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Psychological CapitalDeveloping the Human Competitive Edge$
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Fred Luthans, Carolyn M. Youssef, and Bruce J. Avolio

Print publication date: 2006

Print ISBN-13: 9780195187526

Published to Oxford Scholarship Online: September 2007

DOI: 10.1093/acprof:oso/9780195187526.001.0001

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PsyCap Efficacy

PsyCap Efficacy

Confidence to Succeed

Chapter:
(p.33) CHAPTER 2 PsyCap Efficacy
Source:
Psychological Capital
Author(s):

Fred Luthans (Contributor Webpage)

Carolyn M. Youssef (Contributor Webpage)

Bruce J. Avolio

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195187526.003.0002

This chapter starts with five key discoveries of PsyCap efficacy (or confidence) and then, drawing from Albert Bandura's extensive theory and research, defines it and identifies the characteristics of those with high self-efficacy. The supporting cognitive processes of symbolizing, forethought, modeling, self-regulation, and self-reflection are then discussed. The major focus of the chapter is given to the development of PsyCap efficacy in managers and employees: mastery and successful experience, vicarious learning/modeling, social persuasion/positive feedback, and psychological and physiological arousal/well-being. The concluding sections discuss collective efficacy, some potential pitfalls, and future directions for research and practice.

Keywords:   collective efficacy, confidence, efficacy development, forethought, modeling, PsyCap efficacy, self-efficacy, self-reflection, self-regulation, symbolizing

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