: SAGE: leader-member exchange theory

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leader-member exchange theory

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 Theory]

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