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Leader-Member Exchange Theory
Leader-Member Exchange Theory (LMX) examines leadership dynamics in terms of personal relationships between an organizational leader and follower. However, this personal relationship exists in a professional setting. What is the difference between a Dyadic Relationship and a friendship? LMX Theory promotes the positive aspects of personal relationships between a leader and a follower. But, are there some leaders and/or followers that can’t have very personal relationships with their co-workers, and is this good, bad, neither, and why?
Identify four leadership styles associated with the path-goal theory. Explain each style and relate it to styles described in other theories. Can leaders exhibit more than one style?