Describe and discuss modern theories of leadership. What is the difference between successful and an effective leader? Explain with examples. 

Leadership is a critical factor in the success of any organization. Over the years, several modern theories of leadership have emerged, each with its own perspective on what makes an effective leader. Here is a brief overview of some of the modern theories of leadership:

1. Transformational Leadership: Transformational leaders inspire and motivate their followers to achieve their full potential and work towards achieving the organization's goals. They are able to create a shared vision, communicate it effectively, and empower their followers to take ownership of their roles and responsibilities. Transformational leaders often use charisma and emotional intelligence to build strong relationships with their followers.

2. Situational Leadership: Situational leaders adjust their leadership style based on the situation and the needs of their followers. They are able to assess the readiness and maturity of their followers and adjust their leadership style accordingly. This approach allows leaders to be flexible and adaptable, which is particularly useful _________ ___ _____ ______ ___ _________ _______ _____.
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