Management Dynamics

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Leadership as an area of research has taken a lot of curves in the past. Over the past around 90 years, leadership phenomenon evolved in different dimensions and that its interpretation has gone a sea-change. The present paper is an endeavour to understand the different phases of leadership wherein prominent leadership theories have been identified and also strives to understand the effectiveness of such research conducted in the past. Prominent theories like transformational, charismatic and leader-member exchange theories have been discussed in detail to unveil the potential of such existing body of knowledge. The paper also shed some light on the future trends of leadership research thereby suggesting the benefit out of the whole process of development.
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