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social science subjects > business and management > leadership (business) > process approach to leadership > leader-member exchange theory
... > social science subjects > psychology > social psychology > group dynamics > theory (group processes) > leader-member exchange theory

Preferred term

leader-member exchange theory  

Definition

  • Leader-member exchange (LMX) theory is rooted in the idea that leaders and followers exchange benefits, and that their relationships are at the heart of the leadership process. Social scientists have long attempted to understand how people relate to each other, beginning with explorations of costs and rewards, interpersonal behavior, and human relationships. [Source: Encyclopedia of Group Processes & Intergroup Relations; Leader-Member Exchange (LMX) Theory]

Broader concept

Entry terms

  • LMX theory

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https://concepts.sagepub.com/social-science/concept/leader-member_exchange_theory

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