Neither is dictatorship?

Business actually treats a pseudo-dictatorship (with the requisite yes-men) as "good leadership".

Most times it's pretty simple, in my experience. A CEO either runs a business as a (1) Sales focus [best deals and vendors] or (2) Marketing focus [best reputation and trends] or (3) Investor focus [best boardroom friends].

Lots of other opinions are usually thrown out until there's really only one facet used for running the company.

Sure, if by business you mean investors.

is there a (4) or (5) that would be preferable? :)

It is.

The best products are usually from single minds with a strong vision. "Too many cooks in the kitchen" is a phrase for a reason.

Your least favorite products are designed by committee or a vision less person following trends.

As long as investors believe this, it matters less if it's true or not.