It is surprising and frustrating how many business leaders simply make it up as they go along. Entrepreneurs typically start with a core idea and then if they are lucky have some initial success which requires them to actually build a business delivery model. Most of them then get bogged down in the day to day operation and fulfilling their product/service promise to their customers. Since most companies typically start out undercapitalized and growth eats cash, they also get caught up in basic financial issues which can be a major leadership distraction. Next thing they know they have a company on their hands and employees who expect to have a boss with a clue about the future and a strategic plan of action. It can all be very challenging and easy to fall into a survival rather than success mode.
I am worried that many of our leaders have become way too tactical and reactive these days. Instead of seeing the big picture they are getting mired in the details and forging ahead with actions that will have less than optimal impact on the problems/challenges they are trying to address. Actions should never drive strategy. Strategy should drive action. There are also rarely simple solutions to complicated issues. Sometimes you need to step back and actually think through what you are doing before you do it (especially in times of crisis).
Many leaders I know struggle initially with the idea that the most value they bring to their company or organization is their ability to think not act. Of course, thought without action is meaningless. However, the top people in any organization need to regularly step back and reflect on strategic implications, priorities, etc.