Delegation of work and interactions with employees can help boost employee morale. The notion of everybody being equally responsible for the spectacular success of an idea made manifest is absurd. "I feel like I'm 10 times smarter now than when I first joined," a different senior-level employee added. In this point, his two quotations are very popular. Elon musk has developed the most innovative companies in the world like PayPal, SpaceX, and tesla motors. 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. Tips for Running a Successful Fulfilled by Amazon Business, sites.psu.edu/leadership/2015/03/26/elon-musk-transformational-leadership-in-action/, leaderonomics.com/leadership/leadership-qualities-elon-musk, inc.com/lisa-calhoun/elon-musks-top-4-entrepreneurial-traits.html, rightmanagement.com.mx/wps/wcm/connect/right-us-en/home/thoughtwire/categories/career-work/5-leadership-lessons-from-elon-musk. Hone your entrepreneur skills and build your ideal founding team that will help you rapidly grow and achieve venture success. 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. 2. But conscious leaders take the opposite route. 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 . Elon Musk is skilled at problem-solving issues that arise on the completion of any tasks. Hence, it has resorted to Power Wall, Solar Roof and PowerPack and moved his vision into renewability for homeowners and business. In 2018, Wired released an expos about the cutthroat work environment at Tesla. Use world-first predictive analytics to get a deep understanding of team dynamics, potential talent and blind spots to address. This leadership style can be challenging when leaders don't have much more experience or knowledge than their team members, and haven't developed strong coaching skills to back them up. The unique way he thinks about challenges is what allows him to do this. During this eight week program Coach Marlee will help you to develop a genuine appreciation for experimentation and data and a willingness to empower the opinions, feedback and insights from within your team and others in your life. Why do you want to live? Elon Musk Leadership Style: 7 Effective Habits He Can Teach You. 2). Elon Musk has always been remembered as a transformational autocratic leader. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. In many ways, hes exhilarating and motivating. In 2020, there were 59 million freelancers. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to.. Support teams and their leaders to freely express themselves, understand each other better and enjoy collaborating. Answer (1 of 6): It's safe to assume that NOTHING truly revolutionary on earth has EVER been accomplished by democracy. Subscribe to weekly insights & inspiration: Oops! Instead of referencing what others have done in the past to solve a particular issue, he gets curious about the universal truths behind the problem. Would you want that? He also described himself to the interviewer as a nano-manager. A former employee backed up this sentiment in a Business Insider article, explaining his Tesla management style was one that showed control freak tendencies. When theyre being upheld, the true character of an organization has the opportunity to show its humanity.. But Musk might want to root out people who don't support him. How to Wage War Against Implicit Bias in the Workplace? This button displays the currently selected search type. But, with numerous successful companies on his resume and a reputation for developing some of the most groundbreaking products and technologies on the market today, hes definitely a leader worth examiningbut not necessarily emulating. He sets up his employees for success. It includes four tactics: Vision: he showed this strategy by replacing fossil fuels by green energy and discovering space on Mars. The SpaceX and Tesla CEO is an autocratic leader in . If that doesnt keep him busy enough, hes also founded lesser-known companies like Neuralink (a neurotechnology company) and The Boring Company (focused on infrastructure and tunnels for transportation). Elon Musk, (born June 28, 1971, Pretoria, South Africa), South African-born American entrepreneur who cofounded the electronic-payment firm PayPal and formed SpaceX, maker of launch vehicles and spacecraft. An autocratic leader relies on their own decisions. Schedule out reasonable completion dates for all work. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony . Autocratic leadership tends to get a bad name and often seems to be confused with having high expectations, as discussed above, which makes it difficult to find good examples of successful autocratic leaders that aren't dictators. "He's highly intelligent. 2 African Journal of Emerging Issues (AJOEI). If you are trying to find some autocratic leadership examples, you can actually find it in many renowned leaders. (Odumeru and Ogbonna, 2013). Participative Leadership 4. 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). But his style on set is very directive. Find out more about becoming an expert at problem solving. To be the Best Source of Business Strategy & Analysis. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. Musk is a mastermind and thus discerns that, it values him while he pays attention to what his critics, customers, observers, and followers have articulated. Companies are required to do so ahead of broad layoffs. Vroom's theory can also emphasise this in being successful by having the right type of access to machinery and tools." This leadership styles strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. Around Christmas 2008, he almost lost Tesla and SpaceX at the same time. 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. But "it's ridiculous to do so," she said, because some workers even those accustomed to late nights and endless hours of coding will eventually leave for a job with better work-life balance. Transactional Leadership 5. Tesla's Elon Musk recently demonstrated such awareness by pledging to . They help their employees in every field they need to excel in. Efficient recruitment and talent acquisition, remote hiring, resolve team conflict, improve leadership, culture mapping. They both inspire and grab attention. . LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. 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. Create a safe environment to fail by destigmatizing the shame that comes with failure. A dogmatic and controversial leader, Elon Musk is one of the most influential CEOs and entrepreneurs in the world today. VIDEO 01:02. Youre encouraged to behave like a little gear in a complex machine. Therefore, Elon Musk used both the leadership styles that include the transformational and transactional styles (Odumeru and Ogbonna, 2013). He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. 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. Sign up for notifications from Insider! His vision is attractive, simple, understandable, & beneficial. He gave workers until 5:00 p.m. to decide whether to quit or stay and work long hours at high intensity. Meanwhile, large corporations such as CBS suspended their Twitter accounts because of the tumultuous takeover and the uncertainty of its future. International Review of Management and Business Research, (2). Even though Musk followed the autocratic leadership style his employees still felt inspired by his way. Learn more about how to overcome the fear of failure. Mr. Musk himself recommends three simple steps in order to solve different problems. Nevertheless, Musk isnt a ruthless, task-oriented dictatorhes obsessed with delivering excellent results. (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. He was also a man with a wonderful vision. Articulating a powerful vision is one of his leadership skill that also made him a successful leader. . Autocratic leaders want sole authority in their companies and rule with an iron fist, while transactional leaders can be cold and daunting because they view work as a business transaction. The organisation practises a certain level of centralisation, and this can be disadvantageous because, with everything controlled at the centre, there can be unresolved issues in the regional offices. Explore, develop or strengthen your emotional intelligence (EQ). 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." While Nixon was a complex leader and person many of his major. There is full disclosure of his goals. Cadigan said Twitter under Musk seemed to lack psychological safety and trust, which Cadigan called "the ingredients of high performance." Today, insights show that there are 70.4 million freelancersabout 36% of the total Do you know someone who will go to any lengths necessary to get what they want, often scheming and manipulating Taxes for sole proprietorships include federal and state income taxes and self-employment taxes. In a recent Forbes.com interview, Jenn Lim, CEO of Delivering Happiness and author of Beyond Happiness: How Authentic Leaders Prioritize Purpose for Growth and Impact, told me that Musk is treating people like collateral damage instead of human beings, forgetting basic human decency in the way hes handling the layoffs. [Online] Yourbusiness.azcentral.com. Even those who have stayed are likely to remain distracted. Subscribing indicates your consent to our Terms & Conditions and Privacy Policy. Followers execute. During Covid these leaders put aside titles and office politics and put on their empathy hats, knowing what was at stake in how theyre impacting livelihoods. He always strives for excellence and does not set on mediocrity. He always uses his time by thinking of new ideas. Musk earns the trust of his followers by being predictable and reliable, even in situations that are in uncertain. Its something Musk himself alluded to in an interview with The Wallstreet Journal stating: I have OCD on product-related issues. Transformational vs Transactional Leadership Theories: Evidence in Literature. Inspire yourself and others to see and achieve grand visions and goals. Many former and current employees admit that working for Musk is rigorous and demanding, yet many point to it as a formative experience in their careers. From his inspirational TED talks, he quoted that As a leader, you teach others how to treat your brand by how you treat your brand. Its not hard to think of well-known, visionary leaders of the past few decades. Tesla CEO Elon Musk just unveiled a cheaper Model 3. He has a quest for continuous improvement, and hence he has to correlate his employee's productivity with their satisfaction levels directly. Moreover, having innovation within the competitive environment where the companies like Apple Inc. and Microsoft operates, it is very complex to be on the top of the list. Ive always felt like my job was to take these ideas and turn them into company goals, to make them achievable., While Musk sets a high bar, he also recognizes that his team needs a high degree of psychological safety in order to pursue those stretch goals. 1. 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. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla. "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. His plan will take eight years to build at a cost of about $10 billion. 1st ed. Also, employees are happy and energetic in their roles then they are going to bring success to the company. Elon Musk is a South African born Canadian-American business magnate who was born June 28, 1971. This leadership style is effective in work environments where team members feel stagnant and are craving more support and development. 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. Elon Musk is no stranger to failure. Find out more about the way he leads and how to replicate his best leadership qualities. Boost your career skills that will help you thrive and stay ahead of the game in the demanding Future of Work. Starting a business can feel like a whirlwind. Here are the ingredients top leaders say are needed to remedy the havoc in a post-pandemic workplace: Still, many ill-informed leaders will identify with Musks reckless tactics and follow in his footsteps. Trusting the employee with responsibility is another trick he has up his sleeve. There is technological excellence, and this gives Tesla a competitive edge. Secondly, he breaks down the problem into its fundamental principles. A good example of the visionary management style would be Elon Musk, CEO of SpaceX and Tesla Motors. Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. Bill Gates adopted an autocratic leadership style in the early years of Microsoft to ensure the company grew at the pace that he had . Make sure you understand the fundamental principles, i.e., the trunk and big branches before you get into the leaves/details or there is nothing for them to hang on to. Finally, once he identifies and breaks down the problems or assumptions, he begins to create new innovative solutions from scratch. But even so, being too bold can result in bad leadership. He has a unique way of thinking about problems. In a TED conversation with Chris Anderson, he states he looks at problems from a different perspective than most people. There was only one decision-maker at Tesla, and its Elon Musk, the anonymous insider said. 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. Elon Musk doesn't always follow one leadership style. 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And controversial leader, elon Musk, CEO of SpaceX and Tesla CEO is an autocratic leader,... June 28, 1971 problem-solving, planning, and hence he has quest! The opportunity to show its humanity well-known, visionary leaders of the visionary Management style would be Musk!, sites.psu.edu/leadership/2015/03/26/elon-musk-transformational-leadership-in-action/, leaderonomics.com/leadership/leadership-qualities-elon-musk, inc.com/lisa-calhoun/elon-musks-top-4-entrepreneurial-traits.html, rightmanagement.com.mx/wps/wcm/connect/right-us-en/home/thoughtwire/categories/career-work/5-leadership-lessons-from-elon-musk & beneficial he leads and how replicate... Leader elon musk autocratic leadership style the interviewer as a transformational autocratic leader PayPal, SpaceX, the electric car manufacturer Tesla completion any..., Analysis, problem-solving, planning, and strategy execution renowned leaders insider said an. 'M 10 times smarter now than when I first joined, '' a different senior-level employee added Analysis. And breaks down the problems or assumptions, he breaks down the problems assumptions... Hence he has to correlate his employee 's productivity with their satisfaction levels directly Best Source of Business strategy Analysis! Given more significant opportunities to the interviewer as a transformational autocratic leader in for Running a successful leader to its! Gear in a TED conversation with Chris Anderson, he begins to create innovative. Complex machine even those who have stayed are likely to remain distracted behave like little. Uses his time by thinking of new ideas any tasks Musk might want to root out people who n't..., simple, understandable, & beneficial the employees by incorporating new techniques and strategies increase! Access to machinery and tools. Effective in work environments where team members feel and... That arise on the completion of any tasks his employees still felt inspired his. Youre encouraged to behave like a little gear in a complex machine uncertainty of its future as... The organisation 's value the problems or assumptions, he states he looks at problems from a different perspective most! Intelligence ( EQ ) at Tesla, and strategy execution complex machine who was born June 28, 1971 problems! Recently demonstrated such awareness by pledging to show its humanity he showed this strategy by replacing fuels... That comes with failure resorted to Power Wall, Solar Roof and PowerPack and moved his vision into renewability homeowners!