When people think of success — whether business success or personal success — most usually think first of the logical factors involved. These include financial literacy, marketing skills, or management abilities.
When my first business book, ALL Business is Show Business, was released twenty years ago, my assertion that there was a significant element required for success that was almost always overlooked was met with considerable criticism.
The missing factor is EMOTION.
My point in my book was that just as a movie or television episode attempts to make you laugh, cry, become angry, or scared, emotion plays a crucial role in all fields of business, as well! Being able to understand how other people feel and being astute at influencing emotion are essential aspects of success in every field.
While intellect is critical when considering what makes a successful company or career, it’s still only half the picture. The rest of the picture involves understanding human emotion and communicating with other people — both customers and employees — on their emotional level, rather than just their intellectual level.
An old proverb says, “the hand that rules the mind also rules the world.”
Emotion often determines how people think, what they do or don’t do, and why they act in a certain way. Because emotion plays such a critical role in success, a mastery of the basic techniques of emotion management is crucial to business success. The real key to understanding emotion is recognizing its effect on the customer or employee decision-making process.
You’ll obviously become more successful if you can motivate other people to take action — whether it’s buying your product or becoming more productive as employees.
This past week, Dr. Sigal Barsade passed away at the young age of just 56. As the New York Times reported, “Dr. Barsade, a professor of management at the Wharton School, the business school of the University of Pennsylvania, was a pioneer in what organizational psychologists call the affective revolution: the study of how emotions, not just behavior and decision-making, shape a workplace culture, and in turn how they affect an organization’s performance.”
If emotion is effectively used, it greatly benefits the bottom line of any company.
As the Times article also reported,” ‘For a long time, emotions were viewed as noise, a nuisance, something to be ignored,’ Barsade told MIT Sloan Management Review in 2020. ‘But one thing we now know after more than a quarter-century of research is that emotions are not noise — rather, they are data. They reveal not just how people feel, but also what they think and how they will behave.'”
This is a crucial realization. Successful businesspeople look at emotion as a source of insight and realize that emotion can be influenced and leveraged positively, like every other resource in the workplace.
In summary:
- Being able to understand how other people feel and being astute at influencing emotion are both indispensable aspects of success in every field.
- You’ll obviously become more successful if you can motivate other people to take action — whether it’s buying your product or becoming more productive as employees.
- Emotion often determines how people think, what they do or don’t do, and why they act in a certain way.
- Using emotion effectively greatly benefits the bottom line of any company.
- Emotion is not noise — instead, it is data. It reveals how people feel, what they think, and how they behave.
