Emotional Intelligence Of Leaders By Daniel Goleman

In Daniel Goleman’s article, â€Å"The emotional intelligence of leaders,† he asserts that emotional intelligence not rational intelligence is what distinguishes exceptional leaders from average leaders. Biologically speaking, feelings and emotions developed in the limbic system before the development of rational thought in the cerebral cortex. Emotional intelligence involves the balance and synergy between the emotional and rational centers of the human brain. Goleman, a psychologist who has written articles for the New York Times and has authored books and on behavioral science, establishes five emotional intelligence competencies required for successful leaders: self-awareness, emotion management, motivation of others, empathy, and staying connected. Self-awareness is an understanding of how you feel and who you are; it involves the ability to listen to your deepest instincts and influences your decision making. Self-aware leaders are confident, decisive, and know who they are what their strengths and weaknesses are. Emotion management is exhibiting good self-control and limiting impulsive reactions. Leaders who allow themselves to be governed by anger, fear, anxiety, and sadness cannot provide effective, confident, authoritative leadership. Goleman references a Stanford University study which showed that children with better impulse control, in this case delaying gratification, outperformed their impulsive counterparts years later on the Scholastic Aptitude Test (SAT).Show MoreRelatedIs Emotional Intelligence Beneficial for Effective Leadership?1509 Words   |  7 Pagesare many different definitions of what emotional intelligence is and exactly which components should be included to comprise it. The most basic model of emotion al intelligence is the four branch model described by John Mayer and Peter Salovey in 1997. The key concepts included in the four branch model are: emotional intelligence is the ability to perceive emotions, to access and generate emotions so as to assist thought, to understand emotions and emotional meanings, and to reflectively regulateRead MoreHow Leadership Styles Influence On An Organization s Climate Essay1019 Words   |  5 Pagesstyles are consisted of the emotional intelligence: self-awareness, self-management, social awareness, and social skill. Therefore, these three concepts, such as the six leadership styles, the elements of emotional intelligence, and an organization’s climate, will influence each other because the research found that individuals with different emotional intelligence competencies will have distinct leadership styles. Subsequently, with the distinct leadership styles, leaders will utilize their own leadershipRead MoreEmotional Intelligence : A n Effective Leader Needs Essay741 Words   |  3 PagesAccording to Dictionary.com, emotional intelligence is defined as â€Å"skill in perceiving, understanding, and managing emotions and feelings† (dictionary.com). The definition developed by Peter Salovey and John Mayer indicate â€Å"Emotional intelligence is the ability to perceive emotions, to access and generate emotions so as to assist thought, to understand emotions and emotional knowledge, and to reflectively regulate emotions so as to promote emotional and intellectual growth† (Mayer Salovey, 1997)Read MoreEmotional Intelligence and Leadership1065 Words   |  4 Pagesï » ¿ Emotional Intelligence and Leadership Introduction What is Daniel Golemans Theory of Emotional Intelligence? How does Golemans theory relate to leadership in the workplace or in the political milieu? Why is image management important for leadership? Answers to these and other issues will be presented in this paper. Emotional Intelligence and Leadership Daniel Goleman uses an analogy to present his theory on emotional intelligence; he notes that it was Super Bowl Sunday, and the game wasRead MoreAnalysis Of Emotional Intelligence By Daniel Goleman1418 Words   |  6 Pages Synopsis Daniel Goleman, author of Emotional Intelligence, discusses the idea of intelligence being more than a matter of cognitive ability. In part one and two of the book, Goleman discusses how the brain processes emotions. In these chapters the author describes the cortex and the limbic system. Rationality is job of the cortex while the limbic system processes your emotions. He suggests that the emotional intelligence can be a learned skill. In the next chapter Daniel Goleman uses studiesRead MoreEmotional Intelligence, By John Mayer And Peter Salovey1445 Words   |  6 Pagesare many different definitions of what emotional intelligence is and exactly which components should be included to comprise it. The most basic model of emotional intelligence is the four branch model described by John Mayer and Peter Salovey in 1997. The key concepts included in the four branch model are: emotional intelligence is the ability to perceive emotions, to access and generate emotions so as to assist thought, to understand emotions and emotional meanings, and to reflectively regulateRead MoreEssay about Emotionally Intelligent Leadership1226 Words   |  5 Pages More recently, is the work of Daniel Goleman. Goleman defines emotional intelligence as a blend of Gardner’s interpersonal and intrapersonal intelligence. Goleman suggests â€Å"softer skills such as empathy, intuition, self and social awareness are what distinguish great leaders and successful companies†. These soft skills are found deep within ourselves and our minds. â€Å"The most primitive part of the brain, shared with all species that have more than a minimal nervous system, is the brainstream surroundingRead MoreOrganizational and Professional Development1519 Words   |  6 PagesIntroduction Social intelligence has been defined as the ability to understand and manage other people, and to engage in adaptive social interactions like making them to get along with you. Social intelligence entails a persons awareness to a situation and the social dynamics that accompany the situation and the knowledge of the strategies and interaction style, that, he/she can use to achieve the desired objective while dealing with others (Bob, 2008). Social intelligence has gained popularityRead MoreEmotional Intelligence : An Essential Quality For All Managers1371 Words   |  6 PagesDaniel Goleman born in Stockton, California, is an internationally known author, psychiatrist and science journalist. He has received several awards and published 15 books, mostly written about leadership. During this essay, we will focus on his writings about emotional intelligence. Emotional intelligence is the capacity to recognize your own, as well as other people’s emotions, to differentiate between feelings, and to use emotional information to guide thinking and behavior (Goleman, In WikipediaRead MoreSocial Communication Skills With Diverse Work Populations1452 Words   |  6 Pageswhen interacting with diverse work populations. It is also salient for these employees during times when personal, emotional, topics are being addressed. It has been my experience that having successful communication skills is a quality that is devel oped amongst leaders and not necessarily an inherent trait. My goal is to help a team of Human Resources low to mid level leaders to develop their social communication skills so that they may build deeper rapport with their subordinates. To successfully

Accounting Financial Analysis Report Analysis Liquidity Position

Question: Discuss About The Financial Report Analysis Liquidity Position? Answer: Introducation Current ratio The current ratio of Blackmores Limited is 1.53 for 2015 and 1.63 for 2016 which is more than the required rate of 1. It can be recognized from the above calculation that the liquidity position of the company for the year has been improved. The current ratio of any company is regarded as healthy if it is 1 or more than one. However, the ratio more than 2 indicates that the company is not utilising its working capital in efficient way (Morris and Shin 2016). Therefore, it can be said that the liquidity position of the company is good and they are in comfortable position to pay-off their current obligation comfortably. Acid test ratio It is calculated that the acid test ratio for Blackmores limited for the Year 2015 is 0.93 and that of 2016 is 1.30. The acid test ratio identifies whether the organization is capable of paying off its short-term obligations with the available short-term assets. Generally the acid test ratio of between the range of 0,20 to 0.50 is considered healthy (Noor and Lodhi 2015). It can be identified that the liquidity position of the company while the inventories are not considered is quite healthy. Though, the ratio of 2016 is quite better as compared to that of 2015, the acid test ratio of both the year is healthy. Financial advice to improve the overall liquidity position Reducing the overhead reducing the overhead of the company is one of the ways to improve the liquidity position (Zhu 2014). Operating expenses or overhead cost include various things that do not contribute to the profit. Some common overheads like insurance, utilities, rent, and professional fees can be reduced to improve the overall liquidity position. Analysis of capital structure ratio Proprietors ratio It can be seen that the proprietors ratio of Blackmores Limited is 42% for the year 2015 and 45% for the year 2016. The proprietors ratio of Blackmores Limited reveals that the shareholders contribution in the total capital of the organization. The low proprietary ratio like 40 - 50% is indicating that the company has strong position with regard to the finance and the creditors are highly secured. On the contrary, the higher ratio like more than 50% would have indicated that the company is highly dependent on the debts for its business operation (Zeitun and Tian 2014). Further, the bigger portion of debt in the capital decreases the interest of the creditors, increase the expenses towards interest and increase the risk related to bankruptcy. Generally, the ratio of 40% is considered as healthy for the organization. Therefore, it can be said that the proprietors ratio of the company is under control. Debt to total asset ratio Debt to total asset ratio of Blackmores Limited is 58% for the year 2015 and 55% for the year 2016. Normally, the ratio of 50 - 60% is indicating that the position of Blackmores is healthy for the organization to be viable in the long-run. It is the leverage ratio that calculates the amount of the total asset financed by the creditors rather than the investors. On other words, it is the ratio of asset that is financed through borrowing. Generally, it evaluates how the company is growing and acquiring the assets over the time (Robb and Robinson 2014). It can be seen that the Therefore, it can be said that the debt to total asset ratio of the company is as per requirement. Analysis of profitability position of the company Inventory turnover ratio the ratio of the company for 2015 as 0.95 and for 2016 0.69 is indicating that of the company is quite impressive as it is able sell 69% of its inventory within a year for 2016. From the above it is identified that the companys inventory turnover ratio is declined in 2016 as compared to that of 2015. However, the ratio of the company is quite impressive as it is able sell 69% of its inventory within a year for 2016. This ratio is the efficiency ratio and revels how effectively the company is managing its inventory through comparison of COGS with the average inventory for the specific period. This ratio is states the time which, the inventory is sold or turned into cash by Blackmores during the year. If the company purchases large amount of inventory it has to sale large amount of inventory to improve the inventory turnover ratio. However, if the company is not able to sell its inventories in timely manner, it will have to incur various costs like holding cos ts and storage costs. Return on invested capital However, from the table it is revealed that the OIC of the company is 23% in 2016 as compared to the 21% of 2015. Therefore, it can be said that the ROIC of the company has improved in 2016 as compared to 2015. This ratio is used for assessing the efficiency of the company with regard to the allocation of its capital for the profitable investment. ROIC reveals how the company is utilising its capital for generation of income (Ioannidis et al. 2014). However, whether the return is good or bad, it depends on the companys cost of capital. If the return is more than the cost of capital, it is regarded as good return and vice versa. Analysis of asset management efficiency position Receivable turnover ratio - From the above table it is identified that the receivable turnover ratio of the company has improved as compared to the year 2015 and for 2015 it was 4 times approximately and for 2016 it was 5 times approximately. It is measured to calculate the efficiency of a company with regard to extension of credit and collection of the dues. It is the activity ratio that states the efficiency of a company in utilization of its assets. a high ratio indicates that the company is making its sales mainly on cash and on the contrary a low ratio suggests that the company has poor collection procedures and an inefficient credit policy or the customers are going through bad financial condition (Tayeh, Al-Jarrah and Tarhini 2015). Fixed asset turnover ratio It can be identified from the above table that the ratio for the year 2016 is better as compared to 2015. A higher ratio indicates the better turnover position and higher level of efficiency. It is used by the financial analyst to measure the operating performance of the company and the ability of the company to create sales from the fixed asset like property, plant and equipment or investment (Robinson et al. 2015). Investment decision Looking at the performance of the company through various ratios for the year 2015 as well as 2016 it is concluded that the firm is a better one to invest in as the financial performance of the company is as per the industry standards and will definitely provide the investor with positive return. The reasons of investment are as follows Return on invested capital of the company is 21% and 23% respectively for 2015 and 2016. It indicates that the company will provide consistent return to the investors. The current ratio of the company is 1.63 and 1.53 respectively for the year 2015 and 2016. It indicates that the company is efficient and in better position to pay-off their short-term obligations efficiently and thereby expected that the investors will get their return on time. Reference Ioannidis, J.P., Greenland, S., Hlatky, M.A., Khoury, M.J., Macleod, M.R., Moher, D., Schulz, K.F. and Tibshirani, R., 2014. Increasing value and reducing waste in research design, conduct, and analysis. The Lancet, 383(9912), pp.166-175. Morris, S. and Shin, H.S., 2016. Illiquidity component of credit risk. International Economic Review, 57(4), pp.1135-1148. Noor, A. and Lodhi, S., 2015. Impact of Liquidity Ratio on Profitability: An Empirical Study of Automobile Sector in Karachi. International Journal of Scientific and Research Publications, p.639. Robb, A.M. and Robinson, D.T., 2014. The capital structure decisions of new firms. The Review of Financial Studies, 27(1), pp.153-179. Robinson, T.R., Henry, E., Pirie, W.L. and Broihahn, M.A., 2015. International financial statement analysis. John Wiley Sons. Tayeh, M., Al-Jarrah, I.M. and Tarhini, A., 2015. Accounting vs. market-based measures of firm performance related to information technology investments. Zeitun, R. and Tian, G.G., 2014. Capital structure and corporate performance: evidence from Jordan. Zhu, J., 2014. Quantitative models for performance evaluation and benchmarking: data envelopment analysis with spreadsheets (Vol. 213). Springer.