Capital, Psychological Resources and High Achievement: a Biographical Analysis of the Accomplishment of High Achievers

Abstract

This work examines the role of capital and psychological resources in the achievements of high achievers. It investigates the integrative role of psychological resources and capital in the achievement process. In the study, we chose four Indian high achievers: two first-generation achievers and two non-first-generation achievers - JRD Tata, Dhirubhai Ambani, Subrahmanyan Chandrasekhar and Srinivasa Ramanujan. The written biographies were analysed. The biographical analysis shows that while capital plays a major role in the success of non-first-generation achievers, psychological resources are more important in first-generation achievers. The results indicate that psychological resources are important in channelizing capital for achievement. It was also found useful for the generation and maintenance of various forms of capital. Though hard work and inborn talent cannot be ignored, the role of capital and psychological resources must not be underestimated in the process of attaining high achievement.