The president of a small asian country was hailed as a visionary and a genius when the nation's economy burgeoned during his first term in office. however, when the currency and the stock markets crashed during his government's second term, he was criticized as arrogant, elitist, and shortsighted. this scenario reflects the theory of leadership.

Attribution theory of leadership

Explanation: As per the attribution theory of leadership, the decisions taken by the leader are heavily influenced by the attributes given to his employees by him. This approach of leadership is also seen in management style and the perception under this theory changes very fast.

In the given case when the economy was performing well the attributions judged for the leader were visionary and genius but as soon as problems starts occurring he was considered as an arrogant and elitist.

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