In today's fast-paced business landscape, the ability to lead high-performing teams is more crucial than ever. In a recent episode of The High-Performance Leader Podcast, I had the pleasure of discussing the intricacies of team effectiveness with Faris Aranki - Strategy and Emotional Intelligence , from Shiageto Consulting. Faris has not only got some great insights to share about building effective teams but has also patented a formula, the IQ-EQ-FQ equation, to streamline the process.
Key Takeaways from the Podcast:
1. The IQ-EQ-FQ Equation:
Faris introduced a revolutionary equation, IQ times EQ times FQ, as the cornerstone of strategic success. This formula encapsulates the three vital elements of team effectiveness – Intelligence Quotient (IQ), Emotional Quotient (EQ), and Focus Quotient (FQ).
2. IQ: Generating Quality Ideas:
IQ emphasizes the importance of generating a multitude of ideas before settling on a strategy. The more diverse and numerous the ideas, the higher the likelihood of developing a robust and innovative approach.
3. EQ: Engaging and Communicating Effectively:
EQ comes into play when engaging with the team. Faris stressed the significance of involving team members in the decision-making process, fostering a collaborative environment that promotes idea dissemination and buy-in.
4. FQ: Strategic Focus:
FQ focuses on maintaining strategic focus by limiting competing priorities. Faris highlighted the need to avoid spreading resources too thin and instead concentrate efforts on a select number of initiatives to ensure successful execution.
It made me wonder how many leaders are putting all of their effort into one or two segments but missing the third? I often encounter leaders who are extremely focussed on being the smartest (highest IQ) person in the room, but are missing out on the opportunities from the parts of the equation. Or the leader who is entirely focussed on looking out for their people - mothering and coddling them, but not delivering results.
Applying the Insights for High-Performance Leadership:
The overarching theme is the need to involve more people in the decision-making process. Whether it's generating ideas, communicating strategies, or prioritizing initiatives, inclusivity enhances team effectiveness. Leaders should actively seek input from diverse perspectives within their teams.
To boost EQ, leaders must prioritize open communication and active engagement. Regular team meetings, feedback sessions, and inclusive decision-making contribute to a culture where ideas flow freely and everyone feels heard.
FQ underscores the importance of strategic prioritization. Leaders should critically assess competing priorities, streamline initiatives, and allocate resources judiciously. Focusing on a select number of key initiatives allows for more effective execution.
Faris Aranki's IQ-EQ-FQ equation serves as a powerful tool for leaders aiming to enhance team effectiveness. By embracing inclusivity, fostering open communication, and strategically prioritizing initiatives, high-performance leaders can navigate the complexities of today's business landscape and drive success.
For a deeper dive into Faris's insights and our discussion, tune in to The High-Performance Leader Podcast episode #34 featuring Faris Aranki.
#Leadership #TeamEffectiveness #HighPerformance #StrategicSuccess #TheHighPerformanceLeaderPodcast
FAQs
The IQ-EQ-FQ Equation: Faris introduced a revolutionary equation, IQ times EQ times FQ, as the cornerstone of strategic success. This formula encapsulates the three vital elements of team effectiveness – Intelligence Quotient (IQ), Emotional Quotient (EQ), and Focus Quotient (FQ).
What are the 7 C's of team effectiveness? ›
Mastering the 7C's of effective team performance is essential for achieving exceptional results. By prioritizing clarity, capability, collaboration, communication, commitment, creativity, and continuous improvement, teams can unlock their full potential.
How to evaluate team effectiveness? ›
The team can be measured on its work results or products. These types of measures could include: the number of cases completed; the use, acceptance, and understandability of the team's final report; the number of customer requests for the team's report; the subscription rate of the team's newsletter.
What is Hackman's model of team effectiveness? ›
The Hackman model is a theory of team effectiveness that proposes that there are three essential conditions for a team to perform well: a compelling direction, a strong structure, and a supportive context.
How do you promote team effectiveness? ›
Boost team effectiveness in the workplace in 7 steps
- Create teams with a compatible mindset.
- Observe how your team works together.
- Consolidate and clarify expectations around workloads.
- Construct replicable processes.
- Don't micromanage.
- Maintain open communication lines.
- Acknowledge the significance of your team's efforts.
Here are six conditions to creating an effective team:
- Compelling direction. Effective teams must have a compelling purpose that is challenging and focuses on the ends to be achieved rather than just the means to pursue it. ...
- Enabling structure. ...
- Supportive context. ...
- Shared mindset. ...
- Real team. ...
- Competent coaching.
10 Key Elements of Teamwork
- Communicate openly and transparently. ...
- Establish a clear organisational purpose. ...
- Set concrete team goals. ...
- Promote ownership and accountability. ...
- Delegate tasks based on strengths. ...
- Promote efficiency and avoid micromanagement. ...
- Support employees in building team cohesion.
1. The IQ-EQ-FQ Equation: Faris introduced a revolutionary equation, IQ times EQ times FQ, as the cornerstone of strategic success. This formula encapsulates the three vital elements of team effectiveness – Intelligence Quotient (IQ), Emotional Quotient (EQ), and Focus Quotient (FQ).
How do you measure teamwork success? ›
To measure its success, set clear goals that are specific, measurable, achievable, relevant, and time-bound. Make sure everyone in the team understands and agrees on these goals, and regularly check progress to see how well the team is working together to reach them.
What is the T7 model of team effectiveness? ›
The T7 Model of Team Effectiveness takes a thorough and holistic approach to teamwork. Best used for large groups, the model assesses team members on their behavior and skills and measures the team itself against cohesion and performance goals.
Team effectiveness is all about creating an empowering and satisfying work environment. It involves a group of individuals who work together to achieve a shared goal established by an authority, a team or team members.
What is the Google model of team effectiveness? ›
The Google Model
A team's effectiveness is less about who is on the team and more about how the team members interact, structure their work, and view their contributions. They identified five key dynamics for a successful team: Psychological safety – Feeling able to take risks without feeling insecure or embarrassed.
How can we evaluate team effectiveness? ›
- Create Objectives. In order to build effectiveness out the gate, you need to know the merits and output of each individual on the team. ...
- Measure Productivity. ...
- Observe Group Dynamics. ...
- Measure Employee Satisfaction. ...
- Meet One on One with Team Members. ...
- Review Customer Feedback.
Lack of communication is a major reason why teams might underperform. Without effective communication, it's unlikely that people will understand the tasks they are expected to do. At best, this confusion will lead to delays in getting projects done.
What are the 7 C's of effectiveness? ›
The 7 Cs stand for: clear, concise, concrete, correct, coherent, complete, and courteous. Though there are a few variations. You can use the 7 Cs as a checklist in your written and spoken messages. Follow our examples to learn how!
What are the C's of a team? ›
Effective teamwork not only enhances productivity, but it also increases employee engagement and job satisfaction. To build a strong team, you must focus on the five C's of teamwork: Communication, Camaraderie, Commitment, Confidence, and Coachability.
What is the 7C approach to team building? ›
In this article, I will explore the 7'C approach to building a winning team: Coaching, Character, Communication, Commitment, Contagious Energy, Caring, and Consistency. These fundamental aspects of leadership can help foster a positive and high-performing team environment.
What are the 7 C's of success? ›
By following a simple yet powerful framework, you can cultivate the mindset, habits, and actions necessary to achieve your goals and fulfill your potential. One such framework is the "7 Cs of Success," which includes clarity, competence, constraints, concentration, creativity, courage, and continuous learning.
