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. I've known too many people who attempt to bring a certain amount of intensity to their work and burn out, break down or go too far. This is arguably the first of two critical life events. Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. 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. More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . He then moved across the United States to California to pursue a PhD at Stanford; but after two days, he left the program to pursue becomingan entrepreneur. China's birth rate declines for first time in decades. Employees, colleagues, customers, and investors should feel energized being around a leader. Musk doesnt create and lead in a vacuum: Hes surrounded by employees, board members and stockholders who look to him to guide their next move. Superheroes emulate him. When considering his moral reasoning, it is important to look at the type of products he designs and creates. He creates hope for his consumers through positive visions of the future and his confidence in his products makes followers flock in his general direction (Northouse, 2019; Cole, 2021). He wasn't distracted by other, tedious tasks. Vision: There is no doubt that Musk has a vision. Is New Business Creation Still Setting Records? Musk is a perfect case study for someone whose work ethic is fueled by his passion. References Be obsessed and obsessive. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's found such success. Elon Musk is a true visionary using his entrepreneurial mindset, passion for innovation, personal integrity, empathy, and boldness to create an exceptional business. PSYCH 485 | Lesson 12: Authentic Leadership https://psu.instructure.com/courses/2137573/modules/items/32271438. That is why our content will always be free, and we would be forever grateful to those who help make that possible. Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. 4. How often does something small in scale pull your attention away, making you less productive and less effective? Musk would do well to start surfing, running, and/or meditating anything that helps him recharge and be present (and not rely on Ambien to get a good night's sleep). He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). The retail giant's tech wing also warned against sharing customer info with AI bots. 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. 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). Sign up with your email address to receive news and updates or to get a second opinion on your portfolio. Opinions expressed by Entrepreneur contributors are their own. His next venture was X.com, an online banking service he started in 1999. Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. It also motivates him to start new companies, even if they initially need to work out. Leveraging Digital Towards Improving Sustainability. Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. This flow state is only achieved when the person can perform undistracted by other, less significant tasks. He has created a corporate culture that sets SpaceX and Tesla Motors apart from other companies in the industry. Randy Garn is a passionate entrepreneur, speaker, and, This Founder Started a Wellness Brand in Her Kitchen , Employees Are 45 Minutes More Productive Each Week, 61 Books Elon Musk Thinks You Should Read, A German Scientist Predicted That a Person Named 'Elon' Would Lead Humans to Mars. How can you and your organization make a positive difference in the world? Learn More Every Day with This 2023 CES-Honored Knowledge App. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. Whether it was Paypal where he championed the idea of an online banking institution, or SpaceX which has become the first private company to successfully launch a rocket and dock at the International Space Station, or SolarCity which promotes the use of solar energy as a sustainable energy source, Musk is disrupting large industries by setting a new standard. Since then he has made and sometimes walked back numerous changes to the popular social media platform. From his 2014 USC Commencement to his 2017 Tesla Product Reveal, it seems like Musk stutters through every presentation. 2017 BluePointe Capital Management, LLC. A great leader must have a vision and it is not about just knowing where you are but also where you want to be. He has had many failures in the course of his career, ranging from mechanical failures in his Tesla brand to rockets crashing. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. His interpersonal qualities hold a lot of weight in Musks life as he is very active with new startup companies such as cryptocurrencies, Twitter, his appearance on SNL, and overall presence in news and tabloids connecting him to his followers. Top editors give you the stories you want delivered right to your inbox each weekday. He has become an inspiration for many young leaders in the world of business. He dreams about stuff that no one else would Musk has described his estranged father Errol as "evil.". Many do not have access to the resources needed to bring out their full leadership potential. Elon Musk is an American businessman. Biography.com. 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. Throughout his childhood, Musk was repeatedly bullied by many of his classmates, once even to the point where he had to be rushed to the hospital. Even if it was for 2%. 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. Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. This management style can exist in all levels of leadership, whether you're a department head, VP, or . As a young man, Musk discovered that he was keenly interested in a few fields that he thought would have an impact on the world: the internet; sustainable energy; space exploration, in particular the permanent extension of life beyond Earth; artificial intelligence; and reprogramming the human genetic code.. Jun 21, 2022 8th Edition. A strong leader needs to be resolute and persuasive, an innovative leader needs to be open to changing her mind. The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. Stay laser focused and don't procrastinate. Ever since then, I have kept abreast with great interest the news surrounding this man the media often dubs the real-life Tony Stark. Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. The leadership style directly affects Tesla. He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). But this small, simple detail is a defining one. He received his first computer at 9 and by 12 had coded and sold a video game (Cole, 2021). An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. We'd, Thanks for all the support! Weve recently launched theBluePointe Capital TechnologyEntrepreneur of the Year Awardto honor the brilliant creators who are changing society for the better. Visiting Professor of Management Practice, Bayes Business School, City, University of London. There's an anecdote Musk's first wife, Justine Wilson, tells of him from back in college when the two first met at Queens University. Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. Musk is highly charismatic with a positive outlook and optimism for a better future. Elon Musk is a honest person/executive, the world we live has a great lack of honesty. He is a true visionary who can see the road to the future. What can you do to set the standard in your industry? Inspiring leaders set the example for their employees through consistent hard work and adherence to the companys core values.7. 8 Simon Sinek. If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Because "no" meant nothing. Some of Musk's characteristics are by chance--like being. This kind of thinking makes many companies mediocre. So what are the most important characteristics of a good leader? Elon is of mostly English descent, along with Afrikaner (largely French Huguenot . I feel the same way. 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). It also sets a good example for others to follow. Biography.com Editors. Sheryl Sandberg. As a child, Musk had a passion for science fiction books and movies. He received a 98% on one of his tests. Shareholders in the car firm would probably like their hitherto successful CEO back full time. 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elon musk leadership qualities