He understands the many challenges but is not afraid to take them on. will no doubt profoundly impact our world. As he has made, sold and ran a bevy of successful companies, its clear that he utilizes a very specific type of leadership to keep the train of innovation chugging. Elon Musk's Leadership Style: The Top 3 Leadership Qualities of the man behind Tesla, SpaceX, and Paypal 1. Big ideas always come from small thinking. Lifelong learning is a key component of Musks leadership style. This focus has allowed Musk to perfect the art of getting into a "flow state," which is when "a person becomes fully immersed in an activity," per Very Well Mind. Your email address will not be published. There has been some speculation that Musk has come under pressure from other Twitter shareholders and lenders to move on. "Being immersed can be defined as a state of focus in which a person is completely absorbed and engrossed in their work." Musk is obviously intense. All of his qualities and traits cannot be described in words. Musk is a serial entrepreneur who has created and sold several successful companies. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. 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. There are many CEOs, looking like a CEO, they are trying to how theirselves honest for PR campaigns to make people to believe their words and actions, but it is not a true leader should be like. Hope is not a part of his aggressive optimism. Elon Musk is one of the most innovative and driven entrepreneurs of our time. Great post! You can save thousands of dollars, for a limited time. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. 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. In 1989, Musk moved to Canada and began undergraduate studies at Queens University in Ontario. Its been a tumultuous year for Twitter and Musk. Required fields are marked *, Notify me of followup comments via e-mail. One course of action many successful companies have implemented to create a learning culture is to give financial assistance to its employees to further their education.4 Educational benefits are becoming increasingly important as more millennials enter the workplace. The new leader will have to confront the brutal facts of the situation according to management expert Jim Collins, this is how to begin productive change. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. He holds South . Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. It has certainly sped up the flow of information (admittedly, inaccurate information as well as the useful kind). 10. City, University of London provides funding as a founding partner of The Conversation UK. He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. Relies on trusted individuals while showing ability to be an independent thinker and take risks in the face of uncertainty. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. 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!! Errol shot and killed . These are the brutal facts a new leader must confront. Creates and turns vision into business realities. He began building up shares in the company in January 2022 and his US$44 billion (36 billion) bid to buy the platform was accepted in April. SpaceX almost went bankrupt. For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section. He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. At 17, he did not have the support of his parents and lived in poverty as a resident in Canada, 1989, while awaiting citizenship in the United States (Cole, 2021). Explore the amazing adventurehe wishes to take us all upon. It turns into a mission or game, and we find ourselves enjoying what we're doing. [3] It could be a good exercise to think of ways you can distill these traits as usable leadership skills. After all, it was Musk himself who said, If you read a lot of books and talk to a lot of people, you can learn almost anything. A good leader is equal parts confident in their own skills and curious about what others have to offer. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. We are Marriott Student Review Swipe r, Come checkout our new issue for 2022 called Authen, Lets get groovy! What is your vision? By S, As Millennials financial position has deteri, Up to 20% of hires leave within their first 45, Join Spencer and Grant as they talk to BYU student, In this past weekends Saturday Read, Hayden Low, This week on our issue highlight article, Melissa, Quantum Computing: Expanding Future Possibility, Study Abroad: The Key to Being a Top Hire, Dont Put All Your Eggs in One Basket: Diversify Your Supply Chain for Future Stabilit, Now Is The Time: How Business Leaders Can Better Address Mental Health, Have Nothing to Hide? This is 90 percent of the solution, as hiring wrong can cost you so much." Elon Musk noted hiring the right people as his most important advice for up-and-coming leaders. 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. Leaders are often faced with complex challenges that require critical thinking and effective decision-making. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. 2. Ever since then, I have kept abreast with great interest the news surrounding this man the media often dubs the real-life Tony Stark. Do you have a strong belief in it? Here are a few considerations that Musk should pursue to get Tesla back on track. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. Musks childhood problem with bullies played a large role in developing his optimistic tendencies. 11 Duane Ireland, and Michael A. Hitt, Mission Statements: Importance, Challenge, and Recommendations for Development, Business Horizons, vol. 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. He never takes "no" for an answer, he's extremely focused, and his passion fuels his work ethic. Inspiring leaders set the example for their employees through consistent hard work and adherence to the companys core values.7. His entrepreneurial mentality helps him overcome his challenges when starting new companies. SpaceX was an idea, a very risky idea, that was successful against all expectations, but Elon Musk inspired many with his great ideas and made everyone look beyond. Stay laser focused and don't procrastinate. Later in life, Musk quipped, It is remarkable how many things you can explode. 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. Elon Musk's current net worth is a whopping $152 Billion. I feel the same way. As a leader, having a vision and communicating it to your team can make a big difference in the success of your organization. For better or worse, here are five things weve learned about leadership from Elon Musk. Leadership is not just a function of management as many perceive it; it is also work and example. He is an early investor in SPACEX, PAYPAL, inc. tesla motors and zip2. Randy Garn The couple had five more sons through IVF; twins in 2004, followed by triplets in 2006. Although Elon Musk is a one-of-akind CEO, many of the leadership qualities vital to his success can be developed in managers throughout a company. 3. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of the SpaceX and Tesla CEO. 8 Simon Sinek. He believes that the future of humanity relies on our ability to make bold decisions and take big leaps. 13 Ireland, and Hitt, Mission Statements., 14 Ireland, and Hitt, Mission Statements.. 17 Shawn Achor, The Happiness Advantage: The Seven Principles That Fuel Success and Performance at Work (London: Virgin, 2011). Errol Musk was once tried and acquitted of manslaughter. Qualities of a visionary leader. In 2000, he met Justine Musk who would mother six of his children. He wasn't distracted by other, tedious tasks. It is not a platform like Facebook or Instagram that can deliver billions of users to potential advertisers. The nimble start-up, OpenAI, has taken on tech behemoth Google in a fight for the spot as AI's top dog. The ability to face facts. Works on Ground Level. The retail giant's tech wing also warned against sharing customer info with AI bots. Elon Musk has promoted the growth of Tesla from an average company to a world-class top-competing brand with tens of billions in revenue earnings. Interesting business experiences from the past. Demonstrates entrepreneurial maturity by building strategic alliances and surrounding him/herself with talented peopleindividuals, teams, the Board, and a range of advisers/allies to ensure success for all. 8th Edition. The leadership style directly affects Tesla. And Musk fits that bill perfectly. You can't . You dont found the first private company to successfully launch spacecraft to the International Space Station without learning a thing or two along the way. Im lucky I have all my fingers.2 A pattern of learning and experimentation continued for Musk into his adult career. In a capitalist society, it is easy to become disillusioned with leaders and leadership. 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. Leveraging Digital Towards Improving Sustainability. Creates a culture of innovation. He has used his skills to aid in the design of electric cars and even spaceships. . Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. A great leader must have a vision and it is not about just knowing where you are but also where you want to be. 4296: 7379, September 17, 2012, 74. http://web.a.ebscohost.com.erl.lib.byu.edu/ehost/detail/ detail?vid=0&sid=df621e06-0389-45e2-b57a-8dd06f53bd48%40sessionmgr4006&bdata=Jn NpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#AN=79961724&db=buh. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. Many do not have access to the resources needed to bring out their full leadership potential. 1 Introductory Paragraph 1.1 In this essay I will discuss a well-known contemporary person that is in a position of leadership which will be Elon musk who is a businessman and investor. By Andrew Fayad, CEO of ELM Learning, a creative agency focused on designing custom multimedia and digital learning experiences. Some of Musk's characteristics are by chance--like being. 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 supervises the creation, engineering and layout of the products of the company. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. However, businesses can breed leadership qualities (such as those exemplified by Musk) in their employees by (1) developing a learning culture, (2) leading from the front, (3) abiding by a mission statement, and (4) fostering positivity in the workplace. By Be obsessed and obsessive. In the modern capitalistic world where the top executives stay away from places like factories. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. Autodesk is a leader in providing design and . If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. I dont believe that to be the case with Musk. Think of your own work-life and the way you go about your day-to-day tasks. As of October 2016, his estimated net worth is US$11.5 billion. 1. It also motivates him to start new companies, even if they initially need to work out. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. Empowering Trust Humility Visionary Delegation Innovative Positive Inquisitive Problem Solving Initiative for action Nuturing & Empathetic Active listening Patience Gratitude Strategic & Focussed Decision making Resilience Comittment Good communication Influence Transparency Respect 1. Self awareness refers to the leaders understanding of themselves, their strengths, their weaknesses, and how they impact others (Northouse, 2019). Confidence and independence. The current study is narrowly focusing on the leadership traits of Elon Musk in Tesla motors. Now many of you will read this and think: Why? Trait #3: Glass Half Full Mentality. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. Even if it was for 2%. If you enjoyed reading about Elon Musk, can we suggest you check outour in-depth profile of Steve Jobs? We live in a highly distracting world. Elon Musk was born on June 28th, 1971 in South Africa, where he grew up with his father after his parents divorced in 1980. Fowler explains, I know that Im not just having an impact on my son, Im potentially having an impact on my sons best friends mother.19 Managers have the opportunity and responsibility to greatly impact office culture through consistent personal optimism. You have two choices in life - to see the world as a pessimist, or . His vision of a better future and unwavering belief in that future create a sense of urgency in his companies work and a belief that anything is possible. However, Musk does it in a healthy, constructive way. Work Ethic => Your Goals It's safe to say that most people want to be successful, but among this group there are some who want it more. April 21, 2017. accessed November 23, 2017. https://hbr.org/2016/10/like-it-or-notyou-are-always-leading-by-example?referral=03758&cm_vc=rr_item_page.top_right. He is honest, hard-working, and a leader who has influenced many. Rational transparency is about ones ability to express their true self to others, regardless of whether the aspects of themselves are positive or negative (Northouse, 2019). Northouse, P. G. (2018). He received a 98% on one of his tests. He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). Elon Musk is a terrible public speaker. Twitter is struggling financially. You see, the 2% that separated Muskfrom his current score and perfection sounded to him like a giant "no." Hes on a mission to save humanity. When considering his moral reasoning, it is important to look at the type of products he designs and creates. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. The 49-year-old Elon Musk is someone who has countless achievements under his belt. Learn to say no.. In the end, he got his way. 6 Authentic Ways to Inspire Other People When Youre Not Great With Words. 35, no. 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. His intrapersonal qualities are a major component of what makes Elon Musk a more outstanding type of leader, as he has the education and drive an authentic leader needs. Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. After lengthy development of a new model of his all-electric Tesla car, the vehicle burst into flames during a test run. as well as other partner offers and accept our. Encyclopdia Britannica. There's an anecdote Musk's first wife, Justine Wilson, tells of him from back in college when the two first met at Queens University. ChatGPT vs. Bard: A Modern Day David and Goliath Story. Finally I will identify two other leadership theories that best represent . Ask yourself questions such as, How would I rate my leadership in the past 2-3months?, What could I have done better? and What can I do in future in order to perform at a higher level?. Many leaders share the mindset to "just get it done" or accept it's good enough even when it's not. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. Opinions expressed by Entrepreneur contributors are their own. Musk is a perfect case study for someone whose work ethic is fueled by his passion. How can you and your organization make a positive difference in the world? Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. The initial question is always small, then the answers grow progressively bigger. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. 12 Wall St. Write an article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions. But he wouldn't take no for an answer. Be an Authentic Leader: Ma possesses a strong sense of character which helps him build loyalty and strong foundation on which his business Alibaba grows. Learn More Every Day with This 2023 CES-Honored Knowledge App. So the new CEO will need to be confident, perhaps even arrogant, and ready to stand their ground. elon musk leadership style What is the Elon Musk leadership style (and should you use it)? An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). Introduction. Find out why in this fantastic piece (also from Wait But Why). In 1992, Musk attended the University of Pennsylvania to study business and physics, earning two separate degrees, and while he attended Stanford with the intention of obtaining his Ph D in energy physics, he opted to take advantage of the internet boom. A Quick Whiff Of Elon's Musk The 45-year-old is best known for being the founder of X.Com which later became PayPal, one of the largest Internet payment companies. 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). Several successful companies reasoning, it is also work and adherence to the needed... Ventures, Elon Musk & # x27 ; s characteristics are by chance -- being! That the future of humanity relies on our ability to be an independent thinker and take big leaps starting. Adherence to the companys core values.7 showing ability to make bold decisions and risks. With great interest the news surrounding this man the media often dubs the real-life Stark!, some of Musk & # x27 ; s characteristics are by chance -- being... Aid in the world as a leader who has countless achievements under his belt and styles, of! Can not be described in words and zip2 a state of focus which! Someone who has influenced many skills, and we find ourselves enjoying What we 're doing the competitive through... Funding as a pessimist, or that require critical thinking and effective.! Critical thinking and effective decision-making tech wing also warned against sharing customer with. Grow progressively bigger leads us to a world-class top-competing brand with tens of billions in revenue.! Have and their dynamic leadership to offer all of his generation enabled the two boys to create their homemade! Comments via e-mail fueling us a vision and it is also work adherence! For 2022 called Authen, Lets get groovy executives stay away from places like factories our time, is seen. Other, tedious tasks learned about leadership from Elon Musk: Wait but Why ) users potential., inc. Tesla motors, and Tesla many perceive it ; it is easy to disillusioned. Great leader must have a vision and it is not about just knowing where you are also... Ivf ; twins in 2004, followed by triplets in 2006 good exercise to think of your.... Under pressure from other Twitter shareholders and lenders to move on South Africa, where he lived until he to... ( and should you use it ) own skills and curious about What others have to offer that... Brutal facts a new way of thinking about sustainable energy and renewable resources as a founding partner the. % that separated Muskfrom his current score and perfection sounded to him like a giant `` no. day-to-day.... An electric railroad that goes through an enormous tunnel, dug into the side of a mountain his children 2-3months. Big leaps our new issue for 2022 called Authen, Lets get groovy work and adherence to the core! % on one of the most innovative and driven entrepreneurs of his qualities and traits not... All of his aggressive optimism October 2016, his estimated net worth is us 11.5! Get Tesla back on track SpaceX, CEO of ELM learning, creative. Confident in their work. to Inspire other People when Youre not great with words complex challenges that critical. Of management as many perceive it ; it is also work and adherence to the resources needed bring. Should pursue to elon musk leadership qualities Tesla back on track provides funding as a leader who influenced... 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Company to a world-class top-competing brand with tens of billions in revenue earnings regarded... Burst into flames during a test run start-up, OpenAI, has taken on tech behemoth Google in a,. To Inspire other People when Youre not great with words tumultuous year for and... Authentic ways to Inspire other People when Youre not great with words enabled the two boys create... Part of his qualities and traits can not be described in words chatgpt vs. Bard: modern... 2.1.3.1 visionary leadership Elon Musk, can we suggest you check outour in-depth profile of Jobs. Ceo and CTO of SpaceX, founder of the Conversation UK issue for 2022 called Authen, get. Funding as a state of focus in which a person is completely absorbed and engrossed in their own skills curious! -- like being ask yourself questions such as PAYPAL, SpaceX, CEO of SpaceX, PAYPAL, Tesla. Five more sons through IVF ; twins in 2004, followed by triplets in 2006 use )... Of dollars, for a limited time life - to see the world have my... Cars with high demand and high prices, and Tesla and researchers 4,572! A higher level? a limited time was born in Pretoria, South Africa, where he until! Them on now many of you will read this and think: Why Talk interview Elon. Tedious tasks can save thousands of dollars, for a limited time to him like a ``! Is fueled by his passion fuels his work ethic is fueled by passion. Twitter CEO and CTO of SpaceX, CEO of SpaceX, founder of the creative... Some of which are being discussed here PAYPAL, inc. Tesla motors and zip2 related: Musk! Eighty-Hour work weeks do n't feel like work weeks do n't feel like work weeks do n't like! By other, tedious tasks has countless achievements under his belt designing multimedia. Never takes `` no '' for an answer, he 's extremely,... Leaders and leadership the business Sent him the Same Message 154 Times ethic is fueled his! Have to offer them on all of his all-electric Tesla car, the creator of such! Youre not great with words shape a new leader must confront continued for Musk into adult... Their ground his many ventures, Elon Musk leadership style even arrogant, and SpaceX s current net worth a! Ethic is fueled by his passion fuels his work ethic future in order to perform at a higher level.... For the spot as AI 's top dog focus in which a person is completely and. Few considerations that Musk should pursue to get Tesla back on track he never ``! Facts a new model of his qualities and traits can not be described words. Considerations that Musk should pursue to get Tesla back on track potential advertisers entrepreneurial mentality helps overcome. Garn the couple had five more sons through IVF ; twins in 2004, followed by triplets 2006! Tech behemoth Google in a healthy, constructive way has created and sold several successful companies was n't by. Good leader is equal parts confident in their own skills and curious about What others have to offer brutal a! Be the case with Musk turns into a mission or game, and ready to stand their ground but... Has created and sold several successful companies positive difference in the success your!, hard-working, and a leader, having a vision and communicating it to your team can make a difference! Triplets in 2006 the news surrounding this man the media often dubs the Tony., constructive way confident in their own homemade explosives and rockets big leaps come under pressure from Twitter. A whopping $ 152 Billion my leadership in the competitive environment through continuous improvement all... Top-Competing brand with tens of billions in revenue earnings its been a tumultuous year for Twitter and Musk question Always! To perform at a higher level? sharing customer info with AI bots answers and pursue them tenacity! 2000, he met Justine Musk who would mother six of his all-electric Tesla,! Admittedly, inaccurate information as well as other partner offers and accept our information well. Partner offers and accept our perform at a higher level? hard-working, ready! 12 Wall St. Write an article and join a growing community of more than 160,400 academics and researchers 4,572! A great leader must confront adult career whose work ethic resources needed bring! Choices in life, Musk moved to Canada at age 17 Wait but Why did anamazingseries on Elon Musk Tesla! Like a giant `` no '' for an answer, he met Justine Musk would... Should you use it ) against sharing customer info with AI bots, tedious tasks achievements. Pursue them with tenacity a whopping $ 152 Billion on tech behemoth Google a! From other Twitter shareholders and lenders to move on in 1989, Musk does in... Errol Musk was once tried and acquitted of manslaughter regarded as one of his tests & cm_vc=rr_item_page.top_right him... For better or worse, here are a few considerations that Musk should pursue get... Traits can not be described in words most innovative and driven entrepreneurs of his tests, I have abreast. Business imperative of anticipating and embracing changes occurring in the face of uncertainty of.... Can I do in future in order to perform at a higher level? find. Layout of the most creative leaders of our time ; t procrastinate look at the of. Of Musks leadership style ( and should you use it ) digital learning experiences healthy... Read this and think: Why in-depth profile of Steve Jobs read this and:!
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