Usually means: Motivation determined by expected outcomes.
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We found 5 dictionaries that define the word Expectancy theory:

General (1 matching dictionary)
  1. Expectancy theory: Wikipedia, the Free Encyclopedia

Business (4 matching dictionaries)
  1. Expectancy Theory: Management Methods, Models, and Theories
  2. Expectancy Theory: Management Dictionary
  3. BusinessDictionary.com (No longer online)

Definitions from Wikipedia (Expectancy theory)

noun:  Expectancy theory (or expectancy theory of motivation) 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.

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