The Theory Of The Social Exchange Theory - 1716 Words

The first theory I will touch on is the Social Exchange Theory (SET) presented by George Homans. The concept of the social exchange theory involves â€Å"actions contingent on the rewarding reactions of others, which over time provide for mutually and rewarding transactions and relationships† (Cropanzano Mitchell, 2005, p.890). Homan introduced this theory with the understanding that exchanges are not limited to materials but also include symbolic values (p. 890). In the social exchange theory multiple entities, either companies, social groups, or individuals develop a relationship in which they can fulfill their needs. Some relationships are unilateral (only one entity feel is affected) or bilateral (both entities are affected). The SET involves rationality which encompasses the idea that voluntary actions are determined by the return they are expected to bring (Emerson, 1972, p. 340). An organization is motivated by the expectations of something beneficial in return for providing a good or service. Define TCT The second theory, the Transactional Cost Theory was derived by economist, Ronald Coase. Williamson (1981) define this theory as, â€Å"An interdisciplinary approach to the study of organizations that joins economics, organization theory, and aspects of contract law† (p. 573). His theory involves avoiding extra time and expense by having transactions inside or in the market and focuses on efficiency. The decision is to be made on whether an agency decide to integrate orShow MoreRelatedThe Theory And Social Exchange Theory1685 Words   |  7 Pagesunderstand family dynamics, one must understand family theories. Eight family theories were discussed in our book. Each person who studies family theories tends to truly understand several of the theories while showing favoritism towards a particular theory. The two theories I best understood are symbolic interaction theory and social exchange theory. Social exchange theory will be the theory that I will critique. The symbolic interaction theory states that individual’s act based on symbolic meaningRead MoreThe Theory Of Social Exchange Theory Essay2323 Words   |  10 PagesDuring the course of this week’s discussion we will examine the social exchange theory (SET); Dr. Cone did a great job presenting SET to us in this week’s media, I hope you all enjoyed it. Now, we can further consider it by applying the concepts to real life situations such as our family case study, our own family, or other examples you find to be beneficial to you and our collective growth as future APNs. In order to guide our discussion and to have a meaningful learning experience I would encourageRead MoreSocial Exchange Theory991 Words   |  4 Pageslooking at a group, Social Work Club, and be applying four theories; Field theory, Social Exchange theory, Learning theory, and Psychoanalytic theory to the group to understand the function of it. Field Theory The first theory we are going to cover is the Field theory. This theory focuses on how groups function in an effort to achieve their goals and how they are impacted by forces found in the environment. We will be focusing on the positive and negative valences of this social work group, the cohesionRead MoreSocial Exchange Theory1512 Words   |  7 PagesThe Social Exchange Theory was created by researchers John W. Thibaut and Harold H. Kelley, was an attempt to everyday interpersonal relationships. This theory, with backgrounds in sociology and economics, appeals to so many because of it simple answers to human interaction and intentions. The social exchange theory is very rational and considers humans to be rational in every thought they make. It examines human behavior through costs and benefits of being in a particular relationship. The theoryRead MoreSocial Exchange Theory2516 Words   |  11 PagesTheories Of Relationship Theories Of Relationship [Document Title] [Document Title] Elizabeth Wiwoloku Elizabeth Wiwoloku Introduction There are two main theories applied to relationships, Social Exchange Theory and Equity Theory underpin commonly used behavioural therapies such as Cognitive Behavioural Therapy, Enhanced Cognitive Behavioral Therapy and Integrative Cognitive Behavioural Therapy. More recent studies in neuroscience and behavior and the importance of language have led to theRead MoreTheory, Social Exchange Theory And Symbolic Convergence Theory1249 Words   |  5 PagesTheories are a way humans try to explain the world by what they see happen in time. Theories are an observed phenomenon that occur a multitude of times. When these events are observed, humans need an explanation for these events. When one finds this explanation, it is called a theory. Theories apply to many different aspects of life. Small group theories create explanations for what happens when a group of people get together for one purpose; or a goal. What happens when different types people withRead MoreSocial Exchange Theory Essays 1531 Words   |  7 PagesSocial Exchange Theory 2 Application of: The Social Exchange Theory In everyday interactions people are always looking to have a positive experience among those with whom they interact. According to the Social Exchange theory, with each interaction an individual has with another, that individual attempts to maximize the positive outcomes and minimize the negative. The purpose of this paper is to apply the Social Exchange theory to an authentic real life situation to best illustrate theRead MoreSocial Exchange Theory Essay726 Words   |  3 PagesQuinisha Williams Mrs. Garcia SP 200 A 6 November 2017 Social Exchange Theory The Social Exchange Theory was formally advanced in the late 1950s and early 1960s in the work of the sociologists George Homans (1961) and Peter Blau (1964) and the work of social psychologists John Thibaut and Harold Kelley (1959) (Social Exchange Theory). Social Exchange Theory would be classified as a psychological theory; which suggests that humans will make decisions in their relationships based on the recognizedRead MoreLearning Theory, Social Exchange And Labeling Theory1433 Words   |  6 Pagesinteraction of the micro, mezzo, and macro levels. Theory groupings of the micro level focus on the individual, psychological and developmental. Examples would be psychodynamic theories, cognitive and learning theories. The mezzo level interacts between individual’s groupings and organizations. Creates change in task groups, teams and service delivery networks. Examples would include social learning theory, social exchange and labeling theory. Lastly, you have the macro l evel that focus of explainingRead MoreSocial Exchange Theory And Social Interaction982 Words   |  4 Pagesothers when we are infants. Our parents begin socializing with us during this time, forcing our exchanges with them and others to become â€Å"trained†. Building these social relationships requires exchanges that are associated with rewards and costs. Chibucos Leite (2005), believe that in social situations, one will select only those behaviors that increase their chances of meeting egocentricities in social situations. In a relationship, if one sees a relationship as having more benefits than risks,