This paper will review the course content and will cover various theories of leadership. It will address any connection between leadership and inherited individual traits. It will also discuss leadership styles and how they apply to different situations and circumstances. Transformation theory has been discussed as the most relevant to most businesses in the current society and various reasons have been advanced to support its relevance. Is everyone cut out to be a leader? Various theories have been put in place to explain the concept of leadership on whether an individual is born a leader or not. Trait theory postulates that certain inherited qualities such as personality and cognitive traits are what yield into an effective leader. However, skills theory disapproves any connectivity between inheritated qualities and effective leadership but rather argues that learned skills, developed skills and acquired knowledge are key determinants of leadership performance. Does it make sense to change a person’s leadership style or the situation?