Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times, Stayed True to His Triple 'Win' Strategy to Build a $1 Billion Business, the 10 Most Difficult Conversations to Have in the Workplace. 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. Behavioral theories are crucial in understanding the conduct of . Ask yourself questions such as, How would I rate my leadership in the past 2-3months?, What could I have done better? and What can I do in future in order to perform at a higher level?. This kind of thinking makes many companies mediocre. . So find a smallidea. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. All rights reserved. As a child, Musk had a passion for science fiction books and movies. 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. 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. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. He's quite possibly a genius. The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. Elon Musk is a honest person/executive, the world we live has a great lack of honesty. 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. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). Elon Musk. 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. Access your favorite topics in a personalized feed while you're on the go. As a child, Musk became interested in computer programming and taught himself to code. How often are you distracted? Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. In fact, there was a time during Tesla's infancy where a specific problem needed solving, so Musk would sleep under his desk and work 75-hour weeks until that problem was solved. Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. 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 (2021, April 7). I believe that he really cares about contributing to society and bringing the human race forward to a better tomorrow.After all, this is the man who allowed other automobile manufacturers to freely make use of Teslas valuable battery technology. Musk is the. Visiting Professor of Management Practice, Bayes Business School, City, University of London. 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. Conclusion. It's natural to feel afraid when faced with new challenges, but understanding the danger of complacency can help employees overcome the fear and trepidation around failure. Later, he said, advice I would give is to not blindly follow trends. Errol Musk was once tried and acquitted of manslaughter. 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: All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. Management at many different companies underestimate the importance of developing a mission statement. Or Elon Musk announcing his company's latest innovation in automobile production. The basic aim of the study is to find out to what extent the patterns of leadership tactics match with Musk's leadership in Tesla motors. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. SpaceX almost went bankrupt. His leadership style is transformational and transactional, aimed at attaining results. Jun 21, 2022 Throughout his career, he has made decisions and moves that align with this vision and help take him closer to achieving them. Now look at Tesla: it's a booming giant that's changing the automotive world. 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. 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. Stay laser focused and don't procrastinate. 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. Because "no" meant nothing. Also check out our Top 15 Elon Musk Quotes about Leadership. Sign up for notifications from Insider! After a closer look, researcher Michael Porter discovered a shockingly dismal success rate when companies acquire other firms outside of their original scope.14. How can you and your organization make a positive difference in the world? However you feel about Elon Musk, some things are irrefutable: Hes extremely successful, is endlessly innovative and acts as a case study for creative leadership. Explore the amazing adventurehe wishes to take us all upon. When considering his moral reasoning, it is important to look at the type of products he designs and creates. Creates and turns vision into business realities. Wow, you scrolled all the way to the bottom! Bill Gates. 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. 6 Authentic Ways to Inspire Other People When Youre Not Great With Words. 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). Fear is an emotion that keeps us from doing things that can help us achieve our goals. 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). Today, Musks hard-earned lesson to remain optimistic enables him to see a bright future in industries doomed by his critics to failure. 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. 2. This event makes him a charismatic leader. And can we not only quantify those things that make Musk so successful, but also begin to embody themin our own lives? It turns into a mission or game, and we find ourselves enjoying what we're doing. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Work Ethic => Your Goals It's safe to say that most people want to be successful, but among this group there are some who want it more. Heres part 1. 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. This article is published by the editors of Leaderonomics.com with the consent of the guest author. If being willful, and opinionated, yet adaptable are key traits to great leaders. Related: When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? Do you stand firm in defence of your vision? 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. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. . Adib Ibne Yousuf Follow Having cofounded and sold PayPal, he quickly moved on to launching a range of ventures with world-changing aspirations for how we generate . According to published work by Walumba and associates (2008) as discussed by Northouse (2019), the four components of authentic leadership are self-awareness, internalized moral perspective, balanced processing, and relational transparency. Business Insights Blog. Qualities of a visionary leader. Find out why in this fantastic piece (also from Wait But Why). Confidence and independence. No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. 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. He displays authenticity on a personal, organizational, and global level. He is a true visionary who can see the road to the future. 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. Because "no" meant nothing. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. One employee said "If Elon was not happy, you knew it. Elon Musk Biography. Through his unique life circumstances, Musk has developed the important leadership qualities of being (1) a proactive learner, (2) a hard worker, (3) a bold visionary, and (4) an unwavering optimist, which still influence his success today. 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. He has been criticised and abused, both online and in real life and now 57.5% of more than 17.5 million Twitter users have voted for him to stand down as its CEO. 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. Why? 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). They push people out, spiral out of control, or end up underperforming dramatically. It is influential and powerful. 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Musk appears to have the giddy excitement of a schoolboy for the fields his companies drive forward. Elon Musk is inventive, intuitive, sociable, and adaptable. 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. Works on Ground Level. His contributions in the fields of aerospace and sustainable energy (among others!) However, Musk does it in a healthy, constructive way. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. What's the point of doing that? But can we describe why Musk is the way he is? He then takes each answer to the question and attempts to flesh it out in the best possible way. We'd, Thanks for all the support! 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. Musk is a longtime CEO who has never been afraid of risk. The social media platforms current position leads on to a third requirement for the new leader: imagination. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). Musk once said, If something is important enough, even if the odds are against you, you should still do it. In his teen years, Musk spent a significant amount of time pouring over religious and philosophical texts. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. Today, Musks 100-hour-work weeks lie at the core of his success. Opinions expressed are those of the author. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. Tesla Motors is a maker of electric cars. For better or worse, here are five things weve learned about leadership from Elon Musk. Demonstrates perseverance in the face of adversity and to overcoming obstacles. 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. . Question and challenge the status quo. According to some studies, it is believed that authentic leadership can be developed overtime (PSU WC, L. 12, 2021). In the process of launching hiscompany SpaceX, Musk would learn advanced levels of rocket science from his own personal study. Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. Many leaders share the mindset to "just get it done" or accept it's good enough even when it's not. : imagination social media platforms has contributed to the future no is a. 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