Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. At age 12, he wrote a computer program to calculate trajectories for rockets. 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. Otherwise, its not.16 For Musk, the only viable option was to hold on firmly to hope. 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 If [employees] work in an environment in which leadership tells the truth [and] in which layoffs are not the default in hard timesthe result, thanks to the increased levels of oxytocin and serotonin, is trust and cooperation.8 Leaders who think of their employees before themselves create a work environment that dramatically increases the teams effectiveness. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. All he focused on was the task at hand. Musk was born in South Africa to an engineer and dietician. He loves what he's doing because he does what he loves. Elon Musk's leadership qualities such as leading from the front, trusting teams, optimism and motivation. And SolarCity specialises in powering homes, businesses and eventually cities with solar power.Through the many successes and many more failures of these companies, we are able to see the traits that make Musk such a good leader. He wasn't distracted by other, tedious tasks. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. 1. ChatGPT vs. Bard: A Modern Day David and Goliath Story. Has potential to influence by contributing something to the world that improves it in a new and different way and creates a social impact. Leadership is not just a function of management as many perceive it; it is also work and example. 4 Claire Zillman, These 6 Companies Give Their Employees Unlimited Tuition Reimbursement. Fortune. Creates a culture of innovation. A railroad. 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. I would have been happy with a 98%. How many opportunities are lost because of our fear of asking? Now many of you will read this and think: Why? 13 Ireland, and Hitt, Mission Statements., 14 Ireland, and Hitt, Mission Statements.. Has learned from disappointing experiences. Outside of the business world, Musk is leading the push for renewable energy to help fight climate change. Pennsylvania State University World Campus. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. 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. Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future. Fear is an emotion that keeps us from doing things that can help us achieve our goals. An electric railroad. August 10, 2016. accessed November 23, 2017. https://www. Score: 10 out of 10 (highest in the batch) Md. Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. By clicking Sign up, you agree to receive marketing emails from Insider The ability to face facts. Musk takes a scientific approach to building teams, one that is based upon an understanding of their behavior and talent, and he leads them through action. This event makes him a charismatic leader. Steve Jobs. What can you do to set the standard in your industry? China's birth rate declines for first time in decades. Although Elon Musk is a one-of-akind CEO, many of the leadership qualities vital to his success can be developed in managers throughout a company. Autodesk is a leader in providing design and . Leading From Front. Opinionated But Humble Apple's Steve Jobs, like Musk, lived in the bottom right . Elon Musk is a true visionary using his entrepreneurial mindset, passion for innovation, personal integrity, empathy, and boldness to create an exceptional business. Expertise from Forbes Councils members, operated under license. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. Why? He is the co-founder of PayPal, CEO and CTO of SpaceX, and CEO and product architect at Tesla Motors (Cole, 2021). The retail giant's tech wing also warned against sharing customer info with AI bots. 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. Related: When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? Elon Musk is a honest person/executive, the world we live has a great lack of honesty. So what are the most important characteristics of a good leader? At 17, he did not have the support of his parents and lived in poverty as a resident in Canada, 1989, while awaiting citizenship in the United States (Cole, 2021). Im lucky I have all my fingers.2 A pattern of learning and experimentation continued for Musk into his adult career. 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). Creates and turns vision into business realities. 8 Simon Sinek. His success comes from key personality traits the drive him to constantly be creating. Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. 1. This is arguably the first of two critical life events. Musk posted the poll himself and has since responded interesting to a suggestion that fake accounts might have skewed the results. He is a true visionary who can see the road to the future. The way Elon Musk leads his various companies takes the old adage of shooting for the moon so that even if you miss, youll end up among the stars, from sage wisdom to literal direction. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. (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. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. 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. When considering his moral reasoning, it is important to look at the type of products he designs and creates. References So, if Twitter wants to find a new CEO, what sort of person should the troubled social media platform be looking for? He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. Its been a tumultuous year for Twitter and Musk. Superheroes emulate him. His next venture was X.com, an online banking service he started in 1999. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. His passion for his work is so intense that it fuels late-night shifts, motivates 80-hour work weeks, and, as we talked about in the last section, sleeping under his desk. Be an Authentic Leader: Ma possesses a strong sense of character which helps him build loyalty and strong foundation on which his business Alibaba grows. The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. Elon Musk has always been remembered as a transformational autocratic leader. While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. And Musk quickly became one of my personal heroes. Authentic Leadership: What It Is & Why Its Important | HBS Online. 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. 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! I'll talk about them here. Even if it was for 2%. Here's how to incorporate them into your own entrepreneurial journey. I feel the exact same way. But this small, simple detail is a defining one. His passion for innovation helps him make correct decisions for his business and the future of humanity. 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. By S, As Millennials financial position has deteri, Up to 20% of hires leave within their first 45, Join Spencer and Grant as they talk to BYU student, In this past weekends Saturday Read, Hayden Low, This week on our issue highlight article, Melissa, Quantum Computing: Expanding Future Possibility, Study Abroad: The Key to Being a Top Hire, Dont Put All Your Eggs in One Basket: Diversify Your Supply Chain for Future Stabilit, Now Is The Time: How Business Leaders Can Better Address Mental Health, Have Nothing to Hide? He understands the many challenges but is not afraid to take them on. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). He values feedback, both good and bad, as it helps him refine his ideas and execution. The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. Business Insights Blog. Mission statements provide a sense of focus and direction among employees. Elon Musk is an American businessman. And Tesla Motors has remained unprofitable for more than a decade.But thanks to his unwavering belief in the long-term importance of these projects, investors and the general public have remained supportive. In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. 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.. 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). Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. Musks childhood problem with bullies played a large role in developing his optimistic tendencies. 4296: 7379, September 17, 2012, 74. http://web.a.ebscohost.com.erl.lib.byu.edu/ehost/detail/ detail?vid=0&sid=df621e06-0389-45e2-b57a-8dd06f53bd48%40sessionmgr4006&bdata=Jn NpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#AN=79961724&db=buh. 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. When considering Elon Musk under the lens of authentic leadership, it is clear he has the necessary leadership traits. Leveraging Digital Towards Improving Sustainability. Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. Los Angeles: Sage Publications. He believes that the future of humanity relies on our ability to make bold decisions and take big leaps. Be obsessed and obsessive. Although former employees sometimes describe him as autocratic and blunt to the point of offensive, they remain remarkably loyal.10 While employees may either revere or loathe the man for his methods, bright minds are consistently attracted to Musks leadership and populate his companies today. Leadership Qualities of Elon Musk and Learnings Oct. 20, 2018 6 likes 7,153 views Download Now Download to read offline Leadership & Management Business Leadership presentation prepared by Md. Why Data Privacy Is Still Important for You, Where Accounting Meets Crimefighting: A more exciting career option for accounting students. I believe Musk's ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his absolute focus. Mr Musk. 3. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. 12 Wall St. "AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. 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. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. Here are five leadership qualities that make Musk an exceptional leader. Nominate him or her for our award by visiting here. After lengthy development of a new model of his all-electric Tesla car, the vehicle burst into flames during a test run. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. 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. Musk has remained true to his vision for the future throughout his career. And while it's important to prioritize work-life balance, the wealthiest people don't get wealthy by . His integrity helps him make bold decisions that others may be unable to make. Because "no" meant nothing. 4. Elon Musk is a terrible public speaker. Read our privacy policy for more information. 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Is a honest person/executive, the only viable option was to hold on firmly to hope see the road the! Many ventures, Elon Musk, the only viable option was to hold on firmly to hope visionary. His vision for the future seen as a visionary business leader who advancing...
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