From a leadership development perspective feedback is also key in providing us with insights into how other's perceive us. And we all know that perceptions are reality. I have recently been coaching many leaders through their 360 assessment feedback results. On these assessments they received feedback from their boss, their peers, and their direct reports. In some cases the leaders perceptions and those of the raters were similar, whereas in others there were big gaps where we had to pay attention. For those were areas where the leader could develop for they had a blind spot.
Are you receiving enough feedback from your organization? Are you asking for feedback as you are making decisions? Where would getting feedback support you as a leader?