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A Really Strong Predictor of Success: Self Awareness (with Ways to Boost It)

A Really Strong Predictor of Success: Self Awareness (with Ways to Boost It)

Self awareness can be defined as having a clear understanding of your personality, including your beliefs, emotions, motivation, strengths and weaknesses.

A 2010 study by Green Peak Partners and Cornell’s School of Industrial and Labor Relations found that self awareness is a key and common characteristic of successful leaders. [1]

And research[2] by the Driehaus College of Business at De Paul University has also demonstrated that high self awareness leads to improved team performance.

Self Awareness Makes You Improve Much Faster Than the Others

“If I have lost confidence in myself, I have the universe against me.” – Ralicoph Waldo Emerson

Self awareness allows us to understand who we are, and how others see us. From this, we can determine how similar or different we are to other people.

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Individuals with high self awareness tend to live happier and more fulfilling lives. That’s because being self aware brings several powerful benefits, including:

  • Finding and expressing your authentic self.
  • Being proactive, instead of reactive.
  • Enjoying positive and harmonious interpersonal relationships.
  • Having deeper thoughts.
  • Revealing your true purpose.

One secret behind the magic of self awareness, is the fact that being self aware allows you to see your weaknesses. Once you know what they are, you can then act accordingly to fix them (where possible).

As an example, think back to a time when you achieved a major success in your life. Your confidence jumped off the scale, and suddenly, everything in your life began to look rosy. However, success was fleeting, and before long you were not only back where you started – but had lost your initial faith and confidence too.

Instead of seeing this as bad luck or personal failure, the better response would be to analyze exactly what happened.

What caused your success? What caused your failure? And what could you have done differently?

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By answering these questions, you’ll gain insight into your decision making and personality traits. Most importantly, you’ll be able to discover where you went wrong, and how you could avoid this next time around. This is how self awareness becomes a crucial partner in reaching your dreams and goals.

How to Increase Your Self Awareness

“Knowing others is intelligence; knowing yourself is true wisdom.” – Lao-Tze

Okay, you’ve now seen some of the ways that self awareness can boost your success in life. (And we’ve only scratched the surface of potential benefits.)

It’s now time to reveal several tips and techniques that will increase your self awareness.

Take a psychometric test: You’ll understand more about yourself

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Psychometric tests are ideal for raising your self awareness. The tests force you to think deeply about yourself, and how your react to different situations. Self reflection = Self awareness. Try this free, 100-question psychometric test offered by the University of Cambridge.

Keep a personal journal: It can reduce anxiety and depression at the same time

Writing a daily journal can be a great tool for increasing your self awareness. If your writing is honest and open, you’ll quickly discover things about yourself that you’d never previously realised. You’ll also begin to see how habits create your conditions. For self awareness purposes, your daily journal should (at the very least) list your biggest failures and greatest successes of the day. Science supports the effectiveness of journalism, with a recent Psychotherapy Research study[3] showing that writing a daily journal reduced anxiety and depression.

Learn to meditate: To clear your thoughts

If you’ve never tried meditating before, then you should definitely consider trying it, if you want to boost your self awareness. Meditation can help you to delve below the incessant chatter of your conscious mind, and instead, let you tap into the depths of your subconscious mind. As well as boosting your well-being and health, meditation can clear your thoughts, and help you to become more creative.[4]

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How to get started? There are plenty of books and videos that can teach you the basics of meditation. Alternatively, you’ll be sure to find mediation classes in your local area.

Ask for feedback: You’ll be amazed

Choose a close family member or friend who knows you well. Ask then to give you an honest appraisal of your actions, beliefs and motivations. You’ll be amazed (and possibly shocked!) at what you hear. In fact, it’s likely that you’ll gain a completely new perspective on yourself. Use this new knowledge to make positive changes that could increase your effectiveness and success in life.

Through boosting your self awareness, you’ll begin to see new, exciting opportunities for growth and success. You’ll also learn how others see you. This will help your interpersonal relationships – as well as your ability to read others.

Self awareness can help you predict the success of others. It can also help you predict your own success.

So, choose to follow in the footsteps of the highly-successful, and start developing your self awareness today.

Reference

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Craig J Todd

Freelance Writer helping businesses and people to thrive.

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The Productivity Paradox: What Is It And How Can We Move Beyond It?

The Productivity Paradox: What Is It And How Can We Move Beyond It?

It’s a depressing adage we’ve all heard time and time again: An increase in technology does not necessarily translate to an increase in productivity.

Put another way by Robert Solow, a Nobel laureate in economics,

“You can see the computer age everywhere but in the productivity statistics.”

In other words, just because our computers are getting faster, that doesn’t mean that that we will have an equivalent leap in productivity. In fact, the opposite may be true!

New York Times writer Matt Richel wrote in an article for the paper back in 2008 that stated, “Statistical and anecdotal evidence mounts that the same technology tools that have led to improvements in productivity can be counterproductive if overused.”

There’s a strange paradox when it comes to productivity. Rather than an exponential curve, our productivity will eventually reach a plateau, even with advances in technology.

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So what does that mean for our personal levels of productivity? And what does this mean for our economy as a whole? Here’s what you should know about the productivity paradox, its causes, and what possible solutions we may have to combat it.

What is the productivity paradox?

There is a discrepancy between the investment in IT growth and the national level of productivity and productive output. The term “productivity paradox” became popularized after being used in the title of a 1993 paper by MIT’s Erik Brynjolfsson, a Professor of Management at the MIT Sloan School of Management, and the Director of the MIT Center for Digital Business.

In his paper, Brynjolfsson argued that while there doesn’t seem to be a direct, measurable correlation between improvements in IT and improvements in output, this might be more of a reflection on how productive output is measured and tracked.[1]

He wrote in his conclusion:

“Intangibles such as better responsiveness to customers and increased coordination with suppliers do not always increase the amount or even intrinsic quality of output, but they do help make sure it arrives at the right time, at the right place, with the right attributes for each customer.

Just as managers look beyond “productivity” for some of the benefits of IT, so must researchers be prepared to look beyond conventional productivity measurement techniques.”

How do we measure productivity anyway?

And this brings up a good point. How exactly is productivity measured?

In the case of the US Bureau of Labor Statistics, productivity gain is measured as the percentage change in gross domestic product per hour of labor.

But other publications such as US Today, argue that this is not the best way to track productivity, and instead use something called Total Factor Productivity (TFP). According to US Today, TFP “examines revenue per employee after subtracting productivity improvements that result from increases in capital assets, under the assumption that an investment in modern plants, equipment and technology automatically improves productivity.”[2]

In other words, this method weighs productivity changes by how much improvement there is since the last time productivity stats were gathered.

But if we can’t even agree on the best way to track productivity, then how can we know for certain if we’ve entered the productivity paradox?

Possible causes of the productivity paradox

Brynjolfsson argued that there are four probable causes for the paradox:

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  • Mis-measurement – The gains are real but our current measures miss them.
  • Redistribution – There are private gains, but they come at the expense of other firms and individuals, leaving little net gain.
  • Time lags – The gains take a long time to show up.
  • Mismanagement – There are no gains because of the unusual difficulties in managing IT or information itself.

There seems to be some evidence to support the mis-measurement theory as shown above. Another promising candidate is the time lag, which is supported by the work of Paul David, an economist at Oxford University.

According to an article in The Economist, his research has shown that productivity growth did not accelerate until 40 years after the introduction of electric power in the early 1880s.[3] This was partly because it took until 1920 for at least half of American industrial machinery to be powered by electricity.”

Therefore, he argues, we won’t see major leaps in productivity until both the US and major global powers have all reached at least a 50% penetration rate for computer use. The US only hit that mark a decade ago, and many other countries are far behind that level of growth.

The paradox and the recession

The productivity paradox has another effect on the recession economy. According to Neil Irwin,[4]

“Sky-high productivity has meant that business output has barely declined, making it less necessary to hire back laid-off workers…businesses are producing only 3 percent fewer goods and services than they were at the end of 2007, yet Americans are working nearly 10 percent fewer hours because of a mix of layoffs and cutbacks in the workweek.”

This means that more and more companies are trying to do less with more, and that means squeezing two or three people’s worth of work from a single employee in some cases.

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According to Irwin, “workers, frightened for their job security, squeezed more productivity out of every hour [in 2010].”

Looking forward

A recent article on Slate puts it all into perspective with one succinct observation:

“Perhaps the Internet is just not as revolutionary as we think it is. Sure, people might derive endless pleasure from it—its tendency to improve people’s quality of life is undeniable. And sure, it might have revolutionized how we find, buy, and sell goods and services. But that still does not necessarily mean it is as transformative of an economy as, say, railroads were.”

Still, Brynjolfsson argues that mismeasurement of productivity can really skew the results of people studying the paradox, perhaps more than any other factor.

“Because you and I stopped buying CDs, the music industry has shrunk, according to revenues and GDP. But we’re not listening to less music. There’s more music consumed than before.

On paper, the way GDP is calculated, the music industry is disappearing, but in reality it’s not disappearing. It is disappearing in revenue. It is not disappearing in terms of what you should care about, which is music.”

Perhaps the paradox isn’t a death sentence for our productivity after all. Only time (and perhaps improved measuring techniques) will tell.

Featured photo credit: Pexels via pexels.com

Reference

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