Contemporary Leadership Theories
Contemporary Leadership Theories Podcast Transcript
Speakers: Scott, Diane, Candice Shehorn
Scott: Hey everyone, welcome to the podcast where we talk in detail about management and business principles that YOU need for success.
Scott: And today we have a great discussion planned about leadership theories.
Diane: That's right, and there are quite a few to dive into. Today there are four main views regarding leadership: leader-member exchange, charismatic-visionary leadership...
Scott: And team leadership and transformational-transactional leadership.
Diane: Now, it is important to realize at the outset that these are theories, and while they are the most widely accepted leadership theories today, that isn't necessarily a commentary on how good or effective one leadership theory is over another. Like anything else, a myriad of factors are in play that determine what sort of leadership theory will be the most effective in a given situation.
Scott: And I think a prime example of that, Diane, would be the leader-member exchange, or LMX, theory. This is a theory that anyone who has ever worked a day in their life has probably encountered at one point in time or another. This theory posits that leaders have two groups of people underneath them: in's and out's. It doesn't take a lot to figure out that, much like picking teams in kickball in grade school, we're talking about playing favorites.
Diane: It is, but that isn't always a bad thing. While people who are in the "out group" will typically enjoy their job less or not perform at par, those in the “in group” will usually over perform because there has been so much investment in those individual employees. It's not necessarily the best way to lead, but when it comes to those employees who might already have a bad attitude or be lacking in certain aptitudes to do a job effectively...
Scott: It's a way to separate the wheat from the chaff?
Diane: Exactly! And while LMX is an example everyone can relate
Speakers: Scott, Diane, Candice Shehorn
Scott: Hey everyone, welcome to the podcast where we talk in detail about management and business principles that YOU need for success.
Scott: And today we have a great discussion planned about leadership theories.
Diane: That's right, and there are quite a few to dive into. Today there are four main views regarding leadership: leader-member exchange, charismatic-visionary leadership...
Scott: And team leadership and transformational-transactional leadership.
Diane: Now, it is important to realize at the outset that these are theories, and while they are the most widely accepted leadership theories today, that isn't necessarily a commentary on how good or effective one leadership theory is over another. Like anything else, a myriad of factors are in play that determine what sort of leadership theory will be the most effective in a given situation.
Scott: And I think a prime example of that, Diane, would be the leader-member exchange, or LMX, theory. This is a theory that anyone who has ever worked a day in their life has probably encountered at one point in time or another. This theory posits that leaders have two groups of people underneath them: in's and out's. It doesn't take a lot to figure out that, much like picking teams in kickball in grade school, we're talking about playing favorites.
Diane: It is, but that isn't always a bad thing. While people who are in the "out group" will typically enjoy their job less or not perform at par, those in the “in group” will usually over perform because there has been so much investment in those individual employees. It's not necessarily the best way to lead, but when it comes to those employees who might already have a bad attitude or be lacking in certain aptitudes to do a job effectively...
Scott: It's a way to separate the wheat from the chaff?
Diane: Exactly! And while LMX is an example everyone can relate