For your pleasure reading:
http://www.dtssydney.com/blog/in_a_nutshell:_situational_leadership
What it means to your leadership style:
1) Supporting – If you have staff who are highly competence
but have variable commitment, you should play a supporting role to praise, listen and
facilitate them.
2) Directing – For staff that have low competence but high
commitment level, you should play a more directing role; with more supervision and
control.
3) Coaching – For staff that have some level of competence
and commitment, you should be a coach to direct and support them.
4) Empowerment – If you have staff who are highly competence
and commitment, empower them to turn their responsibility for day to day
decision making.
Knowing yourself is important, read on more from Johari Window Model:
http://www.businessballs.com/johariwindowmodel.htm
My 2cents worth..
Before you embark on any change management (incremental or transformation) mode, you should know your company's business and strategies, understanding the working culture, the IT system in place and always have a backup (contingency) plan..be prepare that those that cannot flow along side with you will leave the organization..cheers!