profession. Modern social exchange theories are based on the principle of utility. Read the assumptions of social exchange theory and consider how these would affect the nurse-patient relationship‚ compared to how these impact the nurse within the health care environment. To what extent are all theories ethical? Is social exchange theory compatible with the values of the nursing profession? Social exchange theory is a social psychological and sociological perspective that explains social change and
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Leader Member Exchange Theory Considerable research has shown that leaders can significantly influence individual‚ group‚ and organizational performance (Gerstner & Day‚ 1997; Judge‚ Piccolo‚ & Ilies‚ 2004; Lowe‚ Kroeck & Sivasubramaniam‚ 1996). Different leadership theories articulate a number of mechanisms through which leaders have such influences (Northouse‚ 1997). An alternative approach to understanding leaders’ influence on individual follower or subordinate effectiveness is through the focus
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Social Exchange Theory: Application to Advance Nursing Anita Thigpen Perry School of Nursing Texas Tech University Health Sciences Center Social Exchange Theory: Application to Advance Nursing Both sociology and psychology try to explain why human beings do what they do‚ and act in the manner in which they do. Social Exchange theory attempts to explain how we interact with one another and what we get from those interactions. The purpose of this paper is to look at how Social Exchange theory
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Employee Performance: Theory‚ Research and Practice Fred Luthans University of Nebraska Department of Management Lincoln‚ NE 68588-0491 e-mail: fluthans@unl.edu Alexander D. Stajkovic University of Wisconsin-Madison Department of Management and Human Resources The Impact of Recognition on Employee Performance: Theory‚ Research and Practice Introduction Although money receives the most attention as a reinforcer and incentive motivator‚ and is even equated with reward systems by practicing
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Introduction In recent years‚ much economic theory and research has looked at the phenomena of wage rigidity and involuntary unemployment1‚ and within the domain of labour economics much attention has been devoted to the phenomenon of inter-industry wage differentials. Many theories have sprung up to explain these phenomena‚ and one of these‚ Efficiency Wage Theory‚ has attempted to shed light on all three of them. In short‚ Efficiency Wage Theory states that the productivity of workers depends
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Leader-Member Exchange Theory Getting the Best From all Team Members (Also known as LMX or Vertical Dyad Linkage Theory) Meaning of LMX This situation is at the heart of the Leader-Member Exchange Theory. This theory‚ also known as LMX or the Vertical Dyad Linkage Theory‚ explores how leaders and managers develop relationships with team members; and it explains how those relationships can either contribute to growth or hold people back. Intro to LMX Understanding the Theory The Leader-Member Exchange Theory
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There are many theories galore in business. Most have a lot of practicality behind them. The Leadership Member Exchange Theory is one of those theories. Human beings tend to form relationships with others. Some relationships are good. Some aren’t. This theory examines the relationship between a leader and his group members and the unique ways these relationships can develop. People who are closer to the leader and usually have more responsibility and higher access to available resources are called
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The Leadership member exchange theory according to many sources‚ states that all relationships between managers and subordinates go through three stages. (LMX Theory 1975) These three stages are identified as role taking‚ role making‚ and routinization. Role taking is first‚ and as soon as new members enter your group. During role taking‚ members take time to evaluate these new members‚ and come up with an idea of their strengths. Role making is the second stage where the manager or leader subconsciously
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How Blau?s Exchange Theory is Applied to Both Levels of Sociological Theory The endeavor of shifting a micro-sociological theory into the realm of a macro-sociological view of society requires ambition‚ empirical evidence‚ and clarity. Peter Blau makes this attempt in his essential work‚ ?Exchange and Power in Social Life.? Blau manages to accomplish the three requirements for such a task with the exception clarity. This writing hopes to fill this void of clarity with the following explanation of
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Rewards Companies reward their employees with both tangible goods‚ as well as praise. For example‚ a sales department may offer a monthly bonus to the highest earner. Not all tangible rewards come in the form of money. Some companies host free lunches‚ or give away company gear to good workers. Many managers choose to reward their best employees by simply praising them for a job well done‚ or by recognizing the hard work they put in to a project. Workplace reward systems are incentive programs that
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