Social Cognitive Theory was developed in the 1960s and 1970s by Albert Bandura as a response to earlier theories like Freud's psychodynamic theory and humanistic theories. It proposes that personality is shaped by three main factors: environmental influences, behaviors, and cognitive factors. Some key cognitive processes in Bandura's theory include language ability, observational learning, purposeful behavior, and self-analysis. Bandura's theory focuses on how cognitive factors like goals, values, and beliefs influence personality development in areas such as locus of control, delay of gratification, and self-efficacy.