Contemporary Leadership Theories - Explained
What are Contemporary Leadership Theories?
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What are Contemporary Approaches to Leadership?
He most widely-recognized, contemporary approaches to leadership include:
- Transformational Leadership
- Leader-Member Exchange
- Servant Leadership
- Authentic Leadership
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What is Transformational Leadership?
The transformational leadership approach highlights the importance of leader charisma, inspirational motivation, intellectual stimulation, and individualized consideration as methods of influence. Its counterpart is the transactional leadership approach, in which the leader focuses on getting employees to achieve organizational goals.
What is Leader-member Exchange?
According to leader-member exchange (LMX) approach, the unique, trust-based relationships leaders develop with employees are the key to leadership effectiveness.
What is Servant Leadership?
Recently, leadership scholars started to emphasize the importance of serving others and adopting a customer-oriented view in leadership; another recent focus is on the importance of being true to oneself as a leader.
What is Authentic Leadership?
While each leadership approach focuses on a different element of leadership, effective leaders will need to change their style based on the demands of the situation as well as using their own values and moral compass.