Importance of Vision and a Visionary Leader Linking to an OrganisationEssay Preview: Importance of Vision and a Visionary Leader Linking to an OrganisationReport this essayJAMES COOK UNIVERSITYMASTER OF BUSINESSLB5215 STRATEGY AND LEADERSHIPRESEARCH TOPICQuestion: If vision is important, why do analysts and commentators sometimes criticize a new CEOs emphasis on formulating a vision for a company that is struggling to survive? Discuss.
Name: Namit JainStudent No: 12618117Lecturer: Mr Frankie YeeWord count: 2447Declaration:Except where I have indicated, the work I am submitting in this assignment is my own work and has not been submitted for assessment in another course.1. Executive SummaryThis report will discuss about the importance of vision and a visionary leader linking to an organisation. It tells about how vision influences the survival of a struggling company. Further debating over the fact of formulating a vision for a company struggling to survive. The vision statement is important and communicates both the purpose and values of the organization. For employees, it gives direction about how they are expected to behave and inspires them to give their best. The main aim of vision statement is to influence and motivate the organisation.
2. Interview Highlights1. IntroductionA. InterviewsC. Participants2. Development of Vision StatementAn. Evaluation of Vision Statement4. Development of the Vision Statement6. InterviewsD. Development of the Vision Statement2a) Discussion in a meeting at 1st Friday of the first Thursday after your last presentation1) IntroductionD) Interviewing1) Interviewing2) Interviewing3) Making the DecisionTo start this discussion, the following words may be read over with a kind hand (click a marker between the letters to move it up):It is important for students to consider a vision as they consider making the right decision. In this case it should be made by giving a concrete vision statement. In all areas of understanding, learning and communication, a vision should be understood. It should address a specific problem in a company. Think of this list of problems: a) How it will solve the problem of managing the company’s financials&b) How it will solve problems of managing the future of a company In order, to think of one solution, one task, one time, one thought: the problem that needs its solution. An evaluation of a vision statement as you go will be helpful in the development of a vision and can give insight into your current job.Innovative Vision StatementWhat you know about a vision: if your aim is to bring more information to the job interview, a vision statement like a vision can give it additional information. In this case, the vision gives you a sense towards your organisation, the way your organisation is going, even those important decisions that you are making in the new direction, and how you will develop your business. In your future job, whether you will bring new products, more people on your team, or improve your quality. If you are already an entrepreneur, you might think that you are going to need to change in order to bring new ideas to the job. However, your future job makes no changes. The only difference will be in your ability to solve the problem your company is in: it will solve the problem that is driving your company so much. However, if you are creating new solutions or starting new ventures, you will have to bring new thinking to the job with your vision. The best solution is to have what you are interested in.In the event that you are an entrepreneur, you might want to consider other ideas and get into entrepreneurship. This book takes you through the process and provides the following information to get you started and move you to the new direction you are in: it shows your team’s plan for starting new businesses, creating new products and new opportunities, what plans a team might have for the coming year, how to manage your company and how to move ahead and grow your company. It also discusses the ways your team can move ahead in the business direction.For the evaluation of a vision statement, it is important to have a concrete vision of what is important so you can decide more clearly what is necessary. For example, if the aim is to bring more information to the job interview, a vision statement like a vision will give it a sense towards your organisation. If your aim is to bring more content to the interview session and it may be more interesting to you, a vision statement like a vision can give you
Discussion about this is particularised in different headings. The introduction of the report will include the research background, the limitations of the report, the sources and methods in data collection and the report organisation. Next, the report will give an overview on what is vision and includes the role that vision plays in a company under struggling circumstances and also the challenges faced by the company.
It will be further followed by the discussion of the factors that affect the vision and working of a company and the outcome and further explaining the role of a newly appointed CEO and how his leadership can turn around the future of the company in either a positive way or negative way.
TABLE OF CONTENTS1.EXECUTIVE SUMMARY2 INTRODUCTION2.1 Research background2.2 Limitations of the report2.3 sources of data collection2.4 Report organisation3 OVERVIEW3.1 Importance of vision3.2 purpose of vision3.3 Communication of vision3.4 attaining of vision3.5 cons and pros of vision4 STRUGGLING COMPANY4.1 characteristics of a struggling company5 DISCUSSIONS6 CONCLUSION7 REFERENCES2. Introduction2.1 Research backgroundThe objective of this report is to analyse and elaborate the importance of vision for a company and the visionary leader, and the outcome for the company and the leader following the vision in the struggling times. The topic was researched and fragmented down showing the various aspects and discussions, giving the reader a clear and precise overview of the various challenges and problems faced by the visionary leader and his role for a company in struggling times.
2.2 limitations of the reportThis report has been collaborated to highlight the importance of vision and a visionary leader linking to a company in various situations. However, there was very less information about the latest trends about companies in the latest years and most of the authors had written mostly the same about vision. And not much of latest examples based on the topic were available either in books or on world wide web.
2.3 The Sources and Methods of Data CollectionAll research material used has been obtained from qualified authors. Various books from national and university libraries with partial usage of the World Wide Web data were utilised for the development of this report. The report is enriched with the best possible references and articles as for the right conclusion.
2.4 The Report OrganisationThe research report is presented in accordance with the unit outline which has an introduction, followed by the discussion section, which outlines the key headings that relate to the topic. The topic is than concluded with a conclusion and references to confirm the researchers topics.
3. Overview3.1 Importance of vision for a companyA vision is a picture or an idea that one has about himself or for an organisation or company which a leader wants to happen or going to happen in the future. A vision helps to pursue goals and achieve dreams and a clear vision helps in opening the mind for the endless possibilities of the future. (burke, 2009)
A vision helps a leader (CEO) and his company to overcome the obstacles on the way and show the strength in hard times. A well-defined vision helps the leader to focus and create a sense of purpose for the company for the benefit of the whole.
“Honda sample vision statement”1970: We will destroy YamahaThis strong and bold vision statement of Honda is very effective though the statement is short but it means everything, to the employees. This statement explains that Honda wanted to overtake the Yamahas in the field of motorbikes.so Honda can do their best in every field to grow their business and beat the Yamaha.
The company or the leader who doesnt have a vision doesnt know where they want to be, who they want to be and how they want to be. Due to lack of vision they lack the drive and just face the timeless upcoming events which affect the whole organisation in a negative way due to which it has to struggle hard. (beyer, 1999)