Self-Efficacy

How to overcome failure? How to continuously grow personally?

With Self-Efficacy!

Definition

"A personal judgment of how well or poorly a person is able to cope with a given situation based on the skills they have and the circumstances they face" - Albert Bandura

Ted Talk on the importance of self efficacy

Self-Efficacy - The Key to Financial Well-Being

In his long career at Stanford University, world renowned psychologist Albert Bandura made a tremendous contribution to our understanding of human behavior and motivation.One of his main areas of focus was the concept of self-efficacy-an individual's belief in their own ability to succeed in accomplishing a specific goal or task.

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Source of content: Bandura, Albert (2010), "Self-Efficacy", The Corsini Encyclopedia of Psychology, American Cancer Society, pp. 1–3, doi:10.1002/9780470479216.corpsy0836; : Furnham, A., & Argyle, M. (1998). The psychology of money. Psychology Press. S. 167 ff.; Göbel/Frese Persönlichkeit, Strategien und Erfolg bei Kleinunternehmen, S.101

Source of video: https://www.youtube.com/watch?v=4UG-mcfF7l0

Source of image: https://onpage-hero.com/