The document discusses several theories of leadership: - Contingency theory proposes that effective leadership depends on assessing followers' needs, the situation, and acting accordingly rather than any single leadership style. - Situational theory similarly stresses adapting style to followers' maturity and the situation. - Transformational leadership inspires followers to achieve more through motivation and charisma. - Transactional leadership uses rewards and punishments to motivate followers to achieve goals. - Behavioral theories examine what leadership behaviors are most effective. - The great man theory argues that great leaders are born with innate leadership traits rather than made through learning and experience.