Loving Your Way to 1,026% Returns
After the greed of the 80’s, a new approach came to business and companies began looking to sustainability versus quick results. In 1995 Daniel Goleman helped develop the concept of Emotional Intelligence and demonstrated the critical importance of Self-Awareness, Self-Management, Social Awarenss and Relationship Management and how they add to business results. In 2001 Jim Collins indentified deep personal humility and intense professional will as distinguishing characteristics of successful business leaders.
Lucira Jane Nebelung in People & Strategy journal has found that effective leaders generate relationships and connections that result in creating, change and organizational success. Organizations are essentially structured relationships and the “resonance” described in “primal leadership” (Goleman, Boyatzis, and McKee, 2001) is actually an intention of “love.” Love? I thought we were talking about business? But wait – love can be profitable – stay with me! Love is defined here as a leader wanting the best for all employees, shareholders, customers, community, the environment, and society.
A radical leader also has a clear intent to their actions – firmly connecting the inner state with external behaviors “walking the talk” and takes actions to achieve the well-being of all. In Firms of Endearment, Sisodia, Wolfe, and Sheth prove the business value of those who strive for this well-being by finding a cumulative 10-year return of 1,026% in the 28 companies they studied; versus the 331% return in the 11 companies in Collins’ Good to Great and 122% for the S&P.
Are you feeling the love yet?