What is Endowment Effect

It is recognized that COVID-19 and its aftermath continue to present great challenges for many leaders. First, the chapter presents a review of leadership styles and their main tenets. Next, a framework by which leaders may tailor their approach to a task, issue, or employee challenge is suggested. Fifteen considerations are discussed with a user-friendly set of five overarching facets beginning with the letter P: purpose, person, place, project, and pacing. The authors propose that utilizing this framework may enhance the performance of the organization through a leader's consideration of the context of the scenario and its interaction with an employee or team. With each facet, the chapter discusses a critical connection to servant leadership. Further, questions for reflection are offered through which a leader may recognize strengths and glean actionable insights. Last, considerations for future research are presented.