Emotional Intelligence and Agility: Catalysts for Entrepreneurial Resilience

Abstract

Purpose: This research aims to investigate the relationship between Emotional Intelligence (EI) and Emotional Agility (EA) among entrepreneurs, as well as to identify factors influencing these emotional competencies within the entrepreneurial domain. Research design, data and methodology: The study employs a mixed-methods approach, utilizing surveys, interviews, and behavioral observations to collect data from a sample of entrepreneurs. Quantitative data analysis techniques, including correlation analysis and factor analysis, are employed to examine the relationship between EI and EA and explore the underlying factors affecting these constructs. Additionally, Confirmatory Factor Analysis is utilized to validate the newly identified factors influencing emotional competencies among entrepreneurs. Results: The findings reveal a significant correlation between EI and EA among entrepreneurs, highlighting the interconnectedness of these emotional competencies in driving entrepreneurial success. Moreover, several new factors, including Leadership Effectiveness, Resilience, Emotional Resilience, Adaptability, Persuasive Resilience, and Emotional Awareness, are identified as influencing EI and EA within the entrepreneurial domain. Confirmatory Factor Analysis confirms the validity of these factors, further enhancing the robustness of the findings. Conclusions: This research emphasizes the importance of emotional intelligence and agility in entrepreneurship and broadens our understanding of the multifaceted factors influencing these constructs. The findings have significant implications for recruitment and selection processes, leadership development programs, performance management practices, organizational culture, and change management initiatives within entrepreneurial ventures. By incorporating these insights into managerial practices, organizations can foster a more resilient, adaptive, and emotionally intelligent workforce, ultimately enhancing organizational effectiveness and success in the dynamic entrepreneurial landscape.