Psychological Capital (PsyCap), is found to have a strong correlation with the capacity of an organisation to thrive in challenging times.
It measures the “toughness” of an organisation in navigating through challenging situations.
Organisations with high PsyCap are able to find ways to outperform their competitors, generate new innovative strategies, build on the positives, and most importantly, unify their teams to achieve shared goals.
Psychological Capital (PsyCap), is found to have a strong correlation with the capacity of an organisation to thrive in challenging times.
It measures the “toughness” of an organisation in navigating through challenging situations.
Organisations with high PsyCap are able to find ways to outperform their competitors, generate new innovative strategies, build on the positives, and most importantly, unify their teams to achieve shared goals.
Organisation’s with high psychological capital have employees who are characterized by (1) having confidence (efficacy) to take on and put in the necessary effort to succeed at challenging tasks; making the positive
attribution (optimism) about succeeding now and in the future; (3) when necessary, redirecting paths to goals in order to succeed; and (4) when beset by problems and adversity, sustaining and bouncing back and even beyond
(resilience) to attain success. Evidence suggests that PsyCap is not only important to an individual’s general well-being, but can also make a difference when it comes to leadership. For example, researchers from Arizona State University and Syracuse University found that hopeful and Optimistic CEO’s had higher performing organisations. The development of positive organisational behaviour (POB) has been demonstrated to have a significant impact on employee outputs and a direct impact on organisations’ bottom line. Research provides strong support for positive connections between PsyCap and many beneficial outcomes such as employee satisfaction and performance.
Now you may ask yourself how you can use this knowledge to improve your team, department or organisation.
We have good news for you: Organisational Psychological Capital is developable. Join us for our free virtual sessions as we unpack some of these concepts.
References: Psychological Capital, a requisite for organisational performance, Y. Duplesis & N. Bakhuizen, 2012 Psychological Capital: Meenakshi, Singh Neuroscientific implications of psychological capital, J Peterson et al, 2018
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