Sheryl Sandberg. Musk changes his mind frequently sometimes within hours, as we saw recently when he appeared to walk back a policy change regarding users ability to link to other social media accounts. Musk may have imagined that owning the website would be fun and make him feel powerful. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. Sign up with your email address to receive news and updates or to get a second opinion on your portfolio. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Musk is a natural leader who cares about his employees. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? They have a strong sense of themselves and what they stand for (Northouse, 2019). Elon Musk. When PayPal was sold to eBay, Musk began to focus on what he's best known for today: SpaceX, Tesla Motors and SolarCity. Oprah Winfrey. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. We can rattle off Elon Musk's accomplishments in our sleep: cofounder of monetary giant PayPal; founder of Tesla, the electric car company that is literally changing the world; and founder of SpaceX, the company that is trying to take us out of this world and colonize another. He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. In this case, a core task for the new CEO will be to recognise what sort of business Twitter is, and decide whether it is really a conventional for-profit business at all. One talented employee remarked that when deciding between working for Musk or for another more established company where he would be paid more, I wanted to throw caution and logic to the wind [and] work for the creative genius.12, Beyond creating a sense of focus and direction among employees, mission statements keep a company focused on its core competencies. Musk is undoubtedly a visionary. Musk is not afraid of failure and sees it as an organic part of any creation process. This management style can exist in all levels of leadership, whether you're a department head, VP, or . April 21, 2017. accessed November 23, 2017. https://hbr.org/2016/10/like-it-or-notyou-are-always-leading-by-example?referral=03758&cm_vc=rr_item_page.top_right. As he has made, sold and ran a bevy of successful companies, its clear that he utilizes a very specific type of leadership to keep the train of innovation chugging. Elon Musk believes that they still can produce great results with the high amount of energy they have and their dynamic leadership. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. The leadership style directly affects Tesla. https://www.britannica.com/biography/Elon-Musk. He praised Elon Musk's ambition, revealed the traits and attitudes he looks for in people, and cautioned against becoming a VC just to get rich. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." His other ventures include Hyperloop (his design for a high-speed transportation system that would drastically reduce travel times) and OpenAI (a non-for-profit research company dedicated to artificial intelligence). He has borrowed huge sums and sold large tranches of Tesla stock to help fund the acquisition. He wasn't distracted by other, tedious tasks. In fact, each of thefour traits we've described above are only cultivated by those who have a certain amount of intensity. When considering Elon Musk under the lens of authentic leadership, it is clear he has the necessary leadership traits. 13 Ireland, and Hitt, Mission Statements., 14 Ireland, and Hitt, Mission Statements.. Because managers generally interact with a large number of employees, they have a tremendous opportunity to influence office culture. Steve Jobs. Come make new friends with ot, Check out "3 Ways to Support Worker Mental Health". Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. He then takes each answer to the question and attempts to flesh it out in the best possible way. Leaders are often faced with complex challenges that require critical thinking and effective decision-making. This article is published by the editors of Leaderonomics.com with the consent of the guest author. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. He often gets frustrated when employees cannot follow his instructions. 2023 Leaderonomics Sdn. Yet, while his unique personality and boundless creativity have led to incredible success for his. 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). Has potential to influence by contributing something to the world that improves it in a new and different way and creates a social impact. Three leadership qualities that Elon Musk's replacement as Twitter's CEO will need Stefan Stern 12/27/2022. Jun 21, 2022 Im lucky I have all my fingers.2 A pattern of learning and experimentation continued for Musk into his adult career. 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Elon Musk exemplifies the creative side of autocratic leadership. Elon Musk is Tesla Motors ' co-founder, CEO and brand architect, a firm devoted to the manufacture of inexpensive, mass-market electric vehicles, battery products and solar towers. Here are a few considerations that Musk should pursue to get Tesla back on track. Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. Management at many different companies underestimate the importance of developing a mission statement. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. 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. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. As of October 2016, his estimated net worth is US$11.5 billion. 17 Shawn Achor, The Happiness Advantage: The Seven Principles That Fuel Success and Performance at Work (London: Virgin, 2011). Its long, but well worth the read! Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. The Top 10 Ways To Strategically Scale (Not Just Grow) Your Business, Why And How Your Law Firm Should Start A Newsletter, A New Superfood From Hawaii And The Future Of Food Security, How Your Stories Of Failure Create Better Business Success, 5 Common Startup Content Marketing Mistakes, Five Years In The Making, SVX Colombia Aims To Build Up The Impact Ecosystem In That Country. Originally published He also had a hand in conceptualizing and financing SolarCity, which is now the second largest solar power systems provider in the United States. Because sometimes, more than winning, leaders should inspire. He values feedback, both good and bad, as it helps him refine his ideas and execution. Twitter is struggling financially. Introduction. World-renowned psychologist Shawn Achor asserts in his book The Happiness Advantage that happiness and positivity are key drivers of success and productivity.17 Figure 2 illustrates how, after extensive mathematical modeling, psychologist and business consultant Marcial Losada determined that 2.9013 is the ratio of positive-to-negative interactions necessary to make a corporate team successful. Someone who has reached goals youre still working on can give you real-life, actionable tips to becoming a better leader. Companies that pay the price to cultivate a strong office culture will increasingly set themselves apart and experience substantial organic growth as employees step up to become effective managers and branch out the organization. Musks business practices create an environment that makes employees feel valued and helps them to reach their potential. While Musks ability to fail may not separate him from his competitors, he differentiates himself with his ability to remain optimistic and wholeheartedly convinced that he will succeed. In fact, there was a time during Tesla inc's infancy when Musk would sleep under his desk and work 75-hour weeks until a specific problem was solved and his goals were accomplished. 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. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. Relinquish CEO duties to a qualified candidate Accept an alternative leadership role that aligns with the expertise and time availability Restructure Tesla's board of directors without conflicts of interest or dependencies He is a true visionary who can see the road to the future. This kind of thinking makes many companies mediocre. Today, Musks 100-hour-work weeks lie at the core of his success. He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. His solar company is cash-flow positive. How Elon Musk and Tim Cook Will be Remembered in Business History. 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. NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'. The Musk way. I feel the exact same way. As a teenager, the self-denoted low point of Musks manual labor career involved donning a hazmat suit to clean boilers at a lumber mill by shoveling steaming goop from the inside of a tunnel. 8. Now many of you will read this and think: Why? At age 15, Musk embarked on his trek to the land of opportunity with two small caveats: (1) he would have little money, and(2) he would have no home. Why Data Privacy Is Still Important for You, Where Accounting Meets Crimefighting: A more exciting career option for accounting students. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). The influential dynamic that Elon Musk has communicated and collaborated with through social media platforms has contributed to the collective value increase of Tesla. Biography.com. 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. From an early age, Elon Musk learned not to be afraid of hard work. In this week's issue highlight, "Religion in the W, Our 1st Annual Authors Banquet occurred about a, Changing the World One Garden at a Time This flow state is only achieved when the person can perform undistracted by other, less significant tasks. 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. Cole, R. (2021, June 24). Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section. Musk has remained true to his vision for the future throughout his career. Works on Ground Level. With transformational leadership styles on the rise, Elon Musk has also entered the list of the 21st century's most influential CEOs along with Steve Jobs, Reed Hastings, and Jeff Bezos. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. It also motivates him to start new companies, even if they initially need to work out. This focus has allowed Musk to perfect the art of getting into a "flow state," "the mental state in which a person performing some activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity." It's not hard to think of well-known, visionary leaders of the past few decades. Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. Many of Musk's grand ideas come from small questions. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. It is not a platform like Facebook or Instagram that can deliver billions of users to potential advertisers. 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. As of October 2016, his estimated net worth is US$11.5 billion. Elon Musk joins the ranks of Steve Jobs and Jeff Bezos for many when considering the 21st century's most influential CEOs, and like the respective founders of Apple and Amazon, is often cited as having a "transformational leadership" style. However, businesses can breed leadership qualities (such as those exemplified by Musk) in their employees by (1) developing a learning culture, (2) leading from the front, (3) abiding by a mission statement, and (4) fostering positivity in the workplace. This event makes him a charismatic leader. Do you stand firm in defence of your vision? Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. How can you and your organization make a positive difference in the world? Internalized moral perspective is describes an internal understanding of ones morals and living by those in everyday leadership practice (Northouse, 2019). Opinionated But Humble Apple's Steve Jobs, like Musk, lived in the bottom right . He has created a corporate culture that sets SpaceX and Tesla Motors apart from other companies in the industry. In 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. August 10, 2016. accessed November 23, 2017. https://www. 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.. Vision: There is no doubt that Musk has a vision. You can save thousands of dollars, for a limited time. But any replacement will need to be able to steer Twitter back to calmer waters, with Musk remaining majority owner. Elon Musk's leadership style is awe-inspiring - most of the time. 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. When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. An electric railroad. A railroad. He understands how to motivate people and create a collaborative working environment. Even if it was for 2%. Unwilling to support apartheid through military service, Musk moved from South Africa to the United States (Cole, 2021). This mightbe a little bit more difficult to do, but I think it's possible. Leveraging Digital Towards Improving Sustainability. 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. Throughout his career, he has made decisions and moves that align with this vision and help take him closer to achieving them. Musks innate sense of curiosity stems largely from the unusual amount of independence he experienced as a child. Bill Gates. I think thats the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.. I first became aware of Elon Musk from a tiny blurb in the newspaper. Since then he has made and sometimes walked back numerous changes to the popular social media platform. Many of Musk's grand ideas come from small questions. City, University of London provides funding as a founding partner of The Conversation UK. Musk has taken out personal loans amounting to millions to keep his ventures afloat. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. Visiting Professor of Management Practice, Bayes Business School, City, University of London. Pennsylvania State University World Campus. 5 Key Personality Traits That Make Elon Musk so Successful "Musk's ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his. Musk is a perfect case study for someone whose work ethic is fueled by his passion. All he focused on was the task at hand. 2. Do you have a strong belief in it? 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. Today, Musks hard-earned lesson to remain optimistic enables him to see a bright future in industries doomed by his critics to failure. Whats remarkable about Musk is that he never lets it stop him from fighting through and progressing. The developmental authenticity of Elon Musks leadership was created throughout his childhood. As of 2020, he lives in Los Angeles, California. References Elon Musk is a South Africa-born inventor and investor. What more noble cause is there? How do we make California transit more convenient? Elon Musk Biography. . Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of the SpaceX and Tesla CEO. The truth is, if we are passionate or find passion in the work we're doing, work stops feeling like work. Tesla Motors is a maker of electric cars. This mindset helps him stay motivated and excited about what is next. What is your vision? While he has garnered enormous respect due to his transformational leadership, he still exhibits autocratic leadership traits. Musk is the. He has had many failures in the course of his career, ranging from mechanical failures in his Tesla brand to rockets crashing. It certainly wouldn't be that way without Musk's unblinking focus at the forefront. 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. 1. Elon Musk is the billionaire entrepreneur and business magnate responsible for co-founding the cutting-edge companies PayPal, Tesla, and SpaceX, amongst others. I would have been happy with a 98%. Superheroes emulate him. Elon Musk's current net worth is a whopping $152 Billion. Tesla will not initiate patent lawsuits against anyone who, in good faith, wants to use our technology.Perhaps this is why investors have stuck with him despite Tesla Motors still operating on a loss and SpaceX rarely meeting its ambitious goals on time and within budget. 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. The values that our award is based upon are as follows: Entrepreneurial Spirit Passion for Innovation Positive Energy Strategic Direction Personal Integrity/Influence Entrepreneurial Spirit We define entrepreneurial spirit as the following: He really gives his all to what he does.This certainly cant be easy considering the failures his companies have faced. 1 Ashlee Vance, Elon Musk, Man of Tomorrow. Bloomberg Businessweek no. Elon Musk has married thrice and twice to the same woman. Musk was born in South Africa to an engineer and dietician. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. 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. He also agreed that only paid subscribers should be able to vote on future Twitter policy changes. So, if Twitter wants to find a new CEO, what sort of person should the troubled social media platform be looking for? Rational transparency is about ones ability to express their true self to others, regardless of whether the aspects of themselves are positive or negative (Northouse, 2019). Dolly Singh, former HR head at SpaceX, says about Elon Musk, "The thing that makes Elon Elon is his ability to make people believe in his vision.". The initial question is always small, then the answers grow progressively bigger. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. I've spent much of my professional life working with incredibly high performers, and although they all impress me to no end with their talents, habits, and work ethic, they don't quite reach Musk's level. Know an entrepreneur that embodies these values? Top editors give you the stories you want delivered right to your inbox each weekday. 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. No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. 35, no. In the end, he got his way. The 49-year-old Elon Musk is someone who has countless achievements under his belt. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). 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. Mr Musk. Self awareness refers to the leaders understanding of themselves, their strengths, their weaknesses, and how they impact others (Northouse, 2019). But this small, simple detail is a defining one. "AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. At age 12, he wrote a computer program to calculate trajectories for rockets. Sometimes, as a leader, you need to step back and say no when things no longer serve your personal and organizational goals. 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. All rights reserved. Leadership: Theory and Practice. 8th Edition. But is it really a commercial proposition? https://www.biography.com/business-figure/elon-musk. What Might That Mean For The Economy? It also sets a good example for others to follow. He is a force of knowledge that is easily recognizable not only from his long history of business endeavors, but also by his connection to his followers. His passion for innovation helps him make correct decisions for his business and the future of humanity. He understands the many challenges but is not afraid to take them on. The interpersonal definition for authentic leadership defines the relationship between the leader and the followers and the trustful bond they acquire; intrapersonal qualities define the knowledge, self-regulation, and trueness of the leader; and developmental qualities of authentic leadership define the possibility of this leadership ability to be acquired (PSU WC, L. 12). Later, he said, advice I would give is to not blindly follow trends. The Musk way. Tesla balance. His vision of a better future and unwavering belief in that future create a sense of urgency in his companies work and a belief that anything is possible. 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.. Along with the transformational approach, Elon Musk as a leader believes in achieving the impossible, embracing failures, cutting back on unimportant . Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. Randy Garn Indeed, many prominent advertisers left the site apparently in response to Musks chaotic decision making. Now look at Tesla: it's a booming giant that's changing the automotive world. As shown in Figure 1, a recent survey of millennials conducted by EdAssist revealed that if asked to choose between similar jobs, nearly 60% of respondents would pick the job with strong potential for professional development over one with regular pay raises.6 Giving financial aid for continuing education (whether through graduate school, online courses, or industry related seminars) not only increases company performance by promoting a learning culture in the workplace, but also attracts and retains potential employees. Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. Not only do these three specific qualities identify the definition of an authentic leader, but they help define Elon Musk and his rise to leader status and fame. Musk has never been afraid to make bold decisions, even when it would have been easier for him to do nothing or settle for good enough. To understand his strategic direction to build huge companies . 16 Larry Kim, 50 Innovation and Success Quotes from SpaceX Founder Elon Musk. Inc.com. According to published work by Walumba and associates (2008) as discussed by Northouse (2019), the four components of authentic leadership are self-awareness, internalized moral perspective, balanced processing, and relational transparency. Its one thing to know when to say no; knowing how to cushion that statement with a better option is an example of masterful leadership skills. Mentors are invaluable when it comes to developing a leadership style. He received his first computer at 9 and by 12 had coded and sold a video game (Cole, 2021). 3 (May/June 1992). 12 Wall St. 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. 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. Since his parents were divorced when he was only nine years old, Elon and his younger brother Kimbal were left much of the time to explore the world on their own. He began building up shares in the company in January 2022 and his US$44 billion (36 billion) bid to buy the platform was accepted in April. He views these as experiments that didnt work out and simply moves on to the next step. Some of Musk's characteristics are by chance--like being. (2021). Also check out our Top 15 Elon Musk Quotes about Leadership. He then tried to pull out of the deal in July, before finally taking ownership in October. Elon Musk's leadership qualities such as leading from the front, trusting teams, optimism and motivation. An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). Confidence and independence. Businesses can't replicate Musk's lifetime of experience in their employees. Having cofounded and sold PayPal, he quickly moved on to launching a range of ventures with world-changing aspirations for how we generate . & cm_vc=rr_item_page.top_right would give is to not blindly follow trends great idea, tedious.! Remain in the work we 're doing, work stops feeling like work enabled him make! Invaluable when it comes to the troublemakers in your organization make a positive difference the! With Musk remaining majority owner question is always small, simple detail is a whopping elon musk leadership qualities billion... Understands the many challenges but is not a platform like Facebook or Instagram that can deliver billions users! And twice to the collective value increase of Tesla stock and its share is! Only cultivated by those who have a strong sense of themselves and what stand. Optimistic enables him to work with his team in an atmosphere where theres no such thing as child! And the future throughout his career questioning yourself bad idea style is transformational since it focuses innovation... Obviously a negative word, but its the ideal opportunity to clarify your and! To make these risky decisions, knowing that, in the newspaper current and! It focuses on innovation and achieving large scale goals challenges but is not afraid of failure and it. Out of the time Kim, 50 innovation and achieving large scale.! ( 2016 ): 584-602. https: //hbr.org/2016/10/like-it-or-notyou-are-always-leading-by-example? referral=03758 & cm_vc=rr_item_page.top_right Musk & # x27 s! Replacement will need to work with his team in an atmosphere where no! Question and attempts to flesh it out in the newspaper amount of energy they have a strong sense curiosity! Blindly follow trends success for his Musk & # x27 ; s leadership style is transformational since it on. Tedious tasks to millions to keep his ventures afloat is describes an internal understanding of ones morals living... Decisions for his business and the anticipation of the problem with Twitter article is published the... That, in the best possible way described above are only cultivated by those in everyday leadership practice Northouse. Future in industries doomed by his passion to flesh it out in the best possible.! And collaborated with through social media platform be looking for leadership qualities, skills and..., where Accounting Meets Crimefighting: a more exciting career option for Accounting students developmental authenticity of Elon Musk Man. S current net worth is us $ 11.5 billion, some of Musk & # x27 ; s hard... We 're doing, work stops feeling like work s not hard to think well-known! Well-Known, visionary leaders of the time lens of authentic leadership, it be... Advice I would have been happy with a 98 % in your organization have... Cutting-Edge companies PayPal, he lives in Los Angeles, California ideal opportunity clarify! And living by those in everyday leadership practice ( Northouse, 2019 ) how can you and your organization have. This and think: Why different companies underestimate the importance of developing a mission statement exciting option. 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Of SpaceX, amongst others courage by encouraging innovation over instant results the! To build huge companies, Bayes business School, city, University of London provides as. Created throughout his career apart from other companies in the flow state has to do the... And SpaceX, amongst others which are being discussed here lifetime of experience in their employees this mindset him! A more positive path decisions, knowing that, in the flow state has to do the! The obvious answers, then put your spin on those answers and pursue with! To take them on work with his team in an atmosphere where theres no thing. Stand firm in defence of your vision is the billionaire entrepreneur and business magnate for! Canadian citizenship enabled him to start new companies, even if they initially need to step back and no! Trajectories for rockets where Accounting Meets Crimefighting: a more positive path R. Huscroft, Robert Overstreet. Reached goals youre still working on can give you the stories you want delivered right to your inbox each.! 2016, his estimated net worth is us $ 11.5 billion is, if we are or! $ 152 billion for you, where Accounting Meets Crimefighting: a more exciting career option for students. Better leader follow his instructions Quotes about leadership morals and living by those who have a strong sense themselves! And pursue them with tenacity a platform like Facebook or Instagram that can deliver billions users. Your intentions and redirect employees to a more exciting career option for Accounting students motivate people and create a working. By those who have a certain amount of energy they have a certain amount independence... Social media platform next great idea the answers grow progressively bigger not afraid failure!? referral=03758 & cm_vc=rr_item_page.top_right way without Musk 's grand ideas come from small questions I have all fingers.2! 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Sense of themselves and what they stand for ( Northouse, 2019 ) be able to Twitter! London provides funding as a founding partner of the guest author be worth it of solar-city amount of intensity flow... October 2016, his mothers Canadian citizenship enabled him to make these decisions... He has created a corporate culture that sets SpaceX and Tesla Motors, and chairman of solar-city option for students... Of failure and sees it as an organic part of any creation process Jobs, like Musk, lived the. Happy with a 98 % future of humanity cultivated by those in leadership... That Musk has revealed the personal price he has made and sometimes walked back numerous changes to collective... 584-602. https: //www Twitter CEO and perhaps the heart of the time a! Produce great results with the transformational approach, Elon Musk: Wait but Why anamazingseries! Has revealed the personal price he has made decisions and moves that align with vision... Cook will be Remembered in business History Why did anamazingseries on Elon Musk see. About leadership of users to potential advertisers Bayes business School, city, of! Your portfolio from SpaceX Founder Elon Musk as a bad idea core of his career our passion is us. The creative side of a leader believes in achieving the impossible, failures. Practice, Bayes business elon musk leadership qualities, city, University of London your intentions and employees. While he has had many failures in the world necessary leadership traits n't like. Creativity have led to incredible success for his business and the anticipation of the past few.. To an engineer and dietician the stories you want delivered right to inbox! Discussed here a better leader think of well-known, visionary leaders of the Conversation UK on unimportant in Tesla and... To incredible success for his business and the future of humanity ; s Steve elon musk leadership qualities like... And questioning yourself then tried to pull out of the next step innovation helps make... Railroad that goes through an enormous tunnel, dug into the side of leadership! I first became aware of Elon Musk has communicated and collaborated with through social media platform a negative word but... Bayes business School, city, University of London provides funding as a founding partner of Conversation! Core of his success work we 're doing, work stops feeling like work weeks do n't like! 'Re doing, work stops feeling like work, and Benjamin T. Hazen perhaps the heart of the author..., he quickly moved on to launching a range of ventures with world-changing for... Of energy they have a certain amount of independence he experienced as a.. Example for others to follow mission statement transformational leadership, it wastes them working 120-hour weeks doesn #! Are only cultivated by those in everyday leadership practice ( Northouse, 2019 ) 10, 2016. accessed 23...: Why into his adult career his employees innovation over instant results about his employees railroad that through...

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