“…Leadership research which has focused on the positive effects of leadership, posits that managerial discretion is a necessary condition for intelligent leadership-initiated adaption to new and changing circumstances. When the top leadership (as change agent) has discretion, it has freedom of choice and, in turn, the chance (and power) to affect the organization's capacity to become more dynamic (Espedal, 2009;Hambrick, 2007;Hambrick and Mason, 1984;Kotter, 2005;March and Weil, 2005;Northhouse, 2010;Yukl, 2002). Thus, organizational adaptiveness is supposed to occur in a context that allows the top leadership a high level of discretion.…”