[manigandham]

> making high level decisions and asking for status

That's it. Along with hiring the right talent which is the half of the job (and often invisible) so that the work actually gets done. High-level decisions can affect hundreds or thousands of people and many more customers, so fewer but more important decisions is the trade-off, then delegating the rest so that other workers can do what they do best.

This description seems minor but the larger the company, the harder it is to keep things on track for a long-term focused vision. Also people don't do things just because you tell them to and you'd be surprised at just how hard it is to keep people working towards a goal.