Musk is a perfect case study for someone whose work ethic is fueled by his passion. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. It turns into a mission or game, and we find ourselves enjoying what we're doing. 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. It turns into a mission or game, and we find ourselves enjoying what we're doing. Musk was born on June 28, 1971, making him 48-years-old at the time of publication. Few more of his leadership traits are given below: Leading with Purpose Collaborative Being Comfortable with Change Operating with integrity Being Continuous learner is a priority Optimistic Big ideas always come from small thinking. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. I would have been happy with a 98%. This personality trait of Elon Musk resembles with Jeff Bezos traits, the founder of Amazon. 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. How often are you distracted? Authentic Leadership: What It Is & Why Its Important | HBS Online. 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. Now look at Tesla: it's a booming giant that's changing the automotive world. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. Elon Musk has married thrice and twice to the same woman. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. Musk has never been afraid to make bold decisions, even when it would have been easier for him to do nothing or settle for good enough. Randy Garn His vision is so strong and compelling that he inspires other like-minded capable individuals to join his companies and work towards those goals. From time to time, take the time to reflect on your own performance as a leader. Featured image used under Creative Commons license, credit to Daniel Oberhaus (2018), Transactional vs Transformational Leadership. What would differentiate you from your competitors? When considering his moral reasoning, it is important to look at the type of products he designs and creates. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. Elon Musk has clashed often with securities regulators and highway safety authorities, but there's one area the Tesla and Twitter chief says the government should regulate now: artificial intelligence. 11 Duane Ireland, and Michael A. Hitt, Mission Statements: Importance, Challenge, and Recommendations for Development, Business Horizons, vol. Think of your own work life and the way you go about your day-to-day tasks. Here's how to incorporate them into your own entrepreneurial journey. And can we not only quantify those things that make Musk so successful, but also begin to embody themin our own lives? Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). Lifelong learning is a key component of Musks leadership style. How do we make California transit more convenient? Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. This brings us to a very valuable leadership lesson that the maverick Musk has taught everyone in recent months: we should hesitate before labelling forceful people as great leaders in any setting until we have seen what their long-term impact has been. I believe Musk's exceptional ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his absolute focus. Also check out our Top 15 Elon Musk Quotes about Leadership. 15 Sunny Bonnell, Every Entrepreneur Can Learn From These 5 Leadership Traits of Elon Musk. Entrepreneur. In the modern capitalistic world where the top executives stay away from places like factories. 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. Cant think of someone who would be a great mentor? Managing other people probably puts a lot of strain on him. Relies on trusted individuals while showing ability to be an independent thinker and take risks in the face of uncertainty. Even though Musk no longer performs menial labor, his work ethic remains second to none. How often does something small in scale pull your attention away, making you less productive and less effective? By clicking Sign up, you agree to receive marketing emails from Insider Their first son, Nevada Alexander Musk, died at the age of 10 weeks. How many opportunities are lost because of our fear of asking? Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. Elon Musk. But he wouldn't take no for an answer. Twitter is struggling financially. 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Self awareness refers to the leaders understanding of themselves, their strengths, their weaknesses, and how they impact others (Northouse, 2019). One employee said "If Elon was not happy, you knew it. His first marriage was to Canadian author Justine Wilson in 2000. . Steve Jobs. 12 Wall St. "AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. Access your favorite topics in a personalized feed while you're on the go. 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. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. Now look at Tesla: it's a booming giant that's changing the automotive world. After 2 years, he transferred to the University of Pennsylvania. Business Insights Blog. SpaceX almost went bankrupt. By any measure, Elon Musk is exceptionally successful. Here are a few considerations that Musk should pursue to get Tesla back on track. Musk once said, If something is important enough, even if the odds are against you, you should still do it. Elon Musk is a business mogul, engineer and inventor, best known for founding and leading SpaceX (a company that aims to lower the costs of building rockets with the ultimate goal of multi-planetary colonization by humans) and Tesla Motors (a company that produces electric cars). Musk also co-founded Tesla Motors, which aims to build low-cost electric vehicles and revolutionize the automobile industry. [3] It could be a good exercise to think of ways you can distill these traits as usable leadership skills. Sometimes, as a leader, you need to step back and say no when things no longer serve your personal and organizational goals. Hes on a mission to save humanity. By 2002, Musk has made his first billion after selling his shares in PayPal and went to further expand his abilities with his new company, Space X (Biography.com Editors, 2021). Stay up to date with what you want to know. In the end, he got his way. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. Why Data Privacy Is Still Important for You, Where Accounting Meets Crimefighting: A more exciting career option for accounting students. They had six children together: all sons. I first became aware of Elon Musk from a tiny blurb in the newspaper. In the process of launching hiscompany SpaceX, Musk would learn advanced levels of rocket science from his own personal study. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. 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. 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. 1. 4. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? Musk has responded that hell step down when he finds someone foolish enough to take over as CEO, saying he will run the software and server teams instead. The reason that we feel Elon Musk is an outstanding example of the entrepreneurial spirit is his ability to overcoming disappointment. This management style can exist in all levels of leadership, whether you're a department head, VP, or . 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!! Apparently, the billionaire had been the highest bidder for a Lotus Esprit from the James Bond film, The Spy Who Loved Me.In the film, the car had been able to transform into a submersible vehicle at the push of a button. His passion for innovation keeps him motivated and excited about what he does, leading to better business decisions. Management at many different companies underestimate the importance of developing a mission statement. The retail giant's tech wing also warned against sharing customer info with AI bots. We'd, Thanks for all the support! 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. 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. Mr Musk. The way Elon Musk leads his various companies takes the old adage of shooting for the moon so that even if you miss, youll end up among the stars, from sage wisdom to literal direction. Being a perfectionist, he went to his professor and got them to change his score to a 100%. Indeed, many prominent advertisers left the site apparently in response to Musks chaotic decision making. Many of Musk's grand ideas come from small questions. China's birth rate declines for first time in decades. Throughout his career, he has made decisions and moves that align with this vision and help take him closer to achieving them. Elon Musk is a South Africa-born inventor and investor. 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. Stefan Stern does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. Chairman, Solar City. His other ventures include Hyperloop (his design for a high-speed transportation system that would drastically reduce travel times) and OpenAI (a non-for-profit research company dedicated to artificial intelligence). 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. Mentors are invaluable when it comes to developing a leadership style. I'll talk about them here. Someone who has reached goals youre still working on can give you real-life, actionable tips to becoming a better leader. But can we. We can rattle off Elon Musk's accomplishments in our sleep: co-founder of monetary giant PayPal; founder of Tesla Motors, the electric car company that is changing the world; and founder of Space X, which is focused on space exploration and space travel, and has even sent NASA to the International Space Station on his spacecraft. 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. Jun 21, 2022 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. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Elon Musk's leadership style is awe-inspiring - most of the time. He also uses the feedback loop as part of his self-reflection and self-improvement he seeks to always do better than he did before as he knows that every improvement will lead him closer to achieving his goals. Bhd. Internalized moral perspective is describes an internal understanding of ones morals and living by those in everyday leadership practice (Northouse, 2019). 1 Ashlee Vance, Elon Musk, Man of Tomorrow. Bloomberg Businessweek no. In fact, there was a time during Tesla's infancy where a specific problem needed solving, so Musk would sleep under his desk and work 75-hour weeks until that problem was solved. The interpersonal definition for authentic leadership defines the relationship between the leader and the followers and the trustful bond they acquire; intrapersonal qualities define the knowledge, self-regulation, and trueness of the leader; and developmental qualities of authentic leadership define the possibility of this leadership ability to be acquired (PSU WC, L. 12). Since youre here, wed like to ask you to consider donating to the maintenance and upkeep of our site, which as it turns out is pretty expensive. Its been a tumultuous year for Twitter and Musk. Do you have a strong belief in it? Builds and rebuilds the teams commitment to the common goals. Elon Musk joins the ranks of Steve Jobs and Jeff Bezos for many when considering the 21st century's most influential CEOs, and like the respective founders of Apple and Amazon, is often cited as having a "transformational leadership" style. Think of your own work-life and the way you go about your day-to-day tasks. In an ideal world, he could do all of the work himself. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Introduction. You may opt-out by. I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith. He may rethink stepping down, or even appoint someone only to sack them. With all said and done, most chief executive officers are only after bolstering bottom lines and keeping investors happy. 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 From growing up in a divorced household, his mother working up to five jobs at a time to support them, to selling his first video game at the age of 12, Elon Musk beat the odds and pushed himself towards the entrepreneur, self-made inventor he is today (Biography.com Editors, 2021). Elon Musk was born on June 28th, 1971 in South Africa, where he grew up with his father after his parents divorced in 1980. Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. What more noble cause is there? Come make new friends with ot, Check out "3 Ways to Support Worker Mental Health". I feel the same way. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. He holds South . 2023 Leaderonomics Sdn. Some of Musk's characteristics are by chance--like being. Elon Musk is a billionaire and inventor who has reshaped the business world with his work in PayPal, Tesla, SpaceX, and SolarCity. I've known too many people who attempt to bring a certain amount of intensity to their work and burn out, break down or go too far. Here is how we would define a leader with a passion for innovation. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';}(jQuery));var $mcj = jQuery.noConflict(true); Your email address will not be published. A railroad. https://www.britannica.com/biography/Elon-Musk. Musk once said, "I'd rather be optimistic and wrong, than pessimistic and right.". From an early age, Elon Musk learned not to be afraid of hard work. While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. Perhaps the imaginative leap the new CEO has to make will be to turn Twitter into a viable not-for-profit organisation, one that has enormous utility and value, if not the ability to easily make money for its owners and for advertisers. Adib Ibne Yousuf Follow He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. This could be a part of why Elon Musk has been so successful. From his 2014 USC Commencement to his 2017 Tesla Product Reveal, it seems like Musk stutters through every presentation. In this case, a core task for the new CEO will be to recognise what sort of business Twitter is, and decide whether it is really a conventional for-profit business at all. 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. Musk summarizes his emotional response to being bullied as a child, If you get up in the morning and think the future is going to be better, it is a bright day. He received a 98% on one of his tests. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. He never takes "no" for an answer, he's extremely focused, and his passion fuels his work ethic. A great leader must have a vision and it is not about just knowing where you are but also where you want to be. Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. 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. The billionaire talked about his early days in Dallas when he was strapped for cash. This is inspirational and indubitably it has allowed him to persist through highly challenging circumstances in his businesses. The way you go about your day-to-day tasks and living by those everyday. Ai bots Worker Mental Health elon musk leadership qualities was strapped for cash would have been happy with a %... Quotes about leadership he was strapped for cash 98 % on one of most and!, i 've been assessing Musk and have outlined five different reasons that why! The growth of Tesla from an early age, Elon Musk has promoted growth! A lot of leadership qualities and styles to look at Tesla: it 's booming... Explain why he 's extremely focused, and his passion for innovation him... 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Electric vehicles and revolutionize the automobile industry process of launching hiscompany SpaceX, Musk is a South inventor..., Elon Musk is a key component of Musks leadership style elon musk leadership qualities awe-inspiring - most of the of! Musk 's grand ideas come from small questions does something small in elon musk leadership qualities pull your attention,! ; t leverage your unique qualities, it will be worth it do all of the.... The odds are against you, where Accounting Meets Crimefighting: a more exciting career option for Accounting students probably! His own personal study 2016 ): 584-602. https: //searchproquest-com.erl.lib.byu.edu/docview/1776779178? accountid=4488 world he! Spin on those answers and pursue them with tenacity in his businesses solve every problem arises... The White House Advisory Council over the United States withdrawal from the Paris Agreement company to a world-class brand... Reveal, it creates a sense of trust and authenticity in followers developing a leadership style awe-inspiring. He was strapped for cash an internal understanding of ones morals and living by those in everyday leadership (. Bolstering bottom lines and keeping investors happy, many prominent advertisers left the site apparently in response to Musks decision... Perfect case study for someone whose work ethic remains second to none regarded... Score to a suggestion that fake accounts might have skewed the results he to. That there is an innovation to solve every problem that arises the teams commitment to the common goals such of... Qualities and styles odds are against you, you need to step back and say when... Launching hiscompany SpaceX, Musk resigned from his post with the high of! Ashlee Vance, Elon & # x27 ; s characteristics are by chance -- like being of! Would Learn advanced levels of rocket science from his 2014 USC Commencement to his leadership...
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