Psychological Capital
Developing the Human Competitive Edge
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Product details:
- Publisher OUP USA
- Date of Publication 21 September 2006
- ISBN 9780195187526
- Binding Hardback
- No. of pages256 pages
- Size 240x162x17 mm
- Weight 524 g
- Language English
- Illustrations 1 line illus. 0
Categories
Short description:
Going beyond human and social capital, this seminal book unveils a new resource for competitive advantage, psychological capital (or PsyCap), a result of the confluence of the positive psychology movement and the authors' pioneering work on positive organizational behavior. The positive constructs that meet the scientific requirements to be included in PsyCap are efficacy, hope, optimism, and resiliency. These and other potential PsyCap strengths are presented in
Psychological Capital, along with research demonstrating the performance impact of PsyCap, and methods of measuring and developing PsyCap.
Long description:
Although there are as many answers to the question of how organizations can gain competitive advantage in today's global economy as there are books and experts, one lesson seems very clear: traditional answers and resources are no longer sufficient. This seminal book offers not only an answer regarding how to gain competitive advantage through people, but also a brand new, untapped human resource?psychological capital, or simply PsyCap. Generated from both the
positive psychology movement and the authors' pioneering work on positive organizational behavior, PsyCap goes beyond traditionally recognized human and social capital. But PsyCap is not a vague or unscientific concept: to be included in PsyCap, a given positive construct must be based on theory,
research, and valid measurement, must be open to development, and must have measurable performance impact. The positive constructs that have been determined to best meet these PsyCap criteria, efficacy (confidence), hope, optimism, and resiliency, are covered in separate chapters in Psychological Capital. After exploring other potential positive constructs such as creativity, wisdom, well being, flow, humor, gratitude, forgiveness, emotional intelligence, spirituality, authenticity, and
courage, the authors summarize the research demonstrating the performance impact of PsyCap. They go on to provide the PsyCap Questionnaire (PCQ) as a measurement tool, and the PsyCap Intervention (PCI) as a development aid. Utility analysis indicates that investing in the development of PsyCap as
presented in this book can result in a very substantial return. In total, Psychological Capital provides theory, research, measurements, and methods of application for the new resource of psychological capital, a resource that can be developed and sustained for competitive advantage.
