Leaders don't matter that much

Bob Sutton does an interview at Inc about the re-publication of The Peter Principle .  Best part below:

Q: "Competent leadership" doesn't exactly inspire awe. Leadership is supposed to be exalted, and competent smacks of low expectations. Maybe we should rehabilitate the word. In Search of Competence! Where's Tom Peters when you need him?

A: [Management professor] Jim March argues that simple competence -- having people who are willing and able to do their jobs -- is what really makes organizations run. Leaders don't matter that much. They are like light bulbs: You've just got to find one that works.