Companies aren’t failing because they can’t execute. They’re failing because nobody agrees on what should be executed. They’re rudderless. Chaotic. Floundering. They’re full of overly-ambitious and politically-savvy leaders who have their own agendas, which means the company is not unified.

I do think this vision is necessary but not sufficient. You can’t have vision with no execution. But in my opinion too many people have swung that pendulum too far towards execution in recent years. It’s very true that if you can’t execute the vision doesn’t matter, but if you don’t have a vision then you execute in multiple directions simultaneously, or not at all.