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The purpose of this paper is to review and extend leader‐member‐exchange theory (LMX). It also describes the new “Leadership‐Motivated Excellence Theory” (LMX‐T), and its implications for managing members of new generations.

This is a conceptual paper and does not employ research methods.

Recent findings included in this review and extension of LMX theory suggest that members of the millennial generation (born 1978‐1996) are having difficulties in finding a common ground with their chosen career organization after college. The new LMX‐T suggests that forming unique strategic alliances with team members may increase the inclusion of these generational members, and help them tackle common organizational problems.

The review of the new Leadership‐Motivated Excellence Theory suggests that managers may want to redesign their managerial leadership climate to make it more “millennial friendly”.

This review provides a unique perspective on the employee development needed for new generations of employees.

Considers the success of the Leader‐Member exchange (LMX) model tested over various populations. States that it has not been tested in the selection of employees for international assignments. Attempts to use this model to explain why females may not be selected or offered these roles. Concludes that initial results suggest that LMX quality may play a major role in international assignment selection and provides some implications for future research.

Through a survey of 200 employees working in five of the thirty establishments analysed in previous research about the microeconomic effects of reducing the working time (Cahier 25), the consequences on employees of such a reduction can be assessed; and relevant attitudes and aspirations better known.

This issue is a selected bibliography covering the subject of leadership.