Successful Managers: IQ versus EQ
The most effective managers make good use of their IQ (intelligence quotient) and EQ (emotional quoentit).
Successful business executives tend to have a high IQ as this is key to their personal performance. However, they also tend to have a high EQ as this is critical for understanding and managing people.The ability to relate to others, identify, assess, and regulate emotions in order to be socially aware when interacting with others and when problem-solving is a key part to being a good manager.
A successful business leader needs to be able to switch between making analytical decisions such as running the numbers on a set of accounts, and emotionally driven decisions such as how to win over new clients.
The eloquence, good memory and capacity for learning associated with a high IQ are attributes that the best business leaders possess. EQ is equally important as it allows business leaders to read body language and tune into the emotional state of others. This can make all the difference when trying to close a deal, negotiate a contract or when managing a team of people.
While our IQ doesn’t change significantly during our lifetime, EQ can evolve and develop. To improve your EQ, try to be more self-aware. Observe and reflect on your feelings, how you react to these feelings and how they impact those around you.Take time to evaluate yourself and your own behaviour. Step back and look at what you’re doing and how you feel about it. Identify your strengths and weaknesses and consider how to improve your weaknesses.
Once you have built some self-awareness and you understand your thoughts, feelings and stressors, you can strive to control them. Pause and reflect on things before making a conscious decision on how to react. Learn to channel your emotions and take responsibility for your own actions. Be open to feedback and consider how your behaviour affects others.
Tackling your role in business like a marathon can help you to focus on the big picture.
Effective leadership requires more than just short-term thinking and quick fixes. Similar to running a marathon, successful managers need to cultivate a marathon mindset—an approach that emphasizes endurance, perseverance, and long-term goals.
Managers with a marathon mindset set their sights on long-term objectives. They develop a clear vision and establish ambitious yet achievable goals for themselves and their teams. By focusing on the bigger picture, they can maintain motivation and drive their teams towards consistent progress.
Patience and Persistence
Marathon runners understand the value of patience and persistence. Similarly, managers with a marathon mindset remain focused on long-term success, understanding that significant achievements require time and effort. They stay committed to their goals, even during challenging times, and inspire their teams to do the same.
Resilience and Adaptability
Like marathon runners, managers encounter hurdles and unexpected obstacles along the way. Cultivating resilience and adaptability is essential. They remain composed under pressure, quickly adapt to changing circumstances, and find innovative solutions to overcome challenges. Resilient managers inspire their teams to navigate obstacles with confidence and determination.
A marathon mindset recognises the importance of maintaining a sustainable pace. Managers who prioritise work-life balance, avoid burnout, and promote the well-being of their team members will be more successful.
Just as marathon runners benefit from a support system, managers with a marathon mindset prioritise collaboration and teamwork. They foster an environment where individuals can leverage their strengths, communicate openly, and work together towards shared goals.
By embracing the marathon mindset, managers can effectively guide their teams towards enduring success. In short, intelligence and empathy equals business success.