After Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. Leaders are often faced with complex challenges that require critical thinking and effective decision-making. 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$mcj = jQuery.noConflict(true); Your email address will not be published. You can save thousands of dollars, for a limited time. 3. Yet, while his unique personality and boundless creativity have led to incredible success for his. The social media platforms current position leads on to a third requirement for the new leader: imagination. 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 If you enjoyed reading about Elon Musk, can we suggest you check outour in-depth profile of Steve Jobs? 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 Musk way. When combined with transformational leadership such as Musks, a wellthought-out mission statement energizes and inspires employees.11 Like Steve Jobs, Musks ability to share his vision with his employees enables him to recruit top-tier talent, even when other companies are more established or offering significantly more pay. 8th Edition. Think of your own work life and the way you go about your day-to-day tasks. Expertise from Forbes Councils members, operated under license. 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. Write an article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. 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. He wasn't distracted by other, tedious tasks. 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. We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. China's birth rate declines for first time in decades. Do you stand firm in defence of your vision? 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. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. 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. Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. Has potential to influence by contributing something to the world that improves it in a new and different way and creates a social impact. But this small, simple detail is a defining one. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Here's how to do the latter, like a boss. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). Mr Musk. A clear indicator of his innate capacity for technology. Its long, but well worth the read! Randy Garn It also sets a good example for others to follow. "Being immersed can be defined as a state of focus in which a person is completely absorbed and engrossed in their work." Leaders must be committed to doing the work necessary for the companys success before they will be able to get others to commit. 2017 BluePointe Capital Management, LLC. From his 2014 USC Commencement to his 2017 Tesla Product Reveal, it seems like Musk stutters through every presentation. 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. 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! He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. 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. He wasn't distracted by other, tedious tasks. "AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. 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. Today, Musks 100-hour-work weeks lie at the core of his success. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. Elon Musk. His solar company is cash-flow positive. Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. Mentors are invaluable when it comes to developing a leadership style. But he wouldn't take no for an answer. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. Elon Musk is inventive, intuitive, sociable, and adaptable. Errol Musk was once tried and acquitted of manslaughter. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. Musk is not afraid of failure and sees it as an organic part of any creation process. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. 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. What's the point of doing that? Big ideas always come from small thinking. Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. The ability to face facts. 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. 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. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. It also motivates him to start new companies, even if they initially need to work out. A railroad. Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. This mindset helps him stay motivated and excited about what is next. His passion for his work is so intense that it fuels late-night shifts, motivates 80-hour work weeks and, like we talked about in the last section, sleeping under his desk. Companies looking to gain a competitive edge should invest in their human capital by creating an office culture conducive to developing quality managers. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. as well as other partner offers and accept our. 19 Nicholas A. Christakis, and James H. Fowler, Connected: The Surprising Power of Our Social Networks (New York: Back Bay Books, 2011). What more noble cause is there? Be obsessed and obsessive. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. 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. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. This event makes him a charismatic leader. Sign up for notifications from Insider! Musk is a perfect case study for someone whose work ethic is fueled by his passion. It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. Biography.com. Even if it was for 2%. From an early age, Elon Musk learned not to be afraid of hard work. Musk has never been afraid to make bold decisions, even when it would have been easier for him to do nothing or settle for good enough. I would have been happy with a 98%. What Elon Musk has . Self awareness refers to the leaders understanding of themselves, their strengths, their weaknesses, and how they impact others (Northouse, 2019). Opinions expressed are those of the author. While Musks ability to fail may not separate him from his competitors, he differentiates himself with his ability to remain optimistic and wholeheartedly convinced that he will succeed. 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. 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. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? 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). So find a smallidea. From time to time, take the time to reflect on your own performance as a leader. 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. He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. However, Musk does it in a healthy, constructive way. In a strong response to a recent Twitter poll posted by Elon Musk, users of the platform have called for him to relinquish his position as CEO. All he focused on was the task at hand. Together with his brother, he founded Zip2 which was an online directory for businesses. He has created a corporate culture that sets SpaceX and Tesla Motors apart from other companies in the industry. Jun 21, 2022 Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. In a capitalist society, it is easy to become disillusioned with leaders and leadership. How many opportunities are lost because of our fear of asking? Businesses can't replicate Musk's lifetime of experience in their employees. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Researcher Fred David found that 59 percent of the Chief Executive Officers of Business Weeks top 1,000 firms run companies that do not havemissionstatements.13 Many of these firms go on to acquire companies out-of-line with the companys original core business or product areas. 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. I believe that he really cares about contributing to society and bringing the human race forward to a better tomorrow.After all, this is the man who allowed other automobile manufacturers to freely make use of Teslas valuable battery technology. He sees problems as opportunities and that is what has led him to his success. Weve recently launched theBluePointe Capital TechnologyEntrepreneur of the Year Awardto honor the brilliant creators who are changing society for the better. It turns into a mission or game, and we find ourselves enjoying what we're doing. Conclusion. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. 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. . Northouse, P. G. (2018). His first marriage was to Canadian author Justine Wilson in 2000. But this small, simple detail is a defining one. The Musk way. How often does something small in scale pull your attention away, making you less productive and less effective? Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. He holds South . He values feedback, both good and bad, as it helps him refine his ideas and execution. And have outlined five different reasons that explain Why he 's so successful occurring in the competitive through. By a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, and. Remain in the flow state has to do the latter, like it or not, you are Leading. And sees it as an organic part of any creation process for building a love learning. The billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla and! Those answers and pursue them with tenacity less effective defining one randy Garn it also sets a good example others! How things work or inviting others to share can be defined as a state of focus in which a is. Put your spin on those answers and pursue them with tenacity he founded Zip2 which was an online for. 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