What is Leader-Member Exchange Theory? And Should You Use LMX Theory?
Leader-Member Exchange Theory is deeply problematic. In fact, I don’t like it. But it may be a model you want to adopt. It is certainly a theory you need to understand, so you can avoid its Dark Side.
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Introduction to Leadership
Program 3: Managing and Leading Individuals
Course 11: Leadership
Section 1: Introduction to Leadership
Other videos in our Introduction to Leadership:
🎬 What is Leadership? and Why do We Need Leaders?
🎬 The Leadership Skillset: What Every Leader Needs to be Able to Do
🎬 Leadership Attitudes: How to Approach Things Like a Leader
🎬 10-Step Leadership Process: A Simple Model for How to Lead
🎬 Leadership Traits, Roles, and Styles: Three Types of Leadership Model
Simple definition: ‘Favorites, but for the right reason’.
Leader–member exchange (LMX) theory suggests that leaders and followers develop unique relationships based on their social interactions, and the quality of these exchanges can influence outcomes.
How LMX Theory ‘Should’ Work
Stage 1: Role Taking
Stage 2: Role Making
Stage 3: Role Committing
How it Can Work (The Dark Side)
Characterization of follower potential can be riddled with bias. Leaders may favor followers who are:
• Like them
• …or worse
In-group and Out-group
The big problem is that LMX creates in-groups and out-groups.
Using LMX to Fix Problems
1. Identify Out-Group Members
2. Re-establish the Relationship
3. Look for Opportunities to Develop Them
What is your assessment of LMX Theory?
1. Argue for its strengths and benefits (2 MC CPD Points)
2. Now argue for its weaknesses and dangers (2 MC CPD Points)
3. Last, sum up with an overall assessment (2 MC CPD Points)
There are a vast number of Leadership books – perhaps more than on any other management-related topic. And there is also a huge range represented in different lists of the best. This no-doubt reflects the different contexts for leadership.
So, any recommended reading list of leadership books must be particularly subjective. I have chosen those that made me think, and which are of particular value to managerial leaders: not sportspeople, military leaders, or CEOs. In no particular order:
📖 Leaders Eat Last
📖 Start with Why
📖 Humble Leadership
📖 The Leadership Challenge
📖 The New Leaders
📖 Shackleton’s Way
📖 Why should Anyone be Led by You
📖 The Habit of Excellence
⭕️ Links to our book recommendations are affiliated through Amazon and help support our free videos
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00:00 – Leader-Member Exchange Theory – LMX Theory
00:26 – Favorites for the right reason
00:56 – The basics of LMX Theory
01:16 – How LMX Theory ‘should’ work
03:59 – How LMX Theory can go wrong
05:39 – Using LMX Theory to fix problems
08:34 – Summing-up LMX Theory
#ManagementCourses #Leadership #LMX