Would you want that? He also described himself to the interviewer as a nano-manager. A former employee backed up this sentiment in a Business Insider article, explaining his Tesla management style was one that showed control freak tendencies. He always strives for excellence and does not set on mediocrity. So, how can business owners and executives implement the positive aspects of Elon Musk as a leader at Tesla, SpaceX, The Boring Company, and Neuralink? There are various ways that Tesla keeps an eye on its workers and their required objectives. Youll be expected to think bigand quickly turn those ideas into action. Elon Musk does not have a democratic or aristocratic way of leadership. There is no question that Elon Musk has a lot on his plate as the head of Tesla, SpaceX, Neuralink and The Boring Company. Stay curious and ask questions to gain more insight. Musk is a mastermind and thus discerns that, it values him while he pays attention to what his critics, customers, observers, and followers have articulated. Leaders place a heavy emphasis on deliverables because, for the business to stay alive, grow, and fulfill Musks vision, team members must complete these objectives. He believes there's a better way to do everything, and he sets his sights on constant improvement. . [Online] Yourbusiness.azcentral.com. . Bureaucratic Leadership 7. Elon Musks response to this project is a high-speed railway known as Hyperloop, which would transport passengers from Los Angeles to San Francisco in 30 minutes, that is 800 miles per hour. In total, there are seven different ones: democratic leadership, autocratic leadership, transformational leadership, transactional leadership, laissez-faire leadership, charismatic leadership, and servant leadership. Articulating a powerful vision is one of his leadership skill that also made him a successful leader. Free up time to work on the business by delegating duties that do not require your attention. Increase team harmony, happiness, speed and cohesion so everyone can get into flow state and do their best work. What follows are actions that experts say corporate leaders must take in 2023 to restore post-pandemic stability to the workplaceall of which Musk is taking in reverse. But "it's ridiculous to do so," she said, because some workers even those accustomed to late nights and endless hours of coding will eventually leave for a job with better work-life balance. Youre encouraged to behave like a little gear in a complex machine. Here are the 11 most common leadership styles. Therefore, Elon Musk used both the leadership styles that include the transformational and transactional styles (Odumeru and Ogbonna, 2013). In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. However, this is limited to his being and extends to challenging his employees on an intellectual level and setting an example via his actions. He has a vision of having a wonderful world that will be no longer reliant on fossil fuels, will be maximizing their use of green energy, and will be exploring space and building colonies on Mars (Jacoby, 2011). In certain situation, autocratic style could be the best approach but Leadership Styles (2015) asserted that autocratic leadership style should not be used when staff becomes tense, fearful, or resentful; expect to have their opinions heard; there is low staff morale, high turnover and absenteeism and work stoppage. Examples can comprise revolutionising cars and neuroscience. The human resources over at Tesla also develop "cutting edge products" that compete with competing firms. He believes theres a better way to do everything, and he sets his sights on constant improvement. According to Elon Musk, If youre trying to create a company, its like baking a cake. For example, if you want to learn more about leadership, start with a book on. . The employees are kept up to date so they can exercise their productivity freely. Many leaders of this world do not get obsessed with their work. . He sets up his employees for success. It makes some people want to dig their heels into the ground and tackle the worlds greatest problems with the same level of tenacity. When it comes to guiding a company, theres a lot that startup owners and executives can learn from Elon Musks leadership philosophy. Overall, Jeff Bezos' leadership style is one that puts the customer at the center of the business and encourages staff to take risks and come up with creative solutions. Subscribe to weekly insights & inspiration: Oops! . However, theres no denying that Elon Musk deserves a spot near the top of that list. When I see a car or a rocket or spacecraft, I only see whats wrong. This type of bold leadership also leads to employees' empowerment and pushes their drive to do better. His methods are applied by young businessmen who are eager to . Susan Walsh/AP Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour. Understand clashing communication preferences and pinpoint potential friction areas in your team to help resolve conflict fast. The Autocratic Leadership style can feel restrictive for today's workforce where an employee's perspective and work is considered valuable. Effective leadership begins with identifying your strengths and then using the unique advantages of your style of leadership to drive growth within your organization. Like any other leader, his approach has its upsides and downsidesand theres plenty to be learned from the way he leads the charge for his employees and numerous companies, including the following lessons: Elon Musk is by no means a perfect leader, and really, theres no such thing. Duggan, t., 2018. Learn how hes changing the landscape of manufacturing with the Tesla Gigafactory or check out this article next: Who is Elon Musk? Develop a work culture that encourages work-life balance. Increase your comfort and use of abstract and strategic thinking to gain a broader perspective for yourself and your team. Reed Hastings, the chief executive of Netflix, praised Mr. Musk at a New York Times DealBook conference late last month, calling him "the bravest, most creative person on the planet.". Get to the core of the problem by using the 5 Whys method developed by Sakichi Toyoda, the founder of Toyota Industries. If a leader is taking a big organization in the wrong direction, people-in-the-know would flag him before he crashes and burns. Close the gap between your great ideas and taking action on them. Elon Musk has his own leadership philosophy. Musk's reign at Twitter, which began when he took ownership of the platform in late October, has been chaotic. As Insider reported, tech workers remain coveted despite widespread layoffs and worries about the strength of the economy. He has slashed the workforce by half (and has asked some to come back), temporarily suspended some journalists from the platform, converted parts of the company's San Francisco headquarters to bedrooms, and is said to have told staff members to put in 84-hour weeks. I never see whats right. But even so, being too bold can result in bad leadership. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. "He's proven us wrong with everything he's done in business.". All of his qualities and traits cannot be described in words. He is the founder of Tesla Motors. Within moments, the energy of the building went from despair and defeat to a massive buzz of determination . Suppose one were to explore the idea of a transformational leader further. Delegative Leadership 6. At the heart of Musks businesses is hard work that achieves a meaningful purpose. He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. The transactional leadership style is used several times by Elon Musk due to the aggressive approach he follows to imbibe innovation within the company's operations (Chaudhry and Javed, 2012). Top editors give you the stories you want delivered right to your inbox each weekday. Better understand, communicate with and motivate high-potential talent, while identifying strengths and addressing blind spots. The Tesla CEO and the founder of SpaceX are creative examples of autocratic leadership. Moreover, having innovation within the competitive environment where the companies like Apple Inc. and Microsoft operates, it is very complex to be on the top of the list. Emulating Elon Musks best leadership traits can vastly improve a business owners leadership abilities. (Manzoor, 2012), Tesla's organisational structure is a functional form. Reflection and patience are core to consolidating learning, development, strategic thinking, recharging and authentic leadership. Schedule out reasonable completion dates for all work. You can update your choices at any time in your settings. His seeming lack of impulse control has gotten him into some hot water every now and then, but it also enables him to move quickly in his businessesto jump on ideas and nuggets of inspiration without stifling the flame with too much strategy and detail work. Our expert coaches created the following plan to help. Explore, strengthen and stand by what you believe in at work and in life. Jeff Bezos leads Amazon and Blue Origin, the space company that wants to take you to the moon. There was only one decision-maker at Tesla, and its Elon Musk, the anonymous insider said. Whats the point? Musks grandiose view and ambitious goals can be intimidating, but awe-inspiring all the same.Most of us cant conceive these things working; he cant conceive it failing. Create a safe environment to fail by destigmatizing the shame that comes with failure. . Experts say Elon Musk's iron-fisted Twitter. To be the Best Source of Business Strategy & Analysis. Tips for Running a Successful Fulfilled by Amazon Business, sites.psu.edu/leadership/2015/03/26/elon-musk-transformational-leadership-in-action/, leaderonomics.com/leadership/leadership-qualities-elon-musk, inc.com/lisa-calhoun/elon-musks-top-4-entrepreneurial-traits.html, rightmanagement.com.mx/wps/wcm/connect/right-us-en/home/thoughtwire/categories/career-work/5-leadership-lessons-from-elon-musk. Elon Musk is known for his aggressive attitude towards successful innovation, which can be seen through his innovative products that he and his respective team have launched. Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. It is important that people look forward to coming to work in the morning and enjoy working.. Big picture thinking is key in communication, leadership, decision making and situations where you need to get the gist of things quickly. .. Instead, he has an autocratic or transformational way of leadership. Needless to say, when you work under Elon Musk, you wont rely on existing procedures and a weve always done it this way attitude. I always see whatswrong. It is not that easy to lead these multiple businesses in a parallel way. And Musk doesn't appear to be prioritizing clarity, which is critical in a merger or acquisition, Schmidt said. Get started by reading these 15 leadership books. Establish an action plan and monitor the success of your resolution. Psychologically it can be a salve to soothe an uneasy conscience. Bill Gates adopted an autocratic leadership style in the early years of Microsoft to ensure the company grew at the pace that he had . Elon Musks leadership style, transformational leadership, focuses on creating real positive change in the world. But conscious leaders take the opposite route. If you want the brand to run through their veins, it has to run through yours first. He also said that By pouring your heart into your work and inviting people to participate in your vision, you can attract swarms of dazzled fans willing to show you their love and respect.. 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). Career tests dont work to determine job fitthis does. Instead, he has an autocratic or transformational way of leadership. A Transformational . He is the founder and CEO of SpaceX; co-founder and CEO of Tesla Inc.; founder and CEO of Neuralink; co-founder and chairman of SolarCity; chairman of OpenAl and last but not the list, founder of PayPal. Elon Musk, founder of Boring, SpaceX and Tesla, is a visionary, as was Steve Jobs, co-founder of Apple. as well as other partner offers and accept our. Tesla CEO and co-founder Elon Musk is a controversial figure. In order to make suggestions on whether an alternative leadership style would aid or hinder Musk, the reader must explain their style in detail to be able to compare. Inspire yourself and others to see and achieve grand visions and goals. Strengthen your comfort and motivation to start conversations and initiate opportunities that can inspire hearts and minds in your team and in your life. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. Researches on Science and Art in 21st Century Turkey. Bill Gates. Elon Musk quote: Patience is a virtue, and Im learning patience. Twitter didn't respond immediately to a request for comment on Musk's shake-up when this story was originally published in November. Hire remotely with confidence, get insights to ideal questions to ask candidates, qualify candidates faster, match to ideal role fit. They are also adamant in risk management, and this is practised in their external and internal environment. Elon Musk. He has the skill when doing the right thing for the sake of achieving success. certain whether Twitter had informed the federal government. "There's no doubt engagement is taking a big hit right now," said Lars Schmidt, who runs the executive-search and advisory firm Amplify Talent. Elon Musk is a South African born Canadian-American business magnate who was born June 28, 1971. (Uysal, Aydemir and Gen, 2017) This can be seen by Tesla and its management as they provide the technological advances to equip their employee with the best. Keywords: Leadership, Elon Musk, United States LEADERSHIP . Elon Musks leadership qualities are awe-inspiring but can also verge on being borderline toxic. . 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. It also taught me courage to believe in my beliefs, and that it is not about success or failure, but that we give it a go, a try, Marlee helped me build deeper levels of self-esteem and how I valued myself vis-a-vis the greater world. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. For example, if you see an employee working 90 hours a week, send them home. Therefore, this can be analysed that Elon musk has a strong team and has innovative ideas that he executes through his transformational leadership style and sometimes the transactional leadership style. tactics are inhumane and dangerous, plus they go against the grain of modern workplace research. Uysal, H., Aydemir, S. and Gen, E., 2017. "I feel like I'm 10 times smarter now than when I first joined," a different senior-level employee added. How to Wage War Against Implicit Bias in the Workplace? Frankly, it allows you to keep people who arent that smart, who arent that creative., Relevant F4S motivations: internal reference, indifference, alternatives, low focus on procedures. Dont dwell on the negatives. Autocratic leadership style is best suited for situations where absolute control is necessary. Its a tough lesson., Relevant F4S motivations: activity, automatic, initiation. . This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a clear chain of command is necessary. Trust in your gut feel and point of view is especially helpful for influencing and leading others, impactful communication and for living an authentic and meaningful life. Without any announcement, he named himself Twitter's CEO on internal company profiles. A Look Inside the Innovators Life.. Transformational Leadership 2. Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business. He loves to innovate products that are far from ordinary and engage in tasks which not many people try to venture into. I always see whats . In 2018, Wired released an expos about the cutthroat work environment at Tesla. Its not hard to think of well-known, visionary leaders of the past few decades. Coach Marlee (your amazing AI-powered personal coach) will analyse your unique traits and goals to let you know which program to start with (and if there are any you should skip)!Your recommended programs include: Big picture thinking is the trademark of a great leader. The worlds richest mans latest return-to-office strategy flies in the face of so many other leaders who also insist that remote work is the way of the future and here to stay. It also taught me courage to believe in my beliefs, and that it is not about success or failure, but that we give it a go, a try, The only way to move ahead is to work out the next action and then schedule a time to do it!, This program helped me kickstart my journey to wellbeing. Autocratic management style. "He's highly intelligent. Efficient recruitment and talent acquisition, remote hiring, resolve team conflict, improve leadership, culture mapping. Discuss the importance of failure and how it leads to progress, growth, and innovation. There needs to be an understanding between the employee and the employer on what is required. Otherwise, its not., There have to be reasons that you get up in the morning and you want to live. Elon Musk's Leadership Style Free Essay. (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. Starting a business can feel like a whirlwind. He compares his duty as oxygen. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.. Steve Black at Topia points out that this is a dangerous path for other companies to follow. Hannah L. Miller, MA, is the senior editor for Leaders Media. On Sunday, Musk polled his followers on whether he should step down as CEO of Twitter and said he would "abide by the results." This leadership styles strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. Tesla, being a manufacturing company, is not without its problems. Article Contents 1. His fast-acting nature offers some benefits in terms of business growth and innovation, but they can also serve as a point of frustration for his team. At the same time, Musk started ranking employees against one another. The setting of objectives makes the goals easy to follow as a benchmark that can be measured against Stretch goals is essential for accomplishing them. Write out what you think you know about the challenge in front of you. If other people are putting in 40-hour workweeks and youre putting in 100-hour workweeks, then even if youre doing the same thing, you know that you will achieve in four months what it takes them a year to achieve., Relevant F4S motivations: depth, doing, internal reference, activity, use, place. Twitter has already seen an exodus of talent and could face difficulty replacing critical roles (or at least some). I dont create companies for the sake of creating companies, but to get things done.. Study work that establishes a foundational understanding of the subject. The employees working in the organisation are directed to achieve the goals at the priority in return for some incentives and rewards. Erratic. Interested in learning more about Elon Musk and his companies? They are then held accountable for their actions. What could be the consequences of taking his style too far; whether Musk is the right person for Tesla, the electric car company during the times ahead, or does the company now require more of . The employee said the experience was challenging, but they came out of it 10 times smarter.. Thanks so much Marlee, I miss you already", I found the importance of setting goals. His first philosophy of leadership is creating a vision. Instead of sitting around and philosophizing about how to change the world, they outline and execute a strategy that makes their vision a reality. During Covid these leaders put aside titles and office politics and put on their empathy hats, knowing what was at stake in how theyre impacting livelihoods. . Many former and current employees admit that working for Musk is rigorous and demanding, yet many point to it as a formative experience in their careers. As leaders make these tough decisions, its tempting to take the emotion out of it, Jenn Lim told me. Our tools are trusted by teams like Canva to help improve: Subscribe to our newsletter for free access to the latest research and expert tips on Mental Health, Wellbeing, Leadership, Career Skills, Team Building & more! Elon Musk is a successful serial entrepreneur with a reputation as a creative genius who founded PayPal, Space X and the Boring Company. Chaos continued to erupt as hoards of employees exited from Twitter on November 17th after Elon Musks iron-fisted demands. It can be evaluated that the transformational leadership and transactional leadership executed by Elon musk both positively impact the performance of the employees and the organisation (Yauney, 2018). This leadership style can be challenging when leaders don't have much more experience or knowledge than their team members, and haven't developed strong coaching skills to back them up. In other ways, hes demanding and intimidating. Make sure you understand the fundamental principles, i.e., the trunk and big branches before you get into the leaves/details or there is nothing for them to hang on to. Finally, once he identifies and breaks down the problems or assumptions, he begins to create new innovative solutions from scratch. He has the skill to monitor the problems and to identify a step by step solution. Super awesome experience that you definitely got to try!, What an awesome way to get better at collaborating with my teammates! Spend at least one day a week working on the companys business strategy. Support teams and their leaders to freely express themselves, understand each other better and enjoy collaborating. Communicate the purpose of changes with your team. In this, the focus will be on Tesla and its founder Elon Musk. 1. . Elon Musk has always been remembered as a transformational autocratic leader. Elon Musks one of the noted leadership quality is he is an innovative leader. A good leader will align them to fit the employee and provide the necessary resources to fulfil those objectives. The message here is not one of doom and gloom. Until May 2017, he has an estimated net worth of $15.2 billion which made him 80th richest person in the world. From running an aerospace company that manufactures rockets and other spacecraft to disrupting the electric car market, it only makes sense that a core pillar of Musks approach involves out-of-the-box ideas. Some of the famous ones will include Adolf Hitler, Vladimir Putin, Kim Jong-un, Elon Musk from Tesla, and even the previous president of United StatesDonald Trump. Musk encouraged and motivated his team with saying, For my part, I will never give up and I mean never. The company's measurement of its employee performance is based on its productivity and the number of cars produced or the number of inquiries catered to and complaints handled. If that doesnt keep him busy enough, hes also founded lesser-known companies like Neuralink (a neurotechnology company) and The Boring Company (focused on infrastructure and tunnels for transportation). Elon Musk is a young and prosperous leader who has his leadership style. Programs are designed by world-renowned coaches & delivered by our incredible (AI-powered) Coach Marlee. Watching his vision come to life is both inspirational and motivational. I have OCD on product-related issues, he said in an interview with the Wall Street Journal. I mean you just have to put in 80 to 100 hour weeks every week. Trust Your Gut coaching program helped me build deeper levels of self-esteem and how I valued myself vis-a-vis the greater world.