Answer:
The leadership theory that Owen subscribes to is participative theory.
Participative leadership theory involves leaders who value and encourage the input and participation of their team members. This theory is also known as democratic leadership because it emphasizes the importance of collaboration and decision-making by consensus. In this approach, the leader encourages team members to share their ideas and insights to achieve the best possible outcomes.
Owen's behavior of asking for new ideas and suggestions from his team members and having staff meetings to collaborate and make decisions together is a clear indication that he values the input and participation of his team. Therefore, the leadership theory that Owen subscribes to is participative theory.