If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. Some of Musk's characteristics are by chance--like being. Having cofounded and sold PayPal, he quickly moved on to launching a range of ventures with world-changing aspirations for how we generate . When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. . Think of your own work life and the way you go about your day-to-day tasks. Also check out our Top 15 Elon Musk Quotes about Leadership. 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. Sign up with your email address to receive news and updates or to get a second opinion on your portfolio. Musk once said, "I'd rather be optimistic and wrong, than pessimistic and right.". 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. Errol shot and killed . 2.1.3 Transformational Leadership in Action Musk's leadership behaviors coincide with each of Bennis and Nanus (1985) four strategies typically used by transformational leaders. Adib Ibne Yousuf Follow His financial decisions even resulted in him borrowing money to pay rent for a period of time.He has justified his unusual entrepreneurial moves saying, If I ask investors to put money in, then I feel morally I should put money in as well. Or as he has more colourfully puts it. Finally I will identify two other leadership theories that best represent . 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. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. SpaceX was an idea, a very risky idea, that was successful against all expectations, but Elon Musk inspired many with his great ideas and made everyone look beyond. But this small, simple detail is a defining one. To learn more about the leadership workshops and keynotes I conduct at events and corporations around the globe, click here: https://jamieturner.live/To down. He attended private schools and had a tough time as he was severely bullied by his peers. Elon Musk's leadership qualities such as leading from the front, trusting teams, optimism and motivation. Even if your personal vision isnt as revolutionary or world-changing as Musks, its important to have a goal that motivates you to do better and inspires your team to work together. Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. However, there's no denying that Elon Musk deserves a spot near the top of that list. A railroad. Big ideas always come from small thinking. That 100% meant enough to him that he put himself in a possibly awkward situation, speaking with his professor, and having the hard conversation that many people shy away from. What Elon Musk has . https://www.britannica.com/biography/Elon-Musk. When you lead like Musk, youre always pushing for something greater: We believe everyone could stand to be a little fearless and a little more curious when leading their teams to greatness. "What do you do when youre on your lunch break? With all said and done, most chief executive officers are only after bolstering bottom lines and keeping investors happy. References Outside of the business world, Musk is leading the push for renewable energy to help fight climate change. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's found such success. In his teen years, Musk spent a significant amount of time pouring over religious and philosophical texts. On Teslas blog, Musk gave his rebuttal to the public, For consumers concerned about fire risk, there should be absolutely zero doubt that it is safer to power a car with a battery than a large tank of highly flammable liquid.15 He is honest, hard-working, and a leader who has influenced many. Introduction. That openness allows him to work with his team in an atmosphere where theres no such thing as a bad idea. Instead, he cultivates a spirit of open-mindedness to encourage sharing and the anticipation of the next great idea. Elon Musk may be Time's person of the year, but fintech executives should not follow his cavalier communication style. Biography.com Editors. You don't have to be a CEO to be a visionary leader. Elon Musk Biography. What's the point of doing that? 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. As a student of leadership, I can see three key requirements for anyone considering - or being considered for - this role right now: 1. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. The Digital Global Supply Chain: The Growing Case for Blockchain Technology Expansion Within Global Supply Chain, Our new episode with BYU Professor and Marriott St, Tips on getting your great ideas published!! Adib Ibne Yousuf, MBA student of BUP. How many opportunities are lost because of our fear of asking? Fowler explains, I know that Im not just having an impact on my son, Im potentially having an impact on my sons best friends mother.19 Managers have the opportunity and responsibility to greatly impact office culture through consistent personal optimism. One course of action many successful companies have implemented to create a learning culture is to give financial assistance to its employees to further their education.4 Educational benefits are becoming increasingly important as more millennials enter the workplace. Heres part 1. Access your favorite topics in a personalized feed while you're on the go. He is not just focused on creating a product, he is in the business of creating products that are sustainable while still offering quality to consumers. Be obsessed and obsessive. Musk may have imagined that owning the website would be fun and make him feel powerful. Using his own money from the sale of Paypal, Musk started SpaceX, a company dedicated to lowering the costs of space travel. As a child, Musk became interested in computer programming and taught himself to code. Musk is not afraid of failure and sees it as an organic part of any creation process. It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. We live in a highly distracting world. Elon Musk is famously a workaholic - he boasts of working 120-hour weeks to keep production of the Tesla Model 3 on track - but since we met he seems to have been enjoying himself. Sheryl Sandberg. Why? The 49-year-old Elon Musk is someone who has countless achievements under his belt. In 2000, he met Justine Musk who would mother six of his children. Musk is a serial entrepreneur who has created and sold several successful companies. Builds and rebuilds the teams commitment to the common goals. Bill Gates. Here are a few considerations that Musk should pursue to get Tesla back on track. 1. Related: 61 Books Elon Musk Thinks You Should Read. After all, it was Musk himself who said, If you read a lot of books and talk to a lot of people, you can learn almost anything. A good leader is equal parts confident in their own skills and curious about what others have to offer. But can we describe why the SpaceX CEO is the way he is? In a strong response to a recent Twitter poll posted by Elon Musk, users of the platform have called for him to relinquish his position as CEO. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. Recognizes business imperative of anticipating and embracing changes occurring in the competitive environment through continuous improvement in all aspects of the business. He really gives his all to what he does.This certainly cant be easy considering the failures his companies have faced. In fact, each of the four traits or fundamental principles we've described above is only cultivated by those who have a certain amount of intensity. Fear is an emotion that keeps us from doing things that can help us achieve our goals. 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. Creates a culture of innovation. You must really like us. 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.. Demonstrates entrepreneurial maturity by building strategic alliances and surrounding him/herself with talented peopleindividuals, teams, the Board, and a range of advisers/allies to ensure success for all. Many people would consider Musk to be the most innovative entrepreneur of our time. 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. Along with the transformational approach, Elon Musk as a leader believes in achieving the impossible, embracing failures, cutting back on unimportant . Autodesk is a leader in providing design and . The novel led Musk to deduce that the only thing that makes sense is to strive for greater collective enlightenment.9 Musks vision of a better future for humanity is the driving power behind his success. Furthermore, Losada discovered that although teams just above the Losada Line arent hindered by negativity, teams that manage to reach a ratio of six-to-one positiveto-negative comments yield peak levels of performance.18. Researcher Fred David found that 59 percent of the Chief Executive Officers of Business Weeks top 1,000 firms run companies that do not havemissionstatements.13 Many of these firms go on to acquire companies out-of-line with the companys original core business or product areas. When considering his moral reasoning, it is important to look at the type of products he designs and creates. He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). Who would mother six of his children most chief executive officers are only cultivated by who! 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