Agile decision-making elevates the productivity of an organization. CEOs are not only challenged to quickly pass good judgment for themselves, but also develop the decision-making capabilities of their teams, expedite decisions that support corporate strategy and quickly build buy-in for final decisions. There are a number of guidelines CEOs may leverage to facilitate better decisions across the organization.
Delegate decision making, don't micromanage. Only inexperienced leaders make every decision large and small. CEOs should strive to only make the decisions that are critical to corporate strategy, resource allocation, hiring and firing- those that have a significant impact on the business. It is paramount to build a team that you can trust to accept responsibility for decisions. If they have the expertise and authority to handle a decision, don't allow them to dump it on you.