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The Importance of Emotional Intelligence

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1. Define emotional intelligence (EI). What are its key characteristics? Why is it important to understand the concept of emotional intelligence?

2. Describe how the entrepreneurial orientation (EO) dimensions of innovativeness, proactiveness, and risk taking can be combined to create competitive advantage for a firm.

3. Why is it important for managers to carefully consider the type of organizational structure that they use to implement their strategies?

4. What are the benefits to firms and their shareholders of conducting business in an ethical manner?

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Emotional intelligence is best defined as the ability of an individual to effectively control one's emotions, as well as to control the emotions of others, which also includes the important ability to be able to identify one's own emotional state, as well as to make accurate analytical assessments of one's emotional state. The key characteristics of emotional intelligence are a heightened sense of self-awareness, emotional mastery (especially negative emotions), an optimistic attitude, being a good team player, and being able to accurately read the emotional states of others. It is very important to understand the concept of emotional intelligence, because emotional control is just as important, if not more so, than the IQ. In addition, an understanding of emotional intelligence will help to unlock the mystery of what helps one to understand and to function well within a social ...

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