The Team Leadership Exchange Theory

The leader-member exchange theory often referred to as LMX, is a management theory which analyzes the relationship maintained between the manager or the leader and the members or subordinates within a group and organization. It further explains how this relation can either help the firm in growing or hold it back to its current position.

Leadership can be defined as the process of identifying a goal, motivating others, and make them to achieve the mutually goals (Giltinane, 2013). According to Humphreys (2002), successful leaders do this by applying their leadership knowledge and skills. A good leadership is not only good at management, but also use different leadership styles in different situations. A successful corporation must has a good leader who have the flexible ability which can provide a suitable leadership to make the company successful. Furthermore, there have no perfect leadership styles in the world. Different leader have different leadership styles which also have the different strengths and weaknesses (Ali & Waqar, 2013). Leaders need to consider

In today’s competitive world, leadership skills are crucial for both personal and professional development. Leadership is an important function of management which helps an individual or a business to maximize efficiency and to achieve goals. Leadership has different meanings to various authors.Most commonly, leadership is defined as influence, that is, the art of influencing people so that they will strive willingly and enthusiastically toward the achievement of group goals. (Koontz). Leadership is the process of influencing the activities of either formal or informal group in the task of goal setting and goal achievement. A leader is one whose magnetic personality innervates people for some cause. Not by words, but by their actions is

Leadership is a process of influencing activities of a particular group of people with the aim of attaining certain stipulated goals. In defining leadership there is need to consider a particular group, the common goals and the duties that are allocated to specific members of the group depending on their abilities (Fiedler 1976). Leadership therefore cannot successfully occur unless members of the group are given different considerations in terms of personality, traits and responsibilities. In considering leadership, it is important to look at the leader, the group or organization they are leading, the members as individuals and the situation; these are

According to organisational behaviour by McShane, leadership is defined as influencing, motivating and enabling others to contribute towards the effectiveness and success of the organisation of which they are members (page 382, McShane).Becoming an effective leader depends on the leader’s leadership style. Successful leaders have vision and charisma, also the leader should have an ongoing personality, talkative, careful and self-disciplined. The leader must also have self-concept

The trait leadership theory focuses on the individual leader’s personal characteristics as the basis of its investigations. It is one of the earliest leadership theories upon whose tenets many researches on leadership have been done. Although it is not very coherent, its heuristic nature has contributed to its significance in leadership research. Zaccaro and Klimoski (2002) define traits of reference to leadership as the stable personality characteristics, which result in a consistent leadership performance pattern, given different scenarios and groups. They include individual personalities, temperament, rationale, prowess, as well as cognitive abilities. Initially, the theory explored both physical and psychological characteristics that tell apart leaders from non-leaders.

Leadership is a very broad topic; I never knew just how many different traits and skills that it takes to become an effective leader. Some of which I was familiar with, and others that I was not aware of, but now from taking this course, they all seem to be necessary for the role of leadership. The attached paper, will explain of some of the important theories and concepts that I thought were most important to be able to become and effective leader.

Leadership is a term on which no one can develop a mutual consensus as it carries a different meaning for ach individual. Some people may consider a person as their leader who is capable of taking them away from hardships, some people may consider the one as their leader who is quite charismatic and can show them dreams of a bright future or some people may consider that man as a leader who can make them progress by devising wise strategies for them etc. There is, somehow, something very common in all the perspectives that are the philosophy behind the definition, which is related to choosing a best of the best person as their leader. Nobody wants to have a person as his leader who doesn’t have knowledge of the needs and aspirations of his

The topics discussed by Northouse, Kouzes, and Posner are team leadership. Team leadership are work units that have are interdependent and share common goals (Northouse,2016). In this week?s unit, team leadership will be explained through the Hill Model for Team Leadership and how it applies to team effectiveness. Furthermore, virtual and non-virtual team will be compare and contrast and how to create cohesiveness. Team leadership theory is the key to developing success high performing teams.

If one has no leadership ability, one cannot be a leader. If one does not make what his or her followers consider the correct decisions to achieve their goals, no one will have faith in the leader's abilities and, consequently, no one will follow and without followers, there can be no leader. Another important criterion which one must have in order to be a leader is a person who leads a crowd in the direction where the goal can be accomplish as well as someone who acknowledges a problem and finds solutions to it.

Over the years, a great deal of time, and research has been dedicate to the study of leadership. Even with extensive data on the topic, many still disagree on what leadership really means. Hence, leadership is a word that has many different meanings and different researched theories associated with it. On a basic level, leadership involves having and establishing a clear vision, sharing that vision with followers, respecting followers, and leading an organization with excellence while ensuring that everyone is part of the team. Leadership is also a method by which a leader uses his or her influence towards getting a group of followers to take ownership or buy into a vision.

Leadership is something that can be taught (Northouse, 2015. There are some valuable theories, which will be discussed later in this paper, how a leader can develop into having a strong influence in any daily aspect of their lives. Also later in this paper it will be discussed the various styles of leaders that can affect the behaviors of the actions of each leader. Each leader can learn these attributes or some of them just have the natural capability of being a leader.

Leadership has been a topic that has been researched for a long time in many disciplines. Leadership as a personality focuses on the characteristics of an individual that gives them power to act as leaders. There is leadership as an attribution this approach views leadership as phenomenon that causes group of followers to have outcomes.(Wu et al, 2010, 90).Researchers have used the following approaches to study leadership; they are mainly trait, behavior, power influence, situation and integrative approaches. Trait approaches focuses on the characteristics, values, skill and personality of leaders. Behavior approaches is focused on the leaders behaviors, differentiating between the behavior of ineffective and effective leaders. Integrative approach combines all the approaches to have a holistic picture of the process, outcomes and determinants of leadership. The approach that this paper uses is situational approach that is not leader centered but more on the significance of the context as an influence of leadership. Leaders should be able to choose the leadership quality appropriate to a particular situation.

There are always chances and possibilities to become a good leader regardless the odds against you, gender, age, race, education, previous experience, etc. This paper defines what leadership is and it explains the relationship between leadership and influence. It also highlights the importance of finding opportunities to develop skills and creating strong to become a good leader. It is also emphasized the power of influence that comes from motivating your team, to improve performance and satisfaction and that setting a clear goal is mandatory for good leadership. The conclusion summarizes all the topics under discussion.

Shared collective and leader-member exchange (LMX) represent two types of leadership approaches utilized in organizations. Each approach represents a different set of relationships between leaders and followers and the impact the relationship has on organizational outcomes. Baghai and Quigley (2012) write the definition of leadership has continued to evolve and symbolizes different concepts such as productivity, purpose, and people. This paper will explore both the shared collective approach and the leader-member exchange approach and the relevance of each approach to current organizations.