Leveraging Psychological Capital for Strategic Success a Study in the Egyptian Context
| Main Authors: | Dr. Abdulaziz S. Al-Angari, Dr. Wageeh A. Nafei |
|---|---|
| Format: | Article Journal |
| Bahasa: | eng |
| Terbitan: |
, 2019
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/4841030 |
Daftar Isi:
- The overall objective of the study is to identify the role of Psychological Capital (PsyCap) in achieving Strategic Success (SS). The research community is composed of all employees in the pharmaceutical industry in Egypt. Due to the time and cost constraints, the researcher adopted the sampling method to collect the necessary data for the study. The appropriate statistical methods were used to analyze the data and test the hypotheses. The research discovered that the dimensions of PsyCap (hope, optimism, resilience, and self-efficacy) were positively related to SS (limited strategy, effective implementation, motivational culture, horizontal organization, transformational leadership, continuous innovation). The results are consistent with research conducted by Quisenberry, 2015; Nafei, 2015; Paek et al., 2015; Avey et al., 2014; Abdelwahab, 2013; Avey, et al., 2010, and Gooty et al., 2009. The study referred to a number of recommendations, the most important of which are: (1) managers should be careful in assigning relatively stressful tasks to those who are low on PsyCap as these individuals are more likely to report job stress, (2) managers should pay attention to building and strengthening the PsyCap of their workers, (3) managers can enhance the PsyCap in one’s organization to improve performance and competitive advantage, (4) managers can invest in PsyCap through encouraging learning among employees, (5) managers should take measures to increase employees’ identification with their organization, such as striving for a higher organizational purpose, (6) the need to focus on the four dimensions of PsyCap and use them to increase SS, (7) the need to train managers on how to develop the four dimensions of PsyCap through training courses targeting the spread of the spirit of hope and optimism among managers, and equipping them with skills to deal with different situations to ensure the achievement of positive feedback in the work environment, and (9) Pharmaceutical industry in Egypt can increase the level of PsyCap by using short training sessions of one to three hour micro interventions in which they measure PsyCap before and after the interventions.