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. He understands how to motivate people and create a collaborative working environment. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. Explore the amazing adventurehe wishes to take us all upon. Mission statements provide a sense of focus and direction among employees. Elon Musk has always been remembered as a transformational autocratic leader. May 31, 2021. It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. 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. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. 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. Elon Musk is widely admired for visible entrepreneurship. Balanced processing refers to the ability of a leader to be objective and find balance by incorporating a combination of self values, in addition to considering the opinions and values of others within the organization (Northouse, 2019). I'll talk about them here. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. We'd, Thanks for all the support! If you enjoyed reading about Elon Musk, can we suggest you check outour in-depth profile of Steve Jobs? How can you and your organization make a positive difference in the world? Musk is a perfect case study for someone whose work ethic is fueled by his passion. Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. 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. However, there's no denying that Elon Musk deserves a spot near the top of that list. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. 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?. https://www.biography.com/business-figure/elon-musk. Leadership is not just a function of management as many perceive it; it is also work and example. 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). He loves what he's doing because he does what he loves. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? The couple had five more sons through IVF; twins in 2004, followed by triplets in 2006. 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. Since then he has made and sometimes walked back numerous changes to the popular social media platform. Together with his brother, he founded Zip2 which was an online directory for businesses. Elon Musk is famously a workaholic - he boasts of working 120-hour weeks to keep production of the Tesla Model 3 on track - but since we met he seems to have been enjoying himself. 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). If [employees] work in an environment in which leadership tells the truth [and] in which layoffs are not the default in hard timesthe result, thanks to the increased levels of oxytocin and serotonin, is trust and cooperation.8 Leaders who think of their employees before themselves create a work environment that dramatically increases the teams effectiveness. 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!! The values that our award is based upon are as follows: Entrepreneurial Spirit Passion for Innovation Positive Energy Strategic Direction Personal Integrity/Influence Entrepreneurial Spirit We define entrepreneurial spirit as the following: Web Design & Marketing Solutions provided by Select Advisors Institute, LLC. 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. This article is published by the editors of Leaderonomics.com with the consent of the guest author. 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. . Elon Musk's leadership style is awe-inspiring - most of the time. 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. 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. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. This event makes him a charismatic leader. The values that our award is based upon are as follows: We define entrepreneurial spirit as the following: Embodies commitment, vision, calculated risk-taking and capacity for personal growth. In an ideal world, he could do all of the work himself. Had he been afraid of failure, two of the most recognizable companies in the United States may no longer exist. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. Elon Musk does not have those qualities. Oprah Winfrey. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. Because "no" meant nothing. Fear is an emotion that keeps us from doing things that can help us achieve our goals. He then moved across the United States to California to pursue a PhD at Stanford; but after two days, he left the program to pursue becomingan entrepreneur. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. Musk is not content with doing what everyone else is doing; he seeks solutions for important, large-scale issues that will change the way we live. He displays authenticity on a personal, organizational, and global level. This merged with Confinity to become Paypal. Great post! Authentic leadership has three components to its definition that I believe Elon Musk meets criteria for. 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. The retail giant's tech wing also warned against sharing customer info with AI bots. His passion for his work is so intense that it fuels late-night shifts, motivates 80-hour work weeks, and, as we talked about in the last section, sleeping under his desk. A strong leader needs to be resolute and persuasive, an innovative leader needs to be open to changing her mind. Elon Musk is one of the most innovative and driven entrepreneurs of our time. What more noble cause is there? 4 Claire Zillman, These 6 Companies Give Their Employees Unlimited Tuition Reimbursement. Fortune. The nimble start-up, OpenAI, has taken on tech behemoth Google in a fight for the spot as AI's top dog. It's natural to feel afraid when faced with new challenges, but understanding the danger of complacency can help employees overcome the fear and trepidation around failure. He is a true visionary who can see the road to the future. 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. Tesla balance. 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. It is not a platform like Facebook or Instagram that can deliver billions of users to potential advertisers. 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. Sheryl Sandberg. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. And while it's important to prioritize work-life balance, the wealthiest people don't get wealthy by . 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. Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. Musk is a perfect case study for someone whose work ethic is fueled by his passion. By Andrew Fayad, CEO of ELM Learning, a creative agency focused on designing custom multimedia and digital learning experiences. Elon Musk Leadership Assembles the Right Team. 1. Sometimes, as a leader, you need to step back and say no when things no longer serve your personal and organizational goals. Vision: There is no doubt that Musk has a vision. Do you have a strong belief in it? August 10, 2016. accessed November 23, 2017. https://www. 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. 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. When PayPal was sold to eBay, Musk began to focus on what he's best known for today: SpaceX, Tesla Motors and SolarCity. While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. They push people out, spiral out of control, or end up underperforming dramatically. Skip to document. His first marriage was to Canadian author Justine Wilson in 2000. This personality trait of Elon Musk resembles with Jeff Bezos traits, the founder of Amazon. But is it really a commercial proposition? Find out why in this fantastic piece (also from Wait But Why). Big ideas always come from small thinking. 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. Elon Musk is Tesla Motors ' co-founder, CEO and brand architect, a firm devoted to the manufacture of inexpensive, mass-market electric vehicles, battery products and solar towers. I first became aware of Elon Musk from a tiny blurb in the newspaper. This could be a part of why Elon Musk has been so successful. The truth is, if we are passionate - or find passion - in the work we're doing, work stops feeling like work. 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. When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. 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. As a student of leadership, I can see three key requirements for anyone considering - or being considered for - this role right now: 1. I feel the same way. 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. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. 1. 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. Know an entrepreneur that embodies these values? Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. 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. City, University of London provides funding as a founding partner of The Conversation UK. Opinions expressed are those of the author. When considering his moral reasoning, it is important to look at the type of products he designs and creates. 10. Musk has a preternatural ability to see past the current trends and statuses to see what could be. And Musk quickly became one of my personal heroes. 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). Their first child was lost to Sudden Infant Death Syndrome (SIDS) (Cole, 2021), which was the second notable critical life event. Why Data Privacy Is Still Important for You, Where Accounting Meets Crimefighting: A more exciting career option for accounting students. 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. He is the son of Maye Musk (Haldeman), a model and dietitian, and Errol Musk, an engineer. Whats remarkable about Musk is that he never lets it stop him from fighting through and progressing. 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. Steve Jobs. Companies that pay the price to cultivate a strong office culture will increasingly set themselves apart and experience substantial organic growth as employees step up to become effective managers and branch out the organization. Explore the amazing adventurehe wishes to take us all upon retail giant 's tech wing also against. Due to his transformational leadership, he founded Zip2 which was an online directory for businesses to potential advertisers important... Description of elon musk leadership qualities Musk inspires his employees because, although he has enormous! The world he displays authenticity on a personal, organizational, elon musk leadership qualities strategy execution top of that.... 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