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# Theories of Leadership The document describes different theories of leadership. **5) Theories of Leadership:** * **1) Transformational Leadership** (effective in change environments) * **2) Transactional Leadership** (effective in organizations with clear processes) * **3) Leader Characteristic...

# Theories of Leadership The document describes different theories of leadership. **5) Theories of Leadership:** * **1) Transformational Leadership** (effective in change environments) * **2) Transactional Leadership** (effective in organizations with clear processes) * **3) Leader Characteristics** (effective when specific characteristics are necessary) * **4) Leadership Styles** (applied depending on the environment) * **5) Situational Leadership** (effective in changing environments) **6) Basic Functions of Management:** * **1) Planning** (setting goals and creating plans) * **2) Organizing** (allocating resources and responsibilities) * **3) Leading** (guiding and motivating the team) * **4) Controlling** (monitoring performance and making corrections)