Question 1:

During the financial crisis in America, many Chief Executive Officers decided to give up their bonuses as a measure to deal with this drastic situation. Taking this statement as an example, explain the way in which a leader implements change in an organization.

Question 2:

According to many situational theories, the appropriate leadership style depends on the characteristics of the followers. Using any one of the situational theories, explain the above statement and describe other situational factors which will determine the leadership style.