Leadership means that a group, large or small, is willing to entrust authority to a person who has shown judgement, wisdom, personal appeal, and proven competence.

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Notes from Wikiquote

Unsourced variant: Leadership implies a strong faith or belief in something. It may be a cause, an institution, a political or business operation in which a man takes active direction by virtue of his faith and self-assurance. And, of course, leadership means a group, large or small, which is willing to entrust such authority to a man — or a woman — in judgment, wisdom, personal appeal and proven competence.

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Quote text and notes from Wikiquote: Walt Disney (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.