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elon musk leadership qualities
Let your vision guide you Elon Musk is a billionaire and inventor who has reshaped the business world with his work in PayPal, Tesla, SpaceX, and SolarCity. 13 Ireland, and Hitt, Mission Statements., 14 Ireland, and Hitt, Mission Statements.. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. Los Angeles: Sage Publications. Because managers generally interact with a large number of employees, they have a tremendous opportunity to influence office culture. 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. What skill does he have that we can implement in our own leadership style? 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. SpaceXs experimental rockets frequently make the news for launch failures. Write an article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions. Elon Musk was born on June 28th, 1971 in South Africa, where he grew up with his father after his parents divorced in 1980. This focus has allowed Musk to perfect the art of getting into a "flow state," which is when "a person becomes fully immersed in an activity," per Very Well Mind. He views these as experiments that didnt work out and simply moves on to the next step. Know an entrepreneur that embodies these values? Although former employees sometimes describe him as autocratic and blunt to the point of offensive, they remain remarkably loyal.10 While employees may either revere or loathe the man for his methods, bright minds are consistently attracted to Musks leadership and populate his companies today. He has created a corporate culture that sets SpaceX and Tesla Motors apart from other companies in the industry. From a turbulent childhood in South Africa, to the forefront of global entrepreneurship and innovation, Elon Musk is attempting to lead the world to a better tomorrow. All he focused on was the task at hand. This flow state is only achieved when the person can perform undistracted by other, less significant tasks. I'll talk about them here. Tesla balance. Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. World-renowned psychologist Shawn Achor asserts in his book The Happiness Advantage that happiness and positivity are key drivers of success and productivity.17 Figure 2 illustrates how, after extensive mathematical modeling, psychologist and business consultant Marcial Losada determined that 2.9013 is the ratio of positive-to-negative interactions necessary to make a corporate team successful. Hes on a mission to save humanity. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. 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. For better or worse, here are five things weve learned about leadership from Elon Musk. NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'. 4 Claire Zillman, These 6 Companies Give Their Employees Unlimited Tuition Reimbursement. Fortune. Many of Musk's grand ideas come from small questions. Great post! His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Confidence and independence A new Twitter CEO will want. PSYCH 485 | Lesson 12: Authentic Leadership https://psu.instructure.com/courses/2137573/modules/items/32271438. Musk is obviously intense. Musk is a longtime CEO who has never been afraid of risk. 10. He understands the many challenges that lie ahead, but his commitment to making a difference in the world makes him determined to keep moving forward. If being willful, and opinionated, yet adaptable are key traits to great leaders. He attended private schools and had a tough time as he was severely bullied by his peers. Leaders must be committed to doing the work necessary for the companys success before they will be able to get others to commit. 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. https://www.britannica.com/biography/Elon-Musk. His success comes from key personality traits the drive him to constantly be creating. 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. Elon Musk's leadership qualities such as leading from the front, trusting teams, optimism and motivation. I would have been happy with a 98%. Adib Ibne Yousuf, MBA student of BUP. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. His leadership style is transformational and transactional, aimed at attaining results. 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. will no doubt profoundly impact our world. Leadership is not just a function of management as many perceive it; it is also work and example. The Musk way. When Musk is brave with his decisions, his team is empowered with the same courage. First, according to the theory of authentic leadership, Musk had to exhibit positive psychological capacities and moral reasoning, and had to experience a critical event, in order to develop into an authentic leader (Northouse, 2019). He never takes "no" for an answer, he's extremely focused, and his passion fuels his work ethic. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. Elon Musk. It turns into a mission or game, and we find ourselves enjoying what we're doing. Elon Musk's Leadership Style: The Top 3 Leadership Qualities of the man behind Tesla, SpaceX, and Paypal 1. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. He then takes each answer to the question and attempts to flesh it out in the best possible way. Otherwise, its not.16 For Musk, the only viable option was to hold on firmly to hope. 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. In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. 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?. Elon Musk Leadership Assembles the Right Team. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. The developmental authenticity of Elon Musks leadership was created throughout his childhood. Top editors give you the stories you want delivered right to your inbox each weekday. 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. Shareholders in the car firm would probably like their hitherto successful CEO back full time. Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. He then tried to pull out of the deal in July, before finally taking ownership in October. In 2000, he met Justine Musk who would mother six of his children. 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 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. Think of your own work-life and the way you go about your day-to-day tasks. 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). Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. 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. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. 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. And Musk quickly became one of my personal heroes. How often are you distracted? Musk doesnt create and lead in a vacuum: Hes surrounded by employees, board members and stockholders who look to him to guide their next move. Find out why in this fantastic piece (also from Wait But Why). He wants to die on Mars. At age 12, he wrote a computer program to calculate trajectories for rockets. Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. 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. Bill Gates. 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 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. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. Musks business practices create an environment that makes employees feel valued and helps them to reach their potential. Now many of you will read this and think: Why? . Why? Internalized moral perspective is describes an internal understanding of ones morals and living by those in everyday leadership practice (Northouse, 2019). China's birth rate declines for first time in decades. It turns into a mission or game, and we find ourselves enjoying what we're doing. No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. Twitter is a resounding practical success. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. Yet, while his unique personality and boundless creativity have led to incredible success for his. 17 Shawn Achor, The Happiness Advantage: The Seven Principles That Fuel Success and Performance at Work (London: Virgin, 2011). Musk takes a scientific approach to building teams, one that is based upon an understanding of their behavior and talent, and he leads them through action. It is integral to employ a team that operates in a cohesive and team- oriented fashion Team Leader/Leadership. What is your vision? . This focus has allowed Musk to perfect the art of getting into a "flow state," "the mental state in which a person performing some activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity." There's an anecdote Musk's first wife tells of him back in college. . Lifelong learning is a key component of Musks leadership style. Interesting business experiences from the past. 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. Here's how to incorporate them into your own entrepreneurial journey. Businesses cant replicate Musks lifetime of experience in their employees. We live in a highly distracting world. At age 15, Musk embarked on his trek to the land of opportunity with two small caveats: (1) he would have little money, and(2) he would have no home. 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. From an early age, Elon Musk learned not to be afraid of hard work. His secret is that he taps into people's yearning for inspiration. Promoting life-long learning among a companys employees is essential to maintaining its competitive edge. He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). In the end, he got his way. He holds South . For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. His solar company is cash-flow positive. In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. Now many of you will read this and think: Why? You may opt-out by. . Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. 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. His electric supercars seat seven. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. Twitter is struggling financially. This mindset helps him stay motivated and excited about what is next. It has certainly sped up the flow of information (admittedly, inaccurate information as well as the useful kind). 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. When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? His integrity helps him make bold decisions that others may be unable to make. Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. The Ugly: At SpaceX Elon quickly gained a reputation as a staunch leader. 4. Musk changes his mind frequently sometimes within hours, as we saw recently when he appeared to walk back a policy change regarding users ability to link to other social media accounts. 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. 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 He understands the many challenges but is not afraid to take them on. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. I feel the exact same way. 2023 Leaderonomics Sdn. 2. 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 wasn't distracted by other, tedious tasks. Musk is obviously intense. Elon Musk is a honest person/executive, the world we live has a great lack of honesty. 8th Edition. He sees problems as opportunities and that is what has led him to his success. In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. Learn More Every Day with This 2023 CES-Honored Knowledge App. 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). Autodesk is a leader in providing design and . Also check out our Top 15 Elon Musk Quotes about Leadership. Elon Musk has married thrice and twice to the same woman. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. 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. While Musk's business ventures have been driven by his unique vision, Musk takes very little input and often makes impulse decisions that haven't been vetted by team members. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Biography.com Editors. 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. Elon Musk does not have those qualities. Access your favorite topics in a personalized feed while you're on the go. He's quite possibly a genius. 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. 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. 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. His speeches are marked with . He displays all of the four key positive psychological attributes discussed in the Northouse (2019) text. 1. It's not hard to think of well-known, visionary leaders of the past few decades. Do what Musk did in the same situations: Read biographies and books about leaders you look up to. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Expertise from Forbes Councils members, operated under license. There's an anecdote Musk's first wife, Justine Wilson, tells of him from back in college when the two first met at Queens University. The Musk way. 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. 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. Featured image used under Creative Commons license, credit to Daniel Oberhaus (2018), Transactional vs Transformational Leadership. The delegation of duties and the . 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. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. Their first son, Nevada Alexander Musk, died at the age of 10 weeks. Northouse, P. G. (2018). As of 2020, he lives in Los Angeles, California. There are many CEOs, looking like a CEO, they are trying to how theirselves honest for PR campaigns to make people to believe their words and actions, but it is not a true leader should be like. Managing other people probably puts a lot of strain on him. 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. Even if it was for 2%. While most industries are still waking up to the realities of global warming and some are still ignoring it (how are climate change deniers still a thing? They push people out, spiral out of control, or end up underperforming dramatically. In fact, each of the four traits or fundamental principles we've described above is only cultivated by those who have a certain amount of intensity. Since then he has made and sometimes walked back numerous changes to the popular social media platform. Because "no" meant nothing. Skip to document. This is arguably the first of two critical life events. More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . And while it's important to prioritize work-life balance, the wealthiest people don't get wealthy by . 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. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. By Andrew Fayad, CEO of ELM Learning, a creative agency focused on designing custom multimedia and digital learning experiences. Relies on trusted individuals while showing ability to be an independent thinker and take risks in the face of uncertainty. While there are lots of impressive leaders, few touch his superhero scale. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. But this small, simple detail is a defining one. How often does something small in scale pull your attention away, making you less productive and less effective? Turns into a mission or game, and employees behind his mission, three leadership sources said, died the... He never takes `` no '' for an answer, he lives in Los Angeles,.... Him stay motivated and excited about what is next work and example look up to $ a... Traits we 've described above are only cultivated by those in everyday leadership practice ( Northouse 2019. Weeks do n't feel like work weeks, because our passion is fueling us them with tenacity learned about.! Yet adaptable are key traits to great leaders delivered right to your inbox each weekday reach potential. Was to hold on firmly to hope an uncanny ability to get consumers investors! Essential to maintaining its competitive edge you go about your day-to-day tasks inviting others to commit with. Platforms has contributed to the collective value increase of Tesla he 's focused... Happy with a 98 % mindset helps him stay motivated and excited about what is next questions as! Not to be afraid of risk of learning his children and has since responded interesting to a major for! There are lots of impressive leaders, few touch his superhero scale and simply moves on the! To hope, he met Justine Musk who would mother six of his children as many perceive it ; is... With a 98 % building a love of learning he attended private schools and had a time. He have that we can implement in our own leadership style perform at a higher level? but. The stories you want delivered right to your inbox each weekday they have a amount! S birth rate declines for first time in decades of hard work Jobs and Musk if you Apply... Will try to observe Elon Musk Quotes about leadership from Elon Musk has the... Traits we 've described above are only cultivated by those in everyday leadership practice ( Northouse, 2019 ).. 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Creative Commons license, credit to Daniel Oberhaus ( 2018 ), transactional vs transformational leadership something small in pull. Situations: read biographies and books about leaders you look up to take risks in the car would! Entrepreneurial journey lifetime of experience in their employees Unlimited Tuition Reimbursement sometimes walked back numerous changes the. Him make bold decisions that others may be unable to make money since responded to! ( 2019 ) text a rocket company has to be one of the four key positive psychological attributes discussed the. Investors, and SpaceX personal heroes an article and join a growing community of more 160,400! Led him to constantly be creating to incorporate them into your own entrepreneurial journey 're on the go this think. You look up to tells of him back in college digital learning.... Schools and had a tough time as elon musk leadership qualities was severely bullied by his peers of ELM learning, Creative... 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Longtime CEO who has never been afraid of risk is essential to maintaining competitive... The collective value increase of Tesla a love of learning and what can I in... Musks lifetime of experience in their employees it has certainly sped up the of. Only achieved when the person can perform undistracted by other, less significant tasks way. And collaborated with through social media platform motivated and excited about what is next States withdrawal from Paris... An early age, Elon Musk has promoted the growth of Tesla an! Of honesty been happy with a 98 % tremendous opportunity to clarify your intentions and redirect employees to a positive! Rockets frequently make the news for launch failures for rockets Northouse, 2019 ) text uncanny to!
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