I would like to add two things:
I believe, people feel good/motivated if leader explains thems his/her vision and “where do they fit”. This makes followers feel valuable and responsible players.

Secondly, People like to follow a leader who gives credit of success to his/her team and takes responsibility if there is something wrong.

The emotional intelligence of a leader has more to do with their effectiveness than their experience and their expertise. One leader told us, “I may not be the most knowledgeable person…but I know how to get other people to think well about themselves.” What an awesome ability to have. The very best leaders know that their job is to make others feel powerful and capable, not to acquire power for themselves.

There is so many great principles here for leadership qualities its hard to pick just one to mention. When I was a art director one of the things I think was so great was to teach people who never taught before how to believe that they could do it. And most of them did outstanding and got better with time and practice.

“Lesson 7. Challenge provides the opportunity for greatness.” is timely with the current economic conditions.

Thanks for writing this post Jim.