Give and Get Seth is a master at explaining things clearly. I agree with him fully. It's the age old saying "There is more happiness in giving than there is in receiving." In the business sense, empowering your employees and giving them the tools they need to be successful will be far more rewarding than doing the exact same thing but with your top down direction.
For example, say you have options A, B, and C. If your employees come up with B as being the best option on their own, they will work that much harder at making sure option B works because they've invested into it. Whereas, if you realized on your own that option B is the best option, and then dictate to your employees, you will not be as successful as when your employees come up with the answer on their own.
People will make the wrong decisions sometimes. But things don't have to be permanent. If your employees chose option C, they will likely realize that was the wrong option and reevaluate, especially with good management and direction, which you're working hard at, right?