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Developing Leadership by Building Psychological Capital

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Developing Leadership by Building Psychological Capital

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Happy leaders are better leaders: “Psychological capital” is essential to survive today’s workplace challenges.

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Editorial Rating

8

Qualities

  • Innovative
  • Applicable

Recommendation

Marian Ruderman and Cathleen Clerkin of the Center for Creative Leadership introduce the concept of “psychological capital” – a positive mental and emotional state – and explain its importance in the business world. The authors argue that leadership training helps cultivate and improve psychological capital. Further, they examine “coherent breathing” as a technique that may help boost psychological capital. getAbstract recommends this compelling report to managers at all levels who are interested in becoming better leaders.

Summary

Companies often view leadership training as the improvement of business-specific knowledge. However, the development and preservation of psychological resources is equally important. “Psychological capital” depends on efficacy, resiliency, hope and optimism. It helps improve work performance and job satisfaction, while also supporting leaders to become better motivators and role models. With the right training, leaders can enrich their psychological capital and use it as appropriate.

Neuroscience research suggests that the ability to assess...

About the Authors

Marian Ruderman, PhD, is senior fellow and director of research horizons at the Center for Creative Leadership, where Cathleen Clerkin, PhD, is a faculty member in research, innovation and product development.

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