Leadership approaches refer to the various methods and styles that leaders use to guide and influence their teams. Common approaches include transformational leadership, which focuses on inspiring and motivating followers to achieve their full potential, and transactional leadership, which emphasizes structured tasks and rewards for performance. Each approach has its strengths and is suited to different situations. Another important leadership approach is servant leadership, where the leader prioritizes the needs of their team members, fostering a supportive environment. Additionally, situational leadership suggests that effective leaders adapt their style based on the context and the maturity of their team, ensuring that they meet the specific needs of their followers.