Positive Psychological Capital: Capital that I Own and Control

Resilience

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

Efficacy

• Confidence in your ability to do something • Influences the world around you and your ability to deal with inherent challenges and opportunities • Greater efficacy leads to being more confident and positive

Optimism

• Optimists view successes as due to their personal, permanent, and pervasive causes, and negative events to external, temporary, and situation-specific causes • Optimists are realistic and flexible • Optimism is self-inspirational

Psychological Capital (PsyCap)

• Those with high levels of PsyCap have high levels of: - Hope - Efficacy - Resilience - Optimism

Two Components of Hope

•Willpower: having a goal and the determination to achieve it •Waypower: need to see alternative paths to achieve the goal