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Expectancy Theory

Essay by   •  January 8, 2011  •  303 Words (2 Pages)  •  1,450 Views

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Expectancy Theory

... was developed in 1964 by Victor Harold Vroom, Professor at the Yale School of Management.

The expectancy theory says that motivation depends on a person's belief in the probability that an effort he makes will lead to good performance which will lead to receiving an outcome the person values.

The theory assumes that individuals..

п‚§ make conscious choices about which course of action to follow and choose the one that maximizes their pleasure and minimizes pain

п‚§ have different needs and value the outcomes differently

п‚§ choose between alternative actions based on the likelihood of an action resulting in the outcome they value

The main components of the theory

п‚§ Expectancy/ subjective probability

an individual's estimate and confidence whether a certain level of effort (E) will produce a certain level of performance (P)

Eв†'P

п‚§ Instrumentality

is an individual's perception that its performance (P) will lead to desired outcome (O)

Pв†'O

п‚§ Valance (V)

is the value the individual places on the outcome

F = (Eв†'P) x (Pв†'O) x V

пÑ"Ё Management

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