Biz Start Up Guide
  • Ideas
  • Entrepreneur
  • Marketing
  • Finance
  • Business Growth
  • Work From Home
No Result
View All Result
  • Ideas
  • Entrepreneur
  • Marketing
  • Finance
  • Business Growth
  • Work From Home
No Result
View All Result
Biz Start Up Guide
No Result
View All Result
Home Business Growth

Is a High IQ Needed For Success in a Business?

June 28, 2022
in Business Growth
Reading Time: 4 mins read
Is a High IQ Needed For Success in a Business?
0
SHARES

The IQ has become one of the prime methods of measuring human intelligence. The average IQ test was initially designed to recognize students who needed extra help in academia. Over time, this test transformed into a way to identify individuals who possessed higher intelligence than the average individual.

Now, let’s take a look into the correlation of a high IQ with the possibility of success. It’s no mystery that the common assumption is that people with immensely high IQs are prone to success. May it be Steve Jobs of Apple or Jay Gatsby of The Great Gatsby, the common belief correlates excessive incomes with excessive intelligence.

However, numerous research studies have proved the notion of high IQ as the key to success as a hoax. On the contrary, these state that emotional intelligence or EQ tends to eat up IQ for breakfast when achieving heights in a business or in general (source).

Let’s take a look into why that may be the case.

The Role of Emotional Intelligence

Before discussing the role emotional intelligence plays in increasing the probability of success in a business, let’s review its definition. Emotional intelligence is an individual’s ability to positively understand, implement, and manage their own emotions for conflict management, effective communication, stress management, and overcoming various social challenges.

All in all, this concept applies to an individual’s ability to alter their behavior according to various situations by implementing their awareness of their own emotions and those around them. The concept of emotional intelligence largely pertains to the practice of empathy because it surrounds the concepts of self and social awareness.

Therefore, the progressive belief system states that a high EQ is integral to success in a business. The common understanding is that consumers buy emotions, not products. Moreover, teams work around goals, missions, and strategies rather than directives. Moreover, an entrepreneur’s drive is based on passion more than logic.

Therefore, the ability to bounce back after a failure, understand consumer behavior, and alter a product or service according to the consumer’s needs requires a high emotional quotient (EQ) rather than a high intelligence quotient (IQ).

Moreover, while IQ is passed on through genetics and is more of an inborn ability, EQ can be learned, refined, and developed. Therefore, this concept applies to various business concepts and ensures success in a business instead of IQ, which plays a limited role.

Don’t get us wrong, IQ may be a bonus if you’re on the route to establishing a business. However, the trends suggest that people with average IQs are often better at performing in the workplace than those with ragingly high IQs.

Skip Out On The Aspiration Of Being The Smartest Person In The World!

Emotional intelligence has added another layer to human intelligence and is a widely sought quality within the business world. Entrepreneurs possessing high IQs can benefit from numerous positive traits such as empathy, solving problems effectively, and social skills. These traits help an entrepreneur develop quick solutions to problems, operate optimally in teams, and develop strong relationships.

The foundation of a successful business is coordination and consistently effective communication. If there is a lack of emotional intelligence, an individual will lack the ability to identify different emotions in others and, therefore, struggle to communicate effectively. Moreover, this is also an integral part of network building, which is one of the core functions of a business.

Ways To Improve Emotional Intelligence

Now that EQ plays a significant role in success in a business, let’s look into the different methods we can approach to improve it. As mentioned above, this ability can be acquired, refined, and developed. Therefore, the following factors may aid in enhancing your EQ:

Read As Frequently As Possible

Reading up on the success of other individuals when it comes to businesses will help you gauge the different characteristics and skills required to succeed in a business. Moreover, reading fiction and non-fiction books help you immerse yourself in a different dimension and put yourself in another character’s shoes. This automatically helps you develop empathy and social awareness, aiding in adapting your behavior to different situations, which is integral in a business.

Observe And Implement Empathy

Empathy might seem like a basic trait, but it is integral in building your EQ. Therefore, work on making empathy a part of your daily life while practicing it with your friends, family, colleagues, and new people that you may interact with. Observe their body language, tone, and eye movements to weigh out how they may be feeling about a particular situation.

Although IQ is a major bonus for achieving heights in life, it may not be the main factor that brings you closer to succeeding in a business. Emotional intelligence may be a much better measure of ensuring long-term success because it helps you solve problems based on self and social awareness. Since businesses are all about the end consumer, understanding their needs and adapting your product or service to meet them increases your chances of succeeding at a business.

Tags: business growthbusiness growth chartbusiness growth consultantbusiness growth strategiesbusiness growth strategyorganic business growthsmall business growthstages of business growth
Previous Post

How to Boost Your Google My Business Ranking in 5 Easy Steps

Next Post

How to Automate Workflows to Increase Productivity

Related Posts

DevSec Divide Broadens With New Algolia Incident
Business Growth

DevSec Divide Broadens With New Algolia Incident

January 3, 2023
Here are eight ways your company may help the community where you are located.
Business Growth

Here are eight ways your company may help the community where you are located.

November 4, 2022
Why Would You Want to Increase Sales by Using LinkedIn Lead Generation Software?
Business Growth

Why Would You Want to Increase Sales by Using LinkedIn Lead Generation Software?

November 3, 2022
Five Customer Engagement Metrics and KPIs That Are Most Commonly Used
Business Growth

Five Customer Engagement Metrics and KPIs That Are Most Commonly Used

November 2, 2022
4 Vital Information About Your Buyer Persona You Need to Know to Generate Leads
Business Growth

4 Vital Information About Your Buyer Persona You Need to Know to Generate Leads

November 1, 2022
How Your Credit Score Affects Business Finance in 5 Ways
Business Growth

How Your Credit Score Affects Business Finance in 5 Ways

November 1, 2022
Next Post
How to Automate Workflows to Increase Productivity

How to Automate Workflows to Increase Productivity

Leave a Reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • Steps to becoming a great leader in business
  • DevSec Divide Broadens With New Algolia Incident
  • What’s the Difference in Methods?
  • A Guide to the Best Affiliate Marketing Programs for Beginners (2022)
  • Your Guide to Getting Started

Archives

  • January 2023
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021

Categories

  • Business Growth
  • Entrepreneur
  • Finance
  • Ideas
  • Marketing
  • Work From Home
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Ideas
  • Entrepreneur
  • Marketing
  • Finance
  • Business Growth
  • Work From Home

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

This website uses information gathering tools including cookies, and other similar technology. We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information. Ad and Cookie Policy
Cookie SettingsAccept



Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT