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.
Psychological Capital
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About the Author
Fred Luthans is at University of Nebraska. Carolyn M. Youssef is at Bellevue University.
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2 of 2 people found the following review helpful:
5.0 out of 5 stars
Innovative approach,
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This review is from: Psychological Capital: Developing the Human Competitive Edge (Hardcover)
The concept of psychological capital was new to me until I found this book. I read all the material available on the Amazon's website and decided to buy it. The book arrived within the expected period and in excelent conditions. The application of concepts from positive psychology to the realm of work is not new, as studies on commitment, for instance, have shown. However, the combination of hope, optimism, self-efficacy and resilience makes the book special and applicable to several work-related contexts. It also allows some bridges between Psychology, Sociology and Economics, as psychological capital is an individual characteristic that changes the way in which one interacts with the resources (or lack of resources) in one's environment.
2 of 8 people found the following review helpful:
5.0 out of 5 stars
PsyCap,
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This review is from: Psychological Capital: Developing the Human Competitive Edge (Hardcover)
Extremely relevant and provides excellent insight into the impact of intangibles in management today.
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handbook ofprinciples, positive psychological capital management, ofpositive psychology, positive organizational behavior, authentic leadership development, organizational behavior constructs, positive development approach, positive psychological capacities, hopeful managers, organizational resiliency, hopeful employees, resiliency development, optimistic organization, career resiliency, flexible optimism, positive organizational scholarship, resiliency process, high impact leader, enhancing resiliency, relationship with performance, optimistic explanatory style, positive psychology movement, higher order capacities, positive constructs, method biases Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, American Psychological Association, Oxford University Press, American Psychologist, San Francisco, Academy of Management, Organizational Dynamics, Leadership Quarterly, Harvard Business Review, Personnel Psychology, Free Press, University of Nebraska-Lincoln, Harvard Business School Press, United States, Information Age, Psychological Bulletin, Administrative Science Quarterly, Gallup Leadership Institute, Psychological Reports, San Diego, The Blackwell, Basic Books, Journal of Clinical Psychology, Van Wyk, Academic Press New!
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handbook ofprinciples, positive psychological capital management, ofpositive psychology, positive organizational behavior, authentic leadership development, organizational behavior constructs, positive development approach, positive psychological capacities, hopeful managers, organizational resiliency, hopeful employees, resiliency development, optimistic organization, career resiliency, flexible optimism, positive organizational scholarship, resiliency process, high impact leader, enhancing resiliency, relationship with performance, optimistic explanatory style, positive psychology movement, higher order capacities, positive constructs, method biases Key Phrases - Capitalized Phrases (CAPs): (learn more)
New York, American Psychological Association, Oxford University Press, American Psychologist, San Francisco, Academy of Management, Organizational Dynamics, Leadership Quarterly, Harvard Business Review, Personnel Psychology, Free Press, University of Nebraska-Lincoln, Harvard Business School Press, United States, Information Age, Psychological Bulletin, Administrative Science Quarterly, Gallup Leadership Institute, Psychological Reports, San Diego, The Blackwell, Basic Books, Journal of Clinical Psychology, Van Wyk, Academic Press New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Surprise Me!
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