Did you know Elon Musk, Bill Gates, and Mark Zuckerberg are visionary leaders?
Visionary leaders not only give a proper vision to their employees, but they also change the dynamics of the market altogether.
The visionary leadership style is believed to be a revolutionary style. It helps managers and leaders look into the capabilities of their employees. The team understands its leader’s vision and works accordingly.
This article contains all information about visionary leaders and the advantages and disadvantages of visionary leadership styles.
What is a Visionary Leadership Style?
A visionary leadership style is based on the “Embrace my vision” style.
Usually, leaders with visionary styles encourage innovation in the team by building a vision. They alter the working processes in the company by developing the core values like integrity in the team. They realize the skills of each team member and encourage them to perform in their way.
Visionary leaders do not have an autocratic mindset. They share their vision with their employees and expect input. While they offer a clear picture with action plans to achieve the goals, they do not stop the team members from utilizing their abilities. Such leaders are creative with problem-solving ideas to achieve the vision.
This kind of leadership drives innovation in the business through its future-oriented vision. They may come with ideas and thoughts that are ahead of time. It would not be an exaggeration to say they are the most successful leaders. They typically think decades ahead.
Besides so many benefits of having such leaders, they also have a few cons. Here are the visionary leadership style’s advantages and disadvantages.
Advantages of Visionary Leadership Style
Gives a Clear Vision
Visionary leaders do not depend on others to give them insights and objectives of the business. They think differently from traditional leaders and lead their teams. They provide a clear vision and the pathway to achieve the goals. A crystal vision enables them to supervise the operations of the company better.
Inspires Team Members
Visionary leaders can inspire their team members to think as they do. When the employees see how visionary their boss is, they also try to catch pace. Empowering the team to think out-of-the-box helps them grow and also benefits your business. Visionary leaders give birth to more like them by providing the freedom to think innovatively.
Team Work and Trust
Visionary leadership instills trust in the team and encourages them to work together in an affiliate leadership style. They emphasize working towards common goals despite different perspectives. All departments put in their best effort together, which boosts productivity.
Team members do not only work together towards given goals, but they also perform proactively. They try to follow in the footsteps of their leaders by staying a step ahead of the expected. You may be surprised to see them working on aspects of a project you did not brief about yet.
What else do you expect when the team works efficiently while the leader is not afraid to take risks?
One of the most critical advantages of the visionary leadership style is that such leaders are not afraid to take risks. They believe in their capabilities to achieve their visionary objectives and do not shy away from taking calculated risks. They do not risk the reputation of the company. Yet, they understand where critical decisions are important for the business.
Disadvantages of Visionary Leadership Style
The Leader Becomes the Guru
While most team members work proactively, some do not want to do anything on their own until the manager tells them. It is beneficial to look up to the vision of the leader. But sometimes employees forget their jobs while following their leader. They tend to lose their originality and always expect their boss to tell them what to do.
The Vision May Overpower
The vision is of immense importance for visionary leaders, yet they know not to mix it with current operations. On the contrary, some employees do not realize it. They put all of their focus into the long-term vision without knowing that today is what leads to tomorrow! They understand that the vision cannot turn into reality until everything works smoothly at the moment.
The Vision is Associated with the Leader
If you follow the vision of your manager or the company’s CEO, the vision may leave with them. You think of them as your guru and look forward to what their vision entails. However, one of the disadvantages of a visionary leadership style is that the vision also leaves the team when the manager moves to another company. The team then works to achieve the new manager’s vision.
The Harvard Business Review about “Why Visionary Leadership Fails” mentions misaligned vision as one of the reasons for the failure of visionary leadership. Sometimes the middle managers may not understand the vision of the top hierarchy. And thus, they might not work towards that goal.
Difficult to Balance
The team might find it difficult to balance the long-term vision and short-term goals. Even though the leader’s vision is clear, the employees can get confused about prioritizing one over the other.
The Bottom Line
The visionary leadership style is among the most popular and effective leadership styles. Visionary leaders motivate and inspire employees to take the lead and be visionary. The leaders communicate their vision to the team and encourage them to work towards it together. They instill unity and integrity into their team to empower them. However, sometimes the workers take the leaders as their gurus and rely on them significantly. It affects the team’s morale when the manager leaves the company. Visionary leaders take their vision with them when they leave.
What are the Strengths of a Visionary?
A visionary leader is favorable toward innovation. They encourage their team to think beyond today. They are intelligent risk-takers and skilled communicators. Visionary leaders are focused and enthusiastic. They know how to carry short-term goals and long-term vision together.
What is Visionary Leadership Example?
Elon Musk, Jeff Bezos, and Bill Gates are the most well-known present visionary leaders. They have brought their businesses to heights with their out-of-the-box approach and understanding of future growth.
How do you Apply Visionary Leadership?
Visionary leaders are not made; they are born. Unlike coercive leaders, they do not train themselves. They utilize their skills and ideas to surpass their competitors. Visionary leaders motivate their teams and adjust the goals according to their needs. To be a visionary leader, you must define your vision and create a sense of purpose.
Matthew is a Co-Founder at BusinessFinanceArticles.org. Matthew was a floor manager at a local restaurant in Wales. He lost his job after the pandemic and took initiative to make a team and start the project.
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