The primary consideration in the psychodynamic approach is to raise awareness of the leaders and followers to their own personality types and the implications of these types on their work and relationships. You can assess these types using MBTI or the ego states discussed.
Strengths to this theory would be that is emphasizes the leaders need for insight, discourages manipulation, and results in an analysis of the relationship between a leader and a follower rather than the individual.
Criticisms are that its based in abnormal psychology. It is also known to have reliability problems, and there are limitations to how easily can assess their ego state. It is important to note that this theory does not lend itself to traditional training.