Question

what are traditional, contemporary, and emerging leadership theories? why do companies use these theories? what are the advantages and disadvantages of a company using those theories?

Answer 1

Ans.

Traditional leadership theories focused on that the leaders are born with the quality of the leadership like influencing , getting things done , strategic thinking, planning , organization and directing abilities. This focused more on the transactional aspect of getting things done by leader.
Contemporary theories focused on the transformational aspect of leadership and more as a servant leader.
Emerging leadership theories argue that leaders are not just born but people can be trained and through experience they can learn the competencies of the leadership such as inspiring , transformin g organisations or their employees, situational adaptability, strategic thinking and more as adaptive style of the leadership and not just being fixated to one particular style.
Advantages of using these theories is that the company can groom their managerial talent to take up the leadership roles in the organization and help company to succeed in the competitive marketplacs. Also it helps companies to grow and retain top talent and contribute to growth of nation by creating better and happy workforce. Challenges can be leadership grooming is not just science but also art. All the managerial personnel may not succed in their leadership journey or after being groomed they may leave the company to a competitor .