Only focus on work that progresses the organization closer to achieving its mission. Imagine digging into challenging projects that impact lives in meaningful ways, showcasing your talents in a culture that honors inclusion, growth, and the autonomy to work the way you work best. Their mindset is fixed on their own goals for the company. There is full disclosure of his goals throughout the organisation, and he makes his learning environment known. In December 2016, according to Forbes, he was ranked 21st powerful people of the world. Tesla, being a manufacturing company, is not without its problems. [Online] Yourbusiness.azcentral.com. Hire a project manager who coordinates with everyone on the team so work gets finished on time. When it comes to common leadership styles in management theres no one-size-fits-all Effective leadership begins with identifying your strengths and then using the unique advantages of your style of leadership to drive growth within your . Like any other leader, his approach has its upsides and downsidesand theres plenty to be learned from the way he leads the charge for his employees and numerous companies, including the following lessons: Elon Musk is by no means a perfect leader, and really, theres no such thing. Vision: There is no doubt that Musk has a vision. Steve Jobs was demanding. The motivated employee then works best in the interest of the organisation, which then lead towards "growth, prosperity and productivity." There are three main models used in this essay to explore the leadership of Elon Musk, namely behavioral theories, Transformational theory, and path-goal theory. .. Autocratic Leadership 3. 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). Elon Musk quote: Other advice I would give is to not blindly follow trends. 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. Elon Musk is the eldest child in the family with younger brother Kimbal and sister Tosca. The SpaceX and Tesla CEO is an autocratic leader in . To most people, his vision is neither realistic nor believable but Musk has made his vision possible & realistic. certain whether Twitter had informed the federal government. A focus on goals is especially helpful for inspiring others, impactful communication, maintaining focus over time, and aligning teams with clarity and purpose. Develop step back mastery for increased self-awareness and tools to become a better leader. Elon Musk is a South African born Canadian-American business magnate who was born June 28, 1971. 1. However, warning flags are flying, and changes in leadership approaches are needed for Tesla to excel. (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. Elon Musk quote: The problem is that at a lot of big companies, process becomes a substitute for thinking. Study work that establishes a foundational understanding of the subject. 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. . 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 . 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. Elon Musk follows transformational leadership, the style in which a vision is created, and work is done on the field where a change needs to be done along with his team members in his business life. There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. It is important that people look forward to coming to work in the morning and enjoy working.. The notion of everybody being equally responsible for the spectacular success of an idea made manifest is absurd. Were breaking down five of the most important elements of the Elon Muskleadership style, as well as how those relate to different Fingerprint for Success motivations. Dont dwell on the negatives. (Ibrahim and Daniel, 2019). Elon Musks leadership qualities are awe-inspiring but can also verge on being borderline toxic. Elon Musk is a business mogul, engineer and inventor, best known for founding and leading SpaceX (a company that aims to lower the costs of building rockets with the ultimate goal of multi-planetary colonization by humans) and Tesla Motors (a company that produces electric cars). Under his leadership, Apple . International Journal of Business, Management and Social Research, 6(2), pp.367-374. He has a quest for continuous improvement, and hence he has to correlate his employee's productivity with their satisfaction levels directly. Big picture thinking is key in communication, leadership, decision making and situations where you need to get the gist of things quickly. Now that you have a high-level overview of how Musk prefers to run his teams and companies, lets dig into the details. Autocratic leadership is a leadership style where the leader makes all the decisions without taking any inputs or suggestions from the group members. Trusting the employee with responsibility is another trick he has up his sleeve. Youll be expected to think bigand quickly turn those ideas into action. Interested in learning more about Elon Musk and his companies? Keywords: Leadership, Elon Musk, United States LEADERSHIP . Delegative Leadership 6. 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. But, with numerous successful companies on his resume and a reputation for developing some of the most groundbreaking products and technologies on the market today, hes definitely a leader worth examiningbut not necessarily emulating. The perplexing ability to drift off into a trance which was considered as deafness by his parents at. Lee was everywhere, and his bold and versatile leadership style has been unmatched since . If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing., Really, the only thing that makes sense is to strive for greater collective enlightenment., People work better when they know what the goal is and why. But what is it about Elon Musks leadership style that draws people to him? you discover your natural leadership style and become a confident, inspiring leader. Trust Your Gut coaching program helped me build deeper levels of self-esteem and how I valued myself vis-a-vis the greater world. International Review of Management and Business Research, (2). Explore, develop or strengthen your emotional intelligence (EQ). Autocratic Leadership Style Autocratic leadership is an extreme form of transactional leadership, where leaders have complete power over staff. Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. Elon musk has developed the most innovative companies in the world like PayPal, SpaceX, and tesla motors. Autocratic management style. He really gives his all hundred percent to what he does. . . He inspires his employees in many ways. Bill Gates adopted an autocratic leadership style in the early years of Microsoft to ensure the company grew at the pace that he had . There are advantages too. Bureaucratic Leadership 7. Musk has used the kind of oppressive leadership tactics that caused disruption in the post-pandemic workplacethe opposite of what experts call for to remedy workplace havoc and heal the mental health challenges that the pandemic caused. 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. 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. Our expert coaches created the following plan to help. If one was to consider Maslow's hierarchy, there is a certain level of motivation required for employees to succeed. Steve Jobs is often pointed to as the very picture . Stay up to date with what you want to know. 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! He believes there's a better way to do everything, and he sets his sights on constant improvement. Period, said Jim Cantrell, the first engineer at SpaceX. This isn't good leadership practice. Cadigan said Twitter under Musk seemed to lack psychological safety and trust, which Cadigan called "the ingredients of high performance." Learn how hes changing the landscape of manufacturing with the Tesla Gigafactory or check out this article next: Who is Elon Musk? Participative Leadership 4. Get started by reading these 15 leadership books. Uncover insights on behaviors and cognitive filters, help students understand their workstyle strengths and blind spots. Its just that I thought they were important enough to do anyway., Relevant F4S motivations: achievement, goal orientation, future, present. Improve your team management skills, build a high performing team and radically increase team wellness. The ultimate collection of resources and guides that will help you kickstart your leadership development journey. Get to the core of the problem by using the 5 Whys method developed by Sakichi Toyoda, the founder of Toyota Industries. In 2020, there were 59 million freelancers. This has made him a market leader. Instead of referencing what others have done in the past to solve a particular issue, he gets curious about the universal truths behind the problem. Examples of transformational leaders include Elon Musk, Oprah Winfrey, and Jeff Bezos. Some characteristics, however, seem more consistent than others. His vision is attractive, simple, understandable, & beneficial. 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 cross-functional team collaboration, hire for culture fit, mitigate growing pains, increase team motivation. In each of his ventures, Musk has managed to mobile people to accept a new group identity and a new philosophy. As Fast Company reported, An engineer might spend nine months working 100 hours a week on something because Musk has pushed him to, and then out of nowhere Musk will change his mind and scrap the project., Elon Musk quote: I always have optimism, but Im realistic. Tesla's mission is sustainability in the future, and hence its requirements are different from other organisations. The employee said the experience was challenging, but they came out of it 10 times smarter.. 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). How to Wage War Against Implicit Bias in the Workplace? After all, Musk's personal net worth by most estimates is hovering around $160 billion; Tesla has a market cap of roughly $478 billion; SpaceX worked with NASA to send astronauts to space in 2020. Steve Black, chief strategy officer of Topia, asserts that the fully in-office policy is a dangerous talent strategy for other companies to implement. For example, if you see an employee working 90 hours a week, send them home. If its an assumption, get curious about why people formed this opinion. Yet, 86% of employees Nine out of ten of the most popular shoes among todays NBA players are made by Nike. Elon Musk has a drive that cannot be unseen. Elon Musk Leadership Style: 7 Effective Habits He Can Teach You. Bill Gates. Elon Musk has his own leadership philosophy. [This] improves the odds of success. It was not with the expectation of great success that I started Tesla or SpaceX. Having exercised an autocratic leadership style at each of his various enterprises, including car manufacturer Tesla and space exploration agency SpaceX, he has regularly overseen prosperity and success. And, he expects each and every one of his team members to innovate alongside him. 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