Situational Leadership Analysis

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What is Situational Leadership? How can you/leaders use situational leadership in their daily activities to better their organization? How can Situational Leadership be used to develop employees throughout the organization?
Where would you see yourself on the Situational Leadership map? Do you think Situational Leadership would have a benefit to training other managers/leaders to help develop their skills within the organization?
Research articles on Situational Leadership and articulate the pros and cons of this leadership theory and practice.