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. This event makes him a charismatic leader. Northouse, P. G. (2018). No is obviously a negative word, but its the ideal opportunity to clarify your intentions and redirect employees to a more positive path. Musk has a preternatural ability to see past the current trends and statuses to see what could be. He displays authenticity on a personal, organizational, and global level. Is New Business Creation Still Setting Records? Elon Musk has always been remembered as a transformational autocratic leader. Musk is not afraid of failure and sees it as an organic part of any creation process. Confidence and independence. The retail giant's tech wing also warned against sharing customer info with AI bots. Hes on a mission to save humanity. 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. Fortunately, his mothers Canadian citizenship enabled him to obtain a Canadian passport and a one-way flight to Montreal. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. How can you and your organization make a positive difference in the world? 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. He loves what he's doing because he does what he loves. Musks business practices create an environment that makes employees feel valued and helps them to reach their potential. He holds South . And Musk fits that bill perfectly. Management at many different companies underestimate the importance of developing a mission statement. It certainly wouldn't be that way without Musk's unblinking focus at the forefront. Mr Musk. Now look at Tesla: it's a booming giant that's changing the automotive world. Elon Musk is an American businessman. Watch this TED Talk interview with Elon Musk: Wait But Why did anamazingseries on Elon Musk. . This is a BETA experience. 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. For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. He was also a man with a wonderful vision. entrepreneur.com/article/279971. He has created a corporate culture that sets SpaceX and Tesla Motors apart from other companies in the industry. According to Harvard Business School, there are 5 traits of authentic leadership: commitment to bettering yourself, cultivating self-awareness, discipline, mission driven, and inspiring faith. elon musk leadership style What is the Elon Musk leadership style (and should you use it)? So find a smallidea. May 31, 2021. The ability to face facts. This focus has allowed Musk to perfect the art of getting into a "flow state," which is when "a person becomes fully immersed in an activity," per Very Well Mind. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. He believes that the future of humanity relies on our ability to make bold decisions and take big leaps. Leaders who are not afraid of taking a leap of faith in terms of creating a better world (Gavin, 2019). 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. It is integral to employ a team that operates in a cohesive and team- oriented fashion Team Leader/Leadership. 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 had a hand in conceptualizing and financing SolarCity, which is now the second largest solar power systems provider in the United States. From an early age, Elon Musk learned not to be afraid of hard work. 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. The truth is, if we are passionate - or find passion - in the work we're doing, work stops feeling like work. "AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. Many of Musk's grand ideas come from small questions. Question and challenge the status quo. And while it's important to prioritize work-life balance, the wealthiest people don't get wealthy by . What can you do to set the standard in your industry? Mentors are invaluable when it comes to developing a leadership style. He often gets frustrated when employees cannot follow his instructions. Sign up with your email address to receive news and updates or to get a second opinion on your portfolio. You can save thousands of dollars, for a limited time. He received his first computer at 9 and by 12 had coded and sold a video game (Cole, 2021). He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. 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. While most industries are still waking up to the realities of global warming and some are still ignoring it (how are climate change deniers still a thing? [3] It could be a good exercise to think of ways you can distill these traits as usable leadership skills. As of 2020, he lives in Los Angeles, California. I feel the exact same way. Why is Elon Musk so scared of Artificial Intelligence? Their first child was lost to Sudden Infant Death Syndrome (SIDS) (Cole, 2021), which was the second notable critical life event. 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. After a closer look, researcher Michael Porter discovered a shockingly dismal success rate when companies acquire other firms outside of their original scope.14. I'll talk about them here. 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. Elon was not born into success, not was he born in the spotlight he has acquired for himself today, but instead he spent years expanding and building his interpersonal, intrapersonal, and developmental capabilities so that he could be in the position of leadership and futuristic drive. Eighty-hour work weeks don't feel like work weeks, because our passion is fueling us. This makes him the 2nd richest person in the World, just behind Jeff Bezos. 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: In their book Connected, Nicholas Christakis and James Fowler conclude from years of research that our actions, attitudes, and behaviors not only influence those we act with directly, but also extend to people within three degrees. Cant think of someone who would be a great mentor? At age 12, he wrote a computer program to calculate trajectories for rockets. References He understands how to motivate people and create a collaborative working environment. 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 We'll be in your inbox every morning Monday-Saturday with all the days top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. Because sometimes, more than winning, leaders should inspire. Shareholders in the car firm would probably like their hitherto successful CEO back full time. In the end, he got his way. Chatham: Newstex, 2015. https://search-proquest-com.erl.lib.byu.edu/docview/1652311317?accountid=4488. Since youre here, wed like to ask you to consider donating to the maintenance and upkeep of our site, which as it turns out is pretty expensive. Superheroes emulate him. Having cofounded and sold PayPal, he quickly moved on to launching a range of ventures with world-changing aspirations for how we generate . We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. The social media platforms current position leads on to a third requirement for the new leader: imagination. The reason that we feel Elon Musk is an outstanding example of the entrepreneurial spirit is his ability to overcoming disappointment. Here are a few considerations that Musk should pursue to get Tesla back on track. He may rethink stepping down, or even appoint someone only to sack them. It turns into a mission or game, and we find ourselves enjoying what we're doing. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. This article is published by the editors of Leaderonomics.com with the consent of the guest author. Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. Los Angeles: Sage Publications. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. 8. A new Twitter CEO will want assurances that they will be free to take decisions about the direction of the business without being second-guessed by Musk as the majority owner. Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. An authentic leadership aims to make authenticity paramount. 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. When considering his moral reasoning, it is important to look at the type of products he designs and creates. SpaceX almost went bankrupt. That 100% meant enough to him that he put himself in a possibly awkward situation, speaking with his professor, and had the hard conversation that many people shy away from. Pennsylvania State University World Campus. By any measure, Elon Musk is exceptionally successful. All of his qualities and traits cannot be described in words. He read everything he could find about space travel and rocket technology. More specifically, this particular study will try to observe Elon Musk's leadership practices in Tesla motors . , for a limited time, or even appoint someone only to sack them to them., and Benjamin T. Hazen, researcher Michael Porter discovered a shockingly success. Of the next great idea space exploration and sustainable energy are invaluable when it comes to developing a style. 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