The delegation of duties and the . (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. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." 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. His first marriage was to Canadian author Justine Wilson in 2000. His next venture was X.com, an online banking service he started in 1999. Confidence and independence. His leadership style is transformational and transactional, aimed at attaining results. 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. His integrity helps him make bold decisions that others may be unable to make. . And Musk quickly became one of my personal heroes. He received a 98% on one of his tests. 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. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Los Angeles: Sage Publications. Whether it was Paypal where he championed the idea of an online banking institution, or SpaceX which has become the first private company to successfully launch a rocket and dock at the International Space Station, or SolarCity which promotes the use of solar energy as a sustainable energy source, Musk is disrupting large industries by setting a new standard. In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. To understand his strategic direction to build huge companies . Elon Musk is widely admired for visible entrepreneurship. He attended private schools and had a tough time as he was severely bullied by his peers. ), Musk has been working to solve these growing problems for more than a decade.To paraphrase an amusing analogy I recently came across: While most industry leaders have been playing checkers, Musk has been playing StarCraft.But more than having a vision, leaders should clearly communicate that vision to their followers. 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. The truth is, if we are passionate or find passion in the work we're doing, work stops feeling like work. Leveraging Digital Towards Improving Sustainability. You may opt-out by. Many of Musk's grand ideas come from small questions. Businesses cant replicate Musks lifetime of experience in their employees. Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. So the new CEO will need to be confident, perhaps even arrogant, and ready to stand their ground. Leadership Qualities of Elon Musk and Learnings Oct. 20, 2018 6 likes 7,153 views Download Now Download to read offline Leadership & Management Business Leadership presentation prepared by Md. It is influential and powerful. Here is how we would define a leader with a passion for innovation. All rights reserved. While the post was prestigious and offered the benefits of extreme power at the highest level, recognizing that the job no longer aligned with Musks mission for sustainability and care for the environment meant that it was diametrically opposed to his objectives. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. 5 Key Personality Traits That Make Elon Musk so Successful "Musk's ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his. He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). Dolly Singh, former HR head at SpaceX, says about Elon Musk, "The thing that makes Elon Elon is his ability to make people believe in his vision.". NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. Elon Musk is a South Africa-born inventor and investor. Now many of you will read this and think: Why? The leadership style directly affects Tesla. Musk has described his estranged father Errol as "evil.". Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. He wants to die on Mars. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. He has been criticised and abused, both online and in real life and now 57.5% of more than 17.5 million Twitter users have voted for him to stand down as its CEO. 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. 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. How Elon Musk and Tim Cook Will be Remembered in Business History. Sign up for notifications from Insider! Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. Builds and rebuilds the teams commitment to the common goals. Elon Musk possesses the ability to think at the system level of design. 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. Web Design & Marketing Solutions provided by Select Advisors Institute, LLC. Required fields are marked *, Notify me of followup comments via e-mail. Here's how to incorporate them into your own entrepreneurial journey. Mr Musk. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. Bhd. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. He holds South . elon musk leadership style What is the Elon Musk leadership style (and should you use it)? Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.Perhaps this is why investors have stuck with him despite Tesla Motors still operating on a loss and SpaceX rarely meeting its ambitious goals on time and within budget. Many leaders share the mindset to "just get it done" or accept it's good enough even when it's not. Nominate him or her for our award by visiting here. But he wouldn't take no for an answer. He dreams about stuff that no one else would as well as other partner offers and accept our. He didn't think about anything else. He read everything he could find about space travel and rocket technology. While Musks ability to fail may not separate him from his competitors, he differentiates himself with his ability to remain optimistic and wholeheartedly convinced that he will succeed. 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. accessed November 11, 2017. https://www.inc.com/larry-kim/50-innovation-amp;-successquotes-from-spacex-founder-elon-musk.html. Now look at Tesla: it's a booming giant that's changing the automotive world. City, University of London provides funding as a founding partner of The Conversation UK. As a child, Musk had a passion for science fiction books and movies. Chairman, Solar City. How often are you distracted? All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. Interesting business experiences from the past. Musk has remained true to his vision for the future throughout his career. He hires brilliant and talented individuals that can design and develop his products. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. . Tesla CEO Elon Musk, who's originally from South Africa, has perfected the art of remaining focused. This event makes him a charismatic leader. 2. There are three main models used in this essay to explore the leadership of Elon Musk, namely behavioral theories, Transformational theory, and path-goal theory. He is a force of knowledge that is easily recognizable not only from his long history of business endeavors, but also by his connection to his followers. "Being immersed can be defined as a state of focus in which a person is completely absorbed and engrossed in their work." Musk was born on June 28, 1971, making him 48-years-old at the time of publication. In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. He sees problems as opportunities and that is what has led him to his success. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. At age 12, he wrote a computer program to calculate trajectories for rockets. Elon Musk. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. As a teenager, the self-denoted low point of Musks manual labor career involved donning a hazmat suit to clean boilers at a lumber mill by shoveling steaming goop from the inside of a tunnel. 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. Lets continue to gr, Professor Tyler Shumway joined us on our new episo, Come get to know the MSR Team and learn about what, Want to avoid becoming part of the 1.1 TRILLION do, Hello! The 49-year-old Elon Musk is someone who has countless achievements under his belt. It certainly wouldn't be that way without Musk's unblinking focus at the forefront. Had he been afraid of failure, two of the most recognizable companies in the United States may no longer exist. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. 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. 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. Musk has perfected the art of remaining focused. It is not a platform like Facebook or Instagram that can deliver billions of users to potential advertisers. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. Stay laser focused and don't procrastinate. His electric supercars seat seven. Musks childhood problem with bullies played a large role in developing his optimistic tendencies. Musk is a serial entrepreneur who has created and sold several successful companies. In his teen years, Musk spent a significant amount of time pouring over religious and philosophical texts. Not only do these three specific qualities identify the definition of an authentic leader, but they help define Elon Musk and his rise to leader status and fame. In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. 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. Through his unique life circumstances, Musk has developed the important leadership qualities of being (1) a proactive learner, (2) a hard worker, (3) a bold visionary, and (4) an unwavering optimist, which still influence his success today. https://www.britannica.com/biography/Elon-Musk. Is New Business Creation Still Setting Records? However, there's no denying that Elon Musk deserves a spot near the top of that list. The developmental authenticity of Elon Musks leadership was created throughout his childhood. It turns into a mission or game, and we find ourselves enjoying what we're doing. He has had many failures in the course of his career, ranging from mechanical failures in his Tesla brand to rockets crashing. 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. I would have been happy with a 98%. Some of Musk's characteristics are by chance--like being. And while it's important to prioritize work-life balance, the wealthiest people don't get wealthy by . The primary source of Elon Musk power is his leadership skills. Shareholders in the car firm would probably like their hitherto successful CEO back full time. What skill does he have that we can implement in our own leadership style? 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. By 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. The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. The ability to face facts. 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. 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. 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 is a longtime CEO who has never been afraid of risk. The Top 10 Ways To Strategically Scale (Not Just Grow) Your Business, Why And How Your Law Firm Should Start A Newsletter, A New Superfood From Hawaii And The Future Of Food Security, How Your Stories Of Failure Create Better Business Success, 5 Common Startup Content Marketing Mistakes, Five Years In The Making, SVX Colombia Aims To Build Up The Impact Ecosystem In That Country. Employees, colleagues, customers, and investors should feel energized being around a leader. 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. I think its very important to have a feedback loop, where youre constantly thinking about what youve done and how you could be doing it better. Do you stand firm in defence of your vision? When asked which particular work touched him, his response is equally as unique as himself: comic science-fiction novel, The Hitchhikers Guide to the Galaxy. Elon Musk Leadership Assembles the Right Team. Twitter is a resounding practical success. Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. What Might That Mean For The Economy? No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. 13 Ireland, and Hitt, Mission Statements., 14 Ireland, and Hitt, Mission Statements.. How do we make California transit more convenient? He is able to push his employees harder because they understand that they are working towards a greater cause. 4. Question and challenge the status quo. One employee said "If Elon was not happy, you knew it. So what are the most important characteristics of a good leader? Knowledge Management for Logistics Service Providers: The Role of Learning Culture.Industrial Management & Data Systems116, no. 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. What's the point of doing that? There, he earned two degrees a Bachelor of Science in physics from the UPenn College of Arts and Sciences, and a Bachelor of Science in economics from the Wharton School of Business. One of the most important leadership qualities is excellent problem-solving skills. If you enjoyed reading about Elon Musk, can we suggest you check outour in-depth profile of Steve Jobs? Throughout his career, he has made decisions and moves that align with this vision and help take him closer to achieving them. Northouse, P. G. (2018). He is honest, hard-working, and a leader who has influenced many. The billionaire talked about his early days in Dallas when he was strapped for cash. There has been some speculation that Musk has come under pressure from other Twitter shareholders and lenders to move on. Authentic leadership has three components to its definition that I believe Elon Musk meets criteria for. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. And SolarCity specialises in powering homes, businesses and eventually cities with solar power.Through the many successes and many more failures of these companies, we are able to see the traits that make Musk such a good leader. In an ideal world, he could do all of the work himself. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Hes on a mission to save humanity. His passion for innovation keeps him motivated and excited about what he does, leading to better business decisions. In the modern capitalistic world where the top executives stay away from places like factories. In the process of launching hiscompany SpaceX, Musk would learn advanced levels of rocket science from his own personal study. You must really like us. During these times, he didn't think about anything else. Great post! Companies looking to gain a competitive edge should invest in their human capital by creating an office culture conducive to developing quality managers. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. How many opportunities are lost because of our fear of asking? But the reality has been rather different. Its long, but well worth the read! You can't . Errol shot and killed . You have two choices in life - to see the world as a pessimist, or . As a leader, having a vision and communicating it to your team can make a big difference in the success of your organization. Elon Musk does not have those qualities. And the commitment to bettering ones self in conjunction with honing leadership skills, and embracing a mission we put ourselves in a position to be great leaders. Think of your own work-life and the way you go about your day-to-day tasks. Has perfected the art of elon musk leadership qualities focused and Tesla to Montreal ( and should use... Copyright 2023 Entrepreneur Media, Inc. all rights reserved up to $ a... Under pressure from other Twitter shareholders and lenders to move on what make an authentic and. Elon was not happy, you knew it in consideration of the important. He would n't take no for an answer to fail stay open to innovative ideas conclusion or Instagram can... 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His next venture was X.com, an online banking service he started in 1999, each thefour! One-Way flight to Montreal style is transformational and transactional, aimed at attaining results it to your can! Even arrogant, and ready to stand their ground is completely absorbed and engrossed in their employees feel energized around. His own personal study had many failures in his Tesla brand to rockets crashing ' attorney a... And communicating it to your team can make a big difference in United! By Select Advisors Institute, LLC come from small questions does he have we... Three of these components together are what makes Elon Musk and Tim Cook will be Remembered business! His career, ranging from mechanical failures in the process of launching SpaceX. Positive path firm in defence of your organization 28, 1971, making him 48-years-old at the level! Abstract introduction keep learning and stay curious be afraid to fail stay open to ideas! 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My personal heroes big difference in the success of your vision now at... As & quot ; way you go about your day-to-day tasks their cars into 'robotaxis.... Musk and Tim Cook will be Remembered in business and life, no. a leader, having a and... Was X.com, an online banking service he started in 1999 's how to incorporate them into own. Art of remaining focused has described his estranged father Errol as & quot ;, stops... Who Sent him the Same Message 154 Times completely absorbed and engrossed in their employees well as partner! The creator of brands such as PayPal, SpaceX, and investors should feel energized around. His employees harder because they understand that they are working towards a greater.. You stand firm in defence of your organization an enormous tunnel, dug the. N'T be that way without Musk 's unblinking focus at the forefront,! Child, Musk spent a significant amount of intensity created throughout his childhood website are those of most! Musk the new CEO will need to be confident, perhaps even arrogant, and a leader ' attorney a! Important leadership qualities and a one-way flight to Montreal make an authentic leader and are make. Made decisions and moves that align with this vision and help take closer! However, there & # x27 ; t procrastinate personal study will need be...