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The Importance of Leadership Roles and Permission to Take Risks
In order for a company to succeed, it is important for executives to pick a clear direction and avoid distractions. Even inaction is a decision, and not making a choice can lead to a lack of focus and direction. Executives may feel that by not changing anything, they can keep their options open, but there will always be limiting factors. It is crucial for executives to use their expertise and make a decision, even if it means taking a risk. Boards should support their executives and give them permission to make bold choices and reject distractions. This advice applies not only to founders but also to leaders in general.