Should an owner give employees the power to make decisions?

Should an owner give employees the power to make decisions?
The owner cannot experience the work in each stage of the work. Hence he should give the employees the power to make decisions with regard to the day to day work done by them. In many cases such decisions taken by the employees have proved beneficial to the employer and the employees are also being rewarded for such decisions. It is also called empowerment of the employees and the decisions of the employees are known as suggestions. The employees take pride that they also have a role in running the organisation and it motivates them further to work for the organisation and create loyalty to to the owner.