This month’s leadership quote:
Vision without execution is hallucination.
— Thomas A. Edison
When leaders focus solely on vision and strategy and not on execution, put simply, nothing gets done. Successful leaders know that a vision is a destination that their team can rally around. They also know that while the vision is their job, it is a team effort to develop a strategy for getting there.
At the same time, once the vision and strategy are defined, results only happen with implementation. And only succeed with the monitoring and evaluation that follows.
In my experience, leaders who see their only job as generating the big ideas and abdicate their leadership role when it comes to execution are suffering from the hallucinations Thomas Edison describes. By avoiding learning about the people they lead, the technologies their companies use, the customers they serve, and numerous other crucial little things, they miss the key elements of execution.
This is why Vistage members share their vision, strategy and execution plans, are accountable to each other for all three and outperform their industry peers.