35, no. Randy Garn is a passionate entrepreneur, speaker, and, This Founder Started a Wellness Brand in Her Kitchen , Employees Are 45 Minutes More Productive Each Week, 61 Books Elon Musk Thinks You Should Read, A German Scientist Predicted That a Person Named 'Elon' Would Lead Humans to Mars. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. He read everything he could find about space travel and rocket technology. Musks childhood problem with bullies played a large role in developing his optimistic tendencies. How many opportunities are lost because of our fear of asking? 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. Here is how we would define a leader with a passion for innovation. accessed November 23, 2017. http://fortune.com/2016/03/04/ companies-employees-tuition-reimbursement/. Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. 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. Learn to say no.. Top editors give you the stories you want delivered right to your inbox each weekday. I've spent much of my professional life working with incredibly high performers, and although they all impress me to no end with their talents, habits, and hard work ethic, they don't quite reach Musk's level. After the sale of PayPal, he had enough money to live more than comfortably several lifetimes over.And yet, he invested nearly all those funds into SpaceX, Tesla Motors and SolarCity. 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. Musk once said, "I'd rather be optimistic and wrong, than pessimistic and right.". August 10, 2016. accessed November 23, 2017. https://www. But can we describe why the SpaceX CEO is the way he is? This is inspirational and indubitably it has allowed him to persist through highly challenging circumstances in his businesses. Elon Musk was born on June 28th, 1971 in South Africa, where he grew up with his father after his parents divorced in 1980. 2.1.3 Transformational Leadership in Action Musk's leadership behaviors coincide with each of Bennis and Nanus (1985) four strategies typically used by transformational leaders. After Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. What more noble cause is there? You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." One of the most important leadership qualities is excellent problem-solving skills. What's the point of doing that? Why is Elon Musk so scared of Artificial Intelligence? How many opportunities are lost because of our fear of asking? And it can be a force for good for example providing data and advice during the COVID-19 pandemic or helping to highlight the failings of politicians or the media even with the unpleasantness and abuse that seem to be an unavoidable part of tweeting. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. Whats remarkable about Musk is that he never lets it stop him from fighting through and progressing. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. Musk was born in South Africa to an engineer and dietician. 15 Sunny Bonnell, Every Entrepreneur Can Learn From These 5 Leadership Traits of Elon Musk. Entrepreneur. By 2002, Musk has made his first billion after selling his shares in PayPal and went to further expand his abilities with his new company, Space X (Biography.com Editors, 2021). Musk supervises the creation, engineering and layout of the products of the company. That 100% meant enough to him that he put himself in a possibly awkward situation, speaking with his professor, and having the hard conversation that many people shy away from. When PayPal was sold to eBay, Musk began to focus on what he's best known for today: SpaceX, Tesla Motors and SolarCity. Tesla balance. Had he been afraid of failure, two of the most recognizable companies in the United States may no longer exist. Yet, while his unique personality and boundless creativity have led to incredible success for his. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. Leadership is not just a function of management as many perceive it; it is also work and example. Elon Musk does not have those qualities. 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 Even though Musk no longer performs menial labor, his work ethic remains second to none. 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. Elon Musk is inventive, intuitive, sociable, and adaptable. Now look at Tesla: it's a booming giant that's changing the automotive world. City, University of London provides funding as a founding partner of The Conversation UK. There's an anecdote Musk's first wife tells of him back in college. The truth is, if we are passionate or find passion in the work we're doing, work stops feeling like work. Confidence and independence. This flow state is only achieved when the person can perform undistracted by other, less-significant tasks. Musk is undoubtedly a visionary. He creates hope for his consumers through positive visions of the future and his confidence in his products makes followers flock in his general direction (Northouse, 2019; Cole, 2021). Nominate him or her for our award by visiting here. Musk once said, If something is important enough, even if the odds are against you, you should still do it. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. 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. Chatham: Newstex, 2015. https://search-proquest-com.erl.lib.byu.edu/docview/1652311317?accountid=4488. However, Musk does it in a healthy, constructive way. Musk also co-founded Tesla Motors, which aims to build low-cost electric vehicles and revolutionize the automobile industry. 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. Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. This flow state is only achieved when the person can perform undistracted by other, less significant tasks. 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. Because "no" meant nothing. His electric supercars seat seven. But can we describe why Musk is the way he is? Dolly Singh, former HR head at SpaceX, says about Elon Musk, "The thing that makes Elon Elon is his ability to make people believe in his vision.". Being a perfectionist, he went to his professor and got them to change his score to a 100%. elon musk leadership style What is the Elon Musk leadership style (and should you use it)? Musk is a natural leader who cares about his employees. "Being immersed can be defined as a state of focus in which a person is completely absorbed and engrossed in their work." It has certainly sped up the flow of information (admittedly, inaccurate information as well as the useful kind). Expertise from Forbes Councils members, operated under license. 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. Elon Musk is a honest person/executive, the world we live has a great lack of honesty. What can you do to set the standard in your industry? Many do not have access to the resources needed to bring out their full leadership potential. 2023 Leaderonomics Sdn. What Might That Mean For The Economy? How do we make California transit more convenient? They have a strong sense of themselves and what they stand for (Northouse, 2019). But the reality has been rather different. It also motivates him to start new companies, even if they initially need to work out. 8 Simon Sinek. After 2 years, he transferred to the University of Pennsylvania. He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. ChatGPT vs. Bard: A Modern Day David and Goliath Story. 1 Introductory Paragraph 1.1 In this essay I will discuss a well-known contemporary person that is in a position of leadership which will be Elon musk who is a businessman and investor. At age 12, he wrote a computer program to calculate trajectories for rockets. This is 90 percent of the solution, as hiring wrong can cost you so much." Elon Musk noted hiring the right people as his most important advice for up-and-coming leaders. Co-founder, PayPal. The social media platforms current position leads on to a third requirement for the new leader: imagination. Authentic leadership has three components to its definition that I believe Elon Musk meets criteria for. 19 Nicholas A. Christakis, and James H. Fowler, Connected: The Surprising Power of Our Social Networks (New York: Back Bay Books, 2011). Unfortunately, he died of sudden infant death syndrome. In their book Connected, Nicholas Christakis and James Fowler conclude from years of research that our actions, attitudes, and behaviors not only influence those we act with directly, but also extend to people within three degrees. Sheryl Sandberg. Many of Musk's grand ideas come from small questions. May 31, 2021. For better or worse, here are five things weve learned about leadership from Elon Musk. Its been a tumultuous year for Twitter and Musk. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. Management at many different companies underestimate the importance of developing a mission statement. Chairman, Solar City. He may rethink stepping down, or even appoint someone only to sack them. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. He is Elon Musk.1 Elon Musk is irrefutably a captivating figure, but how has his development as a leader influenced his success, and how can these qualities be replicated in managers across the nation? He praised Elon Musk's ambition, revealed the traits and attitudes he looks for in people, and cautioned against becoming a VC just to get rich. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. As of October 2016, his estimated net worth is US$11.5 billion. When considering Elon Musk under the lens of authentic leadership, it is clear he has the necessary leadership traits. I've spent much of my professional life working with incredibly high performers, and although they all impress me to no end with their talents, habits, and work ethic, they don't quite reach Musk's level. With transformational leadership styles on the rise, Elon Musk has also entered the list of the 21st century's most influential CEOs along with Steve Jobs, Reed Hastings, and Jeff Bezos. They had six children together: all sons. Adib Ibne Yousuf, MBA student of BUP. When PayPal was sold to eBay, Musk began to focus on what hes best known for today: SpaceX, Tesla Motors and SolarCity.For those of you who are unaware, SpaceX is a company that aims to commercialise space travel. With all said and done, most chief executive officers are only after bolstering bottom lines and keeping investors happy. 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. The initial question is always small, then the answers grow progressively bigger. Confidence and independence. Perhaps the imaginative leap the new CEO has to make will be to turn Twitter into a viable not-for-profit organisation, one that has enormous utility and value, if not the ability to easily make money for its owners and for advertisers. Why? Opinions expressed are those of the author. What skill does he have that we can implement in our own leadership style? Musk has perfected the art of remaining focused. . How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? The truth is, if we are passionate - or find passion - in the work we're doing, work stops feeling like work. He has become an inspiration for many young leaders in the world of business. His contributions in the fields of aerospace and sustainable energy (among others!) Musk is the. He views these as experiments that didnt work out and simply moves on to the next step. Behavioral theories are crucial in understanding the conduct of . He displays authenticity on a personal, organizational, and global level. The new leader will have to confront the brutal facts of the situation according to management expert Jim Collins, this is how to begin productive change. Elon Musk's current net worth is a whopping $152 Billion. Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. So find a small idea. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. 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. Apparently, the billionaire had been the highest bidder for a Lotus Esprit from the James Bond film, The Spy Who Loved Me.In the film, the car had been able to transform into a submersible vehicle at the push of a button. You see, the 2% that separated Muskfrom his current score and perfection sounded to him like a giant "no." Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. 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. 2. In this case, a core task for the new CEO will be to recognise what sort of business Twitter is, and decide whether it is really a conventional for-profit business at all. It is not a platform like Facebook or Instagram that can deliver billions of users to potential advertisers. Relies on trusted individuals while showing ability to be an independent thinker and take risks in the face of uncertainty. Eventually he went on to study at Stanford and began to pursue his technology legacy (Cole, 2021). Your email address will not be published. Conclusion. 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. 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.. Elon Musk has always been remembered as a transformational autocratic leader. He then tried to pull out of the deal in July, before finally taking ownership in October. Elon Musk exemplifies the creative side of autocratic leadership. He wants to die on Mars. So, if Twitter wants to find a new CEO, what sort of person should the troubled social media platform be looking for? This mindset helps him stay motivated and excited about what is next. He really gives his all to what he does.This certainly cant be easy considering the failures his companies have faced. Qualities of a visionary leader. He holds South . Musk is a perfect case study for someone whose work ethic is fueled by his passion. Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. 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. When considering his moral reasoning, it is important to look at the type of products he designs and creates. 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 His leadership style is transformational and transactional, aimed at attaining results. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. Elon Musk's Leadership Style: The Top 3 Leadership Qualities of the man behind Tesla, SpaceX, and Paypal 1. Find out why in this fantastic piece (also from Wait But Why). Elon Musk is one of the most innovative and driven entrepreneurs of our time. 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 is a maker of electric cars. A railroad. His solar company is cash-flow positive. Warren Buffett. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. According to Harvard Business School, there are 5 traits of authentic leadership: commitment to bettering yourself, cultivating self-awareness, discipline, mission driven, and inspiring faith. Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. As part of this initiative, were taking a closer look at the people and leaders who we feel embody the values that our award is based upon. During these times, he didn't think about anything else. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. Elon Musk Biography. 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. SpaceXs experimental rockets frequently make the news for launch failures. Question and challenge the status quo. Businesses can't replicate Musk's lifetime of experience in their employees. as well as other partner offers and accept our. He understands the many challenges but is not afraid to take them on. The initial question is always small, then the answers grow progressively bigger. Why? The leadership style directly affects Tesla. 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. The retail giant's tech wing also warned against sharing customer info with AI bots. In his teen years, Musk spent a significant amount of time pouring over religious and philosophical texts. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. We are Marriott Student Review Swipe r, Come checkout our new issue for 2022 called Authen, Lets get groovy! These five traits together create what is presumably a great leader (Gavin, 2019). In 1992, Musk attended the University of Pennsylvania to study business and physics, earning two separate degrees, and while he attended Stanford with the intention of obtaining his Ph D in energy physics, he opted to take advantage of the internet boom.
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