Explain the concept of equity theory

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You have established a small-scale business dealing in stationery items within an area of a cluster of schools. How would you blend the main functions of management to achieve your objective?

There are various motivational theories postulated by various authors. One such an author is J. Stacy Adams. Equity theory was first developed in the 1960s by J. Stacy Adams, a workplace and behavioral psychologist. Explain the concept of equity theory and the role of social comparison at workplace. What are the managerial implications of equity theory?

Reference no: EM133026788

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