Objective:The objective of this assignment is to explore and understand various leadership styles. Students will choose two leadership styles from the provided listTraditional Leadership Styles, Transactional Leadership, Charismatic Leader, Transformational Leader, and Servant Leaderand present their understanding of each chosen style, including what characteristics and practices they would incorporate as leaders.Format: It can be a Word document or a PowerPoint presentation. Keep writing concise and point form. Instructions: Contents must include:IntroductionProvide a brief overview of the importance of leadership in various aspects of life, including business, organizations, and communities.Introduce the purpose of the paper: to explore and understand different leadership styles. Body $-$ Select any TWO $(2)$ leadership styles from the options provided and present the information as detailed in the bullet points for each style:$1.$ Traditional Leadership StylesChoose one traditional leadership style $($e$.$g$.,$ Autocratic, Bureaucratic, or Laissez$-$faire$).$Define the chosen traditional leadership style.Identify the key characteristics and traits associated with this style.Share real$-$world examples of leaders who embody this style.Explain how you would incorporate Traditional Leadership into your own leadership style$\mathrm{.}2.$ Transactional LeadershipDefine Transactional Leadership.Identify key components of Transactional Leadership $($e$.$g$.,$ contingent rewards, management by exception$).$Provide examples of leaders who have demonstrated Transactional Leadership.Discuss situations where Transactional Leadership might be effective.Explain how you would incorporate Transactional Leadership into your own leadership style$\mathrm{.}3.$ Charismatic LeadershipDefine Charismatic Leadership.Identify the characteristics and qualities associated with charismatic leaders.Highlight real$-$world examples of charismatic leaders.Discuss the impact of charisma on followers and organizational outcomes.Explain how you would incorporate Charismatic Leadership into your own leadership style. $4.$ Transformational LeaderDefine Transformational Leadership.Identify the four components of Transformational Leadership $($Idealized Influence, Inspirational Motivation, Intellectual Stimulation, Individualized Consideration$).$Discuss the potential positive effects of Transformational Leadership on individuals and organizations.Provide examples of leaders who exemplify Transformational LeadershipExplain how you would incorporate Transformational Leadership into your own leadership style$\mathrm{.}5.$ Servant LeaderDefine Servant Leadership.Identify key characteristics and principles of Servant Leadership.Discuss the impact of servant leadership on organizational culture.Provide examples of leaders who embody Servant Leadership.Explain how you would incorporate servant leadership into your own leadership style.Conclusion $-$ Personal ReflectionSummarize how you would incorporate these leadership styles into your own style.Discuss why the two leadership styles you chose resonate with you.