[Fiware-general-help] The power of empathy for your business growth!

EDD office at edd.team
Wed Mar 6 11:29:14 CET 2024


Why empathy is crucial for YOUR SUCCESS!

In our series "21 Founder traits that promote success", this time it's all about EMPATHY. The ability to put yourself in other people's shoes significantly increases your chances of success. Read here today why empathy is an absolute “must have” and how you can benefit from it in terms of entrepreneurship.

I wish you new insights and stay curious.

Thomas Stranig

CEO

TRAIT 1.06

EMOTIONAL MATURITY & RESILIENCE

Empathy

describes the ability to perceive emotional states and needs.

Empathy is considered the fundamental principle of human interaction. Anyone who is able to empathize with the perception and experience of others recognizes their needs - and can integrate this knowledge into the development of products and (customer) relationships.

Components according to Howard Gardner and Thomas Hatch:
* Transfer the own mood regarding feasibility and enthusiasm to others (leadership)
* Negotiating and mediating solutions, preventing or resolving conflicts
* Making personal connections
* Perceiving and understanding the feelings, motives and concerns of others (social analysis)

In the early days, entrepreneurial teams spend between 30 and 50 percent of their working hours on communication. The way in which „relational capital“ is created and maintained through personal ex-change therefore has a significant influence on the further course. Internally, a high degree of empathy is reflected in a cooperative and appreciative corporate culture as well as the ability to win employees over and to bind them emotionally.

Continue reading and increase your chances of business success! 👇🏻
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