Final answer:
Blanchard theory, specifically the Situational Leadership Theory (SLT), focuses on adapting leadership styles to match employees' readiness levels, widely used in managerial practices globally.
Explanation:
Blanchard theory refers to Kenneth Blanchard and Paul Hersey's Situational Leadership Theory (SLT), which emphasizes using different leadership styles based on employee readiness levels. This theory has gained popularity among managers globally, with many companies, including Fortune 500, implementing its principles.
Learn more about Situational Leadership Theory here:
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