In: Economics
The Concept of Narcissistic Leaders are mainly coined with the Behavioural Economics. It has the interrelationship with the individual behavioural patten. And also Behavioural Economics was also has its own interdependency with the Psycological Concept.
The Decision-making task is an very important role in judging the quality of the Leadership in all firms. The leaders should have Good rational thinking and Reasoning knowledge to take important Decisions regarding any activiites which are related to Firm's Development. We cannot always witness the Good decision adopting by the Leaders. They also have the chance of making Errors in due course. People having less Reasoning and Rational Power of thinking will watch the Firms inability to move towards Prosperity and Growth in the Long run.
The indifferent behavioural pattern of the Leaders in the firm was termed as Narcissism. The leader should have the strong knowledge of factors affecting both Present and the Future predictions for the good running of the business. If the Leader divert this thinking from Normative and Rational to Selfish force neglecting common cause and always judging based his own comfort will fetch the disastrous effect in firms.
Finally we can conclude the quoting the relationship Narcissistic Leaders and the EI. EI is nothing but the Emotional Intelligence. When Managers in the firms uses their own analysis of positive outlook and the broader perspective it leads to the acquiring Emotional Intelligence. This EI concept was also used in Managerial Economics. The Managers always should have the Optimistic look of managing the critical situation and atlast converting into possiblility of solutions with the Positive Results.
Narcissistic Leaders will have the negative attitude which destroys the entire reputation of the firm by taking wrong decision. But if they try to think deeply think about their bad quality which hinders the firms development and try to correct those things, It may finally pictures the EI into their attitude and Morever helps them very morally to take decisions resulting in the full Development of the firms.