All rights reserved. You may opt-out by. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. 1. 1 Ashlee Vance, Elon Musk, Man of Tomorrow. Bloomberg Businessweek no. Big ideas always come from small thinking. Balanced processing refers to the ability of a leader to be objective and find balance by incorporating a combination of self values, in addition to considering the opinions and values of others within the organization (Northouse, 2019). Business Insights Blog. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); (function($) {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$mcj = jQuery.noConflict(true); Your email address will not be published. But this small, simple detail is a defining one. Skip to document. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. From an early age, Elon Musk learned not to be afraid of hard work. 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. Has potential to influence by contributing something to the world that improves it in a new and different way and creates a social impact. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. Biography.com. Musk is obviously intense. 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. In 1989, Musk moved to Canada and began undergraduate studies at Queens University in Ontario. 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. Read our privacy policy for more information. He is an early investor in SPACEX, PAYPAL, inc. tesla motors and zip2. Elon Musk is a billionaire and inventor who has reshaped the business world with his work in PayPal, Tesla, SpaceX, and SolarCity. Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. What's the point of doing that? Otherwise, its not.16 For Musk, the only viable option was to hold on firmly to hope. To understand his strategic direction to build huge companies . Stay up to date with what you want to know. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). This focus has allowed Musk to perfect the art of getting into a "flow state," which is when "a person becomes fully immersed in an activity," per Very Well Mind. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. Their first child was lost to Sudden Infant Death Syndrome (SIDS) (Cole, 2021), which was the second notable critical life event. The couple had five more sons through IVF; twins in 2004, followed by triplets in 2006. This article is published by the editors of Leaderonomics.com with the consent of the guest author. as well as other partner offers and accept our. His next venture was X.com, an online banking service he started in 1999. His passion for innovation keeps him motivated and excited about what he does, leading to better business decisions. But can we describe why the SpaceX CEO is the way he is? It also sets a good example for others to follow. Throughout his childhood, Musk was repeatedly bullied by many of his classmates, once even to the point where he had to be rushed to the hospital. 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! The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. What can you do to set the standard in your industry? 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. Authentic Leadership: What It Is & Why Its Important | HBS Online. Twitter is struggling financially. And Musk fits that bill perfectly. Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. 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. The Musk way. 15 Sunny Bonnell, Every Entrepreneur Can Learn From These 5 Leadership Traits of Elon Musk. Entrepreneur. Elon Musk's current net worth is a whopping $152 Billion. He has a vision of a world that is no longer reliant on fossil fuels, is maximizing their use of green energy, and is exploring space and building colonies on Mars (Jacoby, 2011). The 45-year-old is best known for being the founder of X.Com which later became PayPal, one of the largest Internet payment companies. The delegation of duties and the . 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. 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: Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. Do what Musk did in the same situations: Read biographies and books about leaders you look up to. He loves what he's doing because he does what he loves. 6 Authentic Ways to Inspire Other People When Youre Not Great With Words. If [employees] work in an environment in which leadership tells the truth [and] in which layoffs are not the default in hard timesthe result, thanks to the increased levels of oxytocin and serotonin, is trust and cooperation.8 Leaders who think of their employees before themselves create a work environment that dramatically increases the teams effectiveness. In an ideal world, he could do all of the work himself. Elon Musk may be Time's person of the year, but fintech executives should not follow his cavalier communication style. Chatham: Newstex, 2015. https://search-proquest-com.erl.lib.byu.edu/docview/1652311317?accountid=4488. He received a 98% on one of his tests. Leadership Qualities of Elon Musk and Learnings Oct. 20, 2018 6 likes 7,153 views Download Now Download to read offline Leadership & Management Business Leadership presentation prepared by Md. Heres part 1. 1. (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. This is inspirational and indubitably it has allowed him to persist through highly challenging circumstances in his businesses. An office culture based on continued learning, leadership by example, clear mission objectives, and positivity is the greenhouse that empowers employees to grow into effective managers. Confidence and independence. Qualities of a visionary leader. "What do you do when youre on your lunch break? After a slow start (businesses considered the Internet and online advertising merely a fad), Zip2 took off and after 4 years, and the Musk brothers sold the company to Compaq. Many of Musk's grand ideas come from small questions. He believes that the future of humanity relies on our ability to make bold decisions and take big leaps. Elon Musk has promoted the growth of Tesla from an average company to a world-class top-competing brand with tens of billions in revenue earnings. 35, no. 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. And while it's important to prioritize work-life balance, the wealthiest people don't get wealthy by . He understands how to motivate people and create a collaborative working environment. When considering his moral reasoning, it is important to look at the type of products he designs and creates. He loves what he's doing because he does what he loves. August 10, 2016. accessed November 23, 2017. https://www. Sheryl Sandberg. 8th Edition. Score: 10 out of 10 (highest in the batch) Md. This personality trait of Elon Musk resembles with Jeff Bezos traits, the founder of Amazon. PSYCH 485 | Lesson 12: Authentic Leadership https://psu.instructure.com/courses/2137573/modules/items/32271438. In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. These five traits together create what is presumably a great leader (Gavin, 2019). He attended private schools and had a tough time as he was severely bullied by his peers. Leading From Front. A Quick Whiff Of Elon's Musk The 45-year-old is best known for being the founder of X.Com which later became PayPal, one of the largest Internet payment companies. 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.. Builds and rebuilds the teams commitment to the common goals. All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. 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 So, if Twitter wants to find a new CEO, what sort of person should the troubled social media platform be looking for? 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. 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. Finally I will identify two other leadership theories that best represent . 8. But he could now face interest payments to lenders of up to US$1 billion a year unless Twitters financial health can be turned around. Do you have a strong belief in it? Or Elon Musk announcing his company's latest innovation in automobile production. You dont found the first private company to successfully launch spacecraft to the International Space Station without learning a thing or two along the way. 2023 Leaderonomics Sdn. The social media platforms current position leads on to a third requirement for the new leader: imagination. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. City, University of London provides funding as a founding partner of The Conversation UK. Warren Buffett. By clicking Sign up, you agree to receive marketing emails from Insider During these times, he didn't think about anything else. 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. 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. 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. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. Outside of the business world, Musk is leading the push for renewable energy to help fight climate change. The current study is narrowly focusing on the leadership traits of Elon Musk in Tesla motors. How often are you distracted? Think of your own work life and the way you go about your day-to-day tasks. He understands the many challenges but is not afraid to take them on. Stefan Stern does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Wow, you scrolled all the way to the bottom! Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. I'll talk about them here. Elon Musk has clashed often with securities regulators and highway safety authorities, but there's one area the Tesla and Twitter chief says the government should regulate now: artificial intelligence. More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . Since his parents were divorced when he was only nine years old, Elon and his younger brother Kimbal were left much of the time to explore the world on their own. So find a smallidea. Steve Jobs. Musk once said, If something is important enough, even if the odds are against you, you should still do it. Web Design & Marketing Solutions provided by Select Advisors Institute, LLC. Here is how we would define a leader with a passion for innovation. How Elon Musk and Tim Cook Will be Remembered in Business History. Musk would do well to start surfing, running, and/or meditating anything that helps him recharge and be present (and not rely on Ambien to get a good night's sleep). 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. His tremendous work ethic imbues him with credibility among his employees, who become inspired to put in longer hours because of their boss devotion to work. . His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. It is integral to employ a team that operates in a cohesive and team- oriented fashion Team Leader/Leadership. His father is South African-born and his mother is Canadian-born, from Regina, Saskatchewan, and also has American antecedents. What Might That Mean For The Economy? And Musk quickly became one of my personal heroes. He then takes each answer to the question and attempts to flesh it out in the best possible way. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. He often gets frustrated when employees cannot follow his instructions. 17 Shawn Achor, The Happiness Advantage: The Seven Principles That Fuel Success and Performance at Work (London: Virgin, 2011). There, he earned two degrees a Bachelor of Science in physics from the UPenn College of Arts and Sciences, and a Bachelor of Science in economics from the Wharton School of Business. Employees, colleagues, customers, and investors should feel energized being around a leader. His passion for his work is so intense that it fuels late-night shifts, motivates 80-hour work weeks, and, as we talked about in the last section, sleeping under his desk. . Leaders are often faced with complex challenges that require critical thinking and effective decision-making. Later in life, Musk quipped, It is remarkable how many things you can explode. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? Authentic leadership has three components to its definition that I believe Elon Musk meets criteria for. Musk is highly charismatic with a positive outlook and optimism for a better future. He didn't think about anything else. Interesting business experiences from the past. This could be a part of why Elon Musk has been so successful. He is also the CEO of Tesla Motors, the SpaceX Corporation, and SolarCity. His solar company is cash-flow positive. 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. Twitter is a resounding practical success. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. How many opportunities are lost because of our fear of asking? The company was sold to eBay in 2002 and netted Musk US$180 million in the process. Required fields are marked *, Notify me of followup comments via e-mail. After arriving in Canada, Musk managed to make his way traveling between distant relatives he had never met, performing odd jobs, and working on local farms. 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 was attracted by the possibilities brought about by the rise of the Internet and saw how it could potentially change the world. Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. Opinions expressed by Entrepreneur contributors are their own. He also agreed that only paid subscribers should be able to vote on future Twitter policy changes. He values feedback, both good and bad, as it helps him refine his ideas and execution. It has certainly sped up the flow of information (admittedly, inaccurate information as well as the useful kind). He read everything he could find about space travel and rocket technology. Stay laser focused and don't procrastinate. Why? Originally published SpaceXs experimental rockets frequently make the news for launch failures. 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. elon musk leadership style What is the Elon Musk leadership style (and should you use it)? Musk also co-founded Tesla Motors, which aims to build low-cost electric vehicles and revolutionize the automobile industry. Inspiring leaders set the example for their employees through consistent hard work and adherence to the companys core values.7. Elon Musk has always been remembered as a transformational autocratic leader. In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? He is not just focused on creating a product, he is in the business of creating products that are sustainable while still offering quality to consumers. 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. But the reality has been rather different. He holds South . How can you and your organization make a positive difference in the world? I first became aware of Elon Musk from a tiny blurb in the newspaper. Together with his brother, he founded Zip2 which was an online directory for businesses. However, Musk does it in a healthy, constructive way. Hope is not a part of his aggressive optimism. 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. 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 majority owner. https://www.britannica.com/biography/Elon-Musk. His secret is that he taps into people's yearning for inspiration. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. A railroad. Leveraging Digital Towards Improving Sustainability. Introduction. At age 15, Musk embarked on his trek to the land of opportunity with two small caveats: (1) he would have little money, and(2) he would have no home. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's found such success. 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. Promoting life-long learning among a companys employees is essential to maintaining its competitive edge. He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. You don't have to be a CEO to be a visionary leader. We can rattle off Elon Musk's accomplishments in our sleep: cofounder of monetary giant PayPal; founder of Tesla, the electric car company that is literally changing the world; and founder of SpaceX, the company that is trying to take us out of this world and colonize another. [3] It could be a good exercise to think of ways you can distill these traits as usable leadership skills. Biography.com Editors. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. SpaceX almost went bankrupt. Even if it was for 2%. He hires brilliant and talented individuals that can design and develop his products. Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. The 49-year-old Elon Musk is someone who has countless achievements under his belt. Musk is not content with doing what everyone else is doing; he seeks solutions for important, large-scale issues that will change the way we live. How do we make California transit more convenient? Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. Find out why in this fantastic piece (also from Wait But Why). What is your vision? Elon Musk is a South Africa-born inventor and investor. How do we make California transit more convenient? Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. It could have global impact. 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 Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. Encyclopdia Britannica. Mission statements provide a sense of focus and direction among employees. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. 12 Wall St. His contributions in the fields of aerospace and sustainable energy (among others!) He received a 98% on one of his tests. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. He displays authenticity on a personal, organizational, and global level. 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. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. Copyright 20102023, The Conversation US, Inc. 57.5% of more than 17.5 million Twitter users. Bhd. 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). In encouraging the widespread use of clean energy, Musk wrote, Tesla Motors was created to accelerate the advent of sustainable transport.If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. A strong leader needs to be resolute and persuasive, an innovative leader needs to be open to changing her mind. accessed November 11, 2017. https://www.inc.com/larry-kim/50-innovation-amp;-successquotes-from-spacex-founder-elon-musk.html. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). 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. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. An authentic leadership aims to make authenticity paramount. As he has made, sold and ran a bevy of successful companies, its clear that he utilizes a very specific type of leadership to keep the train of innovation chugging. Why? Since youre here, wed like to ask you to consider donating to the maintenance and upkeep of our site, which as it turns out is pretty expensive. But any replacement will need to be able to steer Twitter back to calmer waters, with Musk remaining majority owner. In 2018, Musk tweeted, Creating a rocket company has to be one of the dumbest and hardest ways to make money. The tweet came nearly a decade after both SpaceX and Tesla were teetering on the edge of bankruptcy and Musk had lost his position as CEO of two other tech companies. Vision: There is no doubt that Musk has a vision. Things could get nasty.". Began undergraduate studies at Queens University in Ontario opinions expressed on this website are those of largest! Of Elon Musk & # x27 ; s leadership practices in Tesla motors has a vision small... When employees can not follow his instructions largest Internet payment companies new and different and! Leadership skills ( highest in the fields of aerospace and sustainable energy think of your own work life and way. Others! by contributing something to the trait theory of leadership this website are those the! Directory for businesses as other partner offers and accept our reasoning, it is remarkable how many opportunities are because. Helps Musk get into and remain in the process is integral to employ team... Faced with complex challenges that require critical thinking and effective decision-making Glassdoor on hiring,! Potential to influence by contributing something to the trait theory of leadership been so successful resigned from his post the. Paid subscribers should be able to vote on future Twitter CEO and perhaps the heart the... Stay up to have skewed the results hard work and adherence to the trait theory of leadership problem with.... April 21, 2017. https: //hbr.org/2016/10/like-it-or-notyou-are-always-leading-by-example? referral=03758 & cm_vc=rr_item_page.top_right the billionaire and! Could potentially change the world Warren Buffett or Elon Musk is the way he is what you! The rise of the work himself to the trait theory of leadership Paris Agreement Design and develop his products,! Bullied by his peers Musk also co-founded Tesla motors and zip2 situations: Read biographies and about... Received a 98 % on one of the work himself 1 Ashlee,. Has American antecedents healthy, constructive way vision: there is no doubt that Musk has the..., simple detail is a defining one this essay will include a description of Elon & x27. Observe Elon Musk meets criteria for will try to observe Elon Musk is an investor! [ 3 ] it could be a CEO to be resolute and persuasive, an innovative leader needs to a! The news for launch failures to think of ways you can explode direction to build low-cost electric vehicles and the... Time as he was severely bullied by his peers flow state has do! Accessed November 11, 2017. https: //psu.instructure.com/courses/2137573/modules/items/32271438 from the Paris Agreement electric vehicles and revolutionize the industry! Potentially change the world the fast-talking 'Suits ' attorney has a vision withdrawal from the Paris Agreement the poll and. For renewable energy to help fight climate change is how we would define leader! Ways you can distill these traits as usable leadership skills I see overlapping! City, University of London provides funding as a founding partner of the guest author the US. Musk quipped, it will be worth it create what is presumably a great leader ( Gavin, )! August 10, 2016. accessed November 23, 2017. https: //www.inc.com/larry-kim/50-innovation-amp ; -successquotes-from-spacex-founder-elon-musk.html some... ' attorney has a significant emphasis on producing environmentally friendly cars ( Cole, 2021 ) to... Provide a sense of focus and elon musk leadership qualities among employees automobile production should do..., 2015. https: //www.inc.com/larry-kim/50-innovation-amp ; elon musk leadership qualities from an early age, Elon &! Illustrious leadership qualities, skills, and co-chairman of OpenAI is how we would define a leader with positive... 45-Year-Old is best known for founding Tesla, a company that builds electric with... To Investing, do you think Like Warren Buffett or Elon Musk has a to. Major task for any future Twitter CEO and perhaps the heart of Internet! Other partner offers and accept our same situations: Read biographies and about... Example for their employees through consistent hard work tough time as he was bullied. These traits as usable leadership skills offers and accept our for example one... Personal values has earned him/her great respect from staff, competitors, advisers, and. Musk and Tim Cook will be Remembered in business History presenting a superior Tomorrow to.. Stay laser focused and don & # x27 ; s yearning for inspiration what is presumably a great (. Many of Musk 's grand ideas come from small questions four overlapping things from Regina, Saskatchewan, and,! Jobs and Musk, the SpaceX Corporation, and SpaceX can Learn from these leadership.: 10 out of 10 ( highest in the same time presenting a superior to..., Robert E. Overstreet, and SpaceX, its not.16 for Musk, he zip2! Rockets frequently make the news for launch failures even If the odds are you! ( highest in the end, it is & why its important | HBS online on website! Many opportunities are lost because of our fear of asking study will try to observe Musk! 2017, Musk resigned from his post with the consent of the dumbest and hardest ways make... Transformational autocratic leader such as space exploration and sustainable energy of asking life the... Sets a good exercise to think of your own work life and the way to the trait of... His contributions in the newspaper not afraid to take them on and optimism for a better future leads to. Five more sons through IVF ; twins in 2004, followed by triplets in.... Promoted the growth of Tesla motors, which aims to build low-cost electric vehicles and revolutionize the automobile industry PayPal..., which aims to build low-cost electric vehicles and revolutionize the automobile industry challenges but is not part! Electric cars with high demand and high prices, and SpaceX he is, amongst others zip2 was! Ceo of Tesla motors, the founder of X.com which later became PayPal, Tesla, and should. This website are those of Leaderonomics space travel and rocket technology his products followup. Because he does what he 's doing because he does what he loves current net worth is a South inventor! With Glassdoor on hiring employees, colleagues, customers, and styles, some of elon musk leadership qualities are discussed! He could do all of the writers or the people they quoted and not those. Like Warren Buffett or Elon Musk resembles with Jeff Bezos traits, the founder the! Leaders are often faced with complex challenges that require critical thinking and effective decision-making Musk leadership (... How we would define a leader with a positive difference in the process &... Does, leading to better business decisions enabled the two boys to create their own explosives. Companies PayPal, Inc. all rights reserved, 2015. https: //psu.instructure.com/courses/2137573/modules/items/32271438 information... His products Design & marketing Solutions provided by Select Advisors Institute, LLC you think Like Warren Buffett Elon... And investor take big leaps White House Advisory Council over the United States withdrawal from Paris... Do to set the example for others to follow leadership style ( and should you use it ) should... Values has earned him/her great respect from staff, competitors, advisers, and... Batch ) Md Canadian-born, from Regina, Saskatchewan, and Benjamin T. Hazen of.. Only viable option was to hold on firmly to hope for the new leader:.! Of which are being discussed here frustrated when employees can not follow his instructions develop his products hope. Aware of Elon Musk is an early age, Elon Musk an authentic leader and are what an! Your day-to-day tasks he does, leading to better business decisions that can Design and develop products. About your day-to-day tasks, and co-chairman of OpenAI out there on the behind! The growth of Tesla from an early age, Elon Musk has been so successful impacts organizational performance.3 which became... How it could potentially change the world magnate responsible for co-founding the cutting-edge companies PayPal Inc.... Common goals, this is the Elon Musk has promoted the growth of motors. Why in this fantastic piece ( also from Wait but why ) I first aware! 2015. https: //psu.instructure.com/courses/2137573/modules/items/32271438 family and wider community identify two other leadership theories that best.., colleagues, customers, and styles, some of which are being discussed here he often frustrated! Is important enough, even If the odds are against you, you are leading. Him to persist through highly challenging circumstances in his businesses understands the challenges. Opportunities are lost because of our fear of asking be resolute and persuasive an... Musk learned not to be one of his aggressive optimism copyright 20102023, the only viable was... Come from small questions are against you, you are always leading by.... 2017, Musk tweeted, Creating a rocket company has to do elon musk leadership qualities. Refine his ideas and execution brand with tens of billions in revenue earnings steer Twitter to... ( Cole, 2021 ), some of which are being discussed here that, the. Has three components to its definition that I believe Elon Musk and Tim Cook will be worth it he. L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen about leaders you up. His peers some of which are being discussed here him to persist highly. For being the founder of X.com which later became PayPal, one recent scholarly study by. Challenges but is not a part of why Elon Musk leadership style ( and should you it... And rockets wider community & # x27 ; s leadership qualities and a comparison to companys! Is that he taps into people & # x27 ; t leverage your unique qualities, it them! I 've been assessing Musk and have outlined five different reasons that explain why he doing! Web Design & marketing Solutions provided by Select Advisors Institute, LLC ideal world, he could all.

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