Let's start there. Inc. ties it to jotting down 3-, 5-, and 10-year goals. Harvard Business Review says it is all about a core ideology and a "big, hairy, audacious" goal. Fast Company calls it a future state. It's a fair summation from those articles at least. All three magazines have published dozens of ideas.
I don't really see visions like that anymore. I've come to see it as an achievable state of being without a definitive conclusion, not just for organizations and nations but also for individuals. It's conceptual and complete, non-comparative and never confined by time (even if we need time to move toward it).
Do you know who was great visionary? Gene Roddenberry.
He didn't settle on an individual, organization, or nation. He peered into the future to find an ideal outcome for humankind. He envisioned a future for his fiction that centered squarely on hope, achievement, and understanding so humankind could reach for, explore, and master the stars.
The vision was so comprehensive that it has an "optimism effect" on its viewers. It's a phenomenon that isn't confined to fiction either. It's the same kind of optimism that keeps the hope for a Maslow Window alive. It's also why I'm supportive of any space program, public or private. The nation that sparks the next international space race and wins will likely dictate the ideology of our future.
Regardless, the point is made. People feel good when they think about Star Trek, doubly so when they start counting up how many of those innovations came true — everything from cell phones to tractor beams. Some of these technologies might not be mainstream, but iPhone isn't even a decade old.
The optimism effect can radiate from people too, vision pending.
This is the reason successful people are successful. They always seem to find a way and other people gravitate toward them. Even if something doesn't work out, they quickly find something else to engage in.
It comes from their ability to objectively assess where they are and then move toward a better state of being in every aspect of their life, not just a goal or a singular objective. They consider the entire life — career, finance, health, family/friends, romance/intimacy, personal growth/education/spiritual, fun/recreation, and physical environment/home/community.
Don't get me wrong. I don't subscribe to the notion that all of these need to be balanced all the time. They don't. As long as someone makes progress in each area of their life, other areas can receive more attention. It isn't until someone starts to make long-term concessions or sacrifices (or short-term cheats) that things will start to break down and even whatever dominated their life is compromised.
The same holds true for organizations. They have to consider their mission, values, and culture just as much as market share, revenue, or stock price. All too often, organizations forget themselves and set singular objectives ahead of their vision like increasing a profit margin or cutting a budget.
But what happens over the long run? Much like marketers have found deep discounts can increase conversion rates but cheapen a brand, companies can lose everything by chasing one thing. Case in point, frozen foods have suffered from a sales slump that they hope marketing can fix.
The truth is that once premium frozen food brands like Marie Callender's frozen dinners aren't as good as they used to be. ConAgra thinks it's a perception issue, but it's a quality control issue. The meals they made ten years ago are not the meals they make today. The meals they make today aren't even as good as the ones they made last year. The sales decline matches recipe cutbacks, not consumer moods.
Think of a few companies that have been shuttered. Borders shrugged off an earlier vision to embrace merchandising and so chose a mission to change people (outside of its control) instead of seeing its place within that environment (inside its control). Circuit City adopted a vision that saw its team working together but never really outlined what they were working toward. Blockbuster had a mission and vision that defended its value proposition even when it no longer had value.
Barnes & Noble has an odd mission/vision too. One wonders how long it can compete without recognizing the critical need to better integrate the physical-online-mobile landscape (among other things). I can see a vision for them, but wonder if it will see it before it is missed as a company.
Whatever your vision, it's probably right.
If you really want to develop a successful vision for the new year, start with assessing where you are and then dream up some ideal outcomes. Develop your vision from there by shifting away from the outcomes and more toward the qualities that epitomize them because it's the verb that gets you there and not the noun.
Once you have it down, it all becomes a matter of making personal progress. Organizations and nations aren't much different either. As long as the people who make it up can agree or believe in the vision enough to take action toward it, it will be infinitely more likely to realize than if it never had one.