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1. Great Man TheoryAccording to the Great Man Theory (which should perhaps be called the Great Person Theory), leaders are born with just the right traits and abilities for leading â charisma, intellect, confidence, communication skills, and social skills.Main Tenets: The theory suggests that the ability to lead is inherent â that the best leaders are born, not made. It defines leaders as valiant, mythic, and ordained to rise to leadership when the situation arises. The term âGreat Manâ was adopted at the time because leadership was reserved for males, particularly in military leadership.2. Trait TheoryThe Trait Theory is very similar to the Great Man Theory. It is founded on the characteristics of different leaders â both the successful and unsuccessful ones. The theory is used to predict effective leadership. Usually, the identified characteristics are compared to those of potential leaders to determine their likelihood of leading effectively.Main Tenets: The trait theory try to identify leadership characteristics from different perspectives. They focus on the physiological attributes such as appearance, weight, and height; demographics such as age, education, and familial background; and intelligence, which encompasses decisiveness, judgment, and knowledge.3. Contingency TheoryThe Contingency Theory emphasizes different variables in a specific setting that determine the style of leadership best suited for the said situation. It is founded on the principle that no one leadership style is applicable to all situations.Main Tenets: It is believe that the best form of leadership is one that finds the perfect balance between behaviors, needs, and context. Good leaders not only possess the right qualities but theyâre also able to evaluate the needs of their followers and the situation at hand. In summary, the contingency theory suggests that great leadership is a combination of many key variables.4. Situational TheoryThe Situational Theory is similar to the Contingency Theory as it also proposes that no one leadership style supersedes others. Main Tenets: As its name suggests, the theory implies that leadership depends on the situation at hand. Put simply, leaders should always correspond their leadership to the respective situation by assessing certain variables such as the type of task, nature of followers, and more.5. Behavioral TheoryIn Behavioral Theory, the focus is on the specific behaviors and actions of leaders rather than their traits or characteristics. The theory suggests that effective leadership is the result of many learned skills.Main Tenets: Individuals need three primary skills to lead their followers â technical, human, and conceptual skills. Technical skills refer to a leaderâs knowledge of the process or technique; human skills means that one is able to interact with other individuals; while conceptual skills enable the leader to come up with ideas for running the organization or society smoothly.