Leadership Case

Leadership

Vision has broad appeal

Vision deals with change

Vision encourages faith and hope

Vision reflects high ideals

Vision defines the destination and the journey

Characteristics of Vision

Clarity

Commitment

Imagination

Grabs, pulls, animates, and inspires people

Transforms purpose into action

Creates order out of chaos

Generates excitement in the leader

Instills confidence

Forces us to take a stand for a preferred future

Ford

--Democratize the automobile (1907)

Sony

--Change the worldwide image of Japanese products as being poor quality (1950s)

GE

--Become #1 or #2 in every market served and revolutionize the company to have the speed and agility of a small enterprise (1980s)

--A place for creating and bringing big ideas to life (2010s)

Wal-Mart

--Reach $125 billion in revenues by 2000 (set in 1990; at the time the largest retailer in the world had just reached $30 billion)

Egypt Revolution Inc. expects to manufacture the new smart phones for $185 each in variable costs. Fixed costs for the operations are estimated to run $5.3 million per year. The estimated sales volume is 74,000, 95,000, 125,000, 105,000, and 80,000 per year for the next five years, respectively. The unit price of the new smart phone will be $480. The necessary equipment can be purchased for $38.5 million and will be depreciated on a seven-year