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Psy Capital

Psychological capital is defined as an individual's positive psychological state consisting of self-efficacy, optimism, hope, and resilience. It represents a core factor that predicts performance and satisfaction better than its individual components. Psychological capital refers to the full range of positive personality traits that people employ in their professional lives to grow and progress, similar to financial, human, and social capital.

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52 views1 page

Psy Capital

Psychological capital is defined as an individual's positive psychological state consisting of self-efficacy, optimism, hope, and resilience. It represents a core factor that predicts performance and satisfaction better than its individual components. Psychological capital refers to the full range of positive personality traits that people employ in their professional lives to grow and progress, similar to financial, human, and social capital.

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manali_thakar
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© Attribution Non-Commercial (BY-NC)
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Psychological capital:

Psychological capital is a positive state-like capacity that has undergone extensive theory-building and
research. In the book by Luthans, Youssef, and Avolio on Psychological Capital (Oxford University Press,
2007), it is defined as “an individual’s positive psychological state of development and is characterized
by:

1. Having confidence (self efficacy) to take on and put in the necessary effort to succed at
challenging tasks
2. Making a positive attribution (optimism) about succeeding now and in the future
3. Persevering toward goals and when necessary, redirecting paths to goals (hope) in order to
succeed
4. When beset by problems and adversity, sustaining and bouncing back and even beyond
(resilience) to attain success

Thus, psychological capital consists of efficacy, optimism, hope and resilience and when combined has
been shown to represent a second-order, core factor that predicts performance and satisfaction better
than each of the four factors that make it up.

When we talk about capital, we’re referring to the entire range of assets that we rely on to
grow and make progress. In the same way that we’ve defined financial capital (“what you
have”), Human capital (“what you know how to do”) and social capital (“who you know”),
we understand psychological capital to be “how you are.” That is to say, the entire set of
positive personality characteristics that we deploy in our professional life. Put to use in the
context of work, those characteristics can make a difference in determining the results we
achieve.

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