Keywords: Affect, emotions, values, beliefs, LMX, Leader-member exchange, leader-follower relationships
The idea of LMX or leader-member exchange is that leaders and their individual followers form unique relationships, based on their different beliefs, values, attitudes, personalities and needs in a constant relationship building process. Additionally, these individual relationships are constantly being revised and influence the expectations, attitudes and actions of each party to the relationship. The idea of LMX, or the impact that the individual relationships between leaders and their followers have on each other, originated in the work of Dansereau, Graen and Haga in 1975. Initially called vertical dyad linkage, leader-member exchange has become a core part of the leadership research literature and understanding.
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