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Social Exchange Theory
A theoretical perspective that views social relationships as transactions where individuals seek to maximize their benefits while minimizing their costs.
Leader-Member Exchange Theory
A concept that centers on the relationship between leaders and their followers, emphasizing the effect of these dynamics on work outcomes.
Relationship
A connection, association, or involvement between two or more parties, individuals, or entities.
LMX
Leader-Member Exchange theory, which focuses on the two-way (dyadic) relationships between leaders and followers.
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