LEVERAGING PSYCHOLOGICAL CAPITAL IN VIRTUOUS ORGANIZATIONS: WHY AND HOW?

Carolyn M. Youssef and Fred Luthans
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Carolyn M. Youssef: Bellevue University, USA
Fred Luthans: University of Nebraska, USA

Chapter 7 in The Virtuous Organization:Insights from Some of the World's Leading Management Thinkers, 2008, pp 141-162 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractPsychological Capital is introduced as an important asset that can be leveraged to enhance the virtuousness of organizations. Psychological capital is defined as a state of development characterized by self-efficacy, optimism, hope and resilience, though there are many other similar resources. The authors examine empirical studies showing promise that psychological capital can be translated from moral goals to bottom line results. It is proposed that the relative stability and certainty of ordinary times offer the optimal conditions for developing psychological capital that can enhance the virtuousness of the organization when circumstances are less predictable.

Keywords: Virtues; Positive Psychology; Positive Organizational Scholarship; Ethical Decision-Making; Virtuous Management and Leadership; Virtuous Organizations; Values; Social Issues in Management; Spirituality and Work; Corporate Citizenship (search for similar items in EconPapers)
Date: 2008
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