OB Ch. 7

Conscious Capitalism 4 Key Principles

1. Higher purpose (beyond profit maximization) 2. Stakeholder interdependence (rather than shareholder-centric) 3. Conscious leadership (instead of scientific management) 4. Conscious culture (instead of bottom-linen focused)

Three Global Values for Promoting Positive OB

1. Restorative Justice 2. Compassion 3. Temperance

Temperance

a shared belief in showing restraint and control when faced with temptation and provocation. It promotes self-control, humility, and prudence.

Compassion

a shared value that drives people to help others who are suffering.

Mindlessness

a state of reduced attention. It is expressed in behavior that is rigid or thoughtless.

Prosocial Behaviors

are positive acts performed without expecting anything in return.

Positive Deviance

as successful performance that dramatically exceeds the norm in a positive direction.

Meaningfulness

belonging to and serving something that you believe is bigger than the self.

Organizational Climate

employee's perceptions of formal and informal organizational policies, practices, procedures, and routines.

Attentional Hyperactivity

happens when our minds are racing or wandering, resulting in compulsive daydreaming or fantasizing.

Positive Psychological Capital (PsyCap)

have high levels of hope, efficacy, resilience, and optimism (HERO).

Positive OB (POB)

involves the study and application of positively oriented human resources strengths an psychological capacities that can be measured, developed, and effectively managed for performance improvement in today's workplace.

Flow

is the state of being completely involved in an activity for its own sake.

Optimists

often view successes as due to their personal, permanent, and pervasive causes, and the negative events to external, temporary, and situation-specific ones.

Buffering Effect

positive practices buffer or reduce the impact of negative events and stressors.

Amplifying Effect

positive practices have an amplifying or escalating effect on positive outcomes because of their associating with positive emotions and social capital.

Organizational Practices

refers to a host of procedures, policies, practices, routines, and rules that organizations use to get things done.

Restorative Justice

reflects a shared belief in the importance of resolving conflict multilaterally through the inclusion of victims, offenders, and all other stakeholders.

Attentional Deficit

reflects the inability to focus vividly on an object.

Intention

represents an end point or desired goal you want to achieve.

Flourishing

represents the extent to which our lives contain PERMA.

Virtuousness

represents what individuals and organizations aspire to be when they are at their very best.

Social Support

the amount of perceived helpfulness derived from social relationships.

Positivity Effect

the attraction of all living systems toward positive energy and away from negative energy, or toward that which is life giving and away from that which is life depleting.

Mindfulness

the awareness that emerges through paying attention on purpose, in the present moment, and non-judgmentally to the unfolding of experience moment by moment.

Forgiveness

the capacity to foster collective abandonment of justified resentment, bitterness, and blame, and instead, it is the adoption of positive, forward-looking approaches in response to harm or damage.

Well-Being

the combined impact of five elements: positive emotions, engagement, relationships, meaning, and achievement. PERMA

Upward Spirals of Positivity

where your positive behaviors, feelings, and attitudes feed your won and those of others in a continual, reinforcing process.

Resilient

you have the capacity to consistently bounce back from adversity and to sustain yourself in the face of the demands of positive events.

Hope

you need to have a goal and the determination to achieve it (will-power), and you need to see one or more alternative paths to achieve your goal, even when faced with adversity (waypower).