Leadership: What's Emotional Intelligence Got To Do With It?
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Transcript of Leadership: What's Emotional Intelligence Got To Do With It?
Steven J. Stein, Ph.D. [email protected]
Emotional Intelligence and Successful Leadership:
Connecting The Dots
Leadership Has Changed
“As we look ahead into the next century, leaders will be those who
empower others.” Bill Gates
How Have We Focused on Leadership?
1. The Individual
2. The Organization
Kaiser, R., Hogan, R., & Craig, S. (2008)
Leadership and the Fate of Organizations,
American Psychologist, 63, 2, 96-110.
Looking Good
“It’s dangerous to be right when the organization is wrong” Voltaire
Avoid confrontation
Withhold suggestions for improvement
Do not ask your boss to champion
“unpopular” positions
Always agree with your boss
Focus on presentation skills and
looking good
Demonstrate an intense desire to win career
advancement and best your peers
Always be working on your next advancement
Leonard Sayles, 1993
British officers in the 18th and
19th century preoccupied with
status and promotion caused
the death of tens of thousands
of soldiers and the loss of
dozens of strategic positions.
Norman Dixon, 1976
Career Success Socializing
Politicking
Networking with outsiders
Team Leadership Communicating
Motivating
Disciplining
Managing Conflict
Staffing
Training subordinates
Transformational Leadership
Inspire and enhance the
performance of their followers
Persuade workers to set aside
selfish pursuits and work
towards a collective purpose
Uses vision, appealing group
goals, high standards,
intellectual stimulation, role
modeling, relationships
Good To Great:
Level 5 Leaders
Professional Will
Personal Humility
Why Some Companies Make
The Leap … and Others Don’t
Jim Collins
Poll: What’s Most Important For You In Selecting Leaders?
1. School Grades/GPA
2. IQ or Cognitive Intelligence
3. Technical Skills
4. Personality
5. Emotional Skills
Poll: Is High EI Good or Bad For Leadership?
1. Absolute priority, can’t lead
without it
2. High on my list of priorities
3. Nice to have, but not necessary
4. Can get in the way of effective
leadership
5. Definitely a liability, gets in the
way of good leadership
Tony Hayward, CEO of BP
“We’re sorry for the
massive disruption
this has caused
people. There’s no
one who wants this
thing to be over more
than I do, but I’d like
my life back!”
Google’s Hiring Results
“One of the things we’ve
seen from all our data
crunching is that G.P.A.’s
are worthless as a criteria for
hiring, and test scores are
worthless — no correlation
at all except for brand-new
college grads, where there’s
a slight correlation.”
Laszlo Bock,
Google’s senior vice president for
people operations
So What Does Google Look For?
1. If it's a technical role, it's learning ability.
2. leadership -- in particular emergent leadership
as opposed to traditional leadership.
1. “Traditional leadership is, were you
president of the chess club? Were you
vice president of sales? How quickly did
you get there? We don't care. What we
care about is, when faced with a problem
and you're a member of a team, do you, at
the appropriate time, step in and lead. And
just as critically, do you step back and stop
leading, do you let someone else?”
3. Humility
4. Ownership
EI Drives Business Results
“In the fields I have studied,
emotional intelligence is much
more powerful than IQ in
determining who emerges as
a leader. IQ is a threshold
competence. You need it, but
it doesn't make you a star.
Emotional Intelligence can.”
Warren Bennis Renowned Leadership Pioneer,
Author and Researcher
Leadership Emergence
Can we predict emerging
leaders?
Stephan Cote & Colleagues
Rotman School of Business,
University of Toronto
Teams of MBA students
working together for 10 weeks
Tested IQ, personality, EQ,
(pre) and peer ratings of
leadership
*The Leadership Quarterly 21 (2010) 496–508
Leadership Emergence
Findings:
“We identified the ability to
understand emotions as the
most consistent predictor of
leadership emergence among
the facets of emotional
intelligence.”
Balancing Emotion and Logic
James T. Kirk
“A man with very human emotions”
“He didn't know everything about
everything. Scotty knew more than
him about engineering, Spock about
science, and Bones about medicine.”
~ Randy Pausch
Peter Drucker
“Success in the knowledge
economy comes to those who
know themselves -- their
strengths, their values, and how
to best perform.”
~ Peter Drucker
Peter Drucker
Michael Dell
“I’ve always tried to surround myself with the best talent I could find. When you’re the leader of a company you can’t do everything yourself…The more talented people you have to help you, the better off you and the company will be.”
~ Michael Dell
Michael Dell
Emotions and Intelligence
“I view emotions as organizing
processes that enable individuals
to think and behave adaptively.”
Peter Salovey, Ph.D.
Researcher, emotional &social intelligence
Yale University
Department of Psychology
When Emotional Reasoning Trumps IQ
by Roderick Gilkey, Ricardo Caceda, and Clinton Kilts
Harvard Business Review, September, 2010
Emotional Intelligence Defined
The ability to identify
emotional information in
oneself and in others.
The ability to manage
emotional information in
oneself and in others.
The ability to focus emotional
energy on required behaviors
to get things done.
EQ-i 2.0 Model
Perceive and
express
ourselves
Develop and
maintain social
relationships
Cope with
challenges
Use emotional
information in an
effective way
The Study
186 CEO’s from YPO and IA
Completed :
EQ-i
Company financial
information
Perception of Business
Challenges Questionnaire
The Results
Companies were divided into
High Profit and Lower Profit
High profit company CEO’s
had higher:
Empathy
Problem solving
Self-regard
Reality testing
The Results
We could correctly predict a
CEO’s profitability category of
87% of the time based upon
EQ-i score.
The Results
Higher EQ CEO’s reported being
less challenged by:
Managing growth
Managing people
Training employees
Employee retention
Nine in Ten (91%) Managers and Supervisors Agree It’s Important to Improve Their Emotional Intelligence in the Workplace
Three-quarters (73%) Have No Significant Strength in Any of the
Four Key Skills Used for Managing Emotions
Toronto, ON – Nine in ten (91%) managers and supervisors
“agree” (37% strongly/54% somewhat) that “it’s important for
them to continue improving their skills in managing distressed
workers”, according to a new Ipsos Reid poll
Poll: Do you believe there are gender differences in EQ?
1. Yes, females score higher
than males
2. Yes, males score higher
than females
3. No differences, males and
females score the same
Global Norm Breakdown
154 countries
Equal gender
50% Male
50% Female
Equal age across four intervals
5 U.N. World Regions
Africa, Americas, Asia, Europe, Oceania
2,000 respondents from each region
Norm types
Overall
Age & Gender
Global Norm Breakdown
23 countries with more than 100 records
Asia: 7 (Singapore, Malaysia, China,
United Arab Emirates, India, Japan,
Indonesia)
Africa: 3 (South Africa, Angola, Nigeria)
Europe: 7 (Ireland, UK, Germany,
France, Finland, Spain, Switzerland)
Americas: 5 (United States, Brazil,
Mexico, Canada, Chile)
Oceania: 1 (Australia)
EQ-i 2.0 Gender Difference
94
96
98
100
102
104
Self-Regard Problem Solving Stress Tolerance Emotional Self-Awareness
EmotionalExpression
InterpersonalRelationships
Empathy
Males Score Higher Females Score Higher
Males Females
Global Norms Sample, n = 10,000
EQ-i 2.0 Gender Differences
98.00
100.00
102.00
104.00
106.00
108.00
110.00
112.00
Self-Regard Problem Solving Stress Tolerance Emotional Self-
Awareness
Emotional
Expression
Interpersonal
Relationships
Empathy
Males Score Higher Females Score Higher
Male Female
Canada and US (11,878)
Decision Making and Gender
Credit Suisse examined almost 2,400 global corporations
from 2005 to 2011 — including the years directly preceding
and following the financial crisis — and found that large-cap
companies with at least one woman on their boards
outperformed comparable companies with all-male boards
by 26 percent.
Some might assume that there was a cost to this as well,
that boards with women must have been excessively
cautious before the financial crisis of 2008, as was the case
with the balloon experiment. Not so. From 2005 to 2007,
Credit Suisse also found, the stock performance of
companies with women on their boards essentially matched
performance of companies with all-male boards. Nothing
lost, but much gained. Are Women Better
Decision Makers? -
NYTimes.com
By THERESE HUSTON
OCT. 17, 2014
Ginni Rometty
“She leads from both her
head and her heart.”
~ Manoj Saxena
Fortune Magazine
October 2012
Ginni Rometty
Chief Executive Officer, IBM
Apple Dominates List Of The World's Most Valuable Brands
“Apple is the most valuable brand in
the world for a third straight time at
$104.3 billion, up 20% over last
year. It is worth nearly twice as
much as any other brand on the
planet by our count.”
He may be as troubled and unsocialized
(and, too, as charismatic) a figure in
American business life as anyone since
Howard Hughes. Yet Jobs was also
approved by 97% of Apple employees
according to the website Glassdoor.
"I get to spend my time on the forward-
looking stuff. My top executives take half
the other work off my plate. They love it,
and I love it."
He focused on what he was best at:
creating products, recruiting, marketing,
and of course, being the public face of the
company.
Steve Jobs
“Don't let the noise of other's
opinions drown out your own
inner voice. And most important,
have the courage to follow your
heart and intuition. They
somehow already know what
you truly want to become.
Everything else is secondary.”
~ Steve Jobs
Emotions and Decision Making
“Sometimes when you innovate,
you make mistakes. It is best to
admit them quickly, and get on
with improving your other
innovations.”
~ Steve Jobs
Emotions and Decision Making
“The Most Powerful
Woman in Business”
Fortune (2003)
Carly Fiorina
Brought in to shake up HP
Merged HP with Compaq
“Job focused” leadership
Carried out 1 year plan in 3 months
Authority-compliance leadership style
Worked people hard, no attention to
their needs
Under delegated, over-controlling
Was let go by BOD in 2005
Ranked #5 of Top 10 Worst Tech CEO’s of all time:
Computer Dealer News
Carly Fiorina
“Most boards would not care if the CEO
had horrible relations with employees,
but in the case of Fiorina, it turned into a
huge factor.
Under her watch, HP gave 30,000 loyal
employees pink slips.
HP stock lost half its value.
She was a huge proponent of sending
jobs overseas. And the way she
executed it was nothing short of terrible.”
Most Powerful
Woman in 2004,
Fortune Magazine
Meg Whitman
"I believe that being willing and able to
actively listen is a vital skill for any leader.
Not only is listening the right thing to, an
antidote to arrogance, it also leads to all
sorts of competitive advantages."
“With her laser light focus, she would get
to the two or three things which really
matters, knock them out and then move on
to the next.” (Rajiv Dutta, former President
Marketplaces, Paypal and Skype, and
CFO eBay.)
byJoseph F. Kovar on March 17, 2014, 5:38 pm EDT
Hewlett-Packard's fourth-quarter 2013 storage
sales recovered in a big way to give the
company the highest growth rate of the entire
industry, according to a new report from
research firm Gartner.
Unlike the earlier cuts, these come not as the
result of a poor financial performance. HP’s
revenues have improved since 2012, and
earnings for the quarter ended April 30 were
US$1.27 billion, up 18% from the same
quarter last year.
The Comeback Kid: HP Q4 Storage Sales Up 25 Percent, Says Gartner
MHS Leadership Study
220 leaders
Mid-level to C-suite leaders
Healthcare, financial services,
construction, public service
Average total EQ scores of
leaders was 14 points higher
than general population
Critical Skills: Two Perspectives
Adaptability
Coaching
skills
Problem-solving
skills
Impulse
control
Stress
tolerance
Interpersonal
skills
Coaching
Self Actualization
Empathy
Reality Testing
Interpersonal Relationships
Assertiveness
Flexibility
Insight
Communicates a purpose,
meaning and vision
Hopeful view of the future
Compels employees to reach and
exceed goals
Insight
Self Actualization
Optimism
Self Regard
Social Responsibility
Interpersonal Relationships
Emotional Expression
Innovation
Importance of taking risks
Spurring ingenuity, imagination,
autonomous thinking
Values knowledge
Challenges seen as learning
opportunities
Innovation
Self-Actualization
Independence
Problem Solving
Assertiveness
Flexibility
Interpersonal Relationships
Leadership Derailment
Impulse Control
Problem Solving
Stress Tolerance
Empathy
Ineffective, highly dissatisfying
and disengaging for followers
Six Steps for Improving EI
1. Identify EI skill to improve
2. Set specific, measurable, and
realistic goals
3. Identify and address any
obstacles
4. Seek out helpful resources
(coach, performance
evaluation, training program,
books)
5. Practice new behaviors
(repeat, reinforce, evaluate)
6. Review, reassess, and refine
your EI goals
“A leader's intelligence has to have a
strong emotional component. He has
to have high levels of self-awareness,
maturity and self-control. She must
be able to withstand the heat, handle
setbacks and, when those lucky
moments arise, enjoy success with
equal parts of joy and humility. No
doubt emotional intelligence is more
rare than book smarts, but my
experience says it is actually more
important in the making of a leader.
You just can't ignore it.”
~ Jack Welch Former Chairman & CEO, General Electric Co.
“Feelings are much like waves, we
can't stop them from coming but
we can choose which one to
surf.”
~ Jonatan Mårtensson
Thank You Steven J. Stein, Ph.D. [email protected]