Great companies and leaders develop themselves through a series of making good choices that bring about excellent results. In fact, the legacy of a leader is often determined by the decision and choices that they make. The better the decisions, the better the results.

I like to remind leaders that our destiny unfolds in the future, but it is shaped by the decisions that we make today. Leadership expert Peter Drucker once quipped that “Whenever you see a successful business, someone once made a courageous decision.”

However, many leaders fail as executives because of the poor choices they make in their position. It’s time that CEOs and leaders embrace the importance of good decision making. Here are some of the critical decisions they must make:

1. To Work ‘On’ The Business

Many leaders fall into the rut of simply working in the business and never on the business. Effective leaders understand the importance of getting off the crazy cycle to find a new direction, inspiration and specific strategy to move the business forward. There are many ways leaders can do this, such as seeking personal coaching or hosting a business roundtable. It’s up to you to make the shift.

2. To Delegate And Trust Their Team

Leaders often try to do everything themselves and feel like they have to micromanage everything in the organization. But when a leader follows this model, they actually become the bottleneck for growth and success. When you’re making every last decision in an organization, people begin to fear making decisions themselves.