Leader vision formation and forecasting: The effects of forecasting extent, resources, and timeframe

Abstract Vision formation, and vision articulation, is held to be a central component of leader performance. Less is known, however, about the variables giving rise to viable visions. In the present effort, the impact of forecasting on vision formation was examined. Study participants were asked to write a speech describing their vision for a new school. Prior to writing this speech, participants were asked to forecast the outcomes of vision implementation. It was found that the extent of forecasting, along with forecasting of temporal and resources considerations, influenced the quality of vision statements. Forecasting was improved when people thought about causes, as opposed to goals, and implications, as opposed to facts. The implications of these findings for understanding leader performance in vision formation are discussed.