Leadership is about People. The different skill-sets a Leader needs is a combination of hard and soft skills. The hard skills is about managing the processes and tasks of the business. The soft skills is about leading and caring about the people of a business. A skilled Leader needs to master both to be effective.
We're going to introduce some abbreviations that all Entrepreneurs and Founders should know. Some of you may already know a few of them and a rare few will know what all of them are and how to effectively use them. The abbreviations are IQ, EQ, and LQ. A brief explanation is introduced below:
Intelligence Quotient (IQ): Measure of intelligence fully rooted in the mind. IQ is usually set and can't be developed. This is the quotient most people are aware about.
Emotional Quotient (EQ): Measure of one’s ability to understand the motivations and feelings of others and to be guided by this knowledge in our interactions with them. This can be developed unlike IQ.
Love Quotient (LQ): Measure of intelligence of the heart. It is one’s ability to be kind and compassionate to self and others. The development of LQ is sometimes more important than IQ or EQ in leading people.
We will show the value of LQ through a quote. This quote from a business mentor, "People don't care how much you know until they know how much you care." This is the essence of LQ and the best thing about LQ is that it can be developed by anyone. An individual can have a low IQ or a low EQ but can still learn to love themselves and in turn to be more kind and loving to others. We all know of that one person in our lives, who is not book smart (IQ), or street smart (EQ) but has a heart of gold (LQ). A big advocate for LQ in business and leadership is Jack Ma. Jack Ma is the co-founder and former executive chairman of Alibaba Group. He said, "If you want to be respected, you need LQ."
So the bottom line question for leadership is this. Would you rather have a high IQ, EQ, or LQ?
Let us know on our forum or on our Twitter feed.
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