Emotional Intelligence

Nick Neonakis • December 8, 2017

“The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.”

Emotional Intelligence

“The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.”

― Adam Smith

If you are thinking of achieving independence through business ownership , a good place to start is with who you and what you are trying to accomplish. Most of my consulting work revolves around helping people define their search criteria in identifying franchise businesses that can help them achieve their goals. If you are interested in knowing yourself better and what kind of business owner you might be – read on or send me an email and I would be happy to send you more information that may be useful.

An important component of defining search criteria for a client is achieved through Emotional Intelligence - EQ – which is a relatively recent behavioral model, rising to prominence with Daniel Goleman and Richard Boyatzis’ ground breaking work. The early Emotional Intelligence theory was originally developed during the 1970s and 80s by the work and writings of psychologists Howard Gardner (Harvard), Peter Salovey (Yale) and John 'Jack' Mayer (New Hampshire). Emotional Intelligence is increasingly relevant to organizational development and developing people, because the EQ principles provide a new way to understand and assess people's behaviors, management styles, attitudes, interpersonal skills, and potential. Emotional Intelligence is an important consideration in human resources planning, job profiling, recruitment interviewing and selection, management development, customer relations and customer service, and more.

Emotional Intelligence links strongly with concepts of love and spirituality: bringing compassion and humanity to work, and also to 'Multiple Intelligence' theory which illustrates and measures the range of capabilities people possess, and the fact that everybody has a value.

The EQ concept argues that IQ, or conventional intelligence, is too narrow; that there are wider areas of Emotional Intelligence that dictate and enable how successful we are. Success requires more than IQ (Intelligence Quotient), which has tended to be the traditional measure of intelligence, ignoring essential behavioral and character elements. We've all met people who are academically brilliant and yet are socially and inter-personally inept. And we know that despite possessing a high IQ rating, success does not automatically follow.

Different approaches and theoretical models have been developed for Emotional Intelligence. This summary article focuses chiefly on the Goleman interpretation. The work of Mayer, Salovey and David Caruso (Yale) is also very significant in the field of Emotional Intelligence, and will in due course be summarized here too.


Emotional Intelligence - two aspects

This is the essential premise of EQ: to be successful requires the effective awareness, control and management of one's own emotions, and those of other people. EQ embraces two aspects of intelligence:

• Understanding yourself, your goals, intentions, responses, behaviour and all.

• Understanding others, and their feelings.

Emotional Intelligence - the five domains

Goleman identified the five 'domains' of EQ as:

1. Knowing your emotions.

2. Managing your own emotions.

3. Motivating yourself.

4. Recognizing and understanding other people's emotions.

5. Managing relationships.

Emotional Intelligence embraces and draws from numerous other branches of behavioral, emotional and communications theories, such as NLP (Neuro-Linguistic Programming), Transactional Analysis, and empathy. By developing our Emotional Intelligence in these areas and the five EQ domains we can become more productive and successful at what we do, and help others to be more productive and successful too. The process and outcomes of Emotional Intelligence development also contain many elements known to reduce stress for individuals and organizations, by decreasing conflict, improving relationships and understanding, and increasing stability, continuity and harmony.

Business credit
By Rusty Rich March 26, 2025
Learn the truth about business credit, how it works, why it matters, and how to build and use it wisely to grow your company and secure funding—brought to you by The Money Expo.
Financial literacy for entrepreneurs
By Rusty Rich March 18, 2025
Unlock financial confidence with the right tools. This guide from The Money Expo explores key financial literacy skills, resources, and technologies every entrepreneur needs to succeed.
Business Financing
By Rusty Rich February 19, 2025
Learn how to establish a strong financial foundation for your business right from the start. Discover the best practices for budgeting, managing cash flow, and avoiding debt with expert advice from The Money Expo.
The Money Expo
By Rusty Rich February 19, 2025
Discover the future of business financing at The Money Expo. Learn about emerging trends in funding, including crowdfunding, fintech, and digital lending platforms.
Pitch to Investors
January 6, 2025
Learn how to craft a winning pitch for investors that captivates and convinces. From structuring your story to showcasing value, these tips will help you stand out. Discover more insights with The Money Expo.
Business Funding Opportunity
January 3, 2025
Discover the best funding options to kickstart your business in 2025. From traditional loans to alternative financing, find the resources to grow and thrive. Learn more with insights from The Money Expo.
By The Great American Franchise Expo February 9, 2018
Anyone thinking of starting a business, especially a franchise. The franchise world is vast, Read on to know how should you explore before entering franchise world?
By The Great American Franchise Expo February 2, 2018
A great franchisor will be looking for the best matches for their franchise system. Learn about the factors that go on to make a you a suitable franchise candidate.
By The Great American Franchise Expo January 25, 2018
If you’re looking for a change and want to find out more about franchising, Attend one of our expos and meet experts who can guide you to discover new horizons in many industries.
By The Great American Franchise Expo January 24, 2018
Boston is clearly having a revival in business opportunities, and having the talent pool to support it. Read on to learn the benefits of starting a new franchise business in Boston
Show More