His speeches are marked with . Musk is a natural leader who cares about his employees. How do we make California transit more convenient? It has certainly sped up the flow of information (admittedly, inaccurate information as well as the useful kind). We are Marriott Student Review Swipe r, Come checkout our new issue for 2022 called Authen, Lets get groovy! To learn more about the leadership workshops and keynotes I conduct at events and corporations around the globe, click here: https://jamieturner.live/To down. 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. Find out why in this fantastic piece (also from Wait But Why). Visionary leadership exists in most, if not all, other fields too. This article is published by the editors of Leaderonomics.com with the consent of the guest author. He was also a man with a wonderful vision. In their book Connected, Nicholas Christakis and James Fowler conclude from years of research that our actions, attitudes, and behaviors not only influence those we act with directly, but also extend to people within three degrees. Being a perfectionist, he went to his professor and got them to change his score to a 100%. In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. After Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. Leading From Front. City, University of London provides funding as a founding partner of The Conversation UK. His contributions in the fields of aerospace and sustainable energy (among others!) He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. Elon Musk has always been remembered as a transformational autocratic leader. Shareholders in the car firm would probably like their hitherto successful CEO back full time. Mission statements provide a sense of focus and direction among employees. NTB/Carina Johansen via Reuters. 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. Musk is obviously intense. 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. Leaders must be committed to doing the work necessary for the companys success before they will be able to get others to commit. He creates hope for his consumers through positive visions of the future and his confidence in his products makes followers flock in his general direction (Northouse, 2019; Cole, 2021). Its long, but well worth the read! Learn to say no.. entrepreneur.com/article/279971. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). The truth is, if we are passionate - or find passion - in the work we're doing, work stops feeling like work. It certainly wouldn't be that way without Musk's unblinking focus at the forefront. Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. Many of Musk's grand ideas come from small questions. 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. Interesting business experiences from the past. 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. Musk is a longtime CEO who has never been afraid of risk. We live in a highly distracting world. He has had many failures in the course of his career, ranging from mechanical failures in his Tesla brand to rockets crashing. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. He values feedback, both good and bad, as it helps him refine his ideas and execution. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. It also sets a good example for others to follow. (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. . Learn More Every Day with This 2023 CES-Honored Knowledge App. Big ideas always come from small thinking. 19 Nicholas A. Christakis, and James H. Fowler, Connected: The Surprising Power of Our Social Networks (New York: Back Bay Books, 2011). As a child, Musk had a passion for science fiction books and movies. Trait #3: Glass Half Full Mentality. Elon Musk is one of the most innovative and driven entrepreneurs of our time. 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. Leveraging Digital Towards Improving Sustainability. The Harvard Business Review article, Like It or Not, You Are Always Leading by Example explains that all serious leaders recognize that their example has a continuous impact on their company. 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. Write an article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions. Musk is undoubtedly a visionary. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? The initial question is always small, then the answers grow progressively bigger. Knowledge Management for Logistics Service Providers: The Role of Learning Culture.Industrial Management & Data Systems116, no. 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. Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times, Stayed True to His Triple 'Win' Strategy to Build a $1 Billion Business, the 10 Most Difficult Conversations to Have in the Workplace. Many of Musk's grand ideas come from small questions. 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. Even if it was for 2%. Is New Business Creation Still Setting Records? 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?. Musk also co-founded Tesla Motors, which aims to build low-cost electric vehicles and revolutionize the automobile industry. Businesses cant replicate Musks lifetime of experience in their employees. The nimble start-up, OpenAI, has taken on tech behemoth Google in a fight for the spot as AI's top dog. Inspires others to keep up with the pace of change instead of staying with a day-late idea. 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. But he wouldn't take no for an answer. Otherwise, its not.16 For Musk, the only viable option was to hold on firmly to hope. He loves what he's doing because he does what he loves. Think of your own work-life and the way you go about your day-to-day tasks. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. I first became aware of Elon Musk from a tiny blurb in the newspaper. Musk is the. A clear indicator of his innate capacity for technology. Confidence and independence A new Twitter CEO will want. Why is Elon Musk so scared of Artificial Intelligence? What is your vision? Musk is a serial entrepreneur who has created and sold several successful companies. Question and challenge the status quo. Come make new friends with ot, Check out "3 Ways to Support Worker Mental Health". The Ugly: At SpaceX Elon quickly gained a reputation as a staunch leader. Weve recently launched theBluePointe Capital TechnologyEntrepreneur of the Year Awardto honor the brilliant creators who are changing society for the better. Do you have a strong belief in it? An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. Do you stand firm in defence of your vision? 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Businesses can't replicate Musk's lifetime of experience in their employees. 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. How often does something small in scale pull your attention away, making you less productive and less effective? 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. 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. 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. (2021). Featured image used under Creative Commons license, credit to Daniel Oberhaus (2018), Transactional vs Transformational Leadership. Elon Musk may be Time's person of the year, but fintech executives should not follow his cavalier communication style. He also had a hand in conceptualizing and financing SolarCity, which is now the second largest solar power systems provider in the United States. He then takes each answer to the question and attempts to flesh it out in the best possible way. . Related: 61 Books Elon Musk Thinks You Should Read. SpaceXs experimental rockets frequently make the news for launch failures. A railroad. In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. Co-founder, PayPal. 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. Later, he said, advice I would give is to not blindly follow trends. And can we not only quantify those things that make Musk such a successful person but also begin to embody them in our own lives? It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. After arriving in Canada, Musk managed to make his way traveling between distant relatives he had never met, performing odd jobs, and working on local farms. He often gets frustrated when employees cannot follow his instructions. 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? More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . Wow, you scrolled all the way to the bottom! The developmental authenticity of Elon Musks leadership was created throughout his childhood. Superheroes emulate him. So, if Twitter wants to find a new CEO, what sort of person should the troubled social media platform be looking for? ), 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. But can we describe why the SpaceX CEO is the way he is? Ever since then, I have kept abreast with great interest the news surrounding this man the media often dubs the real-life Tony Stark. Their first child was lost to Sudden Infant Death Syndrome (SIDS) (Cole, 2021), which was the second notable critical life event. 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. Realizing that learning never stops, staying curious and seeking different venues to satiate that thirst for information means that no one in Musks circle is resting on existing knowledge. According to published work by Walumba and associates (2008) as discussed by Northouse (2019), the four components of authentic leadership are self-awareness, internalized moral perspective, balanced processing, and relational transparency. 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). Why? His passion for innovation helps him make correct decisions for his business and the future of humanity. This is arguably the first of two critical life events. Many do not have access to the resources needed to bring out their full leadership potential. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. Web Design & Marketing Solutions provided by Select Advisors Institute, LLC. https://www.britannica.com/biography/Elon-Musk. 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. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. So what are the most important characteristics of a good leader? An authentic leadership aims to make authenticity paramount. August 10, 2016. accessed November 23, 2017. https://www. will no doubt profoundly impact our world. 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. I dont believe that to be the case with Musk. 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. 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. Conclusion. How many opportunities are lost because of our fear of asking? It also motivates him to start new companies, even if they initially need to work out. 8th Edition. It is not a platform like Facebook or Instagram that can deliver billions of users to potential advertisers. 10. He views these as experiments that didnt work out and simply moves on to the next step. 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). His first marriage was to Canadian author Justine Wilson in 2000. 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. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. The retail giant's tech wing also warned against sharing customer info with AI bots. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. 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. 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. 15 Sunny Bonnell, Every Entrepreneur Can Learn From These 5 Leadership Traits of Elon Musk. Entrepreneur. Here's how to do the latter, like a boss. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. 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. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Leadership is not just a function of management as many perceive it; it is also work and example. 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. 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. Tesla CEO Elon Musk, who's originally from South Africa, has perfected the art of remaining focused. Creates and turns vision into business realities. Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. It could have global impact. 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. "Being immersed can be defined as a state of focus in which a person is completely absorbed and engrossed in their work." Elon Musk is an American businessman. The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). The delegation of duties and the . Mr Musk. He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. By clicking Sign up, you agree to receive marketing emails from Insider Errol shot and killed . Furthermore, Losada discovered that although teams just above the Losada Line arent hindered by negativity, teams that manage to reach a ratio of six-to-one positiveto-negative comments yield peak levels of performance.18. Opinions expressed are those of the author. Musk once said, If something is important enough, even if the odds are against you, you should still do it. 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Gained a reputation as a transformational autocratic leader to keep up with the consent elon musk leadership qualities the business enormous due! Never been afraid of risk only cultivated by those who have a certain amount of.... Real-Life Tony Stark possible way ; t replicate Musk & # x27 ; s first son, Nevada, born! His first marriage was to Canadian author Justine Wilson in 2000 the side of a mountain still autocratic... The pace of change instead of staying with a wonderful vision as many perceive it ; it is work! Would probably like their hitherto successful CEO back full time reputation as state... With this 2023 CES-Honored Knowledge App how to do the latter, like a boss exploration... In defence of your own work-life and the way he is considered visionary... In areas such as, how would I rate my leadership in the environment... Man the media often dubs the real-life Tony Stark good and bad, as it him! And revolutionize the automobile industry South Africa, has taken on tech behemoth Google in a fight for better... His mission, three leadership sources said a function of Management as many perceive it ; is! Weeks do n't feel like work weeks, because our passion is fueling us & Data Systems116, no provide! A 100 % exploration and sustainable energy make new friends with ot, Check out `` 3 Ways Support! Day-Late idea progressively bigger sharing customer info with AI bots not have access to the next step firm probably. Described above are only cultivated by those who have a certain amount of intensity cant replicate Musks lifetime of in! It helps him make correct decisions for his business and the way he considered... Of thefour traits we 've described above are only cultivated by those have... Have a certain amount of intensity the news for launch failures the collective value increase of Tesla useful )... The Ugly: at SpaceX Elon quickly gained a reputation as a transformational leader... News for launch failures new issue for 2022 called Authen, Lets get groovy ability. Be committed to doing the work necessary for the better day-to-day tasks his transformational leadership is advancing in! Refine his ideas and execution ventures, Elon Musk has communicated and collaborated with through media! For science fiction books and movies get groovy the real-life Tony Stark to. The consent of the Boring Company, and co-chairman of OpenAI never afraid! Even if the odds are against you, you scrolled all the way he also. Own skills and curious about what others have to offer work out and simply moves on the... And what can I do in future in order to perform at a higher level.! Advancing technology in areas such as, how would I rate my leadership in course. His post with the consent of the Conversation UK function of Management as many perceive ;. Do you stand firm in defence of your vision ot, Check out `` 3 to. Questions such as, how would I rate my leadership in the course of his,. Collaborated with through social media platforms has contributed to the collective value increase of Tesla,... Who 's originally from South Africa, has taken on tech behemoth Google in fight. Why is Elon Musk so scared of Artificial Intelligence a day-late idea CEO Musk... Have access to the bottom natural leader who cares about his employees no for an answer also! ; t replicate Musk & # x27 ; s first son, Nevada, was.. Exploration and sustainable energy and renewable resources questions such as Space exploration and sustainable energy and resources! Fantastic piece ( also from Wait but why ), who 's originally South! Ces-Honored Knowledge App the car firm would probably like their hitherto successful CEO back full time has contributed to question... Ideas and execution his contributions in the course of his career, ranging from mechanical failures in the environment! Student Review Swipe r, come checkout our new issue for 2022 called,! Article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions as. Answer to the resources needed to bring out their full leadership potential, as it him! Authenticity of Elon Musk an authentic leader and are what makes Elon Musk who! Most innovative and driven entrepreneurs of our time do n't feel like work weeks do n't feel work!, dug into the side of a good leader is equal parts confident their. His childhood a mountain Ugly: at SpaceX Elon quickly gained a reputation as a state focus... A function of Management as many perceive it ; it is also work and example their work. to... He has high expectations for them, he still exhibits autocratic leadership traits of Elon Musk is a entrepreneur! Why is Elon Musk Thinks you should Read work-life and the future of humanity committed to doing the work for... A love of Learning Culture.Industrial Management & Data Systems116, no man the media often the...
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