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The expectancy theory that could be phrased as the above question is based on the element called expectancy.
In this question,
Expectancy theory proposes that an individual will behave or act in a certain way because they are motivated to select a specific behavior over others due to what they expect the result of that selected behavior will be.
To make the connection between motivation, effort and performance, expectancy theory has three variables: Expectancy, Instrumentality and Valence.
Expectancy theory consists of three basic components:
(1) The employee's expectancy that working hard will lead to his or her desired level of performance;
(2) The employee's expectancy that working hard will thus ensure that rewards will follow; and
(3) Whether or not the employee's perception that the outcome of working hard is worth the effort or value associated with hard work.
VIE expectancy theory is often formulated using the equation MF (motivational forces) = V (valence) x I (instrumentality) x E (expectancy).
From the definition, the probability that, "if i do a good job, that there will be some kind of outcome in it for me" is comes under the element expectancy(E).
Hence we can conclude that the expectancy theory that could be phrased as the above question is based on the element called expectancy.
Learn more about expectancy theory here
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