What is Leader-Member Exchange Theory? And Should You Use LMX Theory?

The video discusses Leader-Member Exchange (LMX) theory, which describes how leaders form unique relationships with their followers. It outlines the stages of LMX: role taking, role making, and role committing, highlighting both positive outcomes like increased loyalty and negative aspects such as bias and discrimination. The video also provides steps to mitigate these negative effects by identifying out-group members, re-establishing relationships, and offering development opportunities.

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