EQ, IQ & GQ, all important in business: Aman Gupta on BluSmart crisis
In the world of business, success is often measured by one’s intelligence quotient (IQ) and the ability to make quick decisions. However, there is another crucial aspect that is often overlooked: emotional intelligence quotient (EQ) and governance quotient (GQ). Recently, entrepreneur Aman Gupta took to social media to share a valuable lesson he learned from the crisis faced by his company, BluSmart. In a post that went viral, Gupta emphasized the importance of EQ, IQ, and GQ in business, and how they can make all the difference between success and failure.
For those who may not be familiar, BluSmart is a popular electric bike-sharing service that was founded by Aman Gupta and Anand Shah in 2017. The company has been making waves in the industry with its innovative approach to sustainable transportation. However, as Gupta’s recent post revealed, even the most successful businesses can face unexpected challenges. In his post, Gupta described the BluSmart situation as “tough,” and acknowledged that it was a “reality check” for the entire ecosystem.
So, what exactly did Gupta mean by EQ, IQ, and GQ? And how do these concepts relate to the crisis faced by BluSmart? To understand the importance of these quotients, let’s first break down what each one entails.
IQ: The Intelligent Quotient
Intelligence quotient, or IQ, refers to an individual’s cognitive abilities, such as problem-solving, reasoning, and memory. In the context of business, IQ is often seen as the key to success. Entrepreneurs who are highly intelligent are able to make informed decisions, anticipate challenges, and adapt quickly to changing circumstances. In other words, IQ provides the foundation for strategic thinking and decision-making.
EQ: The Emotional Quotient
Emotional intelligence quotient, or EQ, is the ability to recognize and manage one’s emotions, as well as empathize with others. In the business world, EQ is critical for building strong relationships, communicating effectively, and making informed decisions. Entrepreneurs with high EQ are better equipped to handle conflict, negotiate with partners, and lead their teams.
GQ: The Governance Quotient
Governance quotient, or GQ, refers to an individual’s ability to make decisions that align with the company’s values and mission. In other words, GQ is about accountability, transparency, and ethics. Entrepreneurs with high GQ understand the importance of compliance, risk management, and corporate social responsibility.
The Importance of EQ, IQ, and GQ
So, why are EQ, IQ, and GQ so important in business? According to Gupta, each of these quotients plays a crucial role in ensuring the success of a company.
For starters, IQ provides the foundation for strategic thinking and decision-making. Entrepreneurs with high IQ are able to analyze complex data, identify opportunities, and make informed decisions. However, IQ alone is not enough. EQ is also essential for building strong relationships, communicating effectively, and managing conflict. Without EQ, entrepreneurs may struggle to connect with their team members, customers, and partners.
GQ, on the other hand, is critical for ensuring that the company is operating ethically and responsibly. Entrepreneurs with high GQ understand the importance of compliance, risk management, and corporate social responsibility. They are able to make decisions that align with the company’s values and mission, and are accountable for their actions.
The BluSmart Crisis: A Lesson in EQ, IQ, and GQ
So, what happened at BluSmart that led Gupta to emphasize the importance of EQ, IQ, and GQ? Unfortunately, the company faced a crisis that threatened its very existence. According to Gupta’s post, the crisis was a “tough” one, and required the company to make some difficult decisions.
However, rather than dwelling on the negative, Gupta used the crisis as an opportunity to reflect on the importance of EQ, IQ, and GQ. He emphasized that compliance and ethics are not just “boxes to tick,” but rather the foundation of any successful business. In other words, entrepreneurs must prioritize these values in order to build a sustainable and responsible business.
Conclusion
In conclusion, EQ, IQ, and GQ are all important in business. IQ provides the foundation for strategic thinking and decision-making, EQ is essential for building strong relationships and managing conflict, and GQ ensures that the company is operating ethically and responsibly. Aman Gupta’s recent post on social media serves as a valuable reminder of the importance of these quotients, and the need for entrepreneurs to prioritize compliance and ethics in their business.
By embracing EQ, IQ, and GQ, entrepreneurs can build a successful and sustainable business that values ethics, accountability, and responsibility. As Gupta so eloquently put it, “EQ, IQ & GQ sab important hote hai” (EQ, IQ & GQ, all are important).
