THE RISING RATE OF LEADERSHIP FAILURES.
According to Challenger, Gray & Christmas, Inc., the number of CEO departures in the United States, which had been steadily declining since its peak in 2008, are now on the rise again. Turnover among the nation's chief executive officers was virtually unchanged in January 2015, as 110 CEOs announced their departures during the month, up from 107 in December 2014. The January 2015 total was 16 percent lower than the same month a year ago, when CEO departures reached a four-year high of 131. The costs of a failed leadership assignment are huge and go well beyond the direct cash costs incurred by companies. The world has changed, and so have the risks, costs, and likelihood of leadership failures. Changes have also occurred in the expectations for deliverables, timetables for achievement, and the complexities associated with virtually every aspect of leaders' jobs. The traditional selection process used for selecting leaders has not, however, changed significantly to keep pace.
EMOTIONAL INTELLIGENCE IS KEY TO EFFECTIVE LEADERSHIP.
While the qualities associated with leadership, such as intelligence, toughness, determination, and vision are traditionally required for success, they are insufficient. What distinguishes great leaders from good ones isn't IQ or technical skills, it is a high degree of emotional intelligence, which includes self-awareness, self-regulation, motivation, empathy and social skill. Possessing these five skills will enable leaders to maximize their own and their team's performance. The screenshot below explains the hallmarks associated with emotional intelligence.
SIX STYLES OF LEADERSHIP.
Daniel Goleman, in his book, Primal Leadership, found that leaders use six styles. Each springs from different components of emotional intelligence. Below is a summary of the styles, their origin, when they work best, and their impact on the organization's climate and its performance.
