In this paper the focus is on literature review and development of WISE model that was empirically tested in Indian organizations. Results of empirical testing will be presented in a subsequent paper. In order to take advantage of the growing opportunities in the field of leadership and the challenges faced by the women mangers both at work and home, the study was based on how do their WISE elements play vital role. Based on this, background, this study identified the research problem. From an extensive literature review, the critical areas for this study are described below. The purpose of the proposed study is to describe the type of leadership inherited by the women managers, across three sectors namely Government,N.G.O and Corporate Sectors and to what extent theory WISE helps to attain the work life balance among the working women managers. This is an unexplored area for research and analysis will be relevant to aspiring women managers, policy makers and academicians. [ABSTRACT FROM AUTHOR]