Self-awareness has been cited as the most important capability for leaders to develop, according to the authors of “How To Become a Better Leader,” which was published in the MIT Sloan Management Review. Successful leaders know where their natural inclinations lie and use this knowledge to boost those inclinations or compensate for them.
A study also found that self-awareness impacts companies’ bottom line.
In a study of the stock performance of 486 publicly traded companies, Korn/Ferry International found that companies with strong financial performance tend to have employees with higher levels of self-awareness than poorly performing companies.
Yet self-awareness seems to be in short supply among leaders. While women in executive-level management positions tend to exhibit more self-awareness than men in the same positions, the overall percentages suggest there is much opportunity for growth in this area. In a study of 17,000 individuals worldwide, the Hay Group Researchfound that 19 percent of women executives interviewed exhibited self-awareness as compared to 4 percent of their male counterparts. Here are some tips on how to be more self-aware:
The one constant factor in all your endeavors is you; understanding yourself is therefore paramount.
Dr. Travis Bradberry, author of Emotional Intelligence 2.0, describes self-awareness as one of the core components of emotional intelligence. He defines emotional intelligence as your ability to recognize and understand emotions in yourself and others, and your ability to use this awareness to manage your behavior and relationships.