Contemporary Theories of Leadership
Leaders are important—to organizations and to employees. The understanding of leadership is a constantly evolving science. Contemporary theories have built upon the foundation we’ve just established to discover the unique ways leaders emerge, influence, and guide their employees and organizations. Let’s explore some of the leading current concepts, and look for aspects of the theories we’ve discussed already.
Leader–Member Exchange (LMX) Theory
Think of a leader you know. Does this leader have favorites who make up an ingroup? If you answered “yes,” you’re acknowledging leader–member exchange (LMX) theory.21 LMX argues that, because of time pressures, leaders establish a special relationship with a small group ...
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