ENTREPRENEURSHIP

Detailed explanation-1: -Vroom suggests that an employee’s beliefs about Expectancy, Instrumentality, and Valence interact psychologically to create a motivational force such that the employee acts in ways that bring pleasure and avoid pain.

Detailed explanation-2: -According to Vroom’s Expectancy Theory, the employee must believe the task is achievable, in order for them to put the effort into it. If the task is doable, the employee will be keen to perform well in anticipation of the bonus (Expectancy).

Detailed explanation-3: -Expectancy theory separates the decision making process into expectancy (efforts will lead to high performance), instrumentality (performance will lead to predicted outcomes), and valence (predicted outcomes are desirable). Motivation depends on how much we want something and how likely we think we are to get it.

Detailed explanation-4: -To summarize expectancy theory, consider this formula: Expectancy + Instrumentality + Valence = Motivation. When all three are high your motivation is at the maximum level to achieve your goals.

Detailed explanation-5: -Communicate the rewards employees can expect to receive. Define clear expectations about the reward. Build trust and motivation by keeping your word and giving rewards when they’re due. 17-Jan-2022