Psychological Capital

An individual’s positive psychological state of development and is characterized by having confidence to take on and put in the necessary effort to success in challenging tasks, making positive attribution about succeeding now and in the future, persevering toward goals and, when necessary redirecting paths to goals in order to achieve success, and when beset by problems and adversity, sustaining and bouncing back and even beyond to attain success. Psychological capital consists of self-efficacy, optimism, hope, and resilience. A key set of concepts related to Positive Organizational Behavior.

Reference:

Luthans, F., & Youssef-Morgan, C. M. (2017). Psychological capital: An evidence-based positive approach. Annual Review of Organizational Psychology and Organizational Behavior, 4, 339-366. https://doi.org/10.1146/annurev-orgpsych-032516-113324

Newman, A., Ucbasaran, D., Zhu, F. E. I., & Hirst, G. (2014). Psychological capital: A review and synthesis. Journal of Organizational Behavior, 35(S1), S120-S138. https://doi.org/10.1002/job.1916