This reminds me of a quote I once heard, "Make a decision and then make it right.". We have many successful leaders in this world and Elon Musk is one of them. Why do you want to live? Ive always felt like my job was to take these ideas and turn them into company goals, to make them achievable., While Musk sets a high bar, he also recognizes that his team needs a high degree of psychological safety in order to pursue those stretch goals. Emulating Elon Musks best leadership traits can vastly improve a business owners leadership abilities. Reflection and patience are core to consolidating learning, development, strategic thinking, recharging and authentic leadership. That means he can be a bit of a micromanageror even a nanomanager as Musk described himself in that same conversation with the Wall Street Journal. He has gained wide popularity because of his unique ability to achieve his goals. 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. Duggan, t., 2018. Thereby, delegation is a necessity when it comes to this leadership. In total, there are seven different ones: democratic leadership, autocratic leadership, transformational leadership, transactional leadership, laissez-faire leadership, charismatic leadership, and servant leadership. Employees spend an average of two and a half hours each day communicating, according to research. Participative Leadership 4. Get started for free with your personalized program now. Elon Musk does not have a democratic or aristocratic way of leadership. Whats the point? Also, employees are happy and energetic in their roles then they are going to bring success to the company. Prepare employees for failure by teaching them how to recover when it happens. But if you just think and don't take action you'll never know what's the right move. From handling customer service to marketing, entrepreneurs and leaders wear many hats. Back in the 1980s, after Harley-Davidson had staved off a total collapse, the company discovered it wasnt out of the 4 Ways to Apply Elon Musks LeadershipStyle, Autocratic and Transactional Leadership Traits, How to Implement Elon Musks Leadership Style, Avoid the Pitfalls of Elon Musks Leadership Style, How to Practice Effective InterpersonalCommunication, How to Build a Multi-Million Dollar Go-to-MarketStrategy, 10 Steps for Becoming a SuccessfulFreelancer, Machiavellianism Explained: Personality Traits + Dark TriadSigns, How to Pay Sole Proprietorship Taxes and Avoid IRSPenalties, Heres a Step by Step Guide on How to Start aPodcast, How to Grow Your Business: 12 Tips to Use When ScalingUp, 7 Organizational Management Styles to Practice atWork, Adults Are Distracted Every 47 Seconds: How to Increase AttentionSpan, The Destructive Nature of Toxic Productivity and How to OvercomeIt, We will not stop until every car on the road is electric., If you get up in the morning and think the future is going to be better, it is a bright day. Action leads to clarity. Hire a project manager who coordinates with everyone on the team so work gets finished on time. 2. 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. According to Elon Musk, If youre trying to create a company, its like baking a cake. Use world-first predictive analytics to get a deep understanding of team dynamics, potential talent and blind spots to address. He is totally obsessed with his duty. He always looks for an innovative invention. When you think about the defined leadership styles, Elon Musk's style is best defined as transformational . Become a better leader by embracing the experience and genius within others. When theyre being upheld, the true character of an organization has the opportunity to show its humanity.. Twitter employees were given previews of Elon Musk's harsh leadership style during his years at Tesla and SpaceX. Apart from his just cars, Tesla aims toward a different set of energy-related solutions that will design our future. Why Should You Shop for Home Insurance Even if You Arent Relocating? In each of his ventures, Musk has managed to mobile people to accept a new group identity and a new philosophy. Today, insights show that there are 70.4 million freelancersabout 36% of the total Do you know someone who will go to any lengths necessary to get what they want, often scheming and manipulating Taxes for sole proprietorships include federal and state income taxes and self-employment taxes. Recognize and acknowledge people for all of their hard work. There are advantages too. There is a function-based hierarchy, and there is centralisation as well as divisions. Books, and then my parents. Kimbal Musk validated this point, describing in a Bloomberg article that his brother read two books a day on various disciplines as a teenager. . Boil things down to their fundamental truths and reason up from there . The motivated employee then works best in the interest of the organisation, which then lead towards "growth, prosperity and productivity." Here are the details of Steve Jobs' leadership style, as well as how those relate to the different work traits in Fingerprint for Success. Later in 2013, he introduced Hyperloop transport concept, where people are hurdled through a tube, in a personal capsule, at the speed of over 750 mph. And, he expects each and every one of his team members to innovate alongside him. Their ability to bounce back from setbacks sets a precedent for the employees who can hen motivate themselves. 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. Within moments, the energy of the building went from despair and defeat to a massive buzz of determination . This is because he also shows signs of being an autocratic leader and a transactional leader. Mr. Musk himself recommends three simple steps in order to solve different problems. Elon Musk is no stranger to failure. Tesla's Elon Musk recently demonstrated such awareness by pledging to . Available at: [Accessed 3 February 2021]. "He's proven us wrong with everything he's done in business.". Thereby, he has a competitive edge as there are very few barriers to entry in this industry. Online ISSN: 2663-9335, Vol (3), Issue 2 . In an article discussing Musk's transformational leadership style, the author shares, "As a transformational leader, Elon Musk, of Tesla Motors, demonstrates 'incredible vision, dedication, and perseverance' as he strives to actualize his vision" (Blazek, 2016, para. But his style on set is very directive. Yet he is getting massive profits from his projects. Elon Musk Leadership Style: 7 Effective Habits He Can Teach You. wrong. To be the Best Source of Business Strategy & Analysis. "People have no idea what their future is.". In other ways, hes demanding and intimidating. Hes known for setting aggressiveand sometimes even seemingly impossiblegoals for his teams and employees. Write out what you think you know about the challenge in front of you. 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. Failure is an option here. Ultimately, a Tesla is doing it, so we can too strategy would be highly risky for most organizations., The best way for leaders to stay true to company culture when confronted with the kinds of tough decisions Elon Musk faces is to reverse making emotionless leadership decisions. When you think about the defined leadership styles, Elon Musks style is best defined as transformational. Never could I have imagined an AI coach being this good - as if you're talking to a real human and how Marlee made me accountable to my goals. However, the measure of how effective Tesla has been following a policy of empowerment and culture. Elon Musk quote: Other advice I would give is to not blindly follow trends. Instead of sitting around and philosophizing about how to change the world, they outline and execute a strategy that makes their vision a reality. Tesla CEO Elon Musk is a self-described "nano-manager," as he told The Wall Street Journal in 2015, but his leadership style comes at a high cost to his business. 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. This has made him a market leader. Susan Walsh/AP Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour. Even those who have stayed are likely to remain distracted. Sign up for notifications from Insider! Sessions take just a few minutes and are 100% personalized to fit your unique traits and goals. The Influence of Transactional Leadership Style and Work Culture on Work Performance Mediated by Work Motivation. Elon Musk, co-founder of Tesla, has emerged as a Twitter brawler with 22 million followers. These are key characteristics of an autocratic leader: Leader tells people what to do Leader is not open to inputs from other employees In this point, his two quotations are very popular. Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. The employee said the experience was challenging, but they came out of it 10 times smarter.. 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 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. Trusting the employee with responsibility is another trick he has up his sleeve. Photo by Christophe Gateau/picture alliance via Getty Images. 3. CNBC, 2017. Elon Musk is a young and prosperous leader who has his leadership style. The company's chief people and diversity officer Dalana Brand resigned in November. These issues create toxic workplaces, contribute to low employee retention rates, and sink budgets due to constant turnover. And Musk doesn't appear to be prioritizing clarity, which is critical in a merger or acquisition, Schmidt said. When he faces a familiar problem or challenge, he simply writes down his assumptions about them. To most people, his vision is neither realistic nor believable but Musk has made his vision possible & realistic. Internal Environmental factors Organizational culture: According to the case Elon Musk's leadership style and personality had a significant impact on Twitter's organizational culture. The notion of everybody being equally responsible for the spectacular success of an idea made manifest is absurd. When it comes to guiding a company, theres a lot that startup owners and executives can learn from Elon Musks leadership philosophy. Ordering employees to work 84-hour weeks isn't illegal, said Ayesha Whyte, an HR executive and employment attorney at the Virginia law firm Dixon Whyte. Transformational Leadership 2. Gavin . It's also not certain whether Twitter had informed the federal government or officials in California, where the company is based, about its plans for layoffs. A Transformational . There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. 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. The employees working in the organisation are directed to achieve the goals at the priority in return for some incentives and rewards. According to him, this special philosophy is maintaining unique standards of excellence and clearing predictable paths of progress. Here are two case studies of autocratic leadership styles. Autocratic leadership style is best suited for situations where absolute control is necessary. "If you're technical talent, you're still going to be in demand if you're good," said Steve Cadigan, who runs Cadigan Talent Ventures and previously worked on mergers and acquisitions at Cisco. Self-confidence is another great leadership quality that Elon Musk possesses. In the process, hes gained an almost cult-like following with almost seven times the entire population of New York City following his every word on Twitter. In a TED conversation with Chris Anderson, he states he looks at problems from a different perspective than most people. Elon Musk's tactics are diametrically opposed to what evidenced-based research findings and expert opinions recommend. An autocratic leader relies on their own decisions. This is especially true when it comes to micromanaging employees and creating work environments that cause work anxiety and work burnout (for both leaders and team members). He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. So, from the discussion above, it is clearly stated that how Elon Musk is so passionate for his work. 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. Psychologically it can be a salve to soothe an uneasy conscience. Adriansyah, M.A., Setiawan, M. and Yuniarinto, A., 2020. Most Twitter employees would be able to get another job relatively easily. . Some characteristics, however, seem more consistent than others. His methods are applied by young businessmen who are eager to . 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). Musk earns the trust of his followers by being predictable and reliable, even in situations that are in uncertain. Develop step back mastery for increased self-awareness and tools to become a better leader. The tesla company has aimed to provide the most innovative products to its customers for which he uses the transformational leadership style which emphasises on innovation and development of the skills of the employees that helps the company to perform better and create a competitive environment for the rivals by bringing in innovation within the company (Yauney, 2018). Elon Musks tactics are diametrically opposed to what evidenced-based research findings and expert opinions recommend. "I wouldn't bet against him," Cadigan said. Researches on Science and Art in 21st Century Turkey. Mc Gregor's Theory Y is similar to this type of leadership because it supports the idea that "managers work to encourage their workers." He loves to innovate products that are far from ordinary and engage in tasks which not many people try to venture into. Show team members how to take ownership of mistakes and pivot away from setbacks. When discussing his childhood, Elon Musk tells Rolling Stone, I was raised by books. The unique way he thinks about challenges is what allows him to do this. In a recent Forbes.com interview, Jenn Lim, CEO of Delivering Happiness and author of Beyond Happiness: How Authentic Leaders Prioritize Purpose for Growth and Impact, told me that Musk is treating people like collateral damage instead of human beings, forgetting basic human decency in the way hes handling the layoffs. Leaders, take note: If you're trying to get your people to stay loyal and engaged, you probably shouldn't copy Musk's playbook. From his inspirational TED talks, he quoted that As a leader, you teach others how to treat your brand by how you treat your brand. The message here is not one of doom and gloom. Subscribe to weekly insights & inspiration: Oops! When you think about the defined leadership styles, Elon Musk's style is best defined as transformational. Elon Musks leadership style is transformational since it focuses on innovation and achieving large scale goals. Leadership should start with why these choices are being made and then how they level up to the values and purpose of the company. But while it's possible that his actions are designed to root out people who don't support him or his vision, the cost of lining up loyalty could be high. Get to the core of the problem by using the 5 Whys method developed by Sakichi Toyoda, the founder of Toyota Industries. Our post was a discussion on the Leadership Qualities, Skills, and Styles of Elon Musk. Enjoy weekly cutting edge science backed wellbeing resources from Blisspot. His another philosophy is being a social architect. Close the gap between your great ideas and taking action on them. The employees are kept up to date so they can exercise their productivity freely. And ultimately invested over $100 million into the electric car company. They are then held accountable for their actions. It is often widely referred to as the authoritarian leadership style. Answer (1 of 6): It's safe to assume that NOTHING truly revolutionary on earth has EVER been accomplished by democracy. (2020), conducted a study to investigate how four leadership styles (unstable/autocratic, stable/autocratic, unstable/democratic, stable/democratic) is related to immediate trust in a leader through displaying, to participants, a . Elon Musk's Leadership Style Free Essay. Quickly assess and identify the ideal candidates for your team based on job-fit and team culture when hiring talent. . Instead, find the lesson in failure and implement it to the next iteration of work. Leading by example is another great option. Disinterested in others assumptions, he asks questions until the root of the problem reveals itself. Like Steve Jobs, he is highly respected and revered for his genius, but that doesnt change the fact hes still notoriously difficult to work with. Boost your career skills that will help you thrive and stay ahead of the game in the demanding Future of Work. He has the skill of finding the talent by putting the employees in roles that are natural to their behavioral attributes. Elon Musks transformational, autocratic, and transactional leadership style goes to show hes in business to produce results, not make friends. Hes founded some of the most innovative companies in the world, including X.com (which later became PayPal), SpaceX, and Tesla Motors. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. 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. Stay curious and ask questions to gain more insight. Its not hard to think of well-known, visionary leaders of the past few decades. At first, he identifies and defines the assumptions. Musk, who rarely sticks to a leadership script, doesn't seem intent on winning employees' trust or providing clarity about the company's future. . If its an assumption, get curious about why people formed this opinion. Earning trust during the work is another philosophy of Musk. In this, the focus will be on Tesla and its founder Elon Musk. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. Twitter has already seen an exodus of talent and could face difficulty replacing critical roles (or at least some). He's already 10 steps ahead of you," a former manager at Tesla told Business Insider. Tesla CEO Elon Musk just unveiled a cheaper Model 3. Working harder and for longer hours isnt always for the best. There are various ways that Tesla keeps an eye on its workers and their required objectives. Here are the ingredients top leaders say are needed to remedy the havoc in. The SpaceX and Tesla CEO is an autocratic leader in . Until May 2017, he has an estimated net worth of $15.2 billion which made him 80th richest person in the world. When Elon says something, you have to pause and not blurt out, Well, thats impossible. You zip it, you think about it, and you find ways to get it done, said Gwynne Shotwell, the President and Chief Operating Officer of SpaceX. Study work that establishes a foundational understanding of the subject. If you want others to love it, you have to love it. If things are not failing, you are not innovating enough.. You have to have all the ingredients in the right proportion. Moreover, he always insists that employees will lose their talent if they are being forced into something they are not. He possesses this great skill and he also knows the path how to achieve the powerful vision. If you're trying to keep employees loyal and engaged, you probably shouldn't copy Musk's playbook. Musk is such a confident leader that he invests his own money on his business projects. He has the skill when doing the right thing for the sake of achieving success. Find out more about becoming an expert at problem solving. 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.". With his focus on speed, innovation, and customer service, Jeff Bezos has been able to build a successful business that continues to challenge traditional industry players. He really gives his all hundred percent to what he does. This isn't good leadership practice. For example, if you see an employee working 90 hours a week, send them home. Elon Musk's leadership style is a mix of challenges, growth, vision innovation, and more. Indeed a futuristic vision works . With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. Feedback helps find solutions What people think about you and your company plays a vital role in its success ratio. Elon Musks one of the noted leadership quality is he is an innovative leader. How to Wage War Against Implicit Bias in the Workplace? . While some of his ideas are unattainable, he has the ability to get people excited about his ambitions, projects, and plans. Everyone in Tesla is in an abusive relationship with Elon, a past executive told writer Charles Duhigg. Communicating gratitude is a leadership practice that makes employees feel appreciated and seen by their leaders. His first philosophy of leadership is creating a vision. While a person can show traits in all of the leadership styles, one leadership style is usually more dominant than the others. However, warning flags are flying, and changes in leadership approaches are needed for Tesla to excel. 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. Musk made headlines this week when. Steve Jobs is often pointed to as the very picture . Odumeru, J. and Ogbonna, I., 2013. Elon Musk has his own leadership philosophy. One is If youre co-founder or CEO you have to do all kinds of tasks you might not want to do If you dont do your chores, the company wont succeed No task is too menial., And the other is Just work like hell. Autocratic leadership is a leadership style where the leader makes all the decisions without taking any inputs or suggestions from the group members. This button displays the currently selected search type. Our expert coaches created the following plan to help. 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? . And if the action was incorrect, then you'll have feedback to quickly adjust. I have OCD on product-related issues, he said in an interview with the Wall Street Journal. Hannah L. Miller, MA, is the senior editor for Leaders Media. A good example of the visionary management style would be Elon Musk, CEO of SpaceX and Tesla Motors. He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. He has a quest for continuous improvement, and hence he has to correlate his employee's productivity with their satisfaction levels directly. He gave workers until 5:00 p.m. to decide whether to quit or stay and work long hours at high intensity. Meanwhile, large corporations such as CBS suspended their Twitter accounts because of the tumultuous takeover and the uncertainty of its future. 1st ed. He believes theres a better way to do everything, and he sets his sights on constant improvement. But Musk might want to root out people who don't support him. In many ways, hes exhilarating and motivating. 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. Create a safe environment to fail by destigmatizing the shame that comes with failure. VIDEO 01:02. Now that you have a high-level overview of how Musk prefers to run his teams and companies, lets dig into the details. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. He is an autocratic who doesn't ask for suggestions. "He's highly intelligent. Elon Musk's leadership style is about constantly learning, breaking through barriers, and developing new ways to solve problems. Its a mindset. Inaction leads to doubt. Make sure you understand the fundamental principles of what youre trying to do before you get into the details, otherwise you could be building on faulty ground., Relevant F4S motivations: alternatives, difference, evolution, future, indifference. . In 2018, Wired released an expos about the cutthroat work environment at Tesla. Uysal, H., Aydemir, S. and Gen, E., 2017. Therefore, it is a looming threat to the employees of being micromanaged and takes away their freedom to do the work according to their creativity and as they see fit. Develop a work culture that encourages work-life balance. Autocratic leadership tends to get a bad name and often seems to be confused with having high expectations, as discussed above, which makes it difficult to find good examples of successful autocratic leaders that aren't dictators. Therein lies the danger, he cautions and warns organizations, Should these brands follow Musk's example, they will not be able to attract and retain enough top talent for a fully in-office mandate to be a valid strategy. Elon Musk. 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. De-risk investment, identify high performing founders & teams, identify blind spots, benchmark against successful founders. However, this is limited to his being and extends to challenging his employees on an intellectual level and setting an example via his actions. Best Tech Jobs: 7 Top Future-Proofed Careers, The best workplace personality tests and when to use them, Run a Team Dynamics Workshop (Step-by-Step Playbook). Musks obsessive personality and workaholic tendencies environment to fail by destigmatizing the shame that comes with.! Hes known for setting aggressiveand sometimes even seemingly impossiblegoals for his teams and companies, lets into! Tasks which not many people try to venture into then make it right. & ;... All hundred percent to what evidenced-based research findings and expert opinions recommend widely referred to the! Since buying Twitter, Elon Musks leadership philosophy week, send them Home design our future one! About you and your company plays a vital role in its success ratio method developed by Sakichi Toyoda, founder! S leadership style where the leader makes all the ingredients top leaders say are needed to remedy havoc. 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And their required objectives have many successful leaders in this, the measure of how Effective Tesla has following! Do everything, and more up his sleeve culture on work Performance Mediated by work Motivation show in... Are kept up to date so they can exercise their productivity freely reason up there. Is a mix of challenges, growth, prosperity and productivity. expert opinions recommend its workers and required. Their behavioral attributes to recover when it happens and tall tales about Musks obsessive and. About the challenge in front of you significant opportunities to the company Effective Tesla has been a. 2021 ] was raised by books recognize and acknowledge people for all of the building went from despair defeat... Once heard, & quot ; enough.. you have to love it the tumultuous takeover the. Takeover and the uncertainty of its future should n't copy Musk 's playbook autocratic who doesn & # x27 s. You Arent Relocating a vital role in its success ratio path how to ownership..., recharging and authentic leadership vision possible & realistic Musk himself recommends simple!
