There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. Therein lies the danger, he cautions and warns organizations, Should these brands follow Musk's example, they will not be able to attract and retain enough top talent for a fully in-office mandate to be a valid strategy. In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. Characteristics of Elon Musk's Leadership Style? Leadership directly affects the organisation's culture and directly affects efficiency and productivity in the workplace. Benchmark individuals or teams against the most successful entrepreneurs & business builders or compare across cultures. Its a tough lesson., Relevant F4S motivations: activity, automatic, initiation. It can be evaluated that the transformational leadership and transactional leadership executed by Elon musk both positively impact the performance of the employees and the organisation (Yauney, 2018). .. Behavioral theories are crucial in understanding the conduct of . In a TED conversation with Chris Anderson, he states he looks at problems from a different perspective than most people. Access your favorite topics in a personalized feed while you're on the go. Autocratic Leadership 3. (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. A learning culture is implemented where change is embraced, and there is training to cover up the shortcomings of the employees. From running an aerospace company that manufactures rockets and other spacecraft to disrupting the electric car market, it only makes sense that a core pillar of Musks approach involves out-of-the-box ideas. "I wouldn't bet against him," Cadigan said. One bit of advice: it is important to view knowledge as sort of a semantic treemake sure you understand the fundamental principles, i.e. Moreover, having innovation within the competitive environment where the companies like Apple Inc. and Microsoft operates, it is very complex to be on the top of the list. Elon Musk Leadership Style: 7 Effective Habits He Can Teach You. Sheryl Sandberg. Recognize and acknowledge people for all of their hard work. Elon Musk Leadership Style. Additionally, open up lines of communication around mistakes and discuss ways to improve. Black points out that most brands are not in the same category. But he also prefers to work alone and don't . With his focus on speed, innovation, and customer service, Jeff Bezos has been able to build a successful business that continues to challenge traditional industry players. Steve Jobs quote: "Be a yardstick of quality. If the leader possesses special qualities and skills only then it would be possible to run multiple businesses in active way. However, this is limited to his being and extends to challenging his employees on an intellectual level and setting an example via his actions. Behind every accomplishment of galactic proportions, every tr. He is also the CEO of and Chief Product Architect of SpaceX, which is a space exploration company and then it became the first private company to launch a satellite into geosynchronous orbit. Elon Musk. Elon Musks one of the noted leadership quality is he is an innovative leader. Top editors give you the stories you want delivered right to your inbox each weekday. And if the action was incorrect, then you'll have feedback to quickly adjust. Autocratic Leadership Style Autocratic leadership is an extreme form of transactional leadership, where leaders have complete power over staff. Musk's leadership style is similar to that of Steve Jobs. This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a clear chain of command is necessary. 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. Earning trust during the work is another philosophy of Musk. His first philosophy of leadership is creating a vision. certain whether Twitter had informed the federal government. Therefore, in today's world, there needs to be for the employee to be "externally motivated. His first philosophy of leadership is creating a vision. Emulating Elon Musks best leadership traits can vastly improve a business owners leadership abilities. He has a reputation as being equal parts genius and workaholic, and employees are quick to admit that working for him is simultaneously challenging and rewarding. Autocratic leaders want sole authority in their companies and rule with an iron fist, while transactional leaders can be cold and daunting because they view work as a business transaction. The Influence of Transactional Leadership Style and Work Culture on Work Performance Mediated by Work Motivation. Youre encouraged to behave like a little gear in a complex machine. Lee was everywhere, and his bold and versatile leadership style has been unmatched since . 2. He has the skill of finding the talent by putting the employees in roles that are natural to their behavioral attributes. But conscious leaders take the opposite route. He gave workers until 5:00 p.m. to decide whether to quit or stay and work long hours at high intensity. Meanwhile, large corporations such as CBS suspended their Twitter accounts because of the tumultuous takeover and the uncertainty of its future. He believes there's a better way to do everything, and he sets his sights on constant improvement. They are then held accountable for their actions. But even so, being too bold can result in bad leadership. 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., Relevant F4S motivations: alternatives, difference, evolution, future, indifference. A Transformational . Would you want that? He also described himself to the interviewer as a nano-manager. A former employee backed up this sentiment in a Business Insider article, explaining his Tesla management style was one that showed control freak tendencies. Elon Musk is considered one of the most influential leaders in the contemporary world. At the same time, Musk started ranking employees against one another. For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and " nano-manager ." Thereby, his vision keeps expanding, and he needs his employees to do the same. Elon Musk's Leadership Style Free Essay. I always see whatswrong. Lims appraisal raises the question of what impact his inhumane actions will have on the already bruised mental health of employees. Autocratic management style. Without any announcement, he named himself Twitter's CEO on internal company profiles. Reverse engineer the outcomes of your potential solutions to make the best choice. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. Words, tone, and cues all affect relationships. There are three basic leadership styles, they consist of: authoritarian, democratic, and laissez-faire. There is full disclosure of his goals throughout the organisation, and he makes his learning environment known. International Journal of Business, Management and Social Research, 6(2), pp.367-374. Many of Musk's actions are just about the opposite of what human-resources professionals would advise leaders to do after an acquisition or perhaps anytime. If things are not failing, you are not innovating enough., One of his leadership style that attracts more is he always say Lead by Example. 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 . "If you're technical talent, you're still going to be in demand if you're good," said Steve Cadigan, who runs Cadigan Talent Ventures and previously worked on mergers and acquisitions at Cisco. Subscribe to weekly insights & inspiration: Oops! Hone your entrepreneur skills and build your ideal founding team that will help you rapidly grow and achieve venture success. . From handling customer service to marketing, entrepreneurs and leaders wear many hats. Back in the 1980s, after Harley-Davidson had staved off a total collapse, the company discovered it wasnt out of the 4 Ways to Apply Elon Musks LeadershipStyle, Autocratic and Transactional Leadership Traits, How to Implement Elon Musks Leadership Style, Avoid the Pitfalls of Elon Musks Leadership Style, How to Practice Effective InterpersonalCommunication, How to Build a Multi-Million Dollar Go-to-MarketStrategy, 10 Steps for Becoming a SuccessfulFreelancer, Machiavellianism Explained: Personality Traits + Dark TriadSigns, How to Pay Sole Proprietorship Taxes and Avoid IRSPenalties, Heres a Step by Step Guide on How to Start aPodcast, How to Grow Your Business: 12 Tips to Use When ScalingUp, 7 Organizational Management Styles to Practice atWork, Adults Are Distracted Every 47 Seconds: How to Increase AttentionSpan, The Destructive Nature of Toxic Productivity and How to OvercomeIt, We will not stop until every car on the road is electric., If you get up in the morning and think the future is going to be better, it is a bright day. Elon Musk quote: Other advice I would give is to not blindly follow trends. The tesla company has aimed to provide the most innovative products to its customers for which he uses the transformational leadership style which emphasises on innovation and development of the skills of the employees that helps the company to perform better and create a competitive environment for the rivals by bringing in innovation within the company (Yauney, 2018). . Steve Jobs. Understand clashing communication preferences and pinpoint potential friction areas in your team to help resolve conflict fast. Elon Musk is skilled at problem-solving issues that arise on the completion of any tasks. Steve Black, chief strategy officer of Topia, asserts that the fully in-office policy is a dangerous talent strategy for other companies to implement. Feedback helps find solutions What people think about you and your company plays a vital role in its success ratio. This leadership style is effective in work environments where team members feel stagnant and are craving more support and development. 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. Therefore, this can be analysed that Elon musk has a strong team and has innovative ideas that he executes through his transformational leadership style and sometimes the transactional leadership style. Elon Musk has his own leadership philosophy. The actions of bold leaders like Musk, who is slightly eccentric and extremely intelligent, can be hard to predict. Warren Buffett. This kind of mentality actually does not make those people great leaders. If things are not failing, you are not innovating enough.. 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. Instead, he has an autocratic or transformational way of leadership. Their ability to bounce back from setbacks sets a precedent for the employees who can hen motivate themselves. Elon Musk quote: The problem is that at a lot of big companies, process becomes a substitute for thinking. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. If you want others to love it, you have to love it. Ive always felt like my job was to take these ideas and turn them into company goals, to make them achievable., While Musk sets a high bar, he also recognizes that his team needs a high degree of psychological safety in order to pursue those stretch goals. Instead, he has an autocratic or transformational way of leadership. If you find yourself leading this way, I'd suggest you consider how your style is impacting the morale of your team. Instead of sitting around and philosophizing about how to change the world, they outline and execute a strategy that makes their vision a reality. (2020), conducted a study to investigate how four leadership styles (unstable/autocratic, stable/autocratic, unstable/democratic, stable/democratic) is related to immediate trust in a leader through displaying, to participants, a . There are various ways that Tesla keeps an eye on its workers and their required objectives. Tesla will lose $6,000 for . Whether its establishing a colony on Mars or eliminating traffic in major cities by creating underground hyperloops that travel at 600 miles per hour, he leads in a way that questions what humans are capable of achieving. as well as other partner offers and accept our. 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). Disinterested in others assumptions, he asks questions until the root of the problem reveals itself. Thereby, he has a competitive edge as there are very few barriers to entry in this industry. There is full disclosure of his goals. According to Elon Musk, If youre trying to create a company, its like baking a cake. When I see a car or a rocket or spacecraft, I only see whats wrong. There is a function-based hierarchy, and there is centralisation as well as divisions. He compares his duty as oxygen. Dr. Harms Discusses Elon Musk and Authoritarian Leadership July 26th, 2018 Management faculty member Dr. Peter Harms published research on authoritarian leadership that was recently cited in an article from the Washington Post. Show team members how to take ownership of mistakes and pivot away from setbacks. Find out more about the way he leads and how to replicate his best leadership qualities. They are also adamant in risk management, and this is practised in their external and internal environment. Steve Jobs was demanding. It also taught me courage to believe in my beliefs, and that it is not about success or failure, but that we give it a go, a try, Marlee helped me build deeper levels of self-esteem and how I valued myself vis-a-vis the greater world. Article Contents 1. If a motorist were driving the wrong way on a one-way street, pedestrians would flag him down. The author's leadership style relies heavily on trust presenting a contrasting characteristic of an autocratic style leader where little delegation is given to group members . He has also suggested that "they feel a part of a larger team and by reducing the noise and blockers in their work." Transformation leadership is all about developing new ways to process the operations of the business. Its a mindset. 2 African Journal of Emerging Issues (AJOEI). As a transformational leader, Elon Musk focuses on solving the worlds greatest problems. Many former and current employees admit that working for Musk is rigorous and demanding, yet many point to it as a formative experience in their careers. Erratic. Strengthen these for business success. You dont become a billionaire without a hefty dose of drive and ambition, and Musk is no exception. Why do you want to live? The notion of everybody being equally responsible for the spectacular success of an idea made manifest is absurd. . A good leader will align them to fit the employee and provide the necessary resources to fulfil those objectives. Only focus on work that progresses the organization closer to achieving its mission. Leaders, take note: If you're trying to get your people to stay loyal and engaged, you probably shouldn't copy Musk's playbook. Effective leadership begins with identifying your strengths and then using the unique advantages of your style of leadership to drive growth within your organization. For example, when Tesla struggled through various crises of financial difficulty, Musk continued to fund the company out of his own pocket. To follow this strategy, ask why and keep questioning the conclusions you reach until youve found the root cause of the issue. Shortly after Musk took the helm, some employees received instructions to work 12-hour shifts, seven days a week, without being told whether they would receive overtime pay or time off, CNBC reported. Were digging into the details of the leadership style of Elon Musk, and what you can learn from his groundbreaking career. Everything, and this is practised in their external and internal environment he he! 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Appraisal raises the question of what impact his inhumane actions will have on the completion of any.... Spectacular success of an idea made manifest is absurd continued to fund the out...