According to Elon Musk, If youre trying to create a company, its like baking a cake. Musk's leadership style is similar to that of Steve Jobs. 1. Tesla CEO and co-founder Elon Musk is a controversial figure. Study work that establishes a foundational understanding of the subject. It can be evaluated that the transformational leadership and transactional leadership executed by Elon musk both positively impact the performance of the employees and the organisation (Yauney, 2018). International Journal of Business, Management and Social Research, 6(2), pp.367-374. Elon Musk exemplifies the creative side of autocratic leadership. Elon Musk is a complex person, and his leadership style has its intricacies too. Our tools are trusted by teams like Canva to help improve: Subscribe to our newsletter for free access to the latest research and expert tips on Mental Health, Wellbeing, Leadership, Career Skills, Team Building & more! 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. From running an aerospace company that manufactures rockets and other spacecraft to disrupting the electric car market, it only makes sense that a core pillar of Musks approach involves out-of-the-box ideas. 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. 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. "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 first philosophy of leadership is creating a vision. 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). Elon Musk Leadership Style: 7 Effective Habits He Can Teach You. When you think about the defined leadership styles, Elon Musk's style is best defined as transformational. This button displays the currently selected search type. Vision: There is no doubt that Musk has a vision. This has made him a market leader. 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? If things are not failing, you are not innovating enough.. Elon Musk is skilled at problem-solving issues that arise on the completion of any tasks. 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. Even though the self-dubbed chief twit's path isn't clear to observers, Cadigan said Musk typically knows what he's doing. In this point, his two quotations are very popular. This reminds me of a quote I once heard, "Make a decision and then make it right.". He always strives for excellence and does not set on mediocrity. Trusting the employee with responsibility is another trick he has up his sleeve. . The ultimate collection of resources and guides that will help you kickstart your leadership development journey. He sets up his employees for success. As leaders make these tough decisions, its tempting to take the emotion out of it, Jenn Lim told me. If you have a skill or interest youre passionate about, starting a podcast isnt a bad idea. Steve Black, chief strategy officer of Topia, asserts that the fully in-office policy is a dangerous talent strategy for other companies to implement. Staff and team members have little opportunity to make suggestions, even if these are in the best interest of the team or organization. Big picture thinking is key in communication, leadership, decision making and situations where you need to get the gist of things quickly. Reed Hastings, the chief executive of Netflix, praised Mr. Musk at a New York Times DealBook conference late last month, calling him "the bravest, most creative person on the planet.". While some of his ideas are unattainable, he has the ability to get people excited about his ambitions, projects, and plans. 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.. This isn't good leadership practice. Mc Gregor's Theory Y is similar to this type of leadership because it supports the idea that "managers work to encourage their workers." There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. Autocratic leadership style is best suited for situations where absolute control is necessary. You can update your choices at any time in your settings. Yet his ability to be transparent, funny and personally engaged,. Strengthen your comfort and motivation to start conversations and initiate opportunities that can inspire hearts and minds in your team and in your life. Although his dominant style appears to be autocratic, it could also be said that his style is transformational. He's revolutionized entire industries with his focus on challenging the status quo. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates " incredible vision, dedication, and perseverance " as he strives to actualize his vision. Another word thats often used to describe Musk? . Twitter didn't respond immediately to a request for comment on Musk's shake-up when this story was originally published in November. Tesla CEO Elon Musk just unveiled a cheaper Model 3. His fast-acting nature offers some benefits in terms of business growth and innovation, but they can also serve as a point of frustration for his team. Watching his vision come to life is both inspirational and motivational. 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, The only way to move ahead is to work out the next action and then schedule a time to do it!, This program helped me kickstart my journey to wellbeing. 2. Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. You dont become a billionaire without a hefty dose of drive and ambition, and Musk is no exception. There are three basic leadership styles, they consist of: authoritarian, democratic, and laissez-faire. Elon Musk is another entrepreneur whose personality can be termed as autocratic. Elon Musk's leadership style is very unique. Researches on Science and Art in 21st Century Turkey. How to Wage War Against Implicit Bias in the Workplace? Its a mindset. Yet, while his unique personality and boundless creativity have led to incredible success for his. When expanded it provides a list of search options that will switch the search inputs to match the current selection. But his style on set is very directive. .. There is a function-based hierarchy, and there is centralisation as well as divisions. . "If you're technical talent, you're still going to be in demand if you're good," said Steve Cadigan, who runs Cadigan Talent Ventures and previously worked on mergers and acquisitions at Cisco. Communicate the purpose of changes with your team. A transformational leader inspires his employees. There is full disclosure of his goals throughout the organisation, and he makes his learning environment known. Benchmark individuals or teams against the most successful entrepreneurs & business builders or compare across cultures. For example, the Tesla management style is centered around meeting company goals. Working harder and for longer hours isnt always for the best. Autocratic management style. Needless to say, when you work under Elon Musk, you wont rely on existing procedures and a weve always done it this way attitude. 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. If we evaluate his leadership quality and style then we will see very least leader in the world can actually successfully run different Styles of business. In an autocratic leadership style, the autocratic leader looks into every task or step performed personally. The best example of his articulation a powerful vision can be given here: the state of California is investing in a $68 billion high-speed rail line between Los Angeles and San Francisco that will take three hours traveling 200 miles per hour. Tesla, being a manufacturing company, is not without its problems. 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. If you dont do your chores the company wont succeed No task is too menial Elon Musk. Famous Leader Example: Elon Musk, CEO of SpaceX and Tesla. A learning culture is implemented where change is embraced, and there is training to cover up the shortcomings of the employees. Schedule out reasonable completion dates for all work. Yet, as previously explained, there are a few behaviors youll want to avoid. 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. Elon Musk is considered one of the most influential leaders in the contemporary world. Dont dwell on the negatives. Tesla has been one of the most innovative companies in the world in recent times due to the operations that it has incorporated and came up with new products for the betterment of society. What inspires you? By clicking Sign up, you agree to receive marketing emails from Insider Autocratic Leadership Style Autocratic leadership is an extreme form of transactional leadership, where leaders have complete power over staff. Elon Musk's leadership style at Twitter isn't something to emulate, HR pros say. Ordering employees to work 84-hour weeks isn't illegal, said Ayesha Whyte, an HR executive and employment attorney at the Virginia law firm Dixon Whyte. Elon Musk doesnt hire just to fill in the positions in his company rather he hires the right person in the first time. And ultimately invested over $100 million into the electric car company. Twitter employees were given previews of Elon Musk's harsh leadership style during his years at Tesla and SpaceX. He says, I should not ask people to eat from the fruit bowl if I have not myself been willing to eat from the fruit bowl., We have many successful leaders in this world and, Leadership Qualities and Styles of Elon Musk, Being obsessed and being obsessive is the primary, Other Leadership Traits and Philosophy Elon Musk, Leadership Qualities, Skills and Style of Jack Ma Yun, Differentiated Marketing Strategy Definition, Explanation, Advantages, and Examples, Leadership Qualities, Skills and Style of Jack Ma, Best Calculators Reviewed Graphing, Scientific, and Financial, Leadership Qualities: Styles, Skills, and Traits of Warren Buffett, Everything You Need to Know About Content Authoring Tools for E-Learning, 3 Top Tips for Choosing Ambulance Only Insurance Cover, 4 Simple but Effective Techniques to Maximize Your Sales, The Advantages of Using Payday Loans for Wedding Expenses, Factors to consider while choosing a custom boxes seller online, Subsidized Loans and Unsubsidized Loans All You Need To Know. In this high impact nine week program Coach Marlee will help you to increase your self leadership and general wellbeing while also helping you to break through self sabotage, develop life long skills for emotional resilience and self-esteem. . Followers execute. Examples can comprise revolutionising cars and neuroscience. Sessions take just a few minutes and are 100% personalized to fit your unique traits and goals. Steve Jobs. Why Should You Shop for Home Insurance Even if You Arent Relocating? Musk continually encourages people to strive for better results. Instead of sitting around and philosophizing about how to change the world, they outline and execute a strategy that makes their vision a reality. Some of the famous ones will include Adolf Hitler, Vladimir Putin, Kim Jong-un, Elon Musk from Tesla, and even the previous president of United StatesDonald Trump. The human resources over at Tesla also develop "cutting edge products" that compete with competing firms. Elon Musk's tactics are diametrically opposed to what evidenced-based research findings and expert opinions recommend. But even so, being too bold can result in bad leadership. 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. Dr. Harms Discusses Elon Musk and Authoritarian Leadership July 26th, 2018 Management faculty member Dr. Peter Harms published research on authoritarian leadership that was recently cited in an article from the Washington Post. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony . He is the founder of Tesla Motors. 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