Why is an understanding of Emotional Intelligence essential for Essay

Why is an understanding of Emotional Intelligence essential for practicing managers - Essay Example Much of the debate in today’s corporate world is surrounding the question whether academic excellence and technical training alone are sufficient in building up an efficient manager. The newly evolved concept of Emotional Intelligence has posed a serious threat to the traditional idea of Intelligence Quotient as a yardstick of measuring managerial excellence. This essay serves to comprehensively explore the concept of Emotional Intelligence and critically analyse its significance in the life of practicing managers. Emotional Intelligence refers to the capacity of an individual to recognize, evaluate and regulate his own emotions and the emotions of others. The first comprehensive usage of the term is attributed to Wayne Payne in his thesis A Study of Emotion: Developing Emotional Intelligence  (1985). Before and after Payne, many other scholars like Beldoch, Leuner, Greenspan, Peter Salovey and John Mayer had mentioned the term in their works. However the term Emotional Inte lligence received wide acceptance and recognition in the year 1995 after the publication of Daniel Goleman’s work Emotional Intelligence - Why it can matter more than IQ. The term received reinforcement through Goleman’s further publications on the same theme.... The Ability Theory, put forward by Salovey and Mayer, presents the idea of a new kind of intelligence. The theory defines Emotional Intelligence as- "The ability to perceive emotion, integrate emotion to facilitate thought, understand emotions and to regulate emotions to promote personal growth." It considers emotions as a source of information that helps a person to comprehend and steer through his social environment. According to this theory, Emotional Intelligence is a collection of four types of abilities- perceiving, using, understanding and managing emotions. (Salovey, 2005). The Trait Theory propounded by British psychologist K.V. Petrides defines Emotional Intelligence on the basis of an individual’s self-perception about his emotional abilities. As per this theory, Emotional Intelligence is "a constellation of emotional self-perceptions located at the lower levels of personality." It is based on four prime tenets- well-being, self-control, emotionality and sociability . (Petrides, 2007; Leutner, 2011). In contrast to the ability and trait theories, it is the Mixed Theory that offers a more comprehensive overview of the concept of Emotional Intelligence. The theory was proposed by Daniel Goleman in his work What Makes A Leader. He treats Emotional Intelligence as a set of skills and competencies that initiates leadership. Emotional Competencies are not inherent talents but learned abilities that must be worked upon. Or in other words, people may possess innate Emotional Intelligence, but they have to acquire Emotional Competency through their own efforts. Goleman outlines five major parameters which constitute Emotional Intelligence, which are

ROTERDAM RULES Essay Example | Topics and Well Written Essays - 3000 words

ROTERDAM RULES - Essay Example With different countries following their own choicest laws to protect and further their own commercial interests, global sea trade has been thrown into a quagmire of anarchy and gross malpractices which need to be thoroughly cleansed before accountability and responsibility fixtures are made. While the shipper and the ship owners had added responsibilities under the new Rules, it is also envisaged to introduce modern communication and technological innovations including e-commerce documentation, have sound laws for container movements and also bring in new laws and conventions that could fill the gaps left in the previous Shipping rules, especially with regard to Deck Cargo and balancing of risks and responsibility among the various players in the sea trade. It is widely believed that with more and more countries signing up for the Rotterdam Rules, it would fulfil its role as a precursor of robust and rule based transportation of Carriage of Goods Wholly or Partly by Sea. â€Å"The Rotterdam Rules are the direct and natural result of the deregulation and reforms that have been a boon to shippers, allowing for the flexibility and customized transportation central to any efficient supply chain.† (Rotterdam Rules, 2009). The reason for the replacement was that the old versions did not included criteria for the carriage of goods in containers and transferring electronic data. This was the main reason that made the court of law to reinvent the old versions of law. The Rotterdam rules clearly states the responsibility and accountability in certain situations where the container are stolen or if any damages happen to the ship. The other parties who are involved in the chain are also liable for the loss that happens while the goods are carried through sea. All these conditions were not included in the Hague rules and the Hague-Visby rules and the Hamburg rules. â€Å"The Ordinance of Rotterdam of 1721 declared that the owners should not