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Leveraging Psychological Capital In Virtuous Organizations: Why And How?

In: The Virtuous Organization Insights from Some of the World's Leading Management Thinkers

Author

Listed:
  • Carolyn M. Youssef

    (Bellevue University, USA)

  • Fred Luthans

    (University of Nebraska, USA)

Abstract

Psychological 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.

Suggested Citation

  • Carolyn M. Youssef & Fred Luthans, 2008. "Leveraging Psychological Capital In Virtuous Organizations: Why And How?," World Scientific Book Chapters, in: Charles C Manz & Kim S Cameron & Karen P Manz & Robert D Marx (ed.), The Virtuous Organization Insights from Some of the World's Leading Management Thinkers, chapter 7, pages 141-162, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812818607_0007
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