Asked by Romya Samal on Jun 30, 2024
Verified
Discuss equity theory and how it relates to managing for motivation.
Equity Theory
A theory in social psychology that explains how individuals perceive and react to fairness in the distribution of resources within interpersonal relationships.
Managing
The act of overseeing or controlling operations, people, or resources to achieve certain objectives.
Motivation
The psychological process that stimulates and directs behavior towards achieving specific goals or fulfilling needs.
- Understand various theories of motivation and their application in organizational settings.
Verified Answer
In using equity theory to guide managerial efforts to influence work motivation, managers should recognize that people who feel underpaid may experience a sense of anger and people who feel overpaid may experience a sense of guilt. Managers should also understand that perceptions of rewards in a social context, not the absolute value of the rewards, determine motivational outcomes. Finally, managers should ensure that any negative consequences of the equity comparison are avoided, or at least minimized, when rewards are allocated.
Learning Objectives
- Understand various theories of motivation and their application in organizational settings.
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