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What is social exchange theory? 


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Social exchange theory (SET) is a widely used theory in social sciences that examines social transactions and their implications across various fields. It is based on the idea that individuals and organizations enter into and maintain relationships expecting that the benefits of the interaction will outweigh the costs. This theory emphasizes the importance of reciprocity, trust, and commitment in relationships, and how they influence the exchange process. SET has been applied in various contexts, including supply chain management, marketing, entrepreneurship, and tourism. It has been used to explain residents' perceptions towards tourism, the success or failure of small businesses, and the emergence of groups within society. Despite its usefulness, there is a need for further research to explore psychological transactions, reciprocity principles, and the impact of various factors on the exchange process.

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The paper provides a comprehensive commentary on the evolution of social exchange theory (SET) and its recent progressions. It highlights the need for further research in psychological transactions, reciprocity principles, exchange relations, and the impact of various factors on the exchange process. However, it does not explicitly define social exchange theory.
The paper provides a review of social exchange theory (SET) in the context of tourism. It explains that SET is widely used to explain residents' perceptions towards tourism and suggests that the costs and benefits of the exchange process influence residents' evaluation of tourism.
Book ChapterDOI
13 May 2022
Social exchange theory is a family of conceptual models that explain how individuals and organizations enter and maintain relationships based on the expectation that the benefits will outweigh the costs.
The paper discusses Homans' social exchange theory, which is based on propositions about individual actions and how values, memory, and expectations influence behavior.

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Current literature on social exchange theory?4 answersSocial exchange theory (SET) is a well-known and influential theory in the organizational sciences literature. It has been applied by scholars in supply chain, marketing, and tourism management fields. SET is not a single, concise theory but rather a family of conceptual models that share a paradigm. The theory suggests that individuals and organizations enter into and maintain relationships expecting that the benefits will outweigh the costs. Over time, these relationships develop trust, commitment, and relational exchange norms. However, recent research argues that SET needs to be revised to account for changes in the nature of work, workers, and workplace characteristics in the modern era. These changes include increased volatility, complexity, uncertainty, and ambiguity in the workplace, as well as more flexible work arrangements and a global talent pool.
What is the social exchange theory about?4 answersThe social exchange theory is a widely influential theory in social sciences that has implications across various fields. It is not a single, concise theory, but rather a family of conceptual models that share a paradigm. According to this theory, individuals and organizations enter into and maintain relationships with the expectation that the rewards of the interaction will be greater than its costs. When this expectation is met, the exchange tends to be repeated, leading to increased trust, commitment, and the development of relational exchange norms. The theory also emphasizes the importance of reciprocity principles, exchange relations, and the impact of various factors on the exchange process.
How does social exchange theory explain the behavior of individuals in a social context?5 answersSocial exchange theory (SET) explains the behavior of individuals in a social context by proposing that individuals enter and maintain relationships with the expectation that the rewards of the interaction will outweigh the costs. When this expectation is met, the exchange tends to be repeated, leading to increased trust, commitment, and the development of relational exchange norms that govern the relationship. SET is based on the idea that individuals engage in a series of interactions that generate obligations, and these interactions are influenced by values, memory, and expectations. The theory has implications across various fields and has been used to understand workplace behaviors and organizational outcomes, such as organizational commitment. SET is considered a micro-level theory that provides a psychological explanation for social behavior, and it has been criticized for its lack of consideration for essential human aspects and its view of the world as a balanced exchange system.
What is the social exchange theory?4 answersSocial exchange theory (SET) is a widely influential theory in social sciences that has implications across various fields. It is not a single, concise theory, but rather a family of conceptual models that share a paradigm. The theory suggests that individuals and organizations enter into and maintain relationships with the expectation that the benefits of the interaction will outweigh the costs. When this expectation is met, the exchange tends to be repeated, leading to increased trust, commitment, and the development of relational exchange norms. SET has been applied in various contexts, including supply chain and marketing, tourism, and workplace behaviors. It has been used to explain residents' perceptions towards tourism, attitudes towards organizational commitment, and workplace behaviors.
What social exchange theory said?5 answersSocial exchange theory is a conceptual framework that focuses on the exchange of resources between individuals or groups. It emphasizes the idea that individuals enter into and maintain relationships with the expectation that the benefits of the interaction will outweigh the costs. This theory suggests that when the rewards of the exchange are greater than the costs, the relationship is more likely to be repeated and strengthened over time. Social exchange theories also consider communication as a means of negotiating and conducting exchanges, and even as a resource that can be exchanged directly or symbolically. The theory encompasses various propositions, such as the success proposition, stimulus proposition, value proposition, and rationality proposition. However, there are criticisms regarding the lack of theoretical precision and limited predictive ability of social exchange theory.
How has Social Exchange Theory been used in research?3 answersSocial exchange theory has been used in research to understand and explain various social phenomena in management, sociology, and social psychology. It has been applied to study the exchange of resources, both material and symbolic, between individuals. The theory focuses on the negotiation and conduct of exchanges, with communication serving as the means through which exchanges are conducted. Researchers have also explored the role of expectations, comparisons, and alternatives in social exchange relationships. Social exchange theory has been used to explain individual behavior and to make scientific propositions about social behavior. In organizational settings, social exchange theory has provided a basis for understanding exchange relationships and has been further explored in terms of cultural and individual differences. Additionally, social exchange theory has been applied to study knowledge-sharing behavior, with social interaction, trust, and IT support as important factors.

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