“Better self awareness could lead to better individual performance.”
Well, depending on how effectively the individual harnesses that insight, I agree that it is certainly a possible outcome.
Current research now brings that statement one step further, by pointing to statistics that co-relate better individual self awareness to better organisational performance as well.
In a recent Korn Ferry whitepaper published late last year, researchers highlighted that high levels of self-awareness, long acknowledged as contributing to individual effectiveness and good leadership, also correlated with corporate performance.
In fact, the analysis demonstrated that, on average:
• Poorly performing companies’ employees had 20 percent more blind spots than those working at financially strong companies.
• Poor-performing companies’ employees were 79 percent more likely to have low overall self-awareness than those at firms with robust ROR.
The main premise of the research is based on a series of self-assessment results, using the Korn Ferry Leadership ProSpective Assessment, where individuals rated themselves on a list of behavioural leadership characteristics.
From this data, researchers found that 79% of those evaluated had at least one “blind spot” — a skill that an employee counted among his or her strengths when coworkers cited that same skill as one of his or her weaknesses.
Korn Ferry considered people exhibiting three or more blind spots to have low self-awareness.
The good news?
Self awareness can be developed through fostering a HEALTHY culture of feedback and coaching.
I stress the word ‘healthy’ as non-constructive and overly critical feedback that fails to focus on positive momentum forward does nothing for anyone’s confidence, let alone the move to self awareness.
There is nothing worse than hearing the words “Would you mind if I gave you some feedback?”, when the speaker really means to say, “Would you mind if I gave you some negative feedback, wrapped in the guise of constructive criticism, whether you want it or not?”
Stomach lurching blow to the guts anyone?