improving business performance “emotional intelligence”
TRANSCRIPT
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Improving Business Performance with
“Emotional Intelligence”"
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What is Emotional Intelligence?"
! The ability to recognise, understand and manage emotions in ourselves and others!
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The Practical Research:"
! The capability of people to perform work falls into three areas:!- Technical Skills!- Intellectual Capability (IQ)!- Emotional Intelligence (EI)!
! Emotional Intelligence can be increased (unlike IQ)!! Emotional Intelligence does not necessarily
automatically increase with age !
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The Emotional Intelligence Model"
! Daniel Goleman’s EI – based on Theory of Performance!
! Provides practical links between emotional competencies and business!
! Simple to understand, common sense model!
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Goleman’s Practical Research:"
! Emotional Intelligence is the differentiator of “star” performer!
! Emotional Intelligence is a significant contributor to success in leadership!
! Emotional competencies are twice as important in contributing to excellence as other competencies !
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Success & Failure Leadership Profiles"
Most Frequent Relevant Characteristic!Most Frequent Relevant Characteristic!
EI!
Outstanding IQ!
Relevant Experience!
FAILURE" SUCCESS"
!79%!
!24%!
!71%!
!48%!
!74%!
!71%!
SUCCESS & FAILURE PROFILES – Fernandez-Araoz & Goleman"
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! The more people responsibility the position has in the organisation, the more EI matters (EI competencies can account for up to 85%)!
! EI is synergistic with the other capabilities!! High levels of EI competence;!
! Achieve better financial results !! Develop more effective and supportive organisational climates
or culture !! Achieve higher productivity gains with their workforce !
Goleman’s Practical Research cont:"
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! SELF-AWARENESS" Emotional Self-awareness! Accurate Self-Assessment! Self-Confidence!
!
! !
SOCIAL AWARENESS" Empathy! Organisational Awareness! Service Orientation! ! !
!
SELF-MANAGEMENT" Self-Control! Transparency! Adaptability! Achievement Drive! Initiative! !
!
RELATIONSHIP MANAGEMENT" Inspirational Leadership! Developing Others! Influence! Change Catalyst! Conflict Management! Building Bonds! Teamwork & Collaboration!
!
!
Goleman’s Emotional Intelligence Model"
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How is the EI Model different from current practices?"! Identifies core competencies required before
people can be effective in Relationship Management!
! Provides an organisational framework to help develop Relationship Management skills!
! The model is based on what makes “star” performers!
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Intangible Assets!
Emotional Intelligence Competencies"
Market Value of Business!
Shareholder Equity
Customer, Supplier & Community Relationships!Value of Product Brands,
Business Name, including Organisational Image etc!
Customer Capital"
Internal processes & systems, internal
structure, IT Systems, business concepts &
models, communications.!
Organisational Capital"
Employee competence, behavioural capability & performance, culture &
values!!
Human Capital"
The Business Model"
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Customer Capital Measurement"
! Growth/Renewal!!e.g. revenue growth, new customers!
! Efficiency !!e.g. revenue per customer!
! Stability!!e.g. repeat business!
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Organisation Capital Measurement"
! Growth/Renewal!!e.g. revenue from new products!
! Efficiency !!e.g. proportion of administrative staff!
! Stability!!e.g. new staff ratio!
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Human Capital Measurement"
! Growth/Renewal!!e.g. average professional competence!
! Efficiency !!e.g. value added per employee!
! Stability!!e.g. employee turnover!
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Human Capital: The Performance Advantage"! Low complexity jobs – l9%!! Medium complexity jobs – 32% !! High complexity jobs – 48%!! Sales jobs – 48% to 120%!
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Let’s talk about your company"
! What percentage of your people are “star performers”?!
! Do you think these people have good EI skills?!! What percentage of staff manage relationships
with people?!! How many could improve the way they manage
relationships?!
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Emotional Intelligence Competencies"
! EI competency profiles of “star performers” vary with job roles!
! Senior Executive managers may have different competencies to a Sales Manager, Trainer or a Technical Manager!
! Are EI competencies used in recruitment and selection for positions within your organisation?!
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Behaviours"
Values"Beliefs"Needs"
EI Development"
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! 1. MY REAL SELF?" Who am I?!
!
! !
2. MY IDEAL SELF" Who do I want to be?! What are my strengths and! gaps?! ! !
!
4. EXPERIMENTING" and practising new ! behaviours, thoughts ! and feelings to the ! point of mastery !
!
3. MY LEARNING AGENDA" How can I build on my ! strengths whilst reducing my ! gaps?!
!
!
Self Directed Learning"
5. DEVELOPING TRUSTING RELATIONSHIPS"
that support & encourage ! each step in the process! and make change possible!
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Developing Self-Awareness"
! This is the cornerstone of EI development !! Where do you start?!! What tools are you aware of?!! Start with the Enneagram!
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Degree of"Self Centeredness!
Presence"
Wisdom"
Social Value"
"
Recognition"
Automated Responses"
Exaggeration"
"
Survival"
Preoccupation"
Delusional!
1.
2.
3.
------
4.
5.
6.
-------
7.
8.
9.
Emotional Health Levels"Characterized By!
Degree of"Behavioural Freedom!
Less!
Less!More!
More!
Emotional Health Levels"
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What is leadership?"
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Leadership - Setting direction and coping" " " " " with change"
! Creating a compelling view of the future!! Setting direction!! Aligning people’s focus and energy!! Motivating and inspiring through communication!! Influencing and coaching others!! Empowering people and building trust!
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Management - Creating order and predictability"! Planning and budgeting!! Organising!! Staffing!! Controlling resources!! Directing and delegating!! Solving problems!
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! Where do you spend your time?!!X% in leadership!!Y% in management!
! What should the split look like?!
Leadership vs Management "
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" 1. BUSY WORK "
Gain credibility by delivering customer focused daily support to business!
" 2. OBJECTIVES"
Building and implementing initiatives that contributes to the desired business objective/culture/vision!
3. BUSINESS PARTNERS"Getting closer to the business Meeting regularly with business, providing advice that adds value – become key advisers!
4. LEADING THE BUSINESS" Ahead of the Business! Presenting new opportunities! New concepts put forward! Adding significant value! Provide creative and! innovative ideas!
Reactive/Operational" Proactive/Strategic"
Strategic Services Model"
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! What makes an effective leader?!! What makes an effective follower?!
Leadership"
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What does leadership need to look like in this organisation?"
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! Why is important to think about how we doing things? !
! What is the impact on our customers?!! What is the impact on our position in the
marketplace?!
Linking leadership to organisation success"
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! What do we need to do now?!
Next Steps"
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Questions"