Leadership—and leadership studies—are in flux. In the revised and updated fourth edition of this acclaimed text, contributors speak directly to the central points of change: leadership vs. management; leadership and followership; and especially, the diversity of leadership styles and pathways. Tapping the wisdom of classic articles and fifteen new readings, William Rosenbach and Robert Taylor present a renewed framework for understanding leaders and leadership from a contemporary perspective. Opportunity, vision, empowerment, action, values, and timing are essential ingredients in the new paradigm of leadership outlined here. Further, the fourth edition represents a significant shift in perspective on leadership studies—it examines the ways in which diversity of intellect, as well as other forms of diversity, represents the quintessential competitive advantage of the late '90s and beyond.