The initial question is always small, then the answers grow progressively bigger. He began building up shares in the company in January 2022 and his US$44 billion (36 billion) bid to buy the platform was accepted in April. Fear is an emotion that keeps us from doing things that can help us achieve our goals. 3. 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. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. The truth is, if we are passionate - or find passion - in the work we're doing, work stops feeling like work. Musk paid US$44 billion to buy it, perhaps twice what it was worth. Just like other visionaries before him such as Steve Jobs, Mark Zuckerberg and Larry Page, Musk is changing the world through following his passion, pursuing his big dreams, having laser-like focus on advancing technology to help humanity. Tesla CEO Elon Musk, who's originally from South Africa, has perfected the art of remaining focused. 4. By Works on Ground Level. 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). elon musk leadership style What is the Elon Musk leadership style (and should you use it)? Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. References Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. Its been a tumultuous year for Twitter and Musk. Be obsessed and obsessive. Chatham: Newstex, 2015. https://search-proquest-com.erl.lib.byu.edu/docview/1652311317?accountid=4488. 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. 5 Leadership Qualities of Elon Musk that We Admire, Interview with Ram Menon, Founder and CEO of Avaamo, BluePointe Capital Technology Entrepreneur of the Year Award, BluePointe Capital Management, LLC, 1300 El Camino Real, Suite 100, Menlo Park, CA, 94025. 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. Today, Musks 100-hour-work weeks lie at the core of his success. Indeed, many prominent advertisers left the site apparently in response to Musks chaotic decision making. In addition to self reflection, gather feedback from your colleagues and team, and use any constructive comments to improve processes, relationships and performance in the office. In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. . Confidence and independence A new Twitter CEO will want. April 21, 2017. accessed November 23, 2017. https://hbr.org/2016/10/like-it-or-notyou-are-always-leading-by-example?referral=03758&cm_vc=rr_item_page.top_right. An electric railroad. 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). 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. Eventually he went on to study at Stanford and began to pursue his technology legacy (Cole, 2021). In this segment were looking atElon Musk, the creator of brands such as PayPal, SpaceX, and Tesla. 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. Co-founder, PayPal. 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. When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? His vision is so strong and compelling that he inspires other like-minded capable individuals to join his companies and work towards those goals. 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. He wants to die on Mars. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of the SpaceX and Tesla CEO. However, Musk does it in a healthy, constructive way. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. But can we. 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. Elon Musk is an American businessman. A great leader must have a vision and it is not about just knowing where you are but also where you want to be. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. 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. Not only do these three specific qualities identify the definition of an authentic leader, but they help define Elon Musk and his rise to leader status and fame. I first became aware of Elon Musk from a tiny blurb in the newspaper. Featured image used under Creative Commons license, credit to Daniel Oberhaus (2018), Transactional vs Transformational Leadership. Confidence and independence. Elon Musk is widely admired for visible entrepreneurship. All rights reserved. In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. He understands the many challenges but is not afraid to take them on. accessed November 23, 2017. http://fortune.com/2016/03/04/ companies-employees-tuition-reimbursement/. However, there's no denying that Elon Musk deserves a spot near the top of that list. He loves what he's doing because he does what he loves. When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. While Musks resume is pages long, this is the side of Elon Musk that can be easily seen through Google searches and records. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. 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. What Might That Mean For The Economy? Whether it was Paypal where he championed the idea of an online banking institution, or SpaceX which has become the first private company to successfully launch a rocket and dock at the International Space Station, or SolarCity which promotes the use of solar energy as a sustainable energy source, Musk is disrupting large industries by setting a new standard. 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 . It also sets a good example for others to follow. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. Along with the transformational approach, Elon Musk as a leader believes in achieving the impossible, embracing failures, cutting back on unimportant . Musk supervises the creation, engineering and layout of the products of the company. There are occasions when Musk's employees or those working with him find him hard to work with. He attended private schools and had a tough time as he was severely bullied by his peers. As of October 2016, his estimated net worth is US$11.5 billion. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. Cole, R. (2021, June 24). Many people would consider Musk to be the most innovative entrepreneur of our time. Musk was born on June 28, 1971, making him 48-years-old at the time of publication. Northouse, P. G. (2018). Your email address will not be published. Now look at Tesla: it's a booming giant that's changing the automotive world. As of 2020, he lives in Los Angeles, California. His intrapersonal qualities are a major component of what makes Elon Musk a more outstanding type of leader, as he has the education and drive an authentic leader needs. What can you do to set the standard in your industry? He received a 98% on one of his tests. Biography.com. 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. Leaders must be committed to doing the work necessary for the companys success before they will be able to get others to commit. Now many of you will read this and think: Why? For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. 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. 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. His interpersonal qualities hold a lot of weight in Musks life as he is very active with new startup companies such as cryptocurrencies, Twitter, his appearance on SNL, and overall presence in news and tabloids connecting him to his followers. However, Musk does it in a healthy, constructive way. No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. Leadership is not just a function of management as many perceive it; it is also work and example. Elon was not born into success, not was he born in the spotlight he has acquired for himself today, but instead he spent years expanding and building his interpersonal, intrapersonal, and developmental capabilities so that he could be in the position of leadership and futuristic drive. That openness allows him to work with his team in an atmosphere where theres no such thing as a bad idea. Instead, he cultivates a spirit of open-mindedness to encourage sharing and the anticipation of the next great idea. Demonstrates perseverance in the face of adversity and to overcoming obstacles. 2017 BluePointe Capital Management, LLC. He displays authenticity on a personal, organizational, and global level. He received his first computer at 9 and by 12 had coded and sold a video game (Cole, 2021). Question and challenge the status quo. Musk is a perfect case study for someone whose work ethic is fueled by his passion. 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. 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. Errol Musk was once tried and acquitted of manslaughter. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. Confidence and independence. The Top 10 Ways To Strategically Scale (Not Just Grow) Your Business, Why And How Your Law Firm Should Start A Newsletter, A New Superfood From Hawaii And The Future Of Food Security, How Your Stories Of Failure Create Better Business Success, 5 Common Startup Content Marketing Mistakes, Five Years In The Making, SVX Colombia Aims To Build Up The Impact Ecosystem In That Country. He has become an inspiration for many young leaders in the world of business. Things could get nasty.". I dont believe that to be the case with Musk. In the end, he got his way. I believe Musk's ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his absolute focus. . Do you stand firm in defence of your vision? The values that our award is based upon are as follows: Entrepreneurial Spirit Passion for Innovation Positive Energy Strategic Direction Personal Integrity/Influence Entrepreneurial Spirit We define entrepreneurial spirit as the following: Tesla balance. I feel the same way. Read our privacy policy for more information. As a student of leadership, I can see three key requirements for anyone considering - or being considered for - this role right now: 1. Mr Musk. The current study is narrowly focusing on the leadership traits of Elon Musk in Tesla motors. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. 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 has perfected the art of remaining focused. 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. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. Leaders who are not afraid of taking a leap of faith in terms of creating a better world (Gavin, 2019). 4 Claire Zillman, These 6 Companies Give Their Employees Unlimited Tuition Reimbursement. Fortune. Leadership: Theory and Practice. Trait #3: Glass Half Full Mentality. Creates and turns vision into business realities. 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. 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