To many CEOs the challenge of a five year vision is daunting. Having recently spent a considerable period of time with our Executive team defining what Pentana Solutions’ five year vision is, I would encourage all leaders of business to travel down this road. The impact of connecting the current mood of the business to the dreams planned for five years’ time is fun, interesting and brave.

Budgeting and business planning is not set in the five year vision in my opinion. Our business planning process had a 12 month window focused on financial forecasting, and really lacked the dreaming big element.

There is no question that there is lots of work to do to get to an outcome, however I encourage all leaders to facilitate and lead your teams down this road because you become a better business as a result.

- To read the previous edition of the ‘A Closer Look with Steve Kloss’ series, click here.