However, the purpose of leadership and its existence will always remain the same. Kouzes & Posner (2007) propose that organizations need individuals who can motivate, inspire and lead people to work together to follow the vision and achieve the business objective. The business world is a dynamic and ever-changing environment that can radically transform its character based on the needs of the parties involved. Therefore, in this constantly changing environment, leaders face dynamic and challenging situations. The challenges may differ depending on the nature of the organization and the company's current objective, however the most common challenges in the world of leadership can be classified