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The leader–member exchange (LMX) theory is a relationship-based approach to leadership that focuses on the two-way relationship between leaders and followers. [1]The latest version (2016) of leader–member exchange theory of leadership development explains the growth of vertical dyadic workplace influence and team performance in terms of selection and self-selection of informal ...
The theory focuses on types of leader-subordinate relationships [4] which are further classified into subgroups, namely the in-group and the out-group. [5] The in-group consists of members that receive greater responsibilities and encouragement, [ 5 ] and are able to express opinions without having any restrictions.
Psychological research in the theory of LMX has empirically proven its usefulness in understanding group processes. The natural tendency for groups to develop into subgroups and create a clique of an in-group versus an out-group is supported by researcher (Bass, 1990).
For example, if x, y and z are elements of a group G, then xy, z −1 xzz and y −1 zxx −1 yz −1 are words in the set {x, y, z}. Two different words may evaluate to the same value in G, [1] or even in every group. [2] Words play an important role in the theory of free groups and presentations, and are central objects of study in ...
The quality of the relationship between the two can be described by Sahin as a term called leader-member exchange (LMX) theory. What LMX theory basically points out against McGregor theory is that “leaders develop unique relationships with different subordinates and that the quality of these relationships is a determinant of how each ...
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TOKYO (Reuters) -Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire the ...
Exploratory and value-added innovation require different leadership styles and behaviors to succeed. [14] Value-added innovation (PwC, 2010) involves refining and revising an existing product or service and typically requires minimal risk taking (compared to exploratory innovation, which often involves taking a large risk); in this case, it is most appropriate for a leader for innovation to ...