MGMT100 Lecture Notes - Lecture 10: Goal Setting, Equity Theory, Expectancy Theory
Document Summary
Summary: (1)what is motivation: motivation involves the level, direction and persistence of effort expended at work. Intrinsic rewards derive naturally from the work itself. Erg theory identifies existence, relatedness and growth needs. Herzberg"s two factor theory points out the importance of both job content and context factors. Expectancy theory states motivation = expectancy x instrumentality x valence. Goal setting theory emphasises the motivational power of goals. Self-efficacy encompasses the trend toward individuals focusing on their own self-confidence, competence and mastery. (4) what role does reinforcement play in motivation: human behaviour is influenced by its environmental consequences. Behaviour followed by a pleasant consequence is likely to be repeated. Positive reinforcement works best when applied according to the laws of contingent and immediate reinforcement. (5) what are the trends in motivation and remuneration: pay for performance ties pay increases to improvements in performance. Pay-for knowledge systems typically link pay to the mastery of job-relevant skills.
