A strong vision is a main predictor for both organizational and team success. Although many studies conclude that vision is important at the organizational level, the impacts of vision on innovation/teams have received far less attention. The purpose of this paper is to discuss vision components and explore its impacts on team performance. After studying the vision on a series of 12 innovations at three companies (Apple, IBM, and HP), we empirically tested the impact of the three components of vision on overall team performance. Data were collected from 75 team members. We found that Vision Clarity and Vision Stability have a positive effect on team performance. We also found that, Vision Support is not significantly related to team performance.