Many research papers discussed situational leadership and linked to some variables like increasing staff productivity, creating effective leaders, diversity management coaching,...etc.
Some websites discussed the role of situational leadership in business success. Just google.
Yes, situational leadership is the best strategy for the growth and success of the organization because one leadership style is not suitable in each and every situation. Each leadership style is having its own pros and cons that is why one has to understand the situation and adopt the leadership style which is best applicable to that particular situation. A best leader is one who understands the advantages and disadvantages of various leadership styles like autocratic, democratic laissez fare, paternalistic, transactional and transformational and will adopt the best leadership style contingent to particular situation. Various research papers have proved that leadership is contingent to the situation and situational leadership is definitely responsible for the success growth and survival of the business.
Situational leadership is but one variable of leadership effectiveness, irrespective of whether “growth” or some other objective is the intent: other determinants include (a) the characteristics of leaders, (b) the characteristics of followers, and (c) (numerous) other characteristics of the situation (or operating environment) besides leader–employee relations.
Situational leadership can be used as a strategy for organizational growth because it provides an opportunity for each member of the organization to propose and apply their expertise. In this case, it is essential to be aware of the goal - both by the leaders and their followers. Leadership and corporate culture are mutually determined. Therefore the presumption is that the organization must create and manage a culture that promotes situational leadership while harmonizing with the relevant strategy.