In: Operations Management
Demonstrate the differences between self-efficacy theory, reinforcement theory, equity theory, and expectancy theory.
A Thumbs Up! Would be really helpful for me. If you have any questions, please leave a comment and I will get back to you as soon as possible.
Here I present the self efficacy theory, this theory is a personal judgement about how well a person can execute the course of action, to deal in a particular situation. This concept is basically about the psychological behavior of itself as what he or she is capable of doing In terms of a situation. Self-efficacy theory is a subset of bandura's social cognitive theory. Self-efficacy is basically about the motivation one gets while completing a task.
The reinforcement theory of motivation is basically associated with the change in individuals' behavior for positive reinforcement that can help an individual to act in a certain way.
Equity theory of motivation is based on that every individual gets motivated through the concept of fairness. Employees or individuals don't get motivated only through pay and recognition but about the fact that they are being treated equally in the organization or in an environment.
The expectancy theory of motivation states that individuals' behavior depends upon the conscious choices among different alternatives where they get maximum pleasure and minimum pain. Also, Vroom's theory was that employees' entire performance is based on a few individual factors like knowledge, experience, ability, personality, skills.