New books


Psychological capital

Developing the human competitive edge

Fred Luthans, Carolyn M. Youssef og Bruce J. Avolio

Oxford University Press 2006, 246 s. ISBN 0195187520
Bogomtale fra forlaget.

* The first book dedicated to applying positive psychology to organizational behavior
* Introduces the new ideas of positive organizational behavior (POB) and psychological capital (PsyCap)
* Summarizes the strengths that best meet the criteria for POB and PsyCap: efficacy/confidence, hope, optimism and resiliency

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.

Readership: Business school students and professors in organizational behavior and organizational theory, as well as practicing managers

1. Introduction
2. PsyCap Efficacy: Confidence to Succeed
3. PsyCap Hope: The Will and the Way
4. PsyCap Optimism: Realistic and Flexible
5. PsyCap Resiliency: Bouncing Back and Beyond
6. Selected Cognitive and Affective Strengths: Potential PsyCap?
7. Possible Social and Higher-Order Strengths: Future PsyCap?
8. Measurement and Development of PsyCap: Assessing the Return on Investment

Authors, editors, and contributors

Fred Luthans, Distinguished Chaired Professor of Management, University of Nebraska,
Carolyn M. Youssef, Assistant Professor, Department of Management, Bellevue University, and
Bruce J. Avolio, Donald and Shirley Clifton Chair in Leadership, Department of Business Administration, University of Nebraska