Developing potential in the family business - Learnings from a Queen concert
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Published Version
Date
2022
Authors
Duggan, Catherine
Journal Title
Journal ISSN
Volume Title
Publisher
The Boolean, University College Cork
Published Version
Abstract
Psychological Capital (Hope, Optimism, Resilience, Efficacy) is a powerful psychological resource to leverage the idiosyncratic potential of the family firm and to enhance performance through the attainment of goals. By developing Psychological Capital, the family firm can address critical issues which threaten sustainability, including reduced access to financial, human and social capital resources. The family firm is unique in terms of human capital due to the psychological attributes which are rooted in the duality of the organization, namely, family and business. As a result, the family business has a high dependency on the collaboration of both family and non-family members. This article demonstrates the benefit of developing Psychological Capital through lessons learned from a Queen concert.
Description
Keywords
Psychologial capital , Family business , Potential , Development , Positive psychology
Citation
Duggan, C. (2022) 'Developing potential in the family business - Learnings from a Queen concert', The Boolean: Snapshots of Doctoral Research at University College Cork, 6, pp. 77-83. doi: 10.33178/boolean.2022.1.13