Turning
Happiness into
Economic Power
• Benefits of a
contented
organization.
•Psychological
capital as a
measure of how
well being includes
more than wealth
Leadership
• Choosing great leaders is difficult:
• Looking for those who
– institute positive attitudes
– Organizational Health
• Domain specific skills and
– self control
– The ability to work as a team
– The skills that fit the position of industry
Leadership
• Able to devise and communicate vision
Authentic Leadership
• Through Authentic Leadership
psychological capital is the
development of positive states
like hope, optimism,
resiliency and self-efficacy.
Emerging positive OB
• Positive states as applied to organizations
from Psychology and Organizational Behavior
• Positive state-like traits
that lead to positive
organizations and
positive behaviors
Positivity- and you?
• Competition is tough
• Sustainable competitive edge
• Built on different things than before
• Flatness requires us to challenge traditional
assumptions about management and use new
criteria for assessment
The positive approach
• Is it without risk?
• Positive outcomes:
– Optimal functioning
– Excellence
– Growth
– Fulfillment and satisfaction
Expands the conceptual base for OB beyond
“problem-focused”
Static Psychological States
• Personality traits:
– Conscientiousness
– Emotional stability
– Extroversion
– Agreeableness
– Openness to experience
– Keys to happiness and positive states
Static Psychological States
• Measures of core self evaluation
• Self Esteem
• Generalized self efficacy
• Locus of self control
and emotional stability
• Examples: sample test
Outcomes of Static States
• Effective indicators of
– Goals setting and
– Motivation
– Performance
– Job and
– Life Satisfaction
More fixed states
• Wisdom/knowledge
• Virtue/courage
• Virtue/humanity
• Virtue/ justice
• Virtue/ temperance
• Transcendence
State-like capacities
• More malleable
• More changeable
– Efficacy
– Hope
– Optimism
– Resilience
POB
• Application of positive human resource
management
• Develops malleable traits like
– Self-efficacy
– Hope
– Optimism
– Resiliency
Self-efficacy
• Develops through mastery experience
• Social learning
• Modeling
• Social persuasion
• Psychological or
• physiological arousal
Examples-Intervention-Development
Hope
• Positively derives success from
– A sense of agency and
– Multiple pathways
• Case Studies:
Examples-Interventions -Development
Optimism
• Positive events
Personal
permanent
Persuasive
• Negative events
External temporary
situation specific causes
Case Studies:
Examples-Interventions -Development
Resiliency
• Ability to bounce back from
– Adversity, failure, and even positive events
– Learned capacity can be developed in anyone
Examples-Interventions -Development
• Asset focused
• Risk focused
• Process focused
Psychological Capital
• Positive Psychological state
• Confidence
• Progress towards goals
• Positive attributes
• Solving problems through adversity
• Bouncing back to attain success
Psychological Capital
• PsyCap = Self-efficacy
+ Optimism
+ Hope
+ Resiliency
____________________
• Very good empirical support for China and Asian
continent
• Builds out the concepts of economic, and human
capital
Catalysts for PsyCap
• Accumulated life experience
– Stable personality traits
– Positive psychological states
– Supportive organizational environment
• Authentic leaders operating through
– positive values,
– positive cognition
– positive emotions
– Developing positive
– psychological characteristics
– in others
• Circular Development
Case Studies
• China 422 employees
• 3 Shoe factories
• 2 private, 1 state owned
• Positive psycap
• Improved supervisors evaluations and workers
expectations for raises
Case Studies
• Midwestern USA
• Training in resiliency
• Improved performance and
• productivity by 18%
Case Studies
• China study
• After PsyCap training
• Connects hope to performance
• Optimism to job satisfaction
• Resilience predicted organizational
commitment