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Applying Psychological Capital to Senior Management Development: A “Must” and Not “Nice to Have”

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  • Edna Rabenu
  • Aharon Tziner

Abstract

The purpose of this viewpoint is to describe the necessity to use psychological capital (which includes the attributes of self-efficacy, optimism, hope and resiliency) in order to develop managers, especially senior ones. The viewpoint includes an example of optional steps of micro-intervention for senior management. In the 21st-century VUCA world, managers need to invest in processes that strengthen their resistance to psychological pressures and negative outcomes, while enabling them to cope with confidence with instability, volatility and uncertainty. In this regard, Psychological Capital (PsyCap) can and will contribute to significant changes for the better in managers and organizations as a whole. This viewpoint offers a relatively new view for developing senior managers.

Suggested Citation

  • Edna Rabenu & Aharon Tziner, 2021. "Applying Psychological Capital to Senior Management Development: A “Must” and Not “Nice to Have”," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(2), pages 1-62, July.
    • Handle: RePEc:ibn:ijbmjn:v:15:y:2021:i:2:p:62
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    References listed on IDEAS

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    1. McCall, Morgan W., 2010. "Recasting Leadership Development," Industrial and Organizational Psychology, Cambridge University Press, vol. 3(1), pages 3-19, March.
    2. Hyland, Patrick & Caputo, Anthony W. & Reeves, David, 2018. "Understanding New Era Workplace Relationships: Insights From Employee Engagement Research," Industrial and Organizational Psychology, Cambridge University Press, vol. 11(3), pages 523-530, September.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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