Relationship of Extraversion & Motivation with Decision Making – Mediating Role of Psychological Well-Being

Abstract

The cognitive process of choosing between two or more alternatives, ranging from the relatively simple to the complex choices, is termed as Decision Making. Decision-Making is fundamentally a pervasive aspect of managerial action, and personality type plays a vital role. Motivation is a significant factor that urges individuals to give their best execution. Psychological well-being is the overall well-being of an individual. It acts as a mediator between the Extraversion Personality type and the Decision-Making and between an individual's Motivation and Decision-Making ability. Therefore, the present study is conducted on the relationship among four variables that are, Extraversion (IV1), Motivation (IV2), Decision-Making (DV), and Psychological Well-Being (MV). Data was collected using the Big 5 Inventory, Ryff’s Well-Being Scale, Work Extrinsic and Intrinsic Motivation Scale (WEIMS), and Flinders’ Decision-Making Scale, which was used to assess 200 individuals (100 males and 100 females) of Indian Corporate Profession between the age group of 23-55. There was an indirect relationship between the independent variables, Extraversion, and Motivation, with the dependent variable Decision-Making mediated by Well-Being. Psychological Well-Being acted as a perfect mediator between Extraversion Personality type and Decision-Making and between Motivation and Decision-Making. Therefore, there is full mediation