Asked by shadyra basurto on May 19, 2024
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Emmett has always wanted a sports car. He has finally graduated from college and is working at his first job. He realizes to make his dream come true, he needs to save up for a down payment and then work out how he will pay the monthly loan amount. Using goal-setting theory, give the direct and indirect effects of Emmett's scenario?
Goal-Setting Theory
A motivational theory that suggests setting specific and challenging goals, along with appropriate feedback, enhances performance.
Down Payment
An initial, upfront partial payment for the purchase of expensive items such as a home or car, typically representing a percentage of the total purchase price.
Monthly Loan
A financial agreement where a sum of money is borrowed and repaid in monthly installments over a specified period of time, often including interest.
- Understand the significance of establishing relevant performance and outcome objectives to boost employee motivation.
- Explore the role of psychological and cognitive dynamics in motivation and how they correlate with different theories of motivation.
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Learning Objectives
- Understand the significance of establishing relevant performance and outcome objectives to boost employee motivation.
- Explore the role of psychological and cognitive dynamics in motivation and how they correlate with different theories of motivation.
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