Elon Musk exemplifies the creative side of autocratic leadership. 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. The article details the leadership style of Tesla CEO Elon Musk and the loyalty of his supporters. With such a long list of businesses and achievements under his belt, its no wonder that Elon Musks leadership style has become an area of interest and fascination. Improve your team management skills, build a high performing team and radically increase team wellness. Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. Transformational Leadership 2. An autocratic leader relies on their own decisions. Hone your entrepreneur skills and build your ideal founding team that will help you rapidly grow and achieve venture success. Thumbs up Marlee!, "Wow this program has totally changed my relationship to goals! He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. Steve Jobs and Elon Musk are good examples of this confusion. A good leader will align them to fit the employee and provide the necessary resources to fulfil those objectives. Our expert coaches created the following plan to help. The leadership style directly affects Tesla. A good example of the visionary management style would be Elon Musk, CEO of SpaceX and Tesla Motors. He sets up his employees for success. This is because he also shows signs of being an autocratic leader and a transactional leader. This type of leader is action-oriented. But conscious leaders take the opposite route. Oprah Winfrey. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. Our post was a discussion on the Leadership Qualities, Skills, and Styles of Elon Musk. Failure is an option here, hes quoted as saying. His methods are applied by young businessmen who are eager to . Even though the self-dubbed chief twit's path isn't clear to observers, Cadigan said Musk typically knows what he's doing. Needless to say, when you work under Elon Musk, you wont rely on existing procedures and a weve always done it this way attitude. Elon Musk, (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft. Explore, strengthen and stand by what you believe in at work and in life. Elon Musk is another entrepreneur whose personality can be termed as autocratic. 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. If you have a skill or interest youre passionate about, starting a podcast isnt a bad idea. The employees working in the organisation are directed to achieve the goals at the priority in return for some incentives and rewards. 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. Why do you want to live? Elon Musk has his own leadership philosophy. There are further divisions in this structure. Photo by Christophe Gateau/picture alliance via Getty Images. . Study work that establishes a foundational understanding of the subject. Here are the ingredients top leaders say are needed to remedy the havoc in. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. 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. In short, transformational leaders dont wait for the world to changethey make a plan and motivate others to join them so they can achieve their vision. Elon Musk's leadership style is a mix of challenges, growth, vision innovation, and more. Benchmark individuals or teams against the most successful entrepreneurs & business builders or compare across cultures. Elon Musk's tactics are diametrically opposed to what evidenced-based research findings and expert opinions recommend. It includes four tactics: Vision: he showed this strategy by replacing fossil fuels by green energy and discovering space on Mars. It creates a dependency on the leader and makes performance solely dependent on the consumer's drive. For example Elon Musk uses the autocratic leadership style labeling himself as a perfectionist and nano. I have OCD on product-related issues, he said in an interview with the Wall Street Journal. Additionally, open up lines of communication around mistakes and discuss ways to improve. As a transformational leader, Elon Musk focuses on solving the worlds greatest problems. He was also a man with a wonderful vision. 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. Elon musk has developed the most innovative companies in the world like PayPal, SpaceX, and tesla motors. I always see whats . Vision: There is no doubt that Musk has a vision. "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. A persons leadership style is how they lead themselves and their team. The information is not limited to the management, and there is an interconnectedness within the departments that paints a bigger picture than just a top-down approach. In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. Articulating a powerful vision is one of his leadership skill that also made him a successful leader. He inspires his employees in many ways. 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. When I see a car or a rocket or spacecraft, I only see whats wrong. Action leads to clarity. In this, the focus will be on Tesla and its founder Elon Musk. Recognize and acknowledge people for all of their hard work. Even during these dark times, he still demonstrated impeccable leadership skills that motivated his team to keep pushing forward. However, the measure of how effective Tesla has been following a policy of empowerment and culture. He believes there's a better way to do everything, and he sets his sights on constant improvement. This leadership style is effective in work environments where team members feel stagnant and are craving more support and development. Elon Musk is considered one of the most influential leaders in the contemporary world. CNBC, 2017. . LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. He has a unique way of thinking about problems. He is so passionate about his work. The unique way he thinks about challenges is what allows him to do this. Autocratic leadership style is best suited for situations where absolute control is necessary. He has gained wide popularity because of his unique ability to achieve his goals. Examples of transformational leaders include Elon Musk, Oprah Winfrey, and Jeff Bezos. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. In our recent Adapt survey, we found that 65% of employees who are forced back into the office full-time say theyre more likely to look for a new job; 46% are attracted to jobs that focus on employee well-being, and 42% want the ability to work from home when they want. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. Strengthen these for business success. 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! You dont become a billionaire without a hefty dose of drive and ambition, and Musk is no exception. 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. So, like any leadership style, the Elon Musk leadership styleapproach comes with some distinct benefits and drawbacks. But Musk might want to root out people who don't support him. Find out more about his most endearing leadership qualities and how to use them to your advantage below. 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. Some characteristics, however, seem more consistent than others. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. The same can be said about his other organizations. Autocratic leaders want sole authority in their companies and rule with an iron fist, while transactional leaders can be cold and daunting because they view work as a business transaction. Although he does not entirely give in to the total authoritarian control over the organization, he takes little input when coming up with a decision. Leading by example is another great option. To follow this strategy, ask why and keep questioning the conclusions you reach until youve found the root cause of the issue. A transformational leader inspires his employees. . Show team members how to take ownership of mistakes and pivot away from setbacks. (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. Under his leadership, Apple . 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. Researches on Science and Art in 21st Century Turkey. .. It is not that easy to lead these multiple businesses in a parallel way. Inaction leads to doubt. 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. 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