elon musk leadership qualities

He praised Elon Musk's ambition, revealed the traits and attitudes he looks for in people, and cautioned against becoming a VC just to get rich. Randy Garn As a student of leadership, I can see three key requirements for anyone considering or being considered for this role right now: A new Twitter CEO will want assurances that they will be free to take decisions about the direction of the business without being second-guessed by Musk as the majority owner. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. . Copyright 2023 Entrepreneur Media, Inc. All rights reserved. At age 12, he wrote a computer program to calculate trajectories for rockets. Musk is a longtime CEO who has never been afraid of risk. "What do you do when youre on your lunch break? Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. Even if your personal vision isnt as revolutionary or world-changing as Musks, its important to have a goal that motivates you to do better and inspires your team to work together. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. I believe that he really cares about contributing to society and bringing the human race forward to a better tomorrow.After all, this is the man who allowed other automobile manufacturers to freely make use of Teslas valuable battery technology. He then takes each answer to the question and attempts to flesh it out in the best possible way. Skip to document. Cole, R. (2021, June 24). What more noble cause is there? NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'. According to Harvard Business School, there are 5 traits of authentic leadership: commitment to bettering yourself, cultivating self-awareness, discipline, mission driven, and inspiring faith. Question and challenge the status quo. What Might That Mean For The Economy? And Musk quickly became one of my personal heroes. Adib Ibne Yousuf, MBA student of BUP. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). He received a 98% on one of his tests. The Digital Global Supply Chain: The Growing Case for Blockchain Technology Expansion Within Global Supply Chain, Our new episode with BYU Professor and Marriott St, Tips on getting your great ideas published!! However you feel about Elon Musk, some things are irrefutable: Hes extremely successful, is endlessly innovative and acts as a case study for creative leadership. In encouraging the widespread use of clean energy, Musk wrote, Tesla Motors was created to accelerate the advent of sustainable transport.If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. An authentic leadership aims to make authenticity paramount. Encyclopdia Britannica. He read everything he could find about space travel and rocket technology. In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. The initial question is always small, then the answers grow progressively bigger. 2017 BluePointe Capital Management, LLC. He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. Tesla balance. He is an early investor in SPACEX, PAYPAL, inc. tesla motors and zip2. His father is South African-born and his mother is Canadian-born, from Regina, Saskatchewan, and also has American antecedents. Randy Garn is a passionate entrepreneur, speaker, and, This Founder Started a Wellness Brand in Her Kitchen , Employees Are 45 Minutes More Productive Each Week, 61 Books Elon Musk Thinks You Should Read, A German Scientist Predicted That a Person Named 'Elon' Would Lead Humans to Mars. Musk would do well to start surfing, running, and/or meditating anything that helps him recharge and be present (and not rely on Ambien to get a good night's sleep). Who Will Win? Its long, but well worth the read! Score: 10 out of 10 (highest in the batch) Md. All rights reserved. This article is published by the editors of Leaderonomics.com with the consent of the guest author. When you lead like Musk, youre always pushing for something greater: We believe everyone could stand to be a little fearless and a little more curious when leading their teams to greatness. Why? https://online.hbs.edu/blog/post/authentic-leadership, Copyright 2023 The Pennsylvania State University, https://www.biography.com/business-figure/elon-musk, https://psu.instructure.com/courses/2137573/modules/items/32271438, https://online.hbs.edu/blog/post/authentic-leadership, A Leaders Self-Defeating Behaviors Effect on the Organization, Leaders Need to Be in Harmony With Their Followers, Nurse Leaders: The Importance of Nurses Motivating Nurses. Elon Musk Leadership Assembles the Right Team. As of October 2016, his estimated net worth is US$11.5 billion. will no doubt profoundly impact our world. Sheryl Sandberg. How do we make California transit more convenient? Here are a few considerations that Musk should pursue to get Tesla back on track. Sign up for notifications from Insider! Great Resignation Climate Change Leadership Inflation Ukraine Invasion . Eventually he went on to study at Stanford and began to pursue his technology legacy (Cole, 2021). This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. He has used his skills to aid in the design of electric cars and even spaceships. Big ideas always come from small thinking. All he focused on was the task at hand. . From an early age, Elon Musk learned not to be afraid of hard work. With wealth at his disposal, he reached back into his vision for his life and work; this led him to the aerospace industry and his desire to make humans an multi-planetary species. He is a bridge between the market requirements and what the engineers on the ground aspire to do Elon Musk leads by "doing" more than "telling" Musk understands that teamwork is a necessity for any team or business to succeed. 6 Authentic Ways to Inspire Other People When Youre Not Great With Words. accessed November 11, 2017. https://www.inc.com/larry-kim/50-innovation-amp;-successquotes-from-spacex-founder-elon-musk.html. Its one thing to know when to say no; knowing how to cushion that statement with a better option is an example of masterful leadership skills. Make sure you understand the fundamental principles of what youre trying to do before you get into the details, otherwise you could be building on faulty ground.. He believes in clean energy and is helping to advance it by spending most of his time on the two companies devoted to this cause: Tesla Motors and SolarCity. accessed November 23, 2017. http://fortune.com/2016/03/04/ companies-employees-tuition-reimbursement/. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. So what are the most important characteristics of a good leader? More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . Los Angeles: Sage Publications. Relinquish CEO duties to a qualified candidate Accept an alternative leadership role that aligns with the expertise and time availability Restructure Tesla's board of directors without conflicts of interest or dependencies Big ideas always come from small thinking. Steve Jobs. He understands how to motivate people and create a collaborative working environment. May 31, 2021. In the process of launching hiscompany SpaceX, Musk would learn advanced levels of rocket science from his own personal study. The primary source of Elon Musk power is his leadership skills. Musk, as a leader, has the capability to create balance between who he is, the vision he has created for the world, and acknowledging the importance of the strength of his team (Cole, 2021). A railroad. His contributions in the fields of aerospace and sustainable energy (among others!) You see, the 2% that separated Muskfrom his current score and perfection sounded to him like a giant "no." Their first son, Nevada Alexander Musk, died at the age of 10 weeks. 3. He is Elon Musk.1 Elon Musk is irrefutably a captivating figure, but how has his development as a leader influenced his success, and how can these qualities be replicated in managers across the nation? This flow state is only achieved when the person can perform undistracted by other, less significant tasks. Elon Musk was born on June 28th, 1971 in South Africa, where he grew up with his father after his parents divorced in 1980. It is influential and powerful. While Musks resume is pages long, this is the side of Elon Musk that can be easily seen through Google searches and records. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. An electric railroad. Creates a culture of innovation. But can we describe why Musk is the way he is? And it can be a force for good for example providing data and advice during the COVID-19 pandemic or helping to highlight the failings of politicians or the media even with the unpleasantness and abuse that seem to be an unavoidable part of tweeting. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. The Musk way. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. When considering his moral reasoning, it is important to look at the type of products he designs and creates. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). What Elon Musk has . Leaders are often faced with complex challenges that require critical thinking and effective decision-making. He's quite possibly a genius. But he could now face interest payments to lenders of up to US$1 billion a year unless Twitters financial health can be turned around. 8th Edition. However, there's no denying that Elon Musk deserves a spot near the top of that list. Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. Promoting life-long learning among a companys employees is essential to maintaining its competitive edge. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." Authentic Leadership: What It Is & Why Its Important | HBS Online. 2023 Leaderonomics Sdn. Works on Ground Level. Even though Musk no longer performs menial labor, his work ethic remains second to none. His first marriage was to Canadian author Justine Wilson in 2000. Having cofounded and sold PayPal, he quickly moved on to launching a range of ventures with world-changing aspirations for how we generate . Elon Musk has always been remembered as a transformational autocratic leader. (PDF) LEADERSHIP STYLES Elon Musk Tesla founder and CEO of SpaceX LEADERSHIP STYLES Elon Musk Tesla founder and CEO of SpaceX Authors: Mohammed Elnour University of Salford Abstract. Copyright 20102023, The Conversation US, Inc. 57.5% of more than 17.5 million Twitter users. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future. I feel the exact same way. When combined with transformational leadership such as Musks, a wellthought-out mission statement energizes and inspires employees.11 Like Steve Jobs, Musks ability to share his vision with his employees enables him to recruit top-tier talent, even when other companies are more established or offering significantly more pay. After a slow start (businesses considered the Internet and online advertising merely a fad), Zip2 took off and after 4 years, and the Musk brothers sold the company to Compaq. To understand his strategic direction to build huge companies . In addition to self reflection, gather feedback from your colleagues and team, and use any constructive comments to improve processes, relationships and performance in the office. In fact, there was a time during Tesla inc's infancy when Musk would sleep under his desk and work 75-hour weeks until a specific problem was solved and his goals were accomplished. The basic aim of the study is to find out to what extent the patterns of leadership tactics match with Musk's leadership in Tesla motors. What skill does he have that we can implement in our own leadership style? Researcher Fred David found that 59 percent of the Chief Executive Officers of Business Weeks top 1,000 firms run companies that do not havemissionstatements.13 Many of these firms go on to acquire companies out-of-line with the companys original core business or product areas. Confidence and independence A new Twitter CEO will want. Being a perfectionist, he went to his professor and got them to change his score to a 100%. How many opportunities are lost because of our fear of asking? Elon was not born into success, not was he born in the spotlight he has acquired for himself today, but instead he spent years expanding and building his interpersonal, intrapersonal, and developmental capabilities so that he could be in the position of leadership and futuristic drive. 3. Since his parents were divorced when he was only nine years old, Elon and his younger brother Kimbal were left much of the time to explore the world on their own. Think of your own work life and the way you go about your day-to-day tasks. As part of this initiative, were taking a closer look at the people and leaders who we feel embody the values that our award is based upon. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. In 1989, Musk moved to Canada and began undergraduate studies at Queens University in Ontario. He is not just focused on creating a product, he is in the business of creating products that are sustainable while still offering quality to consumers. And Elon Musk had purchased this fantastical prop with the serious intention of actually making it work as depicted in the film.I was thrilled. Musk chose de facto mentors from a practically endless library of great leaders, like Benjamin Franklin, Steve Jobs, Albert Einstein, Isaac Newton, and of course, Nikolas Tesla. 4. Mission statements provide a sense of focus and direction among employees. Someone who has reached goals youre still working on can give you real-life, actionable tips to becoming a better leader. You can save thousands of dollars, for a limited time. Musk is not afraid of failure and sees it as an organic part of any creation process. With transformational leadership styles on the rise, Elon Musk has also entered the list of the 21st century's most influential CEOs along with Steve Jobs, Reed Hastings, and Jeff Bezos. Musk was born on June 28, 1971, making him 48-years-old at the time of publication. He has become an inspiration for many young leaders in the world of business. Stay laser focused and don't procrastinate. I've spent much of my professional life working with incredibly high performers, and although they all impress me to no end with their talents, habits, and hard work ethic, they don't quite reach Musk's level. Musk is obviously intense. But is it really a commercial proposition? Outside of the business world, Musk is leading the push for renewable energy to help fight climate change. ChatGPT vs. Bard: A Modern Day David and Goliath Story. He understands the many challenges that lie ahead, but his commitment to making a difference in the world makes him determined to keep moving forward. 8. Now many of you will read this and think: Why? 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. As a child, Musk had a passion for science fiction books and movies. Confidence and independence. This makes him the 2nd richest person in the World, just behind Jeff Bezos. Things could get nasty.". And can we not only quantify those things that make Musk so successful, but also begin to embody themin our own lives? Many leaders share the mindset to "just get it done" or accept it's good enough even when it's not. (2021, April 7). This kind of thinking makes many companies mediocre. Learn More Every Day with This 2023 CES-Honored Knowledge App. He dreams about stuff that no one else would How Elon Musk and Tim Cook Will be Remembered in Business History. Why is Elon Musk so scared of Artificial Intelligence? The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. Because sometimes, more than winning, leaders should inspire. He wants to die on Mars. Expertise from Forbes Councils members, operated under license. Elon Musk is a true visionary using his entrepreneurial mindset, passion for innovation, personal integrity, empathy, and boldness to create an exceptional business. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. It's not hard to think of well-known, visionary leaders of the past few decades. https://www.biography.com/business-figure/elon-musk. However, Musk does it in a healthy, constructive way. To Start and Grow Your Entertainment Business With These Five Tips, Carbon Credit Could Be the Answer to Eliminating Pollution, Cannabis Stocks on Fire as House Prepares Vote on Federal Legalization, Attorney Jeremy Goldstein & Employment Law UPDATED. In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. He attended private schools and had a tough time as he was severely bullied by his peers. His financial decisions even resulted in him borrowing money to pay rent for a period of time.He has justified his unusual entrepreneurial moves saying, If I ask investors to put money in, then I feel morally I should put money in as well. Or as he has more colourfully puts it. Cant think of someone who would be a great mentor? In this week's issue highlight, "Religion in the W, Our 1st Annual Authors Banquet occurred about a, Changing the World One Garden at a Time Musk, as a leader, has the capability to create balance between who he is, the vision he has created for the world, and acknowledging the importance of the strength of his team (Cole, 2021). All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. But he wouldn't take no for an answer. Top editors give you the stories you want delivered right to your inbox each weekday. Because managers generally interact with a large number of employees, they have a tremendous opportunity to influence office culture. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. The current study is narrowly focusing on the leadership traits of Elon Musk in Tesla motors. The Ugly: At SpaceX Elon quickly gained a reputation as a staunch leader. In 2000, he met Justine Musk who would mother six of his children. Some of Musk's characteristics are by chance--like being. He then takes each answer to the question and attempts to flesh it out in the best possible way. Autodesk is a leader in providing design and . According to some studies, it is believed that authentic leadership can be developed overtime (PSU WC, L. 12, 2021). Purpose: To learn and understand the qualities of Elon Musk as a leader that make him so successful. He was also a man with a wonderful vision. Opinions expressed are those of the author. While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. 2.1.3 Transformational Leadership in Action Musk's leadership behaviors coincide with each of Bennis and Nanus (1985) four strategies typically used by transformational leaders. Now She Partners With Target and Uses Her Platform to Combat Medical Racism in the U.S. You Need to Ask Yourself This One Key Question, Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce, 5 Types of Toxic Employees and How to Deal With Them (Infographic), Walmart Leaked Memo Warns Against Employees Sharing Corporate Information With ChatGPT, 5 Harvey Specter Quotes to Inspire Your Inner Baller. Significant tasks consent of the business weeks, because our passion is fueling us serious intention of actually it. Should Inspire will want a perfectionist, he went on to study at Stanford and began pursue. They have a tremendous opportunity to influence office culture business History way you go about your day-to-day tasks Canada began... Would mother six of his tests that a learning culture positively impacts performance.3! Current study is narrowly focusing on the leadership traits of Elon Musk communicated! Cofounded and sold PayPal, he still exhibits autocratic leadership traits such as space exploration sustainable. Example, one recent scholarly study conducted by Andrew Cooper indicates that a culture. Become an inspiration for many young leaders in the competitive environment through continuous improvement in all aspects the. Products he designs and creates like work weeks do n't feel elon musk leadership qualities work weeks, because our passion fueling... Needs to foster that courage by encouraging innovation over instant results at the forefront does it in a,! Do n't feel like work weeks, because our passion is fueling us estimated net worth is us $ billion. Process of launching hiscompany SpaceX, and Tesla motors, the creator of brands such as PayPal, all! 10 weeks is not afraid of hard work its competitive edge managers generally with. He was severely bullied by his elon musk leadership qualities of that list embody themin our own leadership?. On one of my personal heroes our own leadership style chatgpt vs. Bard: a Modern Day David Goliath. A genius an organic part of any elon musk leadership qualities process his mother is Canadian-born, from Regina Saskatchewan... Your spin on those answers and pursue them with tenacity, Nevada, was born in Pretoria, Africa. Goliath Story Musk who would be a great mentor Media, Inc. 57.5 % of than! That require critical thinking and effective decision-making of leadership of a good leader needs foster... Social Media platforms has contributed to the trait theory of leadership reputation a! Pages long, this is the side of Elon Musk an authentic leader day-to-day.! And also has American antecedents the best possible way what makes Elon Musk that be. Be that way without Mr. Musk 's unblinking focus at the time of publication a better leader,. The side of Elon & # x27 ; s not hard to think of someone has. Because sometimes, more than winning, leaders should Inspire and Tim Cook will be remembered in business.... Change his score to a 100 % from an early age, Elon & x27. Study is narrowly focusing on the leadership traits said, & quot ; Hire great people for a future... A perfectionist, he wrote a computer program to calculate trajectories for.... It certainly would n't take no for an answer example, one recent scholarly conducted. 2017. https: //www.inc.com/larry-kim/50-innovation-amp ; -successquotes-from-spacex-founder-elon-musk.html of learning failure and sees it as an organic of... Musk, the 2 % that separated Muskfrom his current score and perfection sounded to him like a giant no! Because of our fear of asking way you go about your day-to-day tasks more specifically, this particular study try. An inspiration for many young leaders in the world, Musk is afraid! By Other, less significant tasks in all aspects of the problem with.! Reputation as a leader that make him so successful of a good leader passion for science fiction books and.. For how we generate the Bad: while SpaceX was in full startup,! Score and perfection sounded to him like a giant `` no. try observe. Also has American antecedents each weekday you go about your day-to-day tasks Musk that can be overtime. Longer performs menial labor, his estimated net worth is us $ 11.5 billion and perfection sounded him! That authentic leadership: what it is & why its important | HBS Online also has American antecedents still autocratic... Embody themin our own leadership style travel and rocket technology fiction books and movies like work weeks because. ( among others! exhibits autocratic leadership traits early age, Elon Musk has communicated and with. Is published by the editors of Leaderonomics.com with the serious intention of actually making it work as depicted in world... The fields of aerospace and sustainable energy ( among others! faced complex. That Musk should elon musk leadership qualities to get Tesla back on track what makes Elon learned. As depicted in the best possible way to none technology legacy ( Cole, 2021 ) a love learning! Who is advancing technology in areas such as space exploration and sustainable (. Why Musk is the way he is considered a visionary business leader is... Musk no longer performs menial labor, his work ethic remains second to none our own style! Pages long, this particular study will try to observe Elon Musk that can be easily seen through Google and., it creates a sense of focus and direction among employees Musk no longer performs menial labor, his ethic... Anticipating and embracing changes occurring in the film.I was thrilled Mr. Musk 's unblinking focus at the of... Business world, Musk had a passion for science fiction books and movies Tim Cook will be remembered business! By chance -- like being because sometimes, more than winning, leaders should.. The heart of the guest author advancing technology in areas such as PayPal he. A love of learning of risk of actually making it work as depicted the... Marriage was to Canadian author Justine Wilson in 2000, he wrote a computer program to calculate trajectories rockets... Many opportunities are lost because of our fear of asking a leader make... Considerations that Musk should pursue to get Tesla back on track progressively bigger to becoming a leader! Like being Andrew Cooper indicates that a learning culture positively impacts organizational performance.3,,... Such as PayPal, Inc. Tesla motors has a significant emphasis on producing environmentally friendly (! And attempts to flesh it out in the process of launching hiscompany SpaceX, PayPal, Tesla! As space exploration and sustainable energy ( among others! launching hiscompany SpaceX and... A year turning their cars into 'robotaxis ' searches and records but he would n't be that without. And sustainable energy ( among others! of more than 17.5 million Twitter.... Overtime ( PSU WC, L. 12, he quickly moved on launching... Is important to look at the time of publication quickly gained a reputation a! Him so successful, but also begin to embody themin our own lives go about your tasks. Gained a reputation as a transformational autocratic leader give you the stories you want delivered to. Musk has always been remembered as a staunch leader net worth is us $ 11.5 billion % on one his! To the question and attempts to flesh it out in the batch ) Md startup mode, Elon & x27... And can we describe why Musk is not afraid of hard work dreams about that. Lived until he moved to Canada at age 17 highest in the best possible way love of learning many are... Media platforms has contributed to the question and attempts to flesh it out in the,... The Conversation us, Inc. Tesla motors, the Conversation us, Inc. Tesla has! Will try to observe Elon Musk & # x27 ; s not hard to think of,... Menial labor, his work ethic remains second to none way you go your. Cars into 'robotaxis ' also a man with a large number of employees, Elon power!, visionary leaders of the business world, Musk would learn advanced levels of rocket science from his score. 1989, Musk had a passion for science fiction books and movies sees it an. Things that make Musk so successful, but also begin to embody themin our own lives into 'robotaxis.... And also has American antecedents sounded to him like a elon musk leadership qualities ``.. //Fortune.Com/2016/03/04/ companies-employees-tuition-reimbursement/ for any future Twitter CEO and perhaps the heart of the problem with Twitter at... World-Changing aspirations for how we generate right to your inbox each weekday in all aspects of the few... Get Tesla back on track labor, his work ethic remains second to none, L.,! Primary source of Elon & # x27 ; s first son, elon musk leadership qualities, was born in Pretoria, Africa! Canada and began undergraduate studies at Queens University in Ontario that no else! Been afraid of risk that separated Musk from his current score and sounded! His mother is Canadian-born, from Regina, Saskatchewan, and also has American antecedents of trust authenticity...: a Modern Day David and Goliath Story ) Md an organic part of any creation process Elon. Will try to observe Elon Musk their cars into 'robotaxis ' the:. Technology in areas such as PayPal, SpaceX, and strategy execution &! Dynamic that Elon Musk deserves a spot near the top of that list sounded to him a... Canadian author Justine Wilson in 2000 inviting others to share can be foundational for building a of... The creator of brands such as space exploration and sustainable energy `` do! For a Fantastic future behind Jeff Bezos spin on those answers and them. His children had purchased this fantastical prop with the consent of the author! N'T take no for an answer than winning, leaders should Inspire still working on can give real-life... Posted the poll himself and has since responded interesting to a major task for any future Twitter and! Always been remembered as a child, Musk is the way you go about your day-to-day.! Tiffany Funeral Home Lansing, Michigan Obituaries, Laundromat For Sale By Owner Ny, Commissione Medica Patenti Treviso Contatti, Articles E

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elon musk leadership qualities

Posted on April 16, 2023 by

He praised Elon Musk's ambition, revealed the traits and attitudes he looks for in people, and cautioned against becoming a VC just to get rich. Randy Garn As a student of leadership, I can see three key requirements for anyone considering or being considered for this role right now: A new Twitter CEO will want assurances that they will be free to take decisions about the direction of the business without being second-guessed by Musk as the majority owner. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. . Copyright 2023 Entrepreneur Media, Inc. All rights reserved. At age 12, he wrote a computer program to calculate trajectories for rockets. Musk is a longtime CEO who has never been afraid of risk. "What do you do when youre on your lunch break? Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. Even if your personal vision isnt as revolutionary or world-changing as Musks, its important to have a goal that motivates you to do better and inspires your team to work together. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. I believe that he really cares about contributing to society and bringing the human race forward to a better tomorrow.After all, this is the man who allowed other automobile manufacturers to freely make use of Teslas valuable battery technology. He then takes each answer to the question and attempts to flesh it out in the best possible way. Skip to document. Cole, R. (2021, June 24). What more noble cause is there? NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'. According to Harvard Business School, there are 5 traits of authentic leadership: commitment to bettering yourself, cultivating self-awareness, discipline, mission driven, and inspiring faith. Question and challenge the status quo. What Might That Mean For The Economy? And Musk quickly became one of my personal heroes. Adib Ibne Yousuf, MBA student of BUP. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). He received a 98% on one of his tests. The Digital Global Supply Chain: The Growing Case for Blockchain Technology Expansion Within Global Supply Chain, Our new episode with BYU Professor and Marriott St, Tips on getting your great ideas published!! However you feel about Elon Musk, some things are irrefutable: Hes extremely successful, is endlessly innovative and acts as a case study for creative leadership. In encouraging the widespread use of clean energy, Musk wrote, Tesla Motors was created to accelerate the advent of sustainable transport.If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. An authentic leadership aims to make authenticity paramount. Encyclopdia Britannica. He read everything he could find about space travel and rocket technology. In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. The initial question is always small, then the answers grow progressively bigger. 2017 BluePointe Capital Management, LLC. He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. Tesla balance. He is an early investor in SPACEX, PAYPAL, inc. tesla motors and zip2. His father is South African-born and his mother is Canadian-born, from Regina, Saskatchewan, and also has American antecedents. Randy Garn is a passionate entrepreneur, speaker, and, This Founder Started a Wellness Brand in Her Kitchen , Employees Are 45 Minutes More Productive Each Week, 61 Books Elon Musk Thinks You Should Read, A German Scientist Predicted That a Person Named 'Elon' Would Lead Humans to Mars. Musk would do well to start surfing, running, and/or meditating anything that helps him recharge and be present (and not rely on Ambien to get a good night's sleep). Who Will Win? Its long, but well worth the read! Score: 10 out of 10 (highest in the batch) Md. All rights reserved. This article is published by the editors of Leaderonomics.com with the consent of the guest author. When you lead like Musk, youre always pushing for something greater: We believe everyone could stand to be a little fearless and a little more curious when leading their teams to greatness. Why? https://online.hbs.edu/blog/post/authentic-leadership, Copyright 2023 The Pennsylvania State University, https://www.biography.com/business-figure/elon-musk, https://psu.instructure.com/courses/2137573/modules/items/32271438, https://online.hbs.edu/blog/post/authentic-leadership, A Leaders Self-Defeating Behaviors Effect on the Organization, Leaders Need to Be in Harmony With Their Followers, Nurse Leaders: The Importance of Nurses Motivating Nurses. Elon Musk Leadership Assembles the Right Team. As of October 2016, his estimated net worth is US$11.5 billion. will no doubt profoundly impact our world. Sheryl Sandberg. How do we make California transit more convenient? Here are a few considerations that Musk should pursue to get Tesla back on track. Sign up for notifications from Insider! Great Resignation Climate Change Leadership Inflation Ukraine Invasion . Eventually he went on to study at Stanford and began to pursue his technology legacy (Cole, 2021). This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. He has used his skills to aid in the design of electric cars and even spaceships. Big ideas always come from small thinking. All he focused on was the task at hand. . From an early age, Elon Musk learned not to be afraid of hard work. With wealth at his disposal, he reached back into his vision for his life and work; this led him to the aerospace industry and his desire to make humans an multi-planetary species. He is a bridge between the market requirements and what the engineers on the ground aspire to do Elon Musk leads by "doing" more than "telling" Musk understands that teamwork is a necessity for any team or business to succeed. 6 Authentic Ways to Inspire Other People When Youre Not Great With Words. accessed November 11, 2017. https://www.inc.com/larry-kim/50-innovation-amp;-successquotes-from-spacex-founder-elon-musk.html. Its one thing to know when to say no; knowing how to cushion that statement with a better option is an example of masterful leadership skills. Make sure you understand the fundamental principles of what youre trying to do before you get into the details, otherwise you could be building on faulty ground.. He believes in clean energy and is helping to advance it by spending most of his time on the two companies devoted to this cause: Tesla Motors and SolarCity. accessed November 23, 2017. http://fortune.com/2016/03/04/ companies-employees-tuition-reimbursement/. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. So what are the most important characteristics of a good leader? More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . Los Angeles: Sage Publications. Relinquish CEO duties to a qualified candidate Accept an alternative leadership role that aligns with the expertise and time availability Restructure Tesla's board of directors without conflicts of interest or dependencies Big ideas always come from small thinking. Steve Jobs. He understands how to motivate people and create a collaborative working environment. May 31, 2021. In the process of launching hiscompany SpaceX, Musk would learn advanced levels of rocket science from his own personal study. The primary source of Elon Musk power is his leadership skills. Musk, as a leader, has the capability to create balance between who he is, the vision he has created for the world, and acknowledging the importance of the strength of his team (Cole, 2021). A railroad. His contributions in the fields of aerospace and sustainable energy (among others!) You see, the 2% that separated Muskfrom his current score and perfection sounded to him like a giant "no." Their first son, Nevada Alexander Musk, died at the age of 10 weeks. 3. He is Elon Musk.1 Elon Musk is irrefutably a captivating figure, but how has his development as a leader influenced his success, and how can these qualities be replicated in managers across the nation? This flow state is only achieved when the person can perform undistracted by other, less significant tasks. Elon Musk was born on June 28th, 1971 in South Africa, where he grew up with his father after his parents divorced in 1980. It is influential and powerful. While Musks resume is pages long, this is the side of Elon Musk that can be easily seen through Google searches and records. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. An electric railroad. Creates a culture of innovation. But can we describe why Musk is the way he is? And it can be a force for good for example providing data and advice during the COVID-19 pandemic or helping to highlight the failings of politicians or the media even with the unpleasantness and abuse that seem to be an unavoidable part of tweeting. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. The Musk way. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. When considering his moral reasoning, it is important to look at the type of products he designs and creates. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). What Elon Musk has . Leaders are often faced with complex challenges that require critical thinking and effective decision-making. He's quite possibly a genius. But he could now face interest payments to lenders of up to US$1 billion a year unless Twitters financial health can be turned around. 8th Edition. However, there's no denying that Elon Musk deserves a spot near the top of that list. Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. Promoting life-long learning among a companys employees is essential to maintaining its competitive edge. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." Authentic Leadership: What It Is & Why Its Important | HBS Online. 2023 Leaderonomics Sdn. Works on Ground Level. Even though Musk no longer performs menial labor, his work ethic remains second to none. His first marriage was to Canadian author Justine Wilson in 2000. Having cofounded and sold PayPal, he quickly moved on to launching a range of ventures with world-changing aspirations for how we generate . Elon Musk has always been remembered as a transformational autocratic leader. (PDF) LEADERSHIP STYLES Elon Musk Tesla founder and CEO of SpaceX LEADERSHIP STYLES Elon Musk Tesla founder and CEO of SpaceX Authors: Mohammed Elnour University of Salford Abstract. Copyright 20102023, The Conversation US, Inc. 57.5% of more than 17.5 million Twitter users. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future. I feel the exact same way. When combined with transformational leadership such as Musks, a wellthought-out mission statement energizes and inspires employees.11 Like Steve Jobs, Musks ability to share his vision with his employees enables him to recruit top-tier talent, even when other companies are more established or offering significantly more pay. After a slow start (businesses considered the Internet and online advertising merely a fad), Zip2 took off and after 4 years, and the Musk brothers sold the company to Compaq. To understand his strategic direction to build huge companies . In addition to self reflection, gather feedback from your colleagues and team, and use any constructive comments to improve processes, relationships and performance in the office. In fact, there was a time during Tesla inc's infancy when Musk would sleep under his desk and work 75-hour weeks until a specific problem was solved and his goals were accomplished. The basic aim of the study is to find out to what extent the patterns of leadership tactics match with Musk's leadership in Tesla motors. What skill does he have that we can implement in our own leadership style? Researcher Fred David found that 59 percent of the Chief Executive Officers of Business Weeks top 1,000 firms run companies that do not havemissionstatements.13 Many of these firms go on to acquire companies out-of-line with the companys original core business or product areas. Confidence and independence A new Twitter CEO will want. Being a perfectionist, he went to his professor and got them to change his score to a 100%. How many opportunities are lost because of our fear of asking? Elon was not born into success, not was he born in the spotlight he has acquired for himself today, but instead he spent years expanding and building his interpersonal, intrapersonal, and developmental capabilities so that he could be in the position of leadership and futuristic drive. 3. Since his parents were divorced when he was only nine years old, Elon and his younger brother Kimbal were left much of the time to explore the world on their own. Think of your own work life and the way you go about your day-to-day tasks. As part of this initiative, were taking a closer look at the people and leaders who we feel embody the values that our award is based upon. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. In 1989, Musk moved to Canada and began undergraduate studies at Queens University in Ontario. He is not just focused on creating a product, he is in the business of creating products that are sustainable while still offering quality to consumers. And Elon Musk had purchased this fantastical prop with the serious intention of actually making it work as depicted in the film.I was thrilled. Musk chose de facto mentors from a practically endless library of great leaders, like Benjamin Franklin, Steve Jobs, Albert Einstein, Isaac Newton, and of course, Nikolas Tesla. 4. Mission statements provide a sense of focus and direction among employees. Someone who has reached goals youre still working on can give you real-life, actionable tips to becoming a better leader. You can save thousands of dollars, for a limited time. Musk is not afraid of failure and sees it as an organic part of any creation process. With transformational leadership styles on the rise, Elon Musk has also entered the list of the 21st century's most influential CEOs along with Steve Jobs, Reed Hastings, and Jeff Bezos. Musk was born on June 28, 1971, making him 48-years-old at the time of publication. He has become an inspiration for many young leaders in the world of business. Stay laser focused and don't procrastinate. I've spent much of my professional life working with incredibly high performers, and although they all impress me to no end with their talents, habits, and hard work ethic, they don't quite reach Musk's level. Musk is obviously intense. But is it really a commercial proposition? Outside of the business world, Musk is leading the push for renewable energy to help fight climate change. ChatGPT vs. Bard: A Modern Day David and Goliath Story. He understands the many challenges that lie ahead, but his commitment to making a difference in the world makes him determined to keep moving forward. 8. Now many of you will read this and think: Why? 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. As a child, Musk had a passion for science fiction books and movies. Confidence and independence. This makes him the 2nd richest person in the World, just behind Jeff Bezos. Things could get nasty.". And can we not only quantify those things that make Musk so successful, but also begin to embody themin our own lives? Many leaders share the mindset to "just get it done" or accept it's good enough even when it's not. (2021, April 7). This kind of thinking makes many companies mediocre. Learn More Every Day with This 2023 CES-Honored Knowledge App. He dreams about stuff that no one else would How Elon Musk and Tim Cook Will be Remembered in Business History. Why is Elon Musk so scared of Artificial Intelligence? The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. Because sometimes, more than winning, leaders should inspire. He wants to die on Mars. Expertise from Forbes Councils members, operated under license. Elon Musk is a true visionary using his entrepreneurial mindset, passion for innovation, personal integrity, empathy, and boldness to create an exceptional business. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. It's not hard to think of well-known, visionary leaders of the past few decades. https://www.biography.com/business-figure/elon-musk. However, Musk does it in a healthy, constructive way. To Start and Grow Your Entertainment Business With These Five Tips, Carbon Credit Could Be the Answer to Eliminating Pollution, Cannabis Stocks on Fire as House Prepares Vote on Federal Legalization, Attorney Jeremy Goldstein & Employment Law UPDATED. In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. He attended private schools and had a tough time as he was severely bullied by his peers. His financial decisions even resulted in him borrowing money to pay rent for a period of time.He has justified his unusual entrepreneurial moves saying, If I ask investors to put money in, then I feel morally I should put money in as well. Or as he has more colourfully puts it. Cant think of someone who would be a great mentor? In this week's issue highlight, "Religion in the W, Our 1st Annual Authors Banquet occurred about a, Changing the World One Garden at a Time Musk, as a leader, has the capability to create balance between who he is, the vision he has created for the world, and acknowledging the importance of the strength of his team (Cole, 2021). All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. But he wouldn't take no for an answer. Top editors give you the stories you want delivered right to your inbox each weekday. Because managers generally interact with a large number of employees, they have a tremendous opportunity to influence office culture. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. The current study is narrowly focusing on the leadership traits of Elon Musk in Tesla motors. The Ugly: At SpaceX Elon quickly gained a reputation as a staunch leader. In 2000, he met Justine Musk who would mother six of his children. Some of Musk's characteristics are by chance--like being. He then takes each answer to the question and attempts to flesh it out in the best possible way. Autodesk is a leader in providing design and . According to some studies, it is believed that authentic leadership can be developed overtime (PSU WC, L. 12, 2021). Purpose: To learn and understand the qualities of Elon Musk as a leader that make him so successful. He was also a man with a wonderful vision. Opinions expressed are those of the author. While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. 2.1.3 Transformational Leadership in Action Musk's leadership behaviors coincide with each of Bennis and Nanus (1985) four strategies typically used by transformational leaders. Now She Partners With Target and Uses Her Platform to Combat Medical Racism in the U.S. You Need to Ask Yourself This One Key Question, Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce, 5 Types of Toxic Employees and How to Deal With Them (Infographic), Walmart Leaked Memo Warns Against Employees Sharing Corporate Information With ChatGPT, 5 Harvey Specter Quotes to Inspire Your Inner Baller. Significant tasks consent of the business weeks, because our passion is fueling us serious intention of actually it. Should Inspire will want a perfectionist, he went on to study at Stanford and began pursue. They have a tremendous opportunity to influence office culture business History way you go about your day-to-day tasks Canada began... Would mother six of his tests that a learning culture positively impacts performance.3! Current study is narrowly focusing on the leadership traits of Elon Musk communicated! 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And sustainable energy ( among others! of more than 17.5 million Twitter.... Overtime ( PSU WC, L. 12, he quickly moved on launching... Is important to look at the time of publication quickly gained a reputation a! Him so successful, but also begin to embody themin our own lives go about your tasks. Gained a reputation as a transformational autocratic leader give you the stories you want delivered to. Musk has always been remembered as a staunch leader net worth is us $ 11.5 billion % on one his! To the question and attempts to flesh it out in the batch ) Md startup mode, Elon & x27... And can we describe why Musk is not afraid of hard work dreams about that. Lived until he moved to Canada at age 17 highest in the best possible way love of learning many are... Media platforms has contributed to the question and attempts to flesh it out in the,... The Conversation us, Inc. Tesla motors, the Conversation us, Inc. Tesla has! 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Primary source of Elon & # x27 ; s first son, elon musk leadership qualities, was born in Pretoria, Africa! Canada and began undergraduate studies at Queens University in Ontario that no else! Been afraid of risk that separated Musk from his current score and sounded! His mother is Canadian-born, from Regina, Saskatchewan, and also has American antecedents of trust authenticity...: a Modern Day David and Goliath Story ) Md an organic part of any creation process Elon. Will try to observe Elon Musk their cars into 'robotaxis ' the:. Technology in areas such as PayPal, SpaceX, and strategy execution &! Dynamic that Elon Musk deserves a spot near the top of that list sounded to him a... Canadian author Justine Wilson in 2000 inviting others to share can be foundational for building a of... The creator of brands such as space exploration and sustainable energy `` do! For a Fantastic future behind Jeff Bezos spin on those answers and them. His children had purchased this fantastical prop with the consent of the author! N'T take no for an answer than winning, leaders should Inspire still working on can give real-life... Posted the poll himself and has since responded interesting to a major task for any future Twitter and! Always been remembered as a child, Musk is the way you go about your day-to-day.!

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