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Tag: Visionary Leader

  • 7 Traits Leaders Need to Attain to Visionary Leadership | Entrepreneur

    7 Traits Leaders Need to Attain to Visionary Leadership | Entrepreneur


    Opinions expressed by Entrepreneur contributors are their own.

    Thomas Jefferson had a bold vision as the United States broke away from British rule. Consider his letter to John Adams in 1823, when he said, “I like the dreams of the future better than the history of the past.” Jefferson was contemplative and progressive in emphasizing his dream of a different America. He was a visionary.

    Many others have failed in dogmatic pragmatism. George H. W. Bush had several leadership qualities, such as humility and integrity, but Bush scholars universally agree that he lacked vision. His perspective on the United States was similar to Blockbuster and Kodak: let’s double down on our history and what’s worked in the past.

    Bush is even known for saying that he doesn’t understand “that vision thing.” In his inaugural address, he said there’s no need for the country to “invent a system by which to live.” All we need to do is “act on what we know.”

    There’s utility in traditional thinking, but it becomes a strength overused when you can’t do the other side of the coin — vision. Bush was a one-term president, losing to a relatively unknown Bill Clinton because he lacked an inspirational message.

    So, how can CEOs create a vision so powerful that it ignites organizational transformation?

    Related: Are You a Visionary Leader? Here are 12 Ways to Cultivate and Enhance Your Leadership Vision

    1. Vision from the heart

    In Nietzsche’s words, “Only as an aesthetic phenomenon are life and the world justified eternally.” A vision should only affect us in the way art can, revitalizing the spirit and the selves’ experience, as opposed to the task-oriented and linear nature of day-to-day goals. The executive’s vision is an aesthetic, imaginative idealization that gives meaning to the organization, like an artist moving from a blank canvas to what could be.

    2. Align with the organization’s values

    Unlike strategic objectives, which are rationally derived, visions are values-laden. They give meaning through an ideological goal. Since they are about what should be, they are, by definition, an expression of values and corporate identity.

    Thus, effective CEOs keep the vision malleable in relation to the business landscape but never change the values underneath. Not only that, but their personal values align with the organization and its vision — one reason for doing a values assessment in CEO succession.

    Related: How Great Leaders Communicate Their Vision

    3. Create the vision with others

    The best CEOs have a clear vision that’s tied to their values. It isn’t a fully democratic process because the CEO must believe passionately in it. However, it’s essential that the vision is not unilaterally imposed but rather distilled from the contributions of leaders throughout the organization. The first reason is buy-in from everyone else. The entire company needs to feel it in the heart, too. The second reason is that the organization existed before the CEO and will after the CEO, so the vision must align with the entire organization for continuity.

    Related: How to Engage Employees Through Your Company Vision Statement

    4. Make it valuable to all stakeholders

    Some of the most catastrophic events in history have been the result of a psychopath’s vision. Visions can be powerful, influential and morally corrupt — all at the same time. Conversely, real leaders create a vision that benefits the entire ecosystem, where the rising tide lifts all boats and makes the world a better place. Robert House, from the University of Pennsylvania, defined a greater good vision as “an unconscious motive to use social influence, or to satisfy the power need, in socially desirable ways, for the betterment of the collective rather than for personal self-interest.” This is using the will to power for the betterment of humanity, to shape the future, rather than as a source of ruthless evildoing.

    5. Use the vision to galvanize change

    In academia, there’s a close relationship between visionary and charismatic leadership. Consider House’s Theory of Charismatic Leadership, Bass’ Transformational Leadership Theory, Conger and Kanungo’s Theory of Charismatic Leadership, and Sashkin’s Visionary Leadership Theory. They all emphasize how the most effective visions challenge the status quo and inspire evolution. The CEO evaluates the organization and its context, such as its core competencies and competitors, and through vivid mental imagery, paints a picture of the future.

    Since vision is related to influence and change, it’s easy to understand how Kay Whitmore from Kodak and George H. W. Bush had ineffective visions. They were preventative instead of future-oriented and, therefore, neglected to become bigger, faster, stronger, and even something brand new. They were demotivating instead of galvanizing and failed to energize the organization.

    Related: What Is Transactional Leadership and How Does It Work?

    6. Ensure it’s believable

    Visionary leaders are often bold and risk-taking, as well as imaginative. Like a psychic in Vegas, they’re bold enough to think they can see the future and inventive enough to dream up a new reality that challenges today. With this psychology, the strength overused is that visionary CEOs are often alienated from reality. Conversely, the most effective CEOs are versatile enough to, as inherent in Marshall Sashkin’s theory, balance vision with operational actions. Their visions are inventive, aesthetic, imaginative, bold, and innovative but believable and achievable.

    7. Use the vision for strategic decisions

    Another benefit of vision, besides influence, is that it frames consequential strategic decisions. At Netflix, Reed Hastings could have charged ahead with being the number one DVD-by-mail company in the United States. But, as explained in the book CEO Excellence, the new direction was supported by a vision of transformation. “The big strategic moves that followed made sense in ways they would never have otherwise: moving into video streaming, betting on the cloud, creating Netflix originals, driving exponential globalization, and so on.” The vision justified a series of innovations, decisions, and where the company should focus its limited time and resources.

    In all, the CEO’s highest duty is breathing life into the organization, giving it meaning and harnessing the social forces toward a worthwhile future. Only as an aesthetic phenomenon, not one of logic, power, and control, is an organization’s existence authentic and fully realized. Art reflects life, not just beauty, and an organization’s vision reflects its identity and fulfills its purpose, without which it is lifeless.



    Derek Lusk

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  • How to Manage Rapid Business Growth Through Visionary Leadership | Entrepreneur

    How to Manage Rapid Business Growth Through Visionary Leadership | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    Leading a startup through high growth is exciting yet intimidating. As opportunities continue to arise, entrepreneurs must find ways to manage rapid expansion without compromising stability. To do this successfully requires knowledge from experienced professionals who have been in similar positions and know how best to approach this stage of growth.

    With careful planning and resources, business owners can position their companies for significant development without overstretching capital. It is important that leaders take heed of expert advice to set themselves up for success during periods of fast growth.

    Related: 3 Perspectives of Visionary Leaders

    The central role of visionary leadership

    A compelling vision can be the difference between a startup simply existing in the market and being a game-changer. It’s not just an abstract idea or slogan; it’s an actionable plan that guides your decisions and drives you toward your desired outcome. A vision should encapsulate what makes your company unique, its mission and how it adds value to customers.

    Embracing a leadership role means forming this vision and expressing it so that everyone on board understands it clearly. According to experts in the field, having strong leaders is essential for startups looking to succeed, as they are key figures when attracting new talent and keeping current team members motivated. A visionary leader‘s role can significantly influence a startup’s trajectory, as people don’t stay because of loyalty to their job but rather respect for those they work with (and for).

    However, powerful visions will remain stagnant if only seen within management circles. Each employee needs ownership over making them manifest. Whether we’re talking about sales teams or operational departments, every individual must align their tasks with this goal in order to fully appreciate its importance while also understanding precisely how they contribute towards achieving success together as a unit.

    Building a team geared for growth

    Preparing for a high-growth phase necessitates having a team that’s ready to handle the demands and complexities that come with it. It’s important not to make the mistake of compromising on hiring standards in favor of quick scaling because, at the end of it all, your people are your most valuable resource.

    Positioning yourself for expansion requires more than just technical skills; you need people who can think quickly, solve problems effortlessly and work together in harmony. There is great wisdom in never settling when it comes to recruiting talent. So, don’t shortchange yourself by opting for rapidity over quality. By taking time during this crucial stage to assemble an A-team, you will ensure maximum value from each one of your resources.

    Maintaining high hiring standards is only the first step. It’s crucial to invest in nurturing this talent and fostering an environment of learning, collaboration and recognition. Regular feedback and recognition of every individual’s contribution toward achieving the company’s goals can build a sense of ownership and commitment.

    Related: How to Keep Pace With a Fast-Growing Business

    Collaborative goal setting: A stepping stone to growth

    As an entrepreneur, your startup’s success hinges on setting clear and achievable goals that are shared throughout the organization. You need to look at all facets of your business when determining these objectives, from sales figures and product development to company culture benchmarks. Knowing which metrics matter most is a critical part of being an effective leader in any industry, so it’s important to stay informed about meaningful KPIs. Ideally, you should evaluate them at regular intervals to figure out what is working and what needs to change.

    Creating purposeful goals requires collaboration between departments. Inviting representatives from each team into the goal-setting process ensures that you’re making decisions with realistic expectations based on collective knowledge and experience. Once established, it’s essential to communicate these targets across all levels within the organization so everyone can understand what they’re working towards achieving together as one united force.

    The importance of a scalable onboarding process

    As your business expands, it’s essential to have a comprehensive onboarding process in place. Creating an environment of learning and collaboration is key. This means making sure everyone on the team takes part in training new hires. Not only does this ensure that all employees are well-versed in their roles, but it also encourages collective responsibility among colleagues. When your employees hold one another accountable, you can drive productivity, ownership of performance and company loyalty, all of which will serve your business well as it continues to expand.

    To make the most of your onboarding system, your leaders must review the program regularly for any necessary updates or changes. This helps keep newer members up-to-date with company operations and allows them to hit the ground running from day one. Neglecting this process will often lead to a high turnover rate as talented staff may find themselves lost or unappreciated by their employer without proper guidance upon entry into the organization. Ensure the quality and efficiency of your onboarding process to boost retention rates.

    Related: The Keys to Empowering a Lean, High-Growth Company

    Navigating the high-growth environment: An ongoing journey

    At the head of a high-growth startup, the journey is ever-evolving. As you scale up your business, it can be tempting to stick with the strategies that drove initial success. But if your goal is sustained growth and continued success, then maintaining an open mind is essential. Don’t be afraid to try new ideas or approaches. After all, each challenge presents an opportunity for you to strengthen not only your team but also yourself as a leader.

    Throughout the thrilling ride of scaling your startup, don’t forget what inspired you in the first place: your vision. Keep it close at heart, and use it as motivation for yourself and others around you so that even when faced with difficult obstacles on this path towards higher growth potential, hope will never fade.

    Of course, no one should expect themselves to go through such challenges alone. Reach out when you need a helping hand, because having help from outside sources allows us to more carefully evaluate the direction of the company and ensure nothing is overlooked.

    Brandon Newman

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