The report is based on the study of different leadership theories and their importance in the 21st century business environment. It has described different aspects and factors influencing three leadership theories such as trait, behavioural and contingency theory. The report focused on the current multichannel restructuring plans of Tesco and Asda, the two retail giants of the UK. The study of the restructuring plans of these organisations has projected the mass changes in leadership roles and responsibilities of their managerial levels. These new leadership roles are more emphasised towards the needs of their online and store customers and the new advancement of technologies. Therefore, the study has utilized different leadership theories to explain the required traits and skills for the new managerial positions.
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