Psychological capital (PsyCap) is a composite positive psychological state that is theory and evidence based, measurable, developmental, and related to work outcomes. Hope, efficacy, resilience, and optimism (summarized by the acronym HERO), are the four constituent psychological resources of PsyCap. After a brief historical perspective and a summary of the positive psychology foundations of PsyCap, this chapter provides an overview of evidence-based techniques that managers and employees can use to develop PsyCap and its constituent resources in the workplace.
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