Need business and finance help with Discussion question 2 week 3

timer Asked: Nov 16th, 2015
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Question Description

List and discuss some of the strengths and weaknesses of the Leader- Member Exchange theory.

Tutor Answer

School: New York University

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strengths of the Leader- Member Exchange theory
  1. It is an exceptional theory of leadership as unlike other theories, it concentrates and talks about specific relationships between the leader and each subordinate.
  2. This theory focusses our attention to the significance of communication in leadership. Communication is a medium through which leaders and subordinates develop, grow and maintain beneficial exchanges. When this communication is accomplished by features such as mutual trust, respect and devotion, it leads to effective leadership.
  3. The theory is very much valid and practical in its approach.
  4. It is a robust explanatory theory in the sense that it explains how the membership affects good leadership in a certain organization.
 weaknesses of the Leader- Member Exchange theory
  1. Theory fails to explain the particulars of how high-quality exchanges are created
  2. Theory is objected on grounds of fairness and justice as some followers receive special attention of leaders at workplace and other followers do not.

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