When employees do something successful, managers reward them. While authority is granted by one’s position within an organization, leadership is the ability to mobilize and motivate a team. Theories of Leadership – Trait, Behavioural and Situational Theory. The Great Man theory sees leadership … In this theory, leadership is seen as a heroic act on the part of the individual. Here are some of the main ideas. EARLY LEADERSHIP THEORIES TRAIT THEORY • “Leaders are born, not made.” • The trait approach to leadership was one of the earliest theories of leadership. According to this theory, no leadership style is best in all situations. Understanding and applying the best practices from management theories can help you be more effective in guiding your team to success. Hillsdale, NJ: Lawrence Erlbaum; 2003. LMX theory explains that in any group or organization, there are in-group members and out-group members. … Management theories, also known as transactional theories, focus on the role of supervision, organization, and group performance. The following three theories of Leadership are the most prevalent ones. Effective leaders utilize a variety of leadership theories change management, styles and techniques in managing change in today's dynamic global marketplace. Behavioral Theories: When it became evident that effective leaders did not seem to have a particular … This question is one of the difficulties in using trait theories to explain leadership. Leadership and management can have the same qualities, but that's not always the case. Like extroversion, self-confidence, and courage are all traits that make strong. 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