Aspiring CEOs often look for examples that can help them in understanding what type of leadership style they should choose.
Visionary Leadership is one of the leadership styles that has been recommended for all leaders.
The Vision is what helps the leaders to move forward and plan their actions in order to achieve that.
The leaders require to have something as their vision for which they are passionate about.
To learn as well as understand more about the leaders who not just followed the leadership style but also created the history. Here are some of the best examples of visionary leadership.
List Of Top Best Leaders Who Followed Visionary leadership
For the new entrepreneurs or leaders, they look for examples, you may believe that these leaders might have more creativity, maybe they are lucky or smarter than you.
But they followed the traits which helped them to be successful and can be honed over time.
Well, you can also cultivate the traits that can make you successful.
However, the here are some of the points that you need to consider :
- Find the mentor, choose a variety of it so you can get the expense perspective to determine what kind of response you need to give in different business challenges.
- Don’t just depend on mentors’ experience, search for different case studies.
- Consume more, go for new stories, documentaries, books, and articles where you can learn different approaches to different challenges.
- You don’t have to follow the advice you receive, you have to create your own, examine the actions, feedback, know strengths and weaknesses.
- Do networking so you can get additional perspectives, you can consider using workshops, conferences, and other opportunities that can help more.
The characteristics indicated how these following leaders will respond in different situations and help in taking the decision.
Here is the list of the best leaders who become the prime example of Visionary Leadership.
CEO of SpaceX and Tesla Motors, Elon Musk or Elon Reeve Musk is an entrepreneur as well as a business magnet.
He was born on 28 June 1971 in Pretoria, South Africa. He is not just the entrepreneur that revolutionized the whole industry with his personality and focus, but his vision is something that no one can ever predict before.
Even though SpaceX and Tesla Motors faced bankruptcy in 2008, Musk had to choose between either having to allocate his funds to one or letting it be on two companies.
Elon felt that he will compel both venues and support. And as everyone knows, his risk was not just paid off but both companies are one of the top-ranked names.
Tesla trumped Ford and General Motors like giants, as the company has a gross profit margin of more than 20%.
As for SpaceX, The company was chosen by NASA for developing the next generation system that will take the Astronauts of the US to the International Space Station.
However NASA selected two companies for the mission, it includes Boeing as well.
According to Elon, If they are not having more failures, it means they are not innovating more either.
Takeaway: Elon Musk is known for their relentless innovation which is an important trait of Visionary leadership. Having the understanding of what will benefit in the long run keeps the team as well as the company moving forward.
Also having no fear of failing helps in doing more innovation and choosing the risks that can help the business to achieve impossible things like Elon did.
2. Philip Krim
Co-Founder And CEO of Casper, Philip Krim changed the whole process of purchasing the beds.
He started the price to the delivery, where the mattresses get shipped directly to the customers with the assurance that the mattress will be compressed in the boxes which are reasonably sized.
The startup not just changed the dynamic, but it comes with a 100 day trial period which shows the confidence that Philip has in his products.
Philip launched his company in April, and they raised over $15 million in funding and earned more than $1 million in revenue within their first month.
The innovation that Philip did prove, you don’t have to be someone from high-tech industries to create something extraordinary.
Takeaway: Philip Krim has the ability to Reimagine, instead of thinking of something new, he chose what’s already in the market and reimagined the process so he can offer something that nobody else is doing.
3. Shantanu Narayen
CEO of Adobe System, Shantanu Narayen understood that there is no future that includes distributing software using the physical discs.
To solve this, he changed Adobe Creative Suite to a model which was based on subscription.
However, he is not the first who made huge changes in their business because of the change in the situation.
The same thing happened with Netflix as well, they added streaming to their DVD rental services.
However, the risk was more in the Adobe case, as the graphic design of Adobe was built on the boxed sets and the annual release of their new versions.
It was the bold move from Shantanu Narayen of changing the distribution model as the growth of subscription members was the successful result.
Takeaway: Shantanu Narayen has the ability to adapt, which helps the leader to change the way they are doing the business so they can match the new changes. Since the business becomes stagnant, it ends up dying in the market.
4. Fidel Castro
Fidel Alejandro Castro Ruz was a revolutionary, politician, and lawyer who was also the leader of Cuba.
He not just became the country’s president but was then elected as prime minister as well.
Castro devised the revolution and his time, he was going through different crises, including the attempt of assassination.
However, he became a great leader as well as a commander. With his vision, he changed the future of Cuba.
Takeaway: Fidel Castro served as Prime minister of Cuba from 1956 to 1976, and as president from 1976 to 2008.
Even having the assassination attempts against his life, Fidel kept his focus on the vision and moving forward. His leadership is also a great example of visionary leadership.
5. Alan Mulally
The Former President And CEO of Ford Motor Company, Alan Mulally is the person behind one of the most impressive corporate turnarounds that happened so far in history.
Alan not just guided Ford when the company was going through billions in losses and on the edge of getting bankrupt without getting the Government bailouts, but also he changed the future of Ford forever.
He focused on creating more accountability and teamwork that helped in making a new company culture.
With this, the company got the results and with Alan‘s positive leadership, they moved forward to have a better future and achieve the vision.
Takeaway: Alan Mulally has the ability of resilience. Even though the situation was not in their favor and they were having the biggest loss, Alan focused on recovering from it, and under his leadership, the company became what it is today.
6. Nick Woodman
CEO of GoPro, Nick Woodman got the idea that was born from the problem he faced in his life.
Nick was facing the issue of not taking amazing photos or videos when he was surfing, and this led to the idea of developing something like GoPro.
However, it took months and a lot of intense focus to come up with the prototype.
Nick is now focused on developing a platform that can be the biggest but also allows the users of GoPro to share their videos much easier.
The company was founded in 2002, and Woodman made it worth more than $1.3 billion.
The company name is used as synonyms in the product category, the same as Xerox was used for the copying.
Takeaway: Nick Woodman has the ability to Focus which is an important trait of visionary leadership. Having the focus on an idea that you have believed, can lead to changing the world as Nick did.
7. Nelson Mandela
Nelson Mandela was the first democratically elected President in South Africa.
He was also once the face of the Anti-Apartheid Movement, he did recently fighting against racism discrimination throughout his life.
Because of which he ended up in prison, however, it didn’t deter him.
He had the focus, will, determination even though he spent 30 years in jail.
Under his leadership, the campaign thrived and Nelson became the hero that led the country towards the future where everyone has an equal and free future.
Takeaway: Unlike the rest of the names, Nelson was not an entrepreneur, however, his leadership is counted in visionary leaders.
He had all the qualities that visionary leadership requires, from having the determination to focus to taking risks and will.
8. Henry Ford
Henry Ford was an American industrialist and business magnet.
He was the founder of Ford Motor Company and Chief developer of the Assembly line technique of mass production.
Ford started the company without investing his own money. He proceeded to negotiate cleverly in deals where the suppliers allowed him to buy the parts on credit.
After doing it for years and diligently reinvesting the profits he earned back to his company, he turned it into Ford Motor Co. and became the industrial giant.
Henry Ford is known as a business legend and inspiring personality.
Takeaway: Henry Ford did the smart deals, finding different ways and keeping his focus on what matters. Also with determination, he turned the company as well as himself legendary.
9. John Rockefeller
John Davison Rockefeller Sr. was an American business magnate as well as a philanthropist. He is widely considered the richest person in modern history and the wealthiest American of all time.
Rockefeller is a business tycoon who owns Standard oil and dominated the industry in 1870 as he bought the first oil refinery in 18862.
He brought the revolution almost single-handedly in the mass market for oil.
Offering discounts to railroads for carrying oil across the US, selling at low prices to the customers established Rockefeller as a business hero in its earliest years.
Takeaway: Rockefeller created history with his decisions and long-term visions. He became the hero and the example of visionary leadership.
10. Warren Buffet
Warren Edward Buffett along with Bill Gates are two individuals who own the largest fortunes in the whole world.
In fact, they collaborated to set the largest charitable project that ever happened in history,
He became the larger-than-life net worth when he became the biggest and successful investor of Wall Street.
He shared his secret that he stays close to his capital. Warren didn’t invest if he didn’t meet the top executives personally and without buying the business strategy.
Takeaways: Warren Buffet has strong principles and smart ways to invest. He has the visions along with ways to make them true. Not just that, he focuses on understanding more before he takes any actions which help him in better decision making.
11. Andrew Carnegie
Andrew Carnegie was a Scottish American philanthropist and industrialist.
He was regarded as King Of Steel as he founded as well as operating US steel
Apart from this, in the late 19th century, he was leading the enormous expansion of the Steel industry in America.
With this, he became the second wealthiest man in history.
Andrew used to work as a telegrapher in the 1850s. From the 1860s, he made investments in railroads, bridges, and oil facilities.
After he retired, he started doing generous charitable and philanthropy efforts.
Takeaway: Andrew not just focused on making his visions come true but he was focused on returning back to society.
Andrew became the visionary leader as well as the inspiring person for today’s businessmen.
Andrew believes in giving back to society, not just made the right decisions at the right time but believed in visions.