Leadership Strategy and Innovation

LEADERSHIP STRATEGY
AND INNOVATION

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................1

INTRODUCTION
Leadership strategy refers to a practise in which for making the organizational operations
and management successful, a leader forms a plan for long term is known as leadership strategy.
Leader member exchange theory narrates that the relationship a leader develops with its
employees or other members of the organization is having its direct impact on the performance
of employees. The theory strongly believes that the social relationship between a leader and
members of the organization paves way for creating such a strong and affluent relationship
between leader and members (Young, Glerum, 2021)
The essay is based on the conviction that to which extent the LMX theory has shown its
relevance in the contemporary entities. For fulfilment of the required notion some practical
examples are used to demonstrate that how leader member exchanges are affectively working to
enhance the productivity of employees, which ultimately reflects better performance of the
organization as a whole.
In the essay along with some practical examples, some arguments will be presented describing
the role of Leader member exchange in the modern form of business and how it can influence the
entities to hike their performance. For brining better understanding the arguments shall be
critically evaluated. All relevant arguments such as role of leader and relationship between
workplace fun and high creativity of employees, justice, equality and conflicts in teams etc. are
discussed in the essay.
MAIN BODY
LMX is very relevant in the modern age of business since with the progress of time the
organizational structure is getting more complicated, now the toughest task is to manage human
resources in an organization, with this regard the role of LMX is very much relevant.
Identification of the ingredients of high quality relationship
This is a prominent role of a leader to identify sort of indications in order to develop
strong relationship with employees in the organization. LMX mainly focus on creating intensive
relationship between leader and members in the organization (Siddique, Siddique and Siddique,
2020)
For example TESCO which a global retail giant is working with a lot of employees
across the world so for development of high performance employees it executes LMX by making