Impact of Emotional Intelligence of Decision Making
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This article discusses the impact of emotional intelligence on decision making. It covers the attributes associated with emotional intelligence, potential biases, and recommendations for overcoming leadership biases.
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Running head:IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING Impact of Emotional Intelligence of Decision Making Name of the Student Name of the University Author’s note
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1IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING Table of Contents 1. Introduction..................................................................................................................................2 2. Discussion....................................................................................................................................2 3. Conclusion...................................................................................................................................5 References........................................................................................................................................6
2IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING 1. Introduction EmotionalIntelligence(EI)isdefinedasthecapabilityofindividualsbasedon recognizing their personal emotions and others. EI could also be defined as the ability of recognizing the emotions, understanding them and thus realizing the ways in which these kind of emotions would be able to affect the people around an individual. This form of technique would also be responsible for monitoring the emotions of an individual and also of others (Goleman, Boyatzis & McKee, 2013). This form of approach would have a profound impact on different things and one among them is based on the skills of decision making of individuals. 2. Discussion Various kinds of emotions of individuals would help in playing a major role in the making of vital decisions by individuals. EI would normally refer to the ability to perceive, evaluate and gain control over emotions. This kind of component could be measured. The impact of EI would normally be associated with the qualities of leadership, determination, decisiveness and vision (Njoroge & Yazdanifard, 2014). These would be necessary for gaining success within the organisation. The impact of EI would be necessary for the success at any level of the organisation. Different organisations value those employees who would have high level of EI based on the promotion and grooming of different roles of leadership. Different researches in the factor of EI would be able to translate these actions into general happiness, better physical and mental health and improved relationships. The different attributes that would be associated with EQ are:
3IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING Self-Awareness– This could be defined as the primary step of attainment of a high level of EI. This attribute would enable people to become honest with themselves and thus be able to accept their personal strengths, weaknesses, shortcomings and desires. Self-Regulation–Thiskindofattributeinvolvestheuseofself-regulationand discipline. Individuals who would have this attribute would be able to control their impulses (Hutchinson & Hurley, 2013). This could also be defined as a skill, which would enable leaders for embracing and adapt to such kinds of changes. Empathy– This would refer to the consideration and awareness based on the feelings of others. The dimension of EQ would be essential on different aspects of life. This attribute would be necessary for embracing new kinds of business and cultural environments. Thesewouldbehelpfulforavoidingmisunderstandingsandconflictwithinthe workplace. Motivation– This kind of attribute would have the ability of motivating others. This attribute would be helpful for leaders to achieve their objectives by facing challenges and mitigating them. Social Skills– This form of attribute would be essential for EI within the workplace. Effective use of social skills would encompass each of the attributes of EQ (Wan, Downey & Stough, 2014). Leaders would put these skills for the management of relationships and achieving of personal goals within the organisation. The leaders within an organisation have the sole responsibility for the creation of a high level of satisfaction of jobs. The primary aim of leadership would be based on the improvement of the performance of machines and man. There are several means for the employment of
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4IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING different plans for increasing the level of motivation, performance and satisfaction within the workplace. The leaders involved within an organisation would be able to improve the means of employment within an organisation based on following of certain kinds of processes. These include: Providing of a positive mode of working environment Awarding the employees with several rewards and recognition based on their work quality Involvement and increase of employee engagement Development of potential and skills of employee within the workplace Evaluation and measurement of job satisfaction The advantages of such kind of plan based on the implementation of EI approach within an organisation is that it would be able to bring better form of outcomes for the organisation (Bennett & Sawatzky, 2013). They would be able to provide motivation to the employees and would also help in increasing their skills within the workplace. There are some form of potential biases within an organisation that would be able to put an impact on the making of decisions based on the aspect of leadership. Unconscious biasness would be able to influence the ways in which different decisions could be made. The leaders within an organisation should be humble around unconscious bias (De Massis & Kotlar, 2014). They should also be able to impact the biasness that would be made on different forms of agreements and decisions. With the impact of potential bias, the leaders would be able to note the effective ways of recognizing, managing and lessening of the impact within the workplace
5IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING (Parsons et al., 2014). Based on the understanding of the fact that different forms of biases would influence decisions, these would be helpful for establishing of culture based on awareness, understanding and disciplined thought. The different recommendations for overcoming of leadership biases are: Increase of Self Awareness– Different kinds of responses, reactions and judgements could be noticed based on considering of different individuals and situations. Education on Different Cognitive Biases– The different modes of bias such as anchoring bias, confirmation bias, and overconfidence bias and attribution error would be able to have a profound effect on different kinds of decisions and perspectives. Based on overcoming of leadership bias would be able to have a major form of impact on the thoughts and behaviours of individuals (Girod et al., 2016). With the help of taking such kind of steps would be able to uncover the beliefs, bias and perspectives that would certainly be able to impact the decisions. 3. Conclusion Based on the discussion from the above report, it could be concluded that the impact of Emotional Intelligence would be able to impact the minds of the individuals within the workplace. High impacts of EI would be able to help the individuals in improving their decision making skills and thus would help them in improving the skills of employees within the workplace based on improving the productivity within the workplace.
6IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING References Bennett, K., & Sawatzky, J. A. V. (2013). Building emotional intelligence: a strategy for emergingnurseleaderstoreduceworkplacebullying.Nursingadministration quarterly,37(2), 144-151. De Massis, A., & Kotlar, J. (2014). The case study method in family business research: Guidelines for qualitative scholarship.Journal of Family Business Strategy,5(1), 15-29. Girod, S., Fassiotto, M., Grewal, D., Ku, M. C., Sriram, N., Nosek, B. A., & Valantine, H. (2016).Reducingimplicitgenderleadershipbiasinacademicmedicinewithan educational intervention.Academic Medicine,91(8), 1143-1150. Goleman, D., Boyatzis, R. E., & McKee, A. (2013).Primal leadership: Unleashing the power of emotional intelligence. Harvard Business Press. Hutchinson, M., & Hurley, J. (2013). Exploring leadership capability and emotional intelligence as moderators of workplace bullying.Journal of Nursing Management,21(3), 553-562. Njoroge, C. N., & Yazdanifard, R. (2014). The impact of social and emotional intelligence on employee motivation in a multigenerational workplace.Global Journal of Management And Business Research. Parsons, K., McCormac, A., Butavicius, M., Pattinson, M., & Jerram, C. (2014). Determining employee awareness using the human aspects of information security questionnaire (HAIS-Q).Computers & Security,42, 165-176.
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7IMPACT OF EMOTIONAL INTELLIGENCE OF DECISION MAKING Wan, H. C., Downey, L. A., & Stough, C. (2014). Understanding non-work presenteeism: Relationshipsbetweenemotionalintelligence,boredom,procrastinationandjob stress.Personality and Individual Differences,65, 86-90.