Reference no: EM133826738

Question

Vision drives creation and progress, but it should not stay static. Smart visionaries know when to tweak their vision to keep it suitable and successful. Changing a vision becomes necessary when circumstances shift or stakeholders' needs develop. To spot this need, it's important to pay attention to feedback and stay open to adjusting. A clear sign that it's time for a revision is when progress stalls despite ongoing effort. As Neck, Neck, and Murray (2018) highlight, flexibility is important sticking to an outdated vision can conceal innovation. Visionaries must also be aware of shifting markets and social importance for example, many businesses successfully shifted to digital systems during the COVID-19 pandemic. Gathering input from stakeholders, advisors, and team members is important when misalignment arises. Engaging others fosters fresh ideas and strengthens commitment to shared goals. Howard Schultz's turnaround at Starbucks, where he applied employees and prioritized customer experience, is a excellent example. Sometimes, it may be necessary for a visionary to step aside for the greater good, especially if their approach slows progress. Steve Jobs departure from Apple in 1985 is a remarkable instance of this. Adapting a vision requires insight and collaboration.