Emotional Quotient (EQ) and Intelligent Quotient (IQ) are both important factors for success. EQ refers to one's ability to recognize and manage emotions in oneself and others, while IQ measures one's cognitive and problem-solving abilities. EQ involves self-awareness, self-regulation, motivation, empathy, and social skills. People with high EQ are better able to handle stress and maintain positive relationships, which can lead to greater success, unlike IQ which does not necessarily guarantee real-world application. Developing strong EQ skills is important for effective communication and navigation of social and work situations.