Psychological Capital
Psychological capital is a crucial concept that encompasses hope, self-efficacy, resilience, and optimism. Organizations often struggle not due to a lack of talent or strategy, but because of psychological depletion among their members. Addressing this issue requires a focus on both individual and systemic dynamics to foster a productive organizational energy.
- ▪Psychological capital consists of four components: hope, self-efficacy, resilience, and optimism.
- ▪Many organizations are underperforming due to psychological depletion rather than a lack of talent or strategy.
- ▪The Executive Fire Index (EFI) is a tool used to measure psychological capital over time.
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try { if(localStorage) { let currentUser = localStorage.getItem('current_user'); if (currentUser) { currentUser = JSON.parse(currentUser); if (currentUser.id === 922032) { document.getElementById('article-show-container').classList.add('current-user-is-article-author'); } } } } catch (e) { console.error(e); } Grace G. Posted on May 17 Psychological Capital #psychology #psychologicalcapital #growth #mindset Components of Positive Psychological Capital (PsyCap). Source: Luthans, F., & Youssef, C. M. (2007). Emerging positive organizational behavior. Journal of management, 33(3), 321–349. Psychological capital is not about being positive all the time. It's about having the inner resources to function well under pressure.
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