This monograph offers leadership approaches for school principals. Discussion applies the business leadership theory of Warren Bennis and Burt Nanus to the role of the principal. Each of the booklet's three parts concludes with discussion questions. Part 1, "Visions and Values for the Provident Principal," demonstrates the importance of understanding personal values and their influence upon future vision. A study by Arnold Mitchell is reconstructed into a "values and lifestyle" typology with four personal characteristics: need-driven, outer-directed, inner-directed, and integrated. Values as determinants in innovative decisionmaking are analyzed in terms of principles of change, types of innovations, and the relationship of values and lifestyle categories to types of innovations. Future educational trends and principals' responsibilities are interpreted. Part 2, "The Seven Intellectual Competencies in Vision," outlines the new theory of "multiple intelligences" as devised by Howard Gardner. This theory outlines seven intellectual competencies that will help principals understand the potentials of their students. These competencies are: linguistic, musical, logical-mathematical, spatial, bodily-kinesthetic, interpersonal, and intrapersonal intelligence. Part 3 deals with "The Seven Tools of Vision for Principals," which comprise the following areas: delaying gratification, responsibility, dedication to reality, balancing, proper use of power and authority, love, and emotional wisdom. Fifteen theoretical references conclude the report. (CJH)