This report provides an overview of leadership theories, focusing on their application in various business situations. It begins by introducing the concept of leadership theory and its importance in effectively managing a workforce. The report then delves into two prominent leadership theories: Fiedler's contingency model and path-goal theory. It examines how Fiedler's model, dependent on situational factors, can be applied, particularly where leader-member relationships are strong. The report also explores the path-goal theory, emphasizing its focus on employee motivation and different leadership styles, such as supportive, directive, participative, and achievement-oriented. The report uses examples to illustrate how these theories are relevant to business management. The conclusion summarizes the benefits and limitations of each theory, highlighting their roles in enhancing organizational processes. The report includes references to academic journals and online resources supporting the discussion.