LEADER-MEMBER EXCHANGE THEORY (LMX THEORY!

An assumption that leaders will develop relationships which typically involve a degree of exchange between themselves and subordinates or co-workers. Two groups form, one with a strong LMX relationship (the in-group or unit) and another lacking in a strong LMX relationship (the out-group).

LEADER-MEMBER EXCHANGE THEORY (LMX THEORY!: "In the workplace, some leaders of groups or companies have been known to swap their characteristics (leader-member exchange theory), if only temporarily with other workers to widen their skillset."
Cite this page: N., Pam M.S., "LEADER-MEMBER EXCHANGE THEORY (LMX THEORY!," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/leader-member-exchange-theory-lmx-theory/ (accessed October 17, 2019).
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