really know how to make things work.
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