Improved self-awareness can make you a better leader

Most leaders believe they know themselves much better than they actually do. That’s the problem with self-awareness —It has several benefits, but few people enjoy them.

Self-awareness has a more positive impact on your leadership ability than an MBA. Self-awareness is directly correlated with team performance, according to another study. A high level of self-awareness not only contributes to career success and effective leadership — it also improves your bottom line.

Yet self-awareness seems to be in short supply. A global study by the Hay Group showed that 19 percent of women executives demonstrated self-awareness, compared to 4 percent of their male counterparts.

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