Final answer:
A well-crafted vision can lead to increased employee morale, improved decision-making, higher customer satisfaction, and enhanced product quality, all of which are tangible benefits that overlap with the positive aspects of better-run bureaucracies and the motivational effects of profit-sharing.
Step-by-step explanation:
There are several tangible benefits associated with a well-crafted vision. When employees understand and are aligned with the vision of the organization, you can often see an increase in employee morale due to a sense of purpose and direction. This can also contribute to improved decision-making, as decisions at all levels are guided by the same vision, leading to consistent and strategic choices.
High morale and purpose-driven behavior may lead to higher customer satisfaction as employees are motivated to serve customers aligned with the company's vision. Moreover, this can also contribute to enhanced product quality, as employees who are more engaged in their work are likely to have a keener eye for quality and innovation.
These positive outcomes echo some of the intended positive aspects of bureaucracies, such as increased productivity and efficiency, and the effects of the team halo effect where teams may appear to work better due to high morale, potentially leading to greater job satisfaction.
Additionally, businesses offering better or less expensive products can see increased profits, which when distributed among employees, can lead to improved productivity due to the direct benefit they receive from the success of the business.