Capstone - Leadership Theory

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The response addresses the query posted in 1595 words words with APA references

//Leadership is an important concept that helps an organization to manage its work effectively. Leaders help in adding value to the company by motivating the employees to achieve the organizational objectives. In relation to this, various leadership theories and concepts are discussed ahead. //
In the competitive business environment, effective leadership has become an essential component for the success of the company. Leadership can be described as the process of persuasion through which a leader or leadership team stimulates the employees to pursue the goals shared by the leader and his followers (Sadler, 2003). In other words, leadership can be defined as an influencing process in which a leader gathers commitment from the followers and influence them to realize organizational goals. As per Truman, leadership can be described as the ability or quality to get the work done by others that is not liked by them (Sadler, 2003). It is an ability or skill of an organization or individual to guide or lead others, teams or organizations.
An organization to succeed in the competitive business environment requires effective leadership Burns, 2012). Effective leadership will contribute in motivating the employees effectively that can help in the successful attainment of the organizational goals and objectives. A leader is a person that guides the team or other men to work and achieve the aims and objectives. Leadership can also be described as a constant process through which an individual derives results and optimum performance through the support of his followers, peers, superiors, and subordinates (Ray, 2013).
In context to business, leadership is related to multidimensional aspects of management and administration. Leadership plays an important role in the survival and success of the organization. There are different types of leaders and leadership theories that can help an organization to reach the pinnacle of success. In context to this, various leadership theories are discussed in the following section, which includes situational leadership, transformational leadership, servant leadership and followership.
//In the above section, the concept of leadership is defined and described. In the similar context, different leadership theories and concepts are explained in the section given below. The concepts of the different theories along with its implications and limitations are also discussed ahead. //
Situational leadership theory is the theory that defines in certain situations leaders ought to adopt particular leadership style because of the external and internal factors (Fairholm & Fairholm, 2009). In other words, leadership styles may differ in different ...