When it comes to guiding a company, theres a lot that startup owners and executives can learn from Elon Musks leadership philosophy. Subscribing indicates your consent to our Terms & Conditions and Privacy Policy. Experts say Elon Musk's iron-fisted Twitter. Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. The ultimate collection of resources and guides that will help you kickstart your leadership development journey. Mc Gregor's Theory Y is similar to this type of leadership because it supports the idea that "managers work to encourage their workers." The thing that makes Elon Elon is his ability to make people believe in his vision, said Dolly Singh, the former HR head at SpaceX. He always used to say, Failure is an option here. Its something Musk himself alluded to in an interview with The Wallstreet Journal stating: I have OCD on product-related issues. Schedule out reasonable completion dates for all work. Musk is also said to have contagious enthusiasm and energy for his work, which means employees often share his commitment and passion for pursuing their next big idea or source of inspiration. VIDEO 01:02. Musk's leadership style is similar to that of Steve Jobs. The success of an organisation is dependent on the leader. Uysal, H., Aydemir, S. and Gen, E., 2017. He believes there's a better way to do everything, and he sets his sights on constant improvement. Elon Musk is the eldest child in the family with younger brother Kimbal and sister Tosca. Programs are designed by world-renowned coaches & delivered by our incredible (AI-powered) Coach Marlee. Failure is an option here, hes quoted as saying. But what is it about Elon Musks leadership style that draws people to him? Hannah L. Miller, MA, is the senior editor for Leaders Media. In each of his ventures, Musk has managed to mobile people to accept a new group identity and a new philosophy. Hire a project manager who coordinates with everyone on the team so work gets finished on time. Elon Musk exemplifies the creative side of autocratic leadership. Instead of sitting around and philosophizing about how to change the world, they outline and execute a strategy that makes their vision a reality. Here are two case studies of autocratic leadership styles. Watching his vision come to life is both inspirational and motivational. Explore, strengthen and stand by what you believe in at work and in life. 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It is not that easy to lead these multiple businesses in a parallel way. Elon Musks leadership style, transformational leadership, focuses on creating real positive change in the world. All of his qualities and traits cannot be described in words. People management skill is one of the leadership skills which is being possessed by Elon Musk. Article Contents 1. Tesla CEO Elon Musk just unveiled a cheaper Model 3. So, from the discussion above, it is clearly stated that how Elon Musk is so passionate for his work. Ordering employees to work 84-hour weeks isn't illegal, said Ayesha Whyte, an HR executive and employment attorney at the Virginia law firm Dixon Whyte. Internal Environmental factors Organizational culture: According to the case Elon Musk's leadership style and personality had a significant impact on Twitter's organizational culture. For example Elon Musk uses the autocratic leadership style labeling himself as a perfectionist and nano. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. For example, the Tesla management style is centered around meeting company goals. "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. Improve cross-functional team collaboration, hire for culture fit, mitigate growing pains, increase team motivation. His first philosophy of leadership is creating a vision. Elon Musk's leadership style at Twitter isn't something to emulate, HR pros say. Staff and team members have little opportunity to make suggestions, even if these are in the best interest of the team or organization. Everyone in Tesla is in an abusive relationship with Elon, a past executive told writer Charles Duhigg. Elon Musk quote: Patience is a virtue, and Im learning patience. Instead, he has an autocratic or transformational way of leadership. What could be the consequences of taking his style too far; whether Musk is the right person for Tesla, the electric car company during the times ahead, or does the company now require more of . You have to have all the ingredients in the right proportion. Moreover, he always insists that employees will lose their talent if they are being forced into something they are not. 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). When Elon says something, you have to pause and not blurt out, Well, thats impossible. You zip it, you think about it, and you find ways to get it done, said Gwynne Shotwell, the President and Chief Operating Officer of SpaceX. . you discover your natural leadership style and become a confident, inspiring leader. Tesla CEO and co-founder Elon Musk is a controversial figure. 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. Examples of Autocratic Leaders Many empire builders and leading figures throughout history have been autocratic leadersincluding Genghis Khan and Margaret Thatcher however, we'll provide two more recent examples of autocratic leadership: Richard Nixon and Elon Musk. However, the measure of how effective Tesla has been following a policy of empowerment and culture. So, like any leadership style, the Elon Musk leadership styleapproach comes with some distinct benefits and drawbacks. If its an assumption, get curious about why people formed this opinion. This isn't good leadership practice. Some characteristics, however, seem more consistent than others. Elon Musk's Leadership Style Free Essay. Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business. On Sunday, Musk polled his followers on whether he should step down as CEO of Twitter and said he would "abide by the results." Create a safe environment to fail by destigmatizing the shame that comes with failure. He inspires his employees in many ways. Therefore, in today's world, there needs to be for the employee to be "externally motivated. It can be evaluated ) that the transformational leadership and CNBC, 2017. For example, is there a particular boundary those in your industry say cant be crossed? Establish an action plan and monitor the success of your resolution. Hes known for being bold with an eye to the future. That means he can be a bit of a micromanageror even a nanomanager as Musk described himself in that same conversation with the Wall Street Journal. 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. "He's proven us wrong with everything he's done in business.". Suppose one were to explore the idea of a transformational leader further. (Uysal, Aydemir and Gen, 2017) This can be seen by Tesla and its management as they provide the technological advances to equip their employee with the best. Warren Buffett. We have many successful leaders in this world and Elon Musk is one of them. His vision is attractive, simple, understandable, & beneficial. Employees spend an average of two and a half hours each day communicating, according to research. Starting a business can feel like a whirlwind. (Odumeru and Ogbonna, 2013). International Journal of Business, Management and Social Research, 6(2), pp.367-374. 1. Elon Musk's leadership style is a mix of challenges, growth, vision innovation, and more. However, warning flags are flying, and changes in leadership approaches are needed for Tesla to excel. An autocratic leadership style resembles the traditional military command-and-control approach. Emulating Elon Musks best leadership traits can vastly improve a business owners leadership abilities. . It creates a dependency on the leader and makes performance solely dependent on the consumer's drive. He has an uncanny ability to think of solutions. Says Dolly Singh, former HR head at SpaceX: "The thing that makes Elon Elon is his ability to make people believe in his vision.". Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. 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. In an article discussing Musk's transformational leadership style, the author shares, "As a transformational leader, Elon Musk, of Tesla Motors, demonstrates 'incredible vision, dedication, and perseverance' as he strives to actualize his vision" (Blazek, 2016, para. . Erratic. Enjoy weekly cutting edge science backed wellbeing resources from Blisspot. He possesses this great skill and he also knows the path how to achieve the powerful vision. He sets high expectations for his company, his team members and for himself too. Musk made headlines this week when. 3. Our programs were designed by world-renowned coaches. Were breaking down five of the most important elements of the Elon Muskleadership style, as well as how those relate to different Fingerprint for Success motivations. Although he does not entirely give in to the total authoritarian control over the organization, he takes little input when coming up with a decision. Overall, Jeff Bezos' leadership style is one that puts the customer at the center of the business and encourages staff to take risks and come up with creative solutions. The idea of empowerment in its employees makes it easier to be more innovative. Trusting the employee with responsibility is another trick he has up his sleeve. Examples of transformational leaders include Elon Musk, Oprah Winfrey, and Jeff Bezos. Never could I have imagined an AI coach being this good - as if you're talking to a real human and how Marlee made me accountable to my goals. Elon Musks response to this project is a high-speed railway known as Hyperloop, which would transport passengers from Los Angeles to San Francisco in 30 minutes, that is 800 miles per hour. Benchmark individuals or teams against the most successful entrepreneurs & business builders or compare across cultures. Odumeru, J. and Ogbonna, I., 2013. "His actions are showing followership from the existing team isn't something he's seeking right now," Cadigan said, adding that Musk might be saying, "I need to do a full reset here because this is just not going the way I want" in terms of leadership and business strategy. Is this really true, or is it just something people think cant be done? Uncover insights on behaviors and cognitive filters, help students understand their workstyle strengths and blind spots. Another word thats often used to describe Musk? Stay curious and ask questions to gain more insight. And some of them seem happy to swing even harder than he does. I mean you just have to put in 80 to 100 hour weeks every week. Leaders, take note: If you're trying to get your people to stay loyal and engaged, you probably shouldn't copy Musk's playbook. Musk used both the leadership styles that include the transformational and transactional styles (Odumeru, and Ogbonna, 2013. He always strives for excellence and does not set on mediocrity. It is often widely referred to as the authoritarian leadership style. Musk earns the trust of his followers by being predictable and reliable, even in situations that are in uncertain. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony . 1. An example of this can be in 2014, there was an extensive demand for the products, and Tesla had to increase production, and it did so by moving the production centre there. The actions of bold leaders like Musk, who is slightly eccentric and extremely intelligent, can be hard to predict. Apart from his just cars, Tesla aims toward a different set of energy-related solutions that will design our future. Susan Walsh/AP Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour. [Online] Yourbusiness.azcentral.com. Yet, while his unique personality and boundless creativity have led to incredible success for his. The answer is simple: Musk set his sights on the nearly impossible. Select Accept to consent or Reject to decline non-essential cookies for this use. Tesla's Elon Musk recently demonstrated such awareness by pledging to . Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. I always see whats . Elon Musk is a business mogul, engineer and inventor, best known for founding and leading SpaceX (a company that aims to lower the costs of building rockets with the ultimate goal of multi-planetary colonization by humans) and Tesla Motors (a company that produces electric cars). Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. According to Elon Musk, If youre trying to create a company, its like baking a cake. There is full disclosure of his goals. Increase your comfort and use of abstract and strategic thinking to gain a broader perspective for yourself and your team. He builds rockets, disrupts the automotive industry, and has his sights set on colonizing Mars. Otherwise, its not., There have to be reasons that you get up in the morning and you want to live. He is so passionate about his work. Having exercised an autocratic leadership style at each of his various enterprises, including car manufacturer Tesla and space exploration agency SpaceX, he has regularly overseen prosperity and success. Musk has used the kind of oppressive leadership tactics that caused disruption in the post-pandemic workplacethe opposite of what experts call for to remedy workplace havoc and heal the mental health challenges that the pandemic caused. Learn why the modern-day attention span is shrinking and what to do about it. Followers execute. With such a long list of businesses and achievements under his belt, its no wonder that Elon Musks leadership style has become an area of interest and fascination. He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. In that case, this weakness in situational analysis can be a source of concern as not every situation can be the same and expected to have the same outcome. Tesla has been one of the most innovative companies in the world in recent times due to the operations that it has incorporated and came up with new products for the betterment of society. . But his style on set is very directive. Explore, develop or strengthen your emotional intelligence (EQ). Vroom's theory can also emphasise this in being successful by having the right type of access to machinery and tools." Uncertainty about who's in charge and who's on the chopping block probably doesn't help. Its not hard to think of well-known, visionary leaders of the past few decades. One bit of advice: it is important to view knowledge as sort of a semantic treemake sure you understand the fundamental principles, i.e. Tesla will lose $6,000 for . Risk mitigation is essential here as they increase productivity. Books, and then my parents. Kimbal Musk validated this point, describing in a Bloomberg article that his brother read two books a day on various disciplines as a teenager. Most Twitter employees would be able to get another job relatively easily. Elon Musk's leadership style is about constantly learning, breaking through barriers, and developing new ways to solve problems. Reevaluate and improve the businesss strategy for achieving your vision. To be the Best Source of Business Strategy & Analysis. He has the skill when doing the right thing for the sake of achieving success. Until May 2017, he has an estimated net worth of $15.2 billion which made him 80th richest person in the world. Experts on workplace leadership assert that so far Musks leadership style is headed in the wrong direction. In total, there are seven different ones: democratic leadership, autocratic leadership, transformational leadership, transactional leadership, laissez-faire leadership, charismatic leadership, and servant leadership. As a transformational leader, Elon Musk focuses on solving the worlds greatest problems. This helps him determine how to approach the issue and create an innovative solution. The information is not limited to the management, and there is an interconnectedness within the departments that paints a bigger picture than just a top-down approach. Musk showed how to be effective & being trustworthy among the followers in times of crisis. His fast-acting nature offers some benefits in terms of business growth and innovation, but they can also serve as a point of frustration for his team. Our expert coaches created the following plan to help. If things are not failing, you are not innovating enough.. Our post was a discussion on the Leadership Qualities, Skills, and Styles of Elon Musk. Whats the point? Leaders place a heavy emphasis on deliverables because, for the business to stay alive, grow, and fulfill Musks vision, team members must complete these objectives. Spend at least one day a week working on the companys business strategy. But even so, being too bold can result in bad leadership. Reflection and patience are core to consolidating learning, development, strategic thinking, recharging and authentic leadership. 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. Its just that I thought they were important enough to do anyway., Relevant F4S motivations: achievement, goal orientation, future, present. 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. 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. At the same time, Musk started ranking employees against one another. Transformation leadership is all about developing new ways to process the operations of the business. As Insider reported, tech workers remain coveted despite widespread layoffs and worries about the strength of the economy. Autocratic leadership. Black points out that most brands are not in the same category. Many leaders of this world do not get obsessed with their work. If you want others to love it, you have to love it. This has made him a market leader. What do you love about the future? Tesla CEO Elon Musk is a self-described "nano-manager," as he told The Wall Street Journal in 2015, but his leadership style comes at a high cost to his business. Elon Musk's tactics are diametrically opposed to what evidenced-based research findings and expert opinions recommend. Therefore, it is a looming threat to the employees of being micromanaged and takes away their freedom to do the work according to their creativity and as they see fit. The employees are kept up to date so they can exercise their productivity freely. 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. Available at: [Accessed 3 February 2021]. Elon Musk Leadership Assembles the Right Team. However, this is limited to his being and extends to challenging his employees on an intellectual level and setting an example via his actions. In our recent Adapt survey, we found that 65% of employees who are forced back into the office full-time say theyre more likely to look for a new job; 46% are attracted to jobs that focus on employee well-being, and 42% want the ability to work from home when they want. Nevertheless, Musk isnt a ruthless, task-oriented dictatorhes obsessed with delivering excellent results. Starting and kicking things off are the trademarks of great leaders. While Nixon was a complex leader and person many of his major. Jeff Bezos leads Amazon and Blue Origin, the space company that wants to take you to the moon. Now that you have a high-level overview of how Musk prefers to run his teams and companies, lets dig into the details. Elon Musk's leadership style is very unique. The Tesla CEO and the founder of SpaceX are creative examples of autocratic leadership. To say Musk is innovative would be an understatement. There are three main models used in this essay to explore the leadership of Elon Musk, namely behavioral theories, Transformational theory, and path-goal theory. Find out more about his most endearing leadership qualities and how to use them to your advantage below. Musk's leadership behaviors coincide with each of Bennis and Nanus' four strategies typically used by transformational leaders (1985, in Northouse, 2013). Elon Musk is known for his aggressive attitude towards successful innovation, which can be seen through his innovative products that he and his respective team have launched. Youll be expected to think bigand quickly turn those ideas into action. Elon Musk is a South African born Canadian-American business magnate who was born June 28, 1971. Imagine digging into challenging projects that impact lives in meaningful ways, showcasing your talents in a culture that honors inclusion, growth, and the autonomy to work the way you work best. Characteristics of Elon Musk's Leadership Style? But Musk might want to root out people who don't support him. If you have a skill or interest youre passionate about, starting a podcast isnt a bad idea. 2). Elon Musks leadership style is transformational since it focuses on innovation and achieving large scale goals. Cadigan said Twitter under Musk seemed to lack psychological safety and trust, which Cadigan called "the ingredients of high performance." Why do you want to live? He has the skill to monitor the problems and to identify a step by step solution. A dogmatic and controversial leader, Elon Musk is one of the most influential CEOs and entrepreneurs in the world today. Top editors give you the stories you want delivered right to your inbox each weekday. Set challenging objectives that help push the boundaries of what people can accomplish. If one was to consider Maslow's hierarchy, there is a certain level of motivation required for employees to succeed. However, theres no denying that Elon Musk deserves a spot near the top of that list. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. Action leads to clarity. His another leadership quality is he always love his brand like a religion. The Autocratic Leadership style can feel restrictive for today's workforce where an employee's perspective and work is considered valuable. Within moments, the energy of the building went from despair and defeat to a massive buzz of determination . He believes in personal transformation and hard work. Strengthen your comfort and motivation to start conversations and initiate opportunities that can inspire hearts and minds in your team and in your life. Elon Musk. [This] improves the odds of success. For example, Olsen et al. There are further divisions in this structure. He really gives his all hundred percent to what he does. Secondly, he breaks down the problem into its fundamental principles. (Manzoor, 2012), Tesla's organisational structure is a functional form. Theres a reason for that: Musk is a highly-inspiring leader. (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.
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