Psychological Capital: Definition, Components and Effects

Psychological Capital of Entrepreneur Teams and Human Resource Development

“…The ability of an organization to materialize its objectives largely depends on the psychological and physical participation of the employees and staff members. A higher degree of participation and voluntary commitment to organizational goals can lead to higher competitive advantages, which is crucial for the long-term growth of the company (Cavus and Gokcen, 2015). The organizations, in their pursuit of improving performance and operational efficacy, are looking forward to achieving positive organizational behavior, through developing positive psychological states among the team members.…”

“…Hope is defined as the positive motivational state of an individual which is based on the interactively derived sense of successful agency and pathways. From the organizational perspective, Cavus and Gokcen (2015) have mentioned that hope is the internalized willpower and determination of an individual to invest the energy to materialize organizational objectives. The hope of a leader influences the motivation, job satisfaction, and performance of the team members.…”

“…It has been mentioned that there is a strong relationship between efficacy and individual performance. From the organizational perspective, Cavus and Gokcen (2015) have mentioned that efficacy, self-efficacy or confidence is the general belief of an individual which he/she perform in daily job roles. Team members with a high degree of self-confidence are able to improve their motivational levels, which is beneficial for their individual performance and eventually, for the performance of the organization as a whole.…”

“…It determines the reactive encounters of a challenge or a personal setback (Youssef-Morgan and Luthans, 2015). Cavus and Gokcen (2015) have mentioned in their article that the resiliency of an individual is his/her tendency to recover from a situation of negative emotional state and motivates to perceive an overwhelming situation in an optimistic manner. From the organizational perspective, it can be stated that individuals with high resiliency can overcome setbacks in their professional fields and look at the situation optimistically, rather than being demotivated by the situation.…”

“…Just like Hope, Optimism has been explained as a dispositional trait and a state of mind that can be achieved or developed. Cavus and Gokcen (2015) have defined optimism in terms of the mental and physical health of an individual. It has been mentioned that optimistic people working in an organization are more likely to expect positive outcomes from any situation, which can lead to a reduction of work-induced stress and depression.…”