Self-Efficacy and Shell Oil

Paper Summary:

This paper briefly reviews Albert Bandura's argument regarding the concept of self-efficacy as a model for personal growth and applies it to Shell Oil to show that it has business psychology applications. An argument is presented to show that Shell Oil can benefit from implementing the four main processes Bandura identifies in order to improve company performance.

From the Paper:

"In his essay titled "Self-Efficacy", Stanford's Albert Bandura describes an evolutionary model for personal growth and adaptation based on one's perceived ability "to produce designated levels of performance that exercise influence over events" in one's life (71). He argues that persons who have a strong sense of their own self-efficacy tend to accomplish more, thereby increasing their perceptions of their ability leading to a cycle of personal growth and that, contrariwise, persons who have low self-efficacies avoid challenges and growth, leading to personal stagnation, depression and stress."

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