Expectancy Theory (Vroom)
Animated whiteboard explainer: Expectancy Theory (Vroom)
Overview
What if the key to motivating employees wasn't just about money, but about their beliefs and expectations? That's where Vroom's Expectancy Theory comes in. This framework helps managers understand how people make decisions based on their expectations of success and the value of outcomes.
Key Components
At its core, the theory is built on three key elements: effort leading to performance, performance leading to outcomes, and the valence, or value, of those outcomes. By mapping these connections, leaders can design systems that align individual goals with organizational objectives.
How to Apply
It's a powerful tool for boosting engagement and driving performance.
Key Insight
Understanding Expectancy Theory means understanding the psychology behind what motivates people to act.