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Main navigation. The Most Important Leadership Characteristic. In their landmark leadership book The Leadership Challenge, Jim Kouzes and Barry Posner share that the most important leadership characteristic is credibility. Based on extensive research over two decades, they boldly claim that âmore than anything, we want leaders who are credible.
The four fundamental factors of production are land, labor, capital and entrepreneurship. The final factor belies the vital importance of leadership in business settings. Leadership acts as the catalyst that makes all other elements work together; without leadership, all other business resources lie dormant.