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Emotional Intelligence and Organizational Competitiveness
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Definition of Emotional intelligenceInvolves the skills and activities of recognizing one’s and
others’ emotions and managing and utilizing them to enhance relationships.
Encompasses four major areas:1. Self-awareness - ability to be in recognize and manage
personal emotions2. Self-management - skill of directing and controlling
emotional reactions. 3. Social awareness - the essential skill of being in tune with
one’s social environment, including deciphering other people’s emotions accurately
4. Relationship management - use of self-awareness, self-management and social awareness to build and enhance relationships
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Emotional Intelligence in the Organization
Porter’s Five Forces spell out the importance of emotional intelligence for organizational competitiveness
Theory outlines the factors that influence competitiveness
1. supplier power2. buyer power3. threat of new entries4. competitive rivalry5. threat of substitution.
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Emotional Intelligence in the Organization
The five factors demand the organization’s accurate and comprehensive knowledge of the self and the industrial environment of its operations
Include the internal environment – strengths and weaknesses - and the external environment – opportunities and threats.
Emotional intelligence allows the organization to draw up and implement business strategies aimed at influencing these environments towards a competitive advantage.
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Leadership and Emotional Intelligence
Organizational environments demand leaderships based on emotional intelligence to address employee and workplace problems effectively.
emotional intelligence allows leaders to listen, understand and empathize with their employees.
Is essential in participative management and leadership.
Allows leaders to manage conflict resolution methods effectively
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