There is vision and then there are visionaries. Not all of us are visionaries, but to make innovation work we all need some vision. Where is the market going? What does the future look like?
Nowadays, the trend is technology – automation, algorithmization, and artificial intelligence – but these are meta innovations. They are happening across industries and influencing every layer of society. It doesn’t take much vision to see this happening, as it already is happening.
What takes vision is to see at a granular level what’s happening within your industry or sector. Capitalizing on very small changes can lead to outsized returns in terms of growth, productivity and investment. Positioning around such changes takes vision, as there is inevitably adjustments, investments, and hiring that needs to be done ahead of time. But to start, you need the vision of what the future holds.