Rewrite this into sentences in a bussiness brief paragraph. The Situational Theory of Leadership, developed by Dr. Paul Hersey and Kenneth Blanchard, emphasizes the importance of adapting leadership styles to the specific circumstances and the readiness level of subordinates. According to this theory, there are four primary leadership styles that correspond to different levels of subordinate readiness: Telling (Autocratic Approach): This style is appropriate for subordinates at the "Readiness 1" level. These individuals lack both the ability and the willingness to perform the tasks. In this scenario, the leader provides clear instructions and closely supervises the work. The focus is on directing and controlling to ensure tasks are completed correctly. Selling (Coaching Approach): Suitable for "Readiness 2" level, where subordinates are willing but lack the ability. The leader provides direction but also engages in two-way communication, offering support and encouragement to build confidence and competence. Participating (Supportive Approach): This style fits "Readiness 3" level, where subordinates have the ability but lack the willingness or confidence. The leader facilitates and supports subordinates' efforts, involving them in decision-making to increase motivation and commitment. Delegating (Empowering Approach): Appropriate for "Readiness 4" level, where subordinates are both able and willing. The leader delegates tasks