I feel the same way. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. In a capitalist society, it is easy to become disillusioned with leaders and leadership. 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. There's an anecdote Musk's first wife tells of him back in college. He views these as experiments that didnt work out and simply moves on to the next step. Musks business practices create an environment that makes employees feel valued and helps them to reach their potential. Elon Musk is an American businessman. 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). Musk generally influences people in his organization as well as outside world by using great communication skills. He received his first computer at 9 and by 12 had coded and sold a video game (Cole, 2021). Here are a few considerations that Musk should pursue to get Tesla back on track. Score: 10 out of 10 (highest in the batch) Md. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. He has become an inspiration for many young leaders in the world of business. 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. How often does something small in scale pull your attention away, making you less productive and less effective? His speeches are marked with . However, Musk does it in a healthy, constructive way. Great post! We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. Why? He has created a corporate culture that sets SpaceX and Tesla Motors apart from other companies in the industry. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. Stay laser focused and don't procrastinate. He wants to die on Mars. Musk once said, If something is important enough, even if the odds are against you, you should still do it. 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. He has had many failures in the course of his career, ranging from mechanical failures in his Tesla brand to rockets crashing. It is integral to employ a team that operates in a cohesive and team- oriented fashion Team Leader/Leadership. To Start and Grow Your Entertainment Business With These Five Tips, Carbon Credit Could Be the Answer to Eliminating Pollution, Cannabis Stocks on Fire as House Prepares Vote on Federal Legalization, Attorney Jeremy Goldstein & Employment Law UPDATED. Biography.com. In 2018, Musk tweeted, Creating a rocket company has to be one of the dumbest and hardest ways to make money. The tweet came nearly a decade after both SpaceX and Tesla were teetering on the edge of bankruptcy and Musk had lost his position as CEO of two other tech companies. Later, he said, advice I would give is to not blindly follow trends. In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. Interesting business experiences from the past. He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. Today, Musks 100-hour-work weeks lie at the core of his success. References His financial decisions even resulted in him borrowing money to pay rent for a period of time.He has justified his unusual entrepreneurial moves saying, If I ask investors to put money in, then I feel morally I should put money in as well. Or as he has more colourfully puts it. You can't . The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. Leading From Front. Creates and turns vision into business realities. Many of Musk's grand ideas come from small questions. 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. 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. 15 Sunny Bonnell, Every Entrepreneur Can Learn From These 5 Leadership Traits of Elon Musk. Entrepreneur. 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. Elon Musk Biography. As a child, Musk became interested in computer programming and taught himself to code. I would have been happy with a 98%. In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. Things could get nasty.". Mission statements provide a sense of focus and direction among employees. He loves what he's doing because he does what he loves. The truth is, if we are passionate - or find passion - in the work we're doing, work stops feeling like work. Be obsessed and obsessive. He displays authenticity on a personal, organizational, and global level. He wasn't distracted by other, tedious tasks. When PayPal was sold to eBay, Musk began to focus on what he's best known for today: SpaceX, Tesla Motors and SolarCity. 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. 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. Autodesk is a leader in providing design and . An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). Inspiring leaders set the example for their employees through consistent hard work and adherence to the companys core values.7. 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. Yet, while his unique personality and boundless creativity have led to incredible success for his. Mr Musk. A railroad. Elon Musk is inventive, intuitive, sociable, and adaptable. How do we make California transit more convenient? His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Business Insights Blog. 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. How many opportunities are lost because of our fear of asking? 2. 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. Think of your own work life and the way you go about your day-to-day tasks. He really gives his all to what he does.This certainly cant be easy considering the failures his companies have faced. 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. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." 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. It turns into a mission or game, and we find ourselves enjoying what we're doing. He has borrowed huge sums and sold large tranches of Tesla stock to help fund the acquisition. He wasn't distracted by other, tedious tasks. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. 12 Wall St. 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 Musk is a perfect case study for someone whose work ethic is fueled by his passion. Superheroes emulate him. 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. His contributions in the fields of aerospace and sustainable energy (among others!) His first marriage was to Canadian author Justine Wilson in 2000. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. https://www.britannica.com/biography/Elon-Musk. . Related: When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. 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. And Tesla Motors has remained unprofitable for more than a decade.But thanks to his unwavering belief in the long-term importance of these projects, investors and the general public have remained supportive. The initial question is always small, then the answers grow progressively bigger. Heres part 1. There are occasions when Musk's employees or those working with him find him hard to work with. Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. 2023 Leaderonomics Sdn. 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. Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. A clear indicator of his innate capacity for technology. 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. But can we describe why the SpaceX CEO is the way he is? Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. Chairman, Solar City. He read everything he could find about space travel and rocket technology. Many leaders share the mindset to "just get it done" or accept it's good enough even when it's not. City, University of London provides funding as a founding partner of The Conversation UK. 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. Now look at Tesla: it's a booming giant that's changing the automotive world. The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. Los Angeles: Sage Publications. His solar company is cash-flow positive. 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). (2021). Bhd. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. Such as PayPal, SpaceX, founder of the Conversation UK working with him find him to! Among his many ventures, Elon & # x27 ; s employees or those working with him find him to... 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