The document discusses the concept of self-efficacy and perceived competence. It defines self-efficacy as one's belief in their ability to execute actions required to handle situations. People with high perceived competence are better able to regulate motivation, remain task-oriented, and be resilient compared to those with low perceived competence. Self-efficacy is developed through mastery experiences, modeling, social persuasion, and managing physiological states. Increased self-efficacy provides benefits like improved work performance, health, and problem-solving abilities.