Stephen, the CEO of an automotive company, addressed his employees in his company's annual meeting. He remarked that the company should acquire 60 per cent of the global market share in the next 10 years, and continue to provide quality products and services to all its consumers. Stephen is a:

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Charismatic leaders are visionary because they offer an exciting image of where the organization is headed and how to get there. A vision is more than a forecast; it describes an ideal version of the future of an entire organization or an organizational unit. See "Characteristics of Charismatic Leaders."

Stephen, the CEO of an Automotive Company, Addressed His Employees