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 is a rigorous 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 and Beyond. Following an
exploration of 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. Psychological Capital and
Beyond provides theory, research, measurements, and methods of
application for psychological capital, a resource that can be
developed and sustained for competitive advantage. Each copy
includes a complimentary PsyCap online self-assessment.
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