A Capital Advantage

Previously I introduced the concept of psychological capital and discussed how it could be integrated into an organization’s culture. To recap, whereas intellectual capital involves the know-how that people bring to their jobs, and social capital involves the relationships they can leverage in getting their work done, psychological capital (or PsyCap) is a form of human capital that involves the personal resources people possess and is made up of hope, optimism, confidence and resilience.

In this follow-up column I’d like to discuss whether PsyCap is related to organizational performance, and why PsyCap might affect an organization’s performance and productivity.

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head shot Jamie Gruman
Jamie Gruman
Dr. Jamie Gruman is an Associate Professor of organizational behaviour. He has taught in the undergraduate program, MA Leadership Program and PhD program iat the University of Guelph. Dr. Gruman is a founding member, and Chair of the Board of Directors of the Canadian Positive Psychology Association. Dr. Gruman has consulted for Fortune 500 corporations, public and not-for-profit agencies.
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