Page 69 - (DK) The Business Book
P. 69

LIGHTING THE FIRE 67
























        its staff and its bottom line, Google   is littered with examples of leaders   The best leaders accept that they
        knows that the best workplaces feel  who, blinded by success, leapt into   are not gods of management, and
        like playgrounds—places where    ill-conceived initiatives or made   that, in fact, occasionally being
        people can imagine and invent.   “bet-the-farm” decisions that    told “no” can be more important
                                         proved disastrous. “Deal fever”    than always hearing “yes.”
        Satisfaction and challenge       can mean that warning signs are
        Creating an organizational culture   ignored by leaders who feel they   Emotionally intelligent
        that embraces teamwork and       can do no wrong. Successful      Creating a culture where this kind
        encourages creativity helps      leaders, however, know that they   of challenge is the norm depends
        companies address the perennial   must fight against the illusion of   upon diversity. In companies
        question: “is money the motivator?”   invulnerability. They also realize   with employees from diverse
        Most find the answer is “no.” Higher   the dangers of wanting to be liked   backgrounds, where gender, race,
        pay might encourage an individual   or to conform. Great leaders know   and age are balanced, the different
        to take a new job, it might encourage  that they must guard against   perspectives mean decisions are
        people to move a little faster or to   groupthink and “yes-man”   more likely to be questioned.
        work a little harder, but people soon   mentalities in themselves and   Perhaps most importantly then,
        forget about the money and start to   others, because such approaches   and as recent research indicates,
        focus on other things—such as job   leave decisions unchallenged, and   the single most important trait for
        satisfaction, challenge, and respect   allow ill-judged projects to proceed   successful leaders is emotional
        from managers. Virgin Atlantic   without sufficient due diligence.   intelligence. In his bestselling book,
        airline, for example, is not known as                             Emotional Intelligence (1995), Daniel
        one of the highest payers, but is                                 Goleman describes five domains of
        regarded as a great place to work.                                Emotional Intelligence (EQ): knowing
           A strong organizational culture                                your emotions; managing them;
        is, therefore, essential to success.                              motivating yourself; recognizing
        Through tradition, history, and   Everyone experiences tough      and understanding other people’s
        structure, companies build a sense   times; it is a measure of your   emotions; and managing
        of identity—a unique personality   determination and dedication   relationships. Without EQ, a leader
        defined by the characteristic        how you deal with them.       can be technically brilliant and full
        rituals, beliefs, stories, meanings,   Lakshmi Mittal             of great ideas, but still ineffective.
        values, norms, and language that                                  This is because a sole trader may
                                             Indian entrepreneur (1950–)
        determine the way in which                                        be able to survive on intuition
        “things are done around here.”                                    alone, but as soon as someone
           Importantly for leaders,                                       else is employed, EQ becomes key.
        managing people also means                                        Lighting the fire means keeping
        managing oneself. Business history                                the sparks flying for everyone. ■
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