Exemplary embodiments of the invention are directed to drive mechanisms that may be used in, for example, power transmission and/or speed reduction applications. Exemplary embodiments of the invention may include a housing within which is located a wheel. A portion of a wave generator and a portion of an output element also reside within the chamber and are in communication with the wheel. Rotation of the wave generator causes a rotation of the wheel in a slipping manner and, thus, with a reduced rotational speed. Rotation of the wheel causes a rotation of the output element.