MIT recently conducted a series of studies to determine what makes a great team. Using hundreds of test subjects who were put into groups, these studies analyzed the results of both in-person and online tasks. Teams that earned the highest marks had these three distinct characteristics:

1. All members contributed to the team's discussions (rather than letting one or two people steer the ship).

2. Teammates scored higher on a test called "Reading the Mind in the Eyes," which measures how well one can read emotion in the face.

3. Teams with more women scored higher, due to their ability to "mind-read" more effectively.

What do all of these factors have in common? They all have to do with communication and emotional intelligence.

Along those same lines, a study conducted in December 2014 showed that women CEOs achieve higher results than their male counterparts in companies of more than 1,000 employees. This particular survey indicated that women leaders average about 18 percent higher revenue per employee in these larger companies.

Again, much of the basis for these astounding numbers was the CEO's emotional intelligence and the value they put on communication. Women-owned companies seem to put more value on generating a strong online presence, consistently gaining press, and taking advantage of large-scale events.

Emotional intelligence has become one of the most sought-after qualities in business. HR directors look for that characteristic in new hires. Talented employees judge their bosses on whether they're emotionally intelligent. And most recently, companies like MergeLane are getting wise to the fact that emotional intelligence equals higher revenue and have begun investing in women-owned businesses for that very reason.

It seems like every other week we are seeing more compelling evidence that emotional intelligence is king (or queen, whatever the case may be!). Good reason to keep your EQ as sharp as your IQ. Looks like you might be needing it more!