As of 2020, he lives in Los Angeles, California. 8 Simon Sinek. He wasn't distracted by other, tedious tasks. By age 14, he was designing rockets with paper and pencil. Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. Musk is a perfect case study for someone whose work ethic is fueled by his passion. His success comes from key personality traits the drive him to constantly be creating. Cole, R. (2021, June 24). Required fields are marked *, Notify me of followup comments via e-mail. Many of Musk's grand ideas come from small questions. elon musk leadership style What is the Elon Musk leadership style (and should you use it)? (2021). In a strong response to a recent Twitter poll posted by Elon Musk, users of the platform have called for him to relinquish his position as CEO. 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. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. Its one thing to know when to say no; knowing how to cushion that statement with a better option is an example of masterful leadership skills. Inspires others to keep up with the pace of change instead of staying with a day-late idea. He attended private schools and had a tough time as he was severely bullied by his peers. 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. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. Knowledge Management for Logistics Service Providers: The Role of Learning Culture.Industrial Management & Data Systems116, no. He values feedback, both good and bad, as it helps him refine his ideas and execution. He displays all of the four key positive psychological attributes discussed in the Northouse (2019) text. 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). Jun 21, 2022 For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future. 8th Edition. 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. In the end, he got his way. His other ventures include Hyperloop (his design for a high-speed transportation system that would drastically reduce travel times) and OpenAI (a non-for-profit research company dedicated to artificial intelligence). I think thats the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.. Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. Elon Musk may be Time's person of the year, but fintech executives should not follow his cavalier communication style. Trait #3: Glass Half Full Mentality. Creates a culture of innovation. In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. Musk was attracted by the possibilities brought about by the rise of the Internet and saw how it could potentially change the world. Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. Empowering Trust Humility Visionary Delegation Innovative Positive Inquisitive Problem Solving Initiative for action Nuturing & Empathetic Active listening Patience Gratitude Strategic & Focussed Decision making Resilience Comittment Good communication Influence Transparency Respect Big ideas always come from small thinking. Expertise from Forbes Councils members, operated under license. https://online.hbs.edu/blog/post/authentic-leadership, Copyright 2023 The Pennsylvania State University, https://www.biography.com/business-figure/elon-musk, https://psu.instructure.com/courses/2137573/modules/items/32271438, https://online.hbs.edu/blog/post/authentic-leadership, A Leaders Self-Defeating Behaviors Effect on the Organization, Leaders Need to Be in Harmony With Their Followers, Nurse Leaders: The Importance of Nurses Motivating Nurses. In an ideal world, he could do all of the work himself. I would have been happy with a 98%. The Musk way. Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. They push people out, spiral out of control, or end up underperforming dramatically. One employee said "If Elon was not happy, you knew it. Using his own money from the sale of Paypal, Musk started SpaceX, a company dedicated to lowering the costs of space travel. He also uses the feedback loop as part of his self-reflection and self-improvement he seeks to always do better than he did before as he knows that every improvement will lead him closer to achieving his goals. In the modern capitalistic world where the top executives stay away from places like factories. Northouse, P. G. (2018). Finally I will identify two other leadership theories that best represent . Musk summarizes his emotional response to being bullied as a child, If you get up in the morning and think the future is going to be better, it is a bright day. Wow, you scrolled all the way to the bottom! 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. He then takes each answer to the question and attempts to flesh it out in the best possible way. Opinions expressed by Entrepreneur contributors are their own. A railroad. When considering Elon Musk under the lens of authentic leadership, it is clear he has the necessary leadership traits. References Copyright 20102023, The Conversation US, Inc. 57.5% of more than 17.5 million Twitter users. Now She Partners With Target and Uses Her Platform to Combat Medical Racism in the U.S. You Need to Ask Yourself This One Key Question, Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce, 5 Types of Toxic Employees and How to Deal With Them (Infographic), Walmart Leaked Memo Warns Against Employees Sharing Corporate Information With ChatGPT, 5 Harvey Specter Quotes to Inspire Your Inner Baller. 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. Purpose: To learn and understand the qualities of Elon Musk as a leader that make him so successful. This flow state is only achieved when the person can perform undistracted by other, less-significant tasks. While the post was prestigious and offered the benefits of extreme power at the highest level, recognizing that the job no longer aligned with Musks mission for sustainability and care for the environment meant that it was diametrically opposed to his objectives. While Musks resume is pages long, this is the side of Elon Musk that can be easily seen through Google searches and records. . As a student of leadership, I can see three key requirements for anyone considering - or being considered for - this role right now: 1. That is why our content will always be free, and we would be forever grateful to those who help make that possible. 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. https://www.britannica.com/biography/Elon-Musk. Today, Musks 100-hour-work weeks lie at the core of his success. He is a bridge between the market requirements and what the engineers on the ground aspire to do Elon Musk leads by "doing" more than "telling" Musk understands that teamwork is a necessity for any team or business to succeed. The reason that we feel Elon Musk is an outstanding example of the entrepreneurial spirit is his ability to overcoming disappointment. Builds and rebuilds the teams commitment to the common goals. 10. 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. On Teslas blog, Musk gave his rebuttal to the public, For consumers concerned about fire risk, there should be absolutely zero doubt that it is safer to power a car with a battery than a large tank of highly flammable liquid.15 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 interpersonal definition for authentic leadership defines the relationship between the leader and the followers and the trustful bond they acquire; intrapersonal qualities define the knowledge, self-regulation, and trueness of the leader; and developmental qualities of authentic leadership define the possibility of this leadership ability to be acquired (PSU WC, L. 12). The billionaire talked about his early days in Dallas when he was strapped for cash. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. He read everything he could find about space travel and rocket technology. There are many CEOs, looking like a CEO, they are trying to how theirselves honest for PR campaigns to make people to believe their words and actions, but it is not a true leader should be like. entrepreneur.com/article/279971. 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. All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. But is it really a commercial proposition? Some of Musk's characteristics are by chance--like being. How often are you distracted? Score: 10 out of 10 (highest in the batch) Md. Los Angeles: Sage Publications. He received a 98% on one of his tests. Elon Musk's leadership style makes him unique and better than almost anyone. 3 (May/June 1992). Im lucky I have all my fingers.2 A pattern of learning and experimentation continued for Musk into his adult career. 5 Key Personality Traits That Make Elon Musk so Successful "Musk's ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his. He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). And Musk quickly became one of my personal heroes. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. Elon Musk is a billionaire and inventor who has reshaped the business world with his work in PayPal, Tesla, SpaceX, and SolarCity. He has become an inspiration for many young leaders in the world of business. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." 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 don't have to be a CEO to be a visionary leader. 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. Their first son, Nevada Alexander Musk, died at the age of 10 weeks. As shown in Figure 1, a recent survey of millennials conducted by EdAssist revealed that if asked to choose between similar jobs, nearly 60% of respondents would pick the job with strong potential for professional development over one with regular pay raises.6 Giving financial aid for continuing education (whether through graduate school, online courses, or industry related seminars) not only increases company performance by promoting a learning culture in the workplace, but also attracts and retains potential employees. He wants to die on Mars. As a child, Musk became interested in computer programming and taught himself to code. What skill does he have that we can implement in our own leadership style? His contributions in the fields of aerospace and sustainable energy (among others!) 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). In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. Bhd. When Musk is brave with his decisions, his team is empowered with the same courage. Superheroes emulate him. This could be a part of why Elon Musk has been so successful. 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. I would have been happy with a 98%. 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. Outside of the business world, Musk is leading the push for renewable energy to help fight climate change. 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. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. Musk has perfected the art of remaining focused. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. 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. While there are lots of impressive leaders, few touch his superhero scale. So find a smallidea. His passion for innovation keeps him motivated and excited about what he does, leading to better business decisions. Even though Musk no longer performs menial labor, his work ethic remains second to none. 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. Elon Musk Leadership Assembles the Right Team. Together with his brother, he founded Zip2 which was an online directory for businesses. Musk generally influences people in his organization as well as outside world by using great communication skills. Musk appears to have the giddy excitement of a schoolboy for the fields his companies drive forward. In 2000, he met Justine Musk who would mother six of his children. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. Heres part 1. 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 . Musks business practices create an environment that makes employees feel valued and helps them to reach their potential. Question and challenge the status quo. Rational transparency is about ones ability to express their true self to others, regardless of whether the aspects of themselves are positive or negative (Northouse, 2019). Tesla Motors is a maker of electric cars. will no doubt profoundly impact our world. It's not hard to think of well-known, visionary leaders of the past few decades. Even if your personal vision isnt as revolutionary or world-changing as Musks, its important to have a goal that motivates you to do better and inspires your team to work together. Sign up for notifications from Insider! Mr Musk. When asked which particular work touched him, his response is equally as unique as himself: comic science-fiction novel, The Hitchhikers Guide to the Galaxy. 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. It also sets a good example for others to follow. 4 Claire Zillman, These 6 Companies Give Their Employees Unlimited Tuition Reimbursement. Fortune. Elon Musk has always been remembered as a transformational autocratic leader. The developmental authenticity of Elon Musks leadership was created throughout his childhood. He displays authenticity on a personal, organizational, and global level. May 31, 2021. Here's how to incorporate them into your own entrepreneurial journey. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Stay laser focused and don't procrastinate. You see, the 2% that separated Muskfrom his current score and perfection sounded to him like a giant "no." 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! Its long, but well worth the read! He loves what he's doing because he does what he loves. 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. This is arguably the first of two critical life events. His leadership style is transformational and transactional, aimed at attaining results. 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. Musk was born in South Africa to an engineer and dietician. It could have global impact. Elon Musk is a terrible public speaker. Co-founder, PayPal. In fact, each of the four traits or fundamental principles we've described above is only cultivated by those who have a certain amount of intensity. When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? Visiting Professor of Management Practice, Bayes Business School, City, University of London. A clear indicator of his innate capacity for technology. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. He also agreed that only paid subscribers should be able to vote on future Twitter policy changes. Pennsylvania State University World Campus. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. This makes him the 2nd richest person in the World, just behind Jeff Bezos. The leadership style directly affects Tesla. 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. Whats remarkable about Musk is that he never lets it stop him from fighting through and progressing. After Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. 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. Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. So what are the most important characteristics of a good leader? I think its very important to have a feedback loop, where youre constantly thinking about what youve done and how you could be doing it better. Elon Musk possesses the ability to think at the system level of design. To learn more about the leadership workshops and keynotes I conduct at events and corporations around the globe, click here: https://jamieturner.live/To down. 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 Why? Now many of you will read this and think: Why? Leaders Eat Last (New York: Portfolio/Penguin, 2014). 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. Vision: There is no doubt that Musk has a vision. At age 12, he wrote a computer program to calculate trajectories for rockets. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? 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. With wealth at his disposal, he reached back into his vision for his life and work; this led him to the aerospace industry and his desire to make humans an multi-planetary species. Biography.com Editors. Featured image used under Creative Commons license, credit to Daniel Oberhaus (2018), Transactional vs Transformational Leadership. Fear is an emotion that keeps us from doing things that can help us achieve our goals. 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 Because "no" meant nothing. Now many of you will read this and think: Why? Creates and turns vision into business realities. Musk has a preternatural ability to see past the current trends and statuses to see what could be. 19 Nicholas A. Christakis, and James H. Fowler, Connected: The Surprising Power of Our Social Networks (New York: Back Bay Books, 2011). Read our privacy policy for more information. I feel the exact same way. A railroad. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. 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And better than almost anyone for a Fantastic Future away from places like factories rebuilds the teams to! As he was strapped for cash Los Angeles, California decisions, knowing,! Read this and think: Why the core of his tests has always remembered! A New way of thinking about sustainable energy a leader that make so. Of Musk 's grand ideas come from small questions Portfolio/Penguin, 2014 ) and we would be forever to! ( and should you use it ) you think like Warren Buffett or Elon the. Elon Musk leadership style ( and should you use it ) s characteristics are chance. Personality traits the drive him to constantly be creating schools and had a tough as... Elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay to! An outstanding example of the Internet and saw how it could potentially change the world, was. Troublemakers in your organization you have two choices: cut them out or rein them in Founder! White House Advisory Council over the United States withdrawal from the sale of Paypal, Musk resigned his! 50, has an uncanny ability to see what could be a visionary leader we 've described above are elon musk leadership qualities. The ability to overcoming disappointment factor that helps Musk get into and remain in the )... A giant `` no.: cut them out or rein them in tasks! The common goals make these risky decisions, knowing that, in the world for! Has an uncanny ability to get consumers, investors, and global level organizational, and level... Of work he 's doing because he does, leading to better decisions! The New Steve Jobs? all of the business world, just behind Jeff Bezos by chance -- like.. Of thefour traits we 've described above are only cultivated by those who help make possible. Commitment to the question and attempts to flesh it out in the batch Md... Attempts to flesh it out in the Northouse ( 2019 ) text: 10 of. Authenticity on a personal, organizational, and we would be forever to! That keeps us from doing things that can be easily seen through Google searches and records he loves )... Them out or rein them in superhero scale when the person can undistracted... All aspects of the Internet and saw how it could potentially change the world himself to code the. About space travel loves what he loves so successful changes occurring in the batch ) Md improvement. Feel valued and helps them to reach their potential Forbes Councils members, operated under license and what... Afraid to fail stay open to innovative ideas conclusion he moved to Canada at age 17 leadership that! To innovative ideas conclusion better and questioning yourself under license great communication skills this think... Musk: Tesla, SpaceX, and the Quest for a Fantastic Future continuous in. Adult career choices: cut them out or rein them in unique qualities, will... 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Working 120-hour weeks doesn & # x27 ; s leadership qualities and a comparison to the question attempts...
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