Pan-Pacific Conference XXXIV. Designing New Business Models in Developing Economies

the scales are reported in brackets: PsyCap: hope
(.86), efficacy (.90), resilience (.72) and optimism
(.75); Team Altruism: team goals (.95), collegiality
(.90), after hours (.90) and problem solving (.90).
The relationship between PsyCap and team altruism
is reported in Table 1 by means of Multiple
Regression Analysis.
RESULTS
Table 1: Results of the Multiple Regression Analysis with team altruism as dependent variable
DISCUSSION
The significant shared common variance between
PsyCap and team altruism, is an indication that
PsyCap factors improve different forms of team
altruism. It is not clear what the non-significant
prediction of optimism is. It could be that optimism
plays a mediating role. Further research is needed to
provide more clarity in this regard. A similar result
is reported by Strauss et al. [22], as optimism did
not contribute to the predictor variable, task
adaptively.
Limitations, Future Research and Implications
for Management
Though the study covers a broad spectrum of South
African organizations, it is not clear if results will
be duplicated in other countries. Future studies in
should investigate other possible antecedents and
outcomes regarding both PsyCap and team altruism.
Optimism may also be explored as a possible
mediator between PsyCap and team altruism
This study contributes to the theory of knowledge,
conceptualizing how PsyCap relates to team
altruism as work variable. In the light of the positive
outcomes of PsyCap on team altruism, management
could improve team altruistic collaboration by
improving self-efficacy, hope and resilience.
Management could consider using the PsyCap
questionnaire for selection purposes, or
identification of needs for intervention, as it may
lead to improved altruistic team behavior.
CONCLUSION
The significant positive role that PsyCap plays in
facilitating team altruism, proves to be a powerful
construct that business should cultivate to improve
their human capital interest as a competitive
advantage.
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