Summary of Developing Leadership by Building Psychological Capital

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Developing Leadership by  Building Psychological Capital summary
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Rating

8 Overall

9 Applicability

8 Innovation

8 Style


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.

In this summary, you will learn

  • What “psychological capital” depends on,
  • Why it’s important for leadership development and
  • How “coherent breathing” can help boost it.
 

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.

 

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...

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