Later in 2013, he introduced Hyperloop transport concept, where people are hurdled through a tube, in a personal capsule, at the speed of over 750 mph. Elon Musk is considered one of the most influential leaders in the contemporary world. 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. He possesses this great skill and he also knows the path how to achieve the powerful vision. Its not hard to think of well-known, visionary leaders of the past few decades. Mc Gregor's Theory Y is similar to this type of leadership because it supports the idea that "managers work to encourage their workers." He was also a man with a wonderful vision. When he faces a familiar problem or challenge, he simply writes down his assumptions about them. Musk's leadership style is similar to that of Steve Jobs. Around Christmas 2008, he almost lost Tesla and SpaceX at the same time. Sign up for notifications from Insider! If a leader is taking a big organization in the wrong direction, people-in-the-know would flag him before he crashes and burns. Spend at least one day a week working on the companys business strategy. Oprah Winfrey. Elon Musk doesn't always follow one leadership style. Therefore, it is a looming threat to the employees of being micromanaged and takes away their freedom to do the work according to their creativity and as they see fit. Tesla CEO Elon Musk just unveiled a cheaper Model 3. There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. Prepare employees for failure by teaching them how to recover when it happens. Musk is such a confident leader that he invests his own money on his business projects. Jim Cantrell, SpaceX . Musk joins the ranks of changemakers like Steve Jobs (Apple), Reed Hastings (Netflix), Jeff Bezos (Amazon), and Brian Chesky (Airbnb). The Influence of Transactional Leadership Style and Work Culture on Work Performance Mediated by Work Motivation. If the future does not include being out there among the stars and being a multi-planet species, I find that incredibly depressing., Really, the only thing that makes sense is to strive for greater collective enlightenment., People work better when they know what the goal is and why. Being obsessed and being obsessive is the primary leadership quality that has made him a truly great leader. If you're trying to keep employees loyal and engaged, you probably shouldn't copy Musk's playbook. Steve Jobs quote: "Be a yardstick of quality. Their mindset is fixed on their own goals for the company. The information is not limited to the management, and there is an interconnectedness within the departments that paints a bigger picture than just a top-down approach. Schedule out reasonable completion dates for all work. Yet his ability to be transparent, funny and personally engaged,. He always looks for an innovative invention. A Look Inside the Innovators Life.. Delegative Leadership 6. . Quickly assess and identify the ideal candidates for your team based on job-fit and team culture when hiring talent. Elon Musk quote: The problem is that at a lot of big companies, process becomes a substitute for thinking. Even those who have stayed are likely to remain distracted. His first philosophy of leadership is creating a vision. In December 2016, according to Forbes, he was ranked 21st powerful people of the world. Autocratic leadership style is best suited for situations where absolute control is necessary. Elon Musk Leadership Style. Staff and team members have little opportunity to make suggestions, even if these are in the best interest of the team or organization. When you think about the defined leadership styles, Elon Musk's style is best defined as transformational. 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. Although he does not entirely give in to the total authoritarian control over the organization, he takes little input when coming up with a decision. When expanded it provides a list of search options that will switch the search inputs to match the current selection. This button displays the currently selected search type. Hone your entrepreneur skills and build your ideal founding team that will help you rapidly grow and achieve venture success. The leadership style directly affects Tesla. Elon Musk is the eldest child in the family with younger brother Kimbal and sister Tosca. For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and " nano-manager ." Musks grandiose view and ambitious goals can be intimidating, but awe-inspiring all the same.Most of us cant conceive these things working; he cant conceive it failing. Their ability to bounce back from setbacks sets a precedent for the employees who can hen motivate themselves. Indeed a futuristic vision works . They both inspire and grab attention. This leadership styles strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. When it comes to common leadership styles in management theres no one-size-fits-all Effective leadership begins with identifying your strengths and then using the unique advantages of your style of leadership to drive growth within your . Elon Musk is a South African born Canadian-American business magnate who was born June 28, 1971. While some of his ideas are unattainable, he has the ability to get people excited about his ambitions, projects, and plans. Most of the leaders used to say to get their jobs done somehow or they used to say it is good enough even though their works are not being done properly. Develop a communication loop where the team gives one another feedback. Explore, develop or strengthen your emotional intelligence (EQ). With his focus on speed, innovation, and customer service, Jeff Bezos has been able to build a successful business that continues to challenge traditional industry players. [Online] Yourbusiness.azcentral.com. 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. Like Steve Jobs, he is highly respected and revered for his genius, but that doesnt change the fact hes still notoriously difficult to work with. Steve Jobs was demanding. (Manzoor, 2012), Tesla's organisational structure is a functional form. If a motorist were driving the wrong way on a one-way street, pedestrians would flag him down. It also taught me courage to believe in my beliefs, and that it is not about success or failure, but that we give it a go, a try, Marlee helped me build deeper levels of self-esteem and how I valued myself vis-a-vis the greater world. as well as other partner offers and accept our. Recognize and acknowledge people for all of their hard work. Here are the ingredients top leaders say are needed to remedy the havoc in. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. Black points out that most brands are not in the same category. He believes in personal transformation and hard work. Elon Musk Leadership Style: 7 Effective Habits He Can Teach You. Action leads to clarity. The company's chief people and diversity officer Dalana Brand resigned in November. Article Contents 1. Were breaking down five of the most important elements of the Elon Muskleadership style, as well as how those relate to different Fingerprint for Success motivations. Elon Musk's leadership style at Twitter isn't something to emulate, HR pros say. At first, he identifies and defines the assumptions. Trust in your gut feel and point of view is especially helpful for influencing and leading others, impactful communication and for living an authentic and meaningful life. If things are not failing, you are not innovating enough., Elon Musk quote: Work like hell. The employees are kept up to date so they can exercise their productivity freely. You can even write a manual on how to handle failure at your company. . He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla. Everyone in Tesla is in an abusive relationship with Elon, a past executive told writer Charles Duhigg. Therefore, Elon musk follows the transactional leadership style that helps him achieve short-term goals. Starting and kicking things off are the trademarks of great leaders. Elon Musk quote: Patience is a virtue, and Im learning patience. The idea of empowerment in its employees makes it easier to be more innovative. When discussing his childhood, Elon Musk tells Rolling Stone, I was raised by books. These issues create toxic workplaces, contribute to low employee retention rates, and sink budgets due to constant turnover. 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. This type of leader is action-oriented. Yet he is getting massive profits from his projects. Top editors give you the stories you want delivered right to your inbox each weekday. The transactional leadership style is used several times by Elon Musk due to the aggressive approach he follows to imbibe innovation within the company's operations (Chaudhry and Javed, 2012). As Insider reported, tech workers remain coveted despite widespread layoffs and worries about the strength of the economy. And if the action was incorrect, then you'll have feedback to quickly adjust. At the heart of Musks businesses is hard work that achieves a meaningful purpose. 1. If things are not failing, you are not innovating enough.. Feedback helps find solutions What people think about you and your company plays a vital role in its success ratio. Gavin . He is so passionate about his work. Once this is complete, venture out into various subcategories to obtain more knowledge about this interest. Many of Musk's actions are just about the opposite of what human-resources professionals would advise leaders to do after an acquisition or perhaps anytime. Stay curious and ask questions to gain more insight. Ibrahim, A. and Daniel, C., 2019. Leaders who utilize the authoritarian style of leadership give orders, are involved in most if not all decisions, and expect absolute adherence to their directives. Bureaucratic Leadership 7. Twitter and Tesla have been strong, well-known brands. One bit of advice: it is important to view knowledge as sort of a semantic treemake sure you understand the fundamental principles, i.e. But his style on set is very directive. International Review of Management and Business Research, (2). Odumeru, J. and Ogbonna, I., 2013. If you find yourself leading this way, I'd suggest you consider how your style is impacting the morale of your team. The employees working in the organisation are directed to achieve the goals at the priority in return for some incentives and rewards. Disinterested in others assumptions, he asks questions until the root of the problem reveals itself. Period, said Jim Cantrell, the first engineer at SpaceX. Additionally, open up lines of communication around mistakes and discuss ways to improve. Of nearly 18 million respondents, 58% said yes, he should leave the position. 2023 Leaders.com - All rights reserved. Erratic. What follows are actions that experts say corporate leaders must take in 2023 to restore post-pandemic stability to the workplaceall of which Musk is taking in reverse. It is often widely referred to as the authoritarian leadership style. And, he expects each and every one of his team members to innovate alongside him. "You have to think 10 times more audacious than he does to be able to be successful.". 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., Relevant F4S motivations: alternatives, difference, evolution, future, indifference. I dont create companies for the sake of creating companies, but to get things done.. "There's no doubt engagement is taking a big hit right now," said Lars Schmidt, who runs the executive-search and advisory firm Amplify Talent. In many ways, hes exhilarating and motivating. It was not with the expectation of great success that I started Tesla or SpaceX. Find out more about becoming an expert at problem solving. "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. During his tenure, Iacocca was more famous than Elon Musk, Mark Zuckerberg or any current industry leader. An autocratic leadership style resembles the traditional military command-and-control approach. He is totally obsessed with his duty. When theyre being upheld, the true character of an organization has the opportunity to show its humanity.. Examples can comprise revolutionising cars and neuroscience. Get started for free with your personalized program now. Bill Gates. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. Develop a work culture that encourages work-life balance. He has slashed the workforce by half (and has asked some to come back), temporarily suspended some journalists from the platform, converted parts of the company's San Francisco headquarters to bedrooms, and is said to have told staff members to put in 84-hour weeks. Working harder and for longer hours isnt always for the best. Lee was everywhere, and his bold and versatile leadership style has been unmatched since . Duggan, t., 2018. Leadership directly affects the organisation's culture and directly affects efficiency and productivity in the workplace. Get to the core of the problem by using the 5 Whys method developed by Sakichi Toyoda, the founder of Toyota Industries. Jeff Bezos leads Amazon and Blue Origin, the space company that wants to take you to the moon. Elon Musks leadership style is transformational since it focuses on innovation and achieving large scale goals. Musk showed how to be effective & being trustworthy among the followers in times of crisis. 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. For example, is there a particular boundary those in your industry say cant be crossed? Interested in learning more about Elon Musk and his companies? Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. Elon Musk has put the company's workers through a great deal of pain and . There is a function-based hierarchy, and there is centralisation as well as divisions. Related: Why Leaders Should View Themselves as Servants Servant leaders care passionately about their employees' well-being. Its just that I thought they were important enough to do anyway., Relevant F4S motivations: achievement, goal orientation, future, present. His vision is attractive, simple, understandable, & beneficial. Trust Your Gut coaching program helped me build deeper levels of self-esteem and how I valued myself vis-a-vis the greater world. The same can be said about his other organizations. Elon Musk quote: Other advice I would give is to not blindly follow trends. Some characteristics, however, seem more consistent than others. Although his dominant style appears to be autocratic, it could also be said that his style is transformational. Here Musk is completely different. Elon Musk's tactics are diametrically opposed to what evidenced-based research findings and expert opinions recommend. Ultimately, a Tesla is doing it, so we can too strategy would be highly risky for most organizations., The best way for leaders to stay true to company culture when confronted with the kinds of tough decisions Elon Musk faces is to reverse making emotionless leadership decisions. Hes been said to sleep on a couch in the Tesla factory and work 80 to 90 hours each week (sometimes even more). So, how can business owners and executives implement the positive aspects of Elon Musk as a leader at Tesla, SpaceX, The Boring Company, and Neuralink? He's revolutionized entire industries with his focus on challenging the status quo. Boil things down to their fundamental truths and reason up from there . 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). "I wouldn't bet against him," Cadigan said. Autocratic leadership is a leadership style where the leader makes all the decisions without taking any inputs or suggestions from the group members. Elon musk has developed the most innovative companies in the world like PayPal, SpaceX, and tesla motors. The setting of objectives makes the goals easy to follow as a benchmark that can be measured against Stretch goals is essential for accomplishing them. Most Twitter employees would be able to get another job relatively easily. This type of bold leadership also leads to employees' empowerment and pushes their drive to do better. Like any other leader, his approach has its upsides and downsidesand theres plenty to be learned from the way he leads the charge for his employees and numerous companies, including the following lessons: Elon Musk is by no means a perfect leader, and really, theres no such thing. There needs to be an understanding between the employee and the employer on what is required. The unique way he thinks about challenges is what allows him to do this. Elon Musk is known for his aggressive attitude towards successful innovation, which can be seen through his innovative products that he and his respective team have launched. They are also adamant in risk management, and this is practised in their external and internal environment. Hire remotely with confidence, get insights to ideal questions to ask candidates, qualify candidates faster, match to ideal role fit. Awareness of your and others emotions is at the heart of influencing, reading people, impactful communication, deep relating and authentic connection at work and in life. As mentioned by the author CNBC (2017), Elon Musk aims to break the ice and involve innovation within its operations, which requires him to be more innovative and challenging. Musk is directly going against both of these factors by taking away all flexibility and forcing a minimum of 40-hours-per-week.. To follow this strategy, ask why and keep questioning the conclusions you reach until youve found the root cause of the issue. If things are not failing, you are not innovating enough., One of his leadership style that attracts more is he always say Lead by Example. Its something Musk himself alluded to in an interview with The Wallstreet Journal stating: I have OCD on product-related issues. 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. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. But if you just think and don't take action you'll never know what's the right move. (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. Starting a business can feel like a whirlwind. But what is it about Elon Musks leadership style that draws people to him? The autocratic management style is the polar opposite of the Democratic or Laissez-Faire leadership style. Musk made headlines this week when. Create a safe environment to fail by destigmatizing the shame that comes with failure. In the process, hes gained an almost cult-like following with almost seven times the entire population of New York City following his every word on Twitter. But he also prefers to work alone and don't . Elon Musk has his own leadership philosophy. Its not a recipe for happiness.. While Nixon was a complex leader and person many of his major. Twitter has already seen an exodus of talent and could face difficulty replacing critical roles (or at least some). In 2018, Wired released an expos about the cutthroat work environment at Tesla. Hannah L. Miller, MA, is the senior editor for Leaders Media. Boost your career skills that will help you thrive and stay ahead of the game in the demanding Future of Work. On Sunday, Musk polled his followers on whether he should step down as CEO of Twitter and said he would "abide by the results." Bill Gates adopted an autocratic leadership style in the early years of Microsoft to ensure the company grew at the pace that he had . Delegation of work and interactions with employees can help boost employee morale. Elon Musk's leadership style is about constantly learning, breaking through barriers, and developing new ways to solve problems. Elon Musk exemplifies the creative side of autocratic leadership. (Uysal, Aydemir and Gen, 2017), Communication is substantial when it comes to good leadership. Participative Leadership 4. People management skill is one of the leadership skills which is being possessed by Elon Musk. His another philosophy is being a social architect. Thanks so much Marlee, I miss you already", I found the importance of setting goals. 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). Some people aren't used to an environment where excellence is expected.". Here are the details of Steve Jobs' leadership style, as well as how those relate to the different work traits in Fingerprint for Success. Therefore, this can be analysed that Elon musk has a strong team and has innovative ideas that he executes through his transformational leadership style and sometimes the transactional leadership style. (2020), conducted a study to investigate how four leadership styles (unstable/autocratic, stable/autocratic, unstable/democratic, stable/democratic) is related to immediate trust in a leader through displaying, to participants, a . Keywords: Leadership, Elon Musk, United States LEADERSHIP . . Companies are required to do so ahead of broad layoffs. Elon Musk, the other name for Tesla motors, is considered a visionary leader who has the ability to see the future. "I feel like I'm 10 times smarter now than when I first joined," a different senior-level employee added. Now that you have a high-level overview of how Musk prefers to run his teams and companies, lets dig into the details. We have many successful leaders in this world and Elon Musk is one of them. wrong. However, the measure of how effective Tesla has been following a policy of empowerment and culture. He has the skill when doing the right thing for the sake of achieving success. Reflection and patience are core to consolidating learning, development, strategic thinking, recharging and authentic leadership. Opinions expressed by Forbes Contributors are their own. Is what youve written an assumption or a universal truth? Musk's leadership behaviors coincide with each of Bennis and Nanus' four strategies typically used by transformational leaders (1985, in Northouse, 2013). He sets high expectations for his company, his team members and for himself too. Learn how hes changing the landscape of manufacturing with the Tesla Gigafactory or check out this article next: Who is Elon Musk? If other people are putting in 40 hour work weeks and youre putting in 100 hour work weeks, even if youre doing the same thing, you know that you will achieve in four months what it takes them a year to achieve.. Also, employees are happy and energetic in their roles then they are going to bring success to the company. Learn why the modern-day attention span is shrinking and what to do about it. .. Experts on workplace leadership assert that so far Musks leadership style is headed in the wrong direction. Never could I have imagined an AI coach being this good - as if you're talking to a real human and how Marlee made me accountable to my goals. Chaos continued to erupt as hoards of employees exited from Twitter on November 17th after Elon Musks iron-fisted demands.

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