There are two aspects of self-confidence: competence, or whether or not you possess the needed skills to achieve something, and self-assurance, or whether or not you believe that you have the ability to achieve it.
Think about this for a moment; you might have been trained in interview skills, but you might not feel comfortable in interviews. In this case you would have the competence but lack the self-assurance. On the other hand, you could believe that you have the ability to do something but not have the drills to actually carry it through. In this case you are very self-assured, but you don't have the competence to do the job. True self-confidence occurs when both competence and self-assurance are in balance with each other.
Self-confidence has been shown to be important in recovery from injury, overcoming setbacks, and moving through negative experiences in life. Someone with self-confidence has a belief that they will be able to recover, move past the negative, and again experience the positive. In the business world, self-confidence functions in much the same way. It enables an employee to recover from setbacks and challenges and continue to move forward.
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