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The paradigm shift in the leadership field has resulted in several contemporary approaches to leadership. These approaches focus on process as opposed to traits–the emphasis of the traditional approaches. The purpose of this article is to examine shared leadership: the historical background, biblical foundation, differences between traditional leadership and shared leadership, dissimilarities of shared leadership and teamwork, benefits and limitations, and shared leadership in practice. Several benefits of shared leadership are highlighted, such as increased trust among team members and performance improvement. While shared leadership has several advantages, leaders need to be aware that it does not fit for every context.