Final answer:
The Life Cycle Theory of Leadership, also known as the Situational Leadership Model, emphasizes that leaders should adapt their style to the readiness level of their team members.
Step-by-step explanation:
The leadership theory that focuses on the concept of readiness and is also referred to as the situational model of leadership is the Life Cycle Theory of Leadership, which is otherwise known as the Situational Leadership Model. This theory suggests that leadership style should be adjusted based on the maturity and ability of the team members, or their 'readiness.'
According to this theory, leaders need to evaluate and adapt their style to fit the developmental level of the employees they are trying to influence. The maturity levels range from low (where people require specific guidance and cannot perform a task by themselves) to high (where people are capable and willing to perform tasks without supervision).
The Life Cycle Theory of Leadership accounts for how leaders must change their approach in response to the evolving competencies and commitment of their team members, proposing a flexible leadership style that can be tailored to the situation and the readiness of the team.