Going beyond human and social capital, this seminal book unveils a new resource for competitive advantage, psychological capital (or PsyCap), a result of the confluence of the positive psychology movement and the authors' pioneering work on positive organizational behavior. The positive constructs that meet the scientific requirements to be included in PsyCap are efficacy, hope, optimism, and resiliency. These and other potential PsyCap strengths are presented in Psychological Capital, along with research demonstrating the performance impact of PsyCap, and methods of measuring and developing PsyCap.

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