Earning trust during the work is another philosophy of Musk. Musk's reign at Twitter, which began when he took ownership of the platform in late October, has been chaotic. 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. There is no question that Elon Musk has a lot on his plate as the head of Tesla, SpaceX, Neuralink and The Boring Company. He has the skill when doing the right thing for the sake of achieving success. He also has the emotional intelligence to bring the best out of his team, and we can attribute all this to his vast success. Here are the details of Steve Jobs' leadership style, as well as how those relate to the different work traits in Fingerprint for Success. 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. Yet his ability to be transparent, funny and personally engaged,. Boost your career skills that will help you thrive and stay ahead of the game in the demanding Future of Work. 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. Elon Musk doesn't always follow one leadership style. Here are two case studies of autocratic leadership styles. "I wouldn't bet against him," Cadigan said. As Insider reported, tech workers remain coveted despite widespread layoffs and worries about the strength of the economy. A good example of the visionary management style would be Elon Musk, CEO of SpaceX and Tesla Motors. Learn how hes changing the landscape of manufacturing with the Tesla Gigafactory or check out this article next: Who is Elon Musk? Transactional Leadership 5. Hes known for being opinionated and occasionally even short-tempered, and has gone off on his fair share of rants on Twitter. Reverse engineer the outcomes of your potential solutions to make the best choice. Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. 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. Study work that establishes a foundational understanding of the subject. They both inspire and grab attention. Get started for free with personal (or team) coaching. Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. in a matter of not more than 5 seconds, she explained. For example, Olsen et al. Coach Marlee (your amazing AI-powered personal coach) will analyse your unique traits and goals to let you know which program to start with (and if there are any you should skip)!Your recommended programs include: Big picture thinking is the trademark of a great leader. This leadership styles strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. 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). He was also a man with a wonderful vision. Elon Musk. However, the measure of how effective Tesla has been following a policy of empowerment and culture. Secondly, he breaks down the problem into its fundamental principles. There is a function-based hierarchy, and there is centralisation as well as divisions. The notion of everybody being equally responsible for the spectacular success of an idea made manifest is absurd. Hes known for setting aggressiveand sometimes even seemingly impossiblegoals for his teams and employees. Musk's leadership behaviors coincide with each of Bennis and Nanus' four strategies typically used by transformational leaders (1985, in Northouse, 2013). And if the action was incorrect, then you'll have feedback to quickly adjust. Also, employees are happy and energetic in their roles then they are going to bring success to the company. Elon Musk does not have a democratic or aristocratic way of leadership. 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. When it comes to guiding a company, theres a lot that startup owners and executives can learn from Elon Musks leadership philosophy. Within moments, the energy of the building went from despair and defeat to a massive buzz of determination . 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. The unique way he thinks about challenges is what allows him to do this. Elon Musks leadership qualities are awe-inspiring but can also verge on being borderline toxic. 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. CNBC, 2017. He sets up his employees for success. Musk showed how to be effective & being trustworthy among the followers in times of crisis. While a person can show traits in all of the leadership styles, one leadership style is usually more dominant than the others. Its something Musk himself alluded to in an interview with The Wallstreet Journal stating: I have OCD on product-related issues. This is 90 percent of the solution, as hiring wrong can cost you so much." Elon Musk noted hiring the right people as his most important advice for up-and-coming leaders. 2. But he also prefers to work alone and don't . There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. Elon Musk, co-founder of Tesla, has emerged as a Twitter brawler with 22 million followers. He builds rockets, disrupts the automotive industry, and has his sights set on colonizing Mars. He sets high expectations for his company, his team members and for himself too. In short, transformational leaders dont wait for the world to changethey make a plan and motivate others to join them so they can achieve their vision. Youre encouraged to behave like a little gear in a complex machine. Hes been said to sleep on a couch in the Tesla factory and work 80 to 90 hours each week (sometimes even more). This is especially true when it comes to micromanaging employees and creating work environments that cause work anxiety and work burnout (for both leaders and team members). He always used to criticize the poor performance. Elon Musk mandating employees return to the office full-time is a dangerous talent strategy because it will likely lead to many employees leaving for more flexible jobs, Black said. His methods are applied by young businessmen who are eager to . However, warning flags are flying, and changes in leadership approaches are needed for Tesla to excel. 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. Create a safe environment to fail by destigmatizing the shame that comes with failure. Tesla CEO Elon Musk is a self-described "nano-manager," as he told The Wall Street Journal in 2015, but his leadership style comes at a high cost to his business. 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. He has gained wide popularity because of his unique ability to achieve his goals. Its not a recipe for happiness.. Stay curious and ask questions to gain more insight. There is full disclosure of his goals. Elon Musk follows transformational leadership, the style in which a vision is created, and work is done on the field where a change needs to be done along with his team members in his business life. Tesla, being a manufacturing company, is not without its problems. . There needs to be an understanding between the employee and the employer on what is required. Elon Musk doesnt hire just to fill in the positions in his company rather he hires the right person in the first time. For example, when Tesla struggled through various crises of financial difficulty, Musk continued to fund the company out of his own pocket. 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). It makes some people want to dig their heels into the ground and tackle the worlds greatest problems with the same level of tenacity. That means he can be a bit of a micromanageror even a nanomanager as Musk described himself in that same conversation with the Wall Street Journal. In this article we're going to take a look at 7 different types of leadership styles, so you can discover which one is right for you and your business. They help their employees in every field they need to excel in. There was only one decision-maker at Tesla, and its Elon Musk, the anonymous insider said. 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. Youll be expected to think bigand quickly turn those ideas into action. This type of leader is action-oriented. In this high impact eight week program Coach Marlee will help increase your comfort and confidence to be in positions of influence and leadership, navigate organizational politics and also help you develop greater comfort to compete and collaborate at the top of your industry or field. He is an autocratic who doesn't ask for suggestions. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. Something went wrong while submitting the form. Question and challenge the status quo. Dont dwell on the negatives. Establish an action plan and monitor the success of your resolution. . He is totally obsessed with his duty. Yet, as previously explained, there are a few behaviors youll want to avoid. Be sure to lead this exercise by sharing your own failures and how you rise above them. Many leaders of this world do not get obsessed with their work. There are further divisions in this structure. A revolutionary approach to studying the cognitive behaviors of your team, and how they impact your organizations goals. For example, if you see an employee working 90 hours a week, send them home. 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. Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. (Odumeru and Ogbonna, 2013). 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. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. Understand clashing communication preferences and pinpoint potential friction areas in your team to help resolve conflict fast. 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. If a leader is taking a big organization in the wrong direction, people-in-the-know would flag him before he crashes and burns. Period, said Jim Cantrell, the first engineer at SpaceX. Twitter didn't respond immediately to a request for comment on Musk's shake-up when this story was originally published in November. 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