Emotional intelligence can be defined as an individual’s level of awareness and understanding of his emotions. Cultivating emotional intelligence is useful for leaders because it increases an individual’s capacity for better decision making. The corporate world in recent years has started appreciating the role of emotional intelligence in the workplace.
Avoid Rushing into Bad Decisions
Studies show that people with emotional intelligence make bad decisions when they are overwhelmed by emotions such as anxiety. If a leader is anxious about an upcoming project he may rush his decisions out of fear. Another leader with a high emotional IQ will feel anxious but what he feels hardly influences his decisions.
Identify Negative Influences and Anticipate Problems
A high emotional IQ gives a leader the power to anticipate the emotional pitfalls and take action before it happens. Such leaders are self aware enough to know how they will be feeling during an upcoming event or project.
This type of leader can understand their feelings as well as the cause and effects of those feelings. This understanding gives them greater power over their ability to make objective decisions that will be beneficial to all the stakeholders involved.
Improves Interpersonal Skills
Emotional intelligence includes the awareness of one’s emotions as well as that of others. People with high emotional IQ can identify not only their emotions and their causes, but that of partners, subordinates, and people in authority.
The ability to empathize with people you are working with goes a long way in developing interpersonal skills. The synergy between the leader and those he is working with is strengthened where the leader can understand actions and motivations at a deeper emotional level. Emotional intelligence fosters better relationships between peers and the leaders in an organization. It also helps the individual and the organization realize their goals much faster thanks to better decision making.