That 100% meant enough to him that he put himself in a possibly awkward situation, speaking with his professor, and had the hard conversation that many people shy away from. How many opportunities are lost because of our fear of asking? Purpose: To learn and understand the qualities of Elon Musk as a leader that make him so successful. Read our privacy policy for more information. And can we not only quantify those things that make Musk so successful, but also begin to embody themin our own lives? I believe Musk's exceptional ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his absolute focus. How Elon Musk and Tim Cook Will be Remembered in Business History. Musks innate sense of curiosity stems largely from the unusual amount of independence he experienced as a child. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. 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. They push people out, spiral out of control, or end up underperforming dramatically. 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? By any measure, Elon Musk is exceptionally successful. Confidence and independence A new Twitter CEO will want. 12 Wall St. Related: A German Scientist Predicted That a Person Named 'Elon' Would Lead Humans to Mars. 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. 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. 19 Nicholas A. Christakis, and James H. Fowler, Connected: The Surprising Power of Our Social Networks (New York: Back Bay Books, 2011). While there are lots of impressive leaders, few touch his superhero scale. Business Insights Blog. 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. Inspiring leaders set the example for their employees through consistent hard work and adherence to the companys core values.7. Ever since then, I have kept abreast with great interest the news surrounding this man the media often dubs the real-life Tony Stark. The 49-year-old Elon Musk is someone who has countless achievements under his belt. He is an early investor in SPACEX, PAYPAL, inc. tesla motors and zip2. Gavin, M. (2019b, December 10). He then tried to pull out of the deal in July, before finally taking ownership in October. Promoting life-long learning among a companys employees is essential to maintaining its competitive edge. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. Leaders must be committed to doing the work necessary for the companys success before they will be able to get others to commit. Access your favorite topics in a personalized feed while you're on the go. Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. Elon Musk exemplifies the creative side of autocratic leadership. 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. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. Relies on trusted individuals while showing ability to be an independent thinker and take risks in the face of uncertainty. Score: 10 out of 10 (highest in the batch) Md. However, there's no denying that Elon Musk deserves a spot near the top of that list. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. 3. SpaceXs experimental rockets frequently make the news for launch failures. 2017 BluePointe Capital Management, LLC. Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. Even if it was for 2%. 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. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Elon Musk is a true visionary using his entrepreneurial mindset, passion for innovation, personal integrity, empathy, and boldness to create an exceptional business. After Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. He is honest, hard-working, and a leader who has influenced many. Top editors give you the stories you want delivered right to your inbox each weekday. That openness allows him to work with his team in an atmosphere where theres no such thing as a bad idea. Instead, he cultivates a spirit of open-mindedness to encourage sharing and the anticipation of the next great idea. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. But the reality has been rather different. 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. Whats remarkable about Musk is that he never lets it stop him from fighting through and progressing. How many opportunities are lost because of our fear of asking? Write an article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions. 1. Musks childhood problem with bullies played a large role in developing his optimistic tendencies. But can we. Musk has responded that hell step down when he finds someone foolish enough to take over as CEO, saying he will run the software and server teams instead. The Harvard Business Review article, Like It or Not, You Are Always Leading by Example explains that all serious leaders recognize that their example has a continuous impact on their company. Today, Musks hard-earned lesson to remain optimistic enables him to see a bright future in industries doomed by his critics to failure. His electric supercars seat seven. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. Together with his brother, he founded Zip2 which was an online directory for businesses. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? The ability to face facts. Visiting Professor of Management Practice, Bayes Business School, City, University of London. 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. He understands the many challenges but is not afraid to take them on. An electric railroad. This flow state is only achieved when the person can perform undistracted by other, less significant tasks. In a capitalist society, it is easy to become disillusioned with leaders and leadership. Chairman, Solar City. This focus has allowed Musk to perfect the art of getting into a "flow state," "the mental state in which a person performing some activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity." Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. It could have global impact. 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.. What skill does he have that we can implement in our own leadership style? Musk, as a leader, has the capability to create balance between who he is, the vision he has created for the world, and acknowledging the importance of the strength of his team (Cole, 2021). Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. 4296: 7379, September 17, 2012, 74. http://web.a.ebscohost.com.erl.lib.byu.edu/ehost/detail/ detail?vid=0&sid=df621e06-0389-45e2-b57a-8dd06f53bd48%40sessionmgr4006&bdata=Jn NpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#AN=79961724&db=buh. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. 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. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. As a student of leadership, I can see three key requirements for anyone considering or being considered for this role right now: 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. I feel the exact same way. From time to time, take the time to reflect on your own performance as a leader. Mission statements provide a sense of focus and direction among employees. Great Resignation Climate Change Leadership Inflation Ukraine Invasion . What Might That Mean For The Economy? 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. How can you and your organization make a positive difference in the world? Randy Garn More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . Has learned from disappointing experiences. He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). This merged with Confinity to become Paypal. Warren Buffett. This might be a little bit more difficult to do, but I think it's possible. Musk is highly charismatic with a positive outlook and optimism for a better future. . Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. His solar company is cash-flow positive. The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. His speeches are marked with . How do we make California transit more convenient? Cole, R. (2021, June 24). Being a perfectionist, he went to his professor and got them to change his score to a 100%. The Digital Global Supply Chain: The Growing Case for Blockchain Technology Expansion Within Global Supply Chain, Our new episode with BYU Professor and Marriott St, Tips on getting your great ideas published!! 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. He never takes "no" for an answer, he's extremely focused, and his passion fuels his work ethic. Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. 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). 1. Indeed, Musks reaction to finally getting his hands on Twitter has been reminiscent of Christmas morning, when children rip open presents, display initial excitement and then quickly lose interest. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. Because managers generally interact with a large number of employees, they have a tremendous opportunity to influence office culture. So find a small idea. Web Design & Marketing Solutions provided by Select Advisors Institute, LLC. But is it really a commercial proposition? Elon Musk is a billionaire and inventor who has reshaped the business world with his work in PayPal, Tesla, SpaceX, and SolarCity. Musk has described his estranged father Errol as "evil.". Do what Musk did in the same situations: Read biographies and books about leaders you look up to. And the commitment to bettering ones self in conjunction with honing leadership skills, and embracing a mission we put ourselves in a position to be great leaders. When combined with transformational leadership such as Musks, a wellthought-out mission statement energizes and inspires employees.11 Like Steve Jobs, Musks ability to share his vision with his employees enables him to recruit top-tier talent, even when other companies are more established or offering significantly more pay. Change his score to a 100 % favorite topics in a personalized feed while you on. Before they will be Remembered in Business History its competitive edge can we not only quantify things... Largely from the unusual amount of independence he experienced as a bad idea performance as a bad idea someone has... 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