For the past two weeks I have been writing about emotional intelligence and its role in family business. From the many responses I have received, it is clear that this topic has struck a chord with readers.
This week I want to briefly show the value of applying emotional intelligence assessment within a family business. The case is presented by author Ernesto Poza in the 4th Edition of “Family Business,” published by South Western Cengage Learning. I use this text in my Family Business Management class in the Zicklin School of Business at Baruch College, City University of New York.
Poza writes about a family with challenging dynamics. They wished to create an environment of engaged conversation while ensuring all stakeholders were sufficiently respected. Following an assessment of the family’s facility for emotional intelligence they developed a Family Rules of Conduct. The rules they agreed to were:
- Focus on the future, not the past.
- Be a good listener.
- Put yourself in the other’s shoes.
- Stay focused on principles, not personalities.
- Make “I” not “You” statements.
- Say “Got it” whenever speech-making blocks progress.
- Disagreements are okay, as long as we are committed to arriving at an improved final decision.
What do these rules tell you about the family’s overall level of emotional intelligence?
Do you think the application of emotional-intelligence assessment tools was useful in this case?