ABSTRACT
206In globalization and technology advances, human capital is the most important capital for any organization. Previously, organizations were familiar with the physical capital, money, labor, machinery, etc. After physical capital, organizations assessed human capital which consists of knowledge, skills, and experience of staff and finally, social capital introduced as a network of relationships with other people and now emerging relevance and emphasize on psychological capital is on rise and has roots in positive-oriented psychology movement. Psychological capital is a form of positive organizational behavior which represents the emergence of new trends in the field of human resources management and a positive work environment. This chapter reviews this new concept called “psychological concept” that recently entered into the field of organizational behavior to understand today’s executive.
