INTRODUCTION TO ENTREPRENEURSHIP
ENTREPRENEURIAL PROCESS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which approach emphasizes the importance of adapting leadership style to fit the specific circumstances faced?
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Resource-based approach
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Situational approach
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Behavioral approach
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Equity approach
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Explanation:
Detailed explanation-1: -The contingency theory of leadership focuses on how specific situations affect a leader’s effectiveness and how a leader’s ability to adapt can be their most important tool in the workplace.
Detailed explanation-2: -By adapting to the situation or individual, a leader will communicate effectively, foster team bonding and provide a sense of belonging, which can prevent low employee morale and high turnover.
Detailed explanation-3: -Fiedler’s Contingency Theory, also known as Fiedler’s Contingency Model or Fiedler’s Theory of Leadership, states that there is not one best style of leadership. Rather, the most effective leadership style for any given situation is one that aligns with the situation at hand.
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