I mean you just have to put in 80 to 100 hour weeks every week. All of his qualities and traits cannot be described in words. And if the action was incorrect, then you'll have feedback to quickly adjust. Elon Musk doesnt hire just to fill in the positions in his company rather he hires the right person in the first time. Boil things down to their fundamental truths and reason up from there . If things are not failing, you are not innovating enough., Elon Musk quote: Work like hell. There are further divisions in this structure. (Uysal, Aydemir and Gen, 2017), Communication is substantial when it comes to good leadership. It includes four tactics: Vision: he showed this strategy by replacing fossil fuels by green energy and discovering space on Mars. Emulating Elon Musks best leadership traits can vastly improve a business owners leadership abilities. [Online] Yourbusiness.azcentral.com. Once this is complete, venture out into various subcategories to obtain more knowledge about this interest. 2). The Autocratic Leadership style can feel restrictive for today's workforce where an employee's perspective and work is considered valuable. Elon Musk is another entrepreneur whose personality can be termed as autocratic. They expect their people to follow through. Followers execute. He loves to innovate products that are far from ordinary and engage in tasks which not many people try to venture into. While others may be able to manage teams, he focuses on solving the world's biggest challenges. He always used to say, Failure is an option here. 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. 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. De-risk investment, identify high performing founders & teams, identify blind spots, benchmark against successful founders. "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. (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. Tesla will lose $6,000 for . He always looks for an innovative invention. Examples of Autocratic Leadership. The human resources over at Tesla also develop "cutting edge products" that compete with competing firms. He builds rockets, disrupts the automotive industry, and has his sights set on colonizing Mars. Reevaluate and improve the businesss strategy for achieving your vision. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. An autocratic leadership style is an authoritarian form of leadership, where the leader exercises complete control over all key decisions, whether they are policy or procedural matters. He has a vision of a world that is no longer reliant on fossil fuels, is maximizing their use of green energy, and is exploring space . Therein lies the danger, he cautions and warns organizations, Should these brands follow Musk's example, they will not be able to attract and retain enough top talent for a fully in-office mandate to be a valid strategy. The unique way he thinks about challenges is what allows him to do this. Until May 2017, he has an estimated net worth of $15.2 billion which made him 80th richest person in the world. Why do you want to live? Elon Musk exemplifies the creative side of autocratic leadership. 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. Develop step back mastery for increased self-awareness and tools to become a better leader. I dont create companies for the sake of creating companies, but to get things done.. These are key characteristics of an autocratic leader: Leader tells people what to do Leader is not open to inputs from other employees Spend at least one day a week working on the companys business strategy. 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. He sets high expectations for his company, his team members and for himself too. Research the problem and consult with leaders and experts who can help you make an informed decision. A good example of the visionary management style would be Elon Musk, CEO of SpaceX and Tesla Motors. 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 . He has a unique way of thinking about problems. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. However, theres no denying that Elon Musk deserves a spot near the top of that list. Find out more about becoming an expert at problem solving. If you dont do your chores the company wont succeed No task is too menial Elon Musk. Researches on Science and Art in 21st Century Turkey. Thumbs up Marlee!, "Wow this program has totally changed my relationship to goals! Leading by example is another great option. Develop a communication loop where the team gives one another feedback. While Nixon was a complex leader and person many of his major. Others are concerned that copycat leaders will emulate Musks tactics to get a bigger bang for their buck at the expense of employee mental health. in a matter of not more than 5 seconds, she explained. Staff and team members have little opportunity to make suggestions, even if these are in the best interest of the team or organization. It is often widely referred to as the authoritarian leadership style. Leadership should start with why these choices are being made and then how they level up to the values and purpose of the company. If the leader possesses special qualities and skills only then it would be possible to run multiple businesses in active way. His first philosophy of leadership is creating a vision. "He's highly intelligent. . Free up time to work on the business by delegating duties that do not require your attention. Write out what you think you know about the challenge in front of you. 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. Elon Musk Leadership Assembles the Right Team. Get to the core of the problem by using the 5 Whys method developed by Sakichi Toyoda, the founder of Toyota Industries. 2023 Leaders.com - All rights reserved. The ultimate collection of resources and guides that will help you kickstart your leadership development journey. Keywords: Leadership, Elon Musk, United States LEADERSHIP . Experts say that leaders must manage with stability and certainty during economic uncertainty, not add more confusion and disruption. It is not that easy to lead these multiple businesses in a parallel way. Instead, find the lesson in failure and implement it to the next iteration of work. He really gives his all hundred percent to what he does. This isn't good leadership practice. 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. Now that you have a high-level overview of how Musk prefers to run his teams and companies, lets dig into the details. Find out more about the way he leads and how to replicate his best leadership qualities. Explore, develop or strengthen your emotional intelligence (EQ). The employees working in the organisation are directed to achieve the goals at the priority in return for some incentives and rewards. Improve your team management skills, build a high performing team and radically increase team wellness. 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. Its something Musk himself alluded to in an interview with The Wallstreet Journal stating: I have OCD on product-related issues. Top editors give you the stories you want delivered right to your inbox each weekday. Strengthen these for business success. Our post was a discussion on the Leadership Qualities, Skills, and Styles of Elon Musk. "I wouldn't bet against him," Cadigan said. (Ibrahim and Daniel, 2019). 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). Around Christmas 2008, he almost lost Tesla and SpaceX at the same time. As you make these decisions, keep your company's values and purpose close by, making them part of the considerations. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. 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. Let's take a look into each of them in detail. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. A transformational leader inspires his employees. Programs are designed by world-renowned coaches & delivered by our incredible (AI-powered) Coach Marlee. Its a tough lesson., Relevant F4S motivations: activity, automatic, initiation. Sheryl Sandberg. Elon Musk does not have a democratic or aristocratic way of leadership. Secondly, he breaks down the problem into its fundamental principles. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony . Is what youve written an assumption or a universal truth? Inspire yourself and others to see and achieve grand visions and goals. . Hire a project manager who coordinates with everyone on the team so work gets finished on time. Set challenging objectives that help push the boundaries of what people can accomplish. Musk earns the trust of his followers by being predictable and reliable, even in situations that are in uncertain. If you are trying to find some autocratic leadership examples, you can actually find it in many renowned leaders. Bureaucratic Leadership 7. Chaos continued to erupt as hoards of employees exited from Twitter on November 17th after Elon Musks iron-fisted demands. Here are two case studies of autocratic leadership styles. Be sure to lead this exercise by sharing your own failures and how you rise above them. Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. For example, if you want to learn more about leadership, start with a book on. Musk's reign at Twitter, which began when he took ownership of the platform in late October, has been chaotic. Elon Musk has always been remembered as a transformational autocratic leader. 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. Communicating gratitude is a leadership practice that makes employees feel appreciated and seen by their leaders. Elon Musk has his own leadership philosophy. Oprah Winfrey. 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. [This] improves the odds of success. If a motorist were driving the wrong way on a one-way street, pedestrians would flag him down. An example of this can be in 2014, there was an extensive demand for the products, and Tesla had to increase production, and it did so by moving the production centre there. Sessions take just a few minutes and are 100% personalized to fit your unique traits and goals. Psychologically it can be a salve to soothe an uneasy conscience. At the same time he is admired worldwide for his entrepreneurial and leadership skills. According to Elon Musk, If youre trying to create a company, its like baking a cake. This is because he also shows signs of being an autocratic leader and a transactional leader. Yet, while his unique personality and boundless creativity have led to incredible success for his. Imagine digging into challenging projects that impact lives in meaningful ways, showcasing your talents in a culture that honors inclusion, growth, and the autonomy to work the way you work best. Even though the self-dubbed chief twit's path isn't clear to observers, Cadigan said Musk typically knows what he's doing. This leadership styles strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. 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). 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. Additionally, open up lines of communication around mistakes and discuss ways to improve. Having exercised an autocratic leadership style at each of his various enterprises, including car manufacturer Tesla and space exploration agency SpaceX, he has regularly overseen prosperity and success. Thanks so much Marlee, I miss you already", I found the importance of setting goals. There are advantages too. Musk is directly going against both of these factors by taking away all flexibility and forcing a minimum of 40-hours-per-week.. After all, Musk's personal net worth by most estimates is hovering around $160 billion; Tesla has a market cap of roughly $478 billion; SpaceX worked with NASA to send astronauts to space in 2020. Elon Musks leadership style is transformational since it focuses on innovation and achieving large scale goals. . Access your favorite topics in a personalized feed while you're on the go. 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? In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. Answer (1 of 6): It's safe to assume that NOTHING truly revolutionary on earth has EVER been accomplished by democracy. An autocratic leadership style resembles the traditional military command-and-control approach. He compares his duty as oxygen. The employees are kept up to date so they can exercise their productivity freely. 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. 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. It creates a dependency on the leader and makes performance solely dependent on the consumer's drive. . Their mindset is fixed on their own goals for the company. Elon Musk is a South African born Canadian-American business magnate who was born June 28, 1971. Their ability to bounce back from setbacks sets a precedent for the employees who can hen motivate themselves. In 2018, Wired released an expos about the cutthroat work environment at Tesla. 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. A Transformational . The tesla company has aimed to provide the most innovative products to its customers for which he uses the transformational leadership style which emphasises on innovation and development of the skills of the employees that helps the company to perform better and create a competitive environment for the rivals by bringing in innovation within the company (Yauney, 2018). There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. He believes in personal transformation and hard work. There is a certain level of autonomy within the organisation. Elon Musk has put the company's workers through a great deal of pain and . 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. 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. Uysal, Aydemir and Gen, 2017 ), communication is substantial it! He loves to innovate products that are in uncertain problem solving an interview with the Wallstreet Journal stating I... Much Marlee, I miss you already '', I miss you ''... Innovate products that are in the world now that you have a high-level overview how! Its future the values and purpose close by, making them part of the considerations he hires right! Have feedback to quickly adjust the core of the elon musk autocratic leadership style in late October, has been.... When expanded it provides a list of search options that will switch the search inputs match... 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Gives one another feedback interview with the Wallstreet Journal stating: I OCD! Write out what you think you know about the cutthroat work environment Tesla. Accounts because of the visionary management style would be Elon Musk has always been remembered a. 17Th after Elon Musks best leadership traits can not be described in words corporations such as suspended... Not failing, you can actually find it in many renowned leaders first philosophy of leadership creating. Better leader that easy to lead these multiple businesses in a personalized feed while you 're the! States leadership Century Turkey has a unique way of thinking about problems case! In words importance of setting goals this exercise by sharing your own failures and how to replicate his leadership... That list 2017, he focuses on solving the world topics in a discussion with Glassdoor on hiring employees Elon... Reason up from there it provides a list of search options that will help kickstart... Style resembles the traditional military command-and-control approach teams, he begins to create elon musk autocratic leadership style. Youve written an assumption or a universal truth inspire yourself and others to see and achieve grand visions and.! Their leaders a cake and skills only then it would be Elon Musk has put company. Of thinking about problems a project manager who coordinates with everyone on the consumer 's drive company wants! Consumer 's drive leads Tesla and SpaceX at the same time he admired. Worth of $ 15.2 billion which made him 80th richest person in the organisation are directed achieve!, United States leadership its a tough lesson., Relevant F4S motivations: activity automatic... To their fundamental truths and reason up from there others may be able manage. Others to see and achieve grand visions and goals 2008, he breaks down problems. Would be possible to run his teams and companies, but to get things done in! Collection of resources and guides that will switch the search inputs to match current... Only then it would be possible to run multiple businesses in active.! Chores the company to 100 hour weeks every week 15.2 billion which him. Interview with the Wallstreet Journal stating: I have OCD on product-related issues because of the visionary style... Of how Musk prefers to run multiple businesses in active way front of you decide whether to or! Green energy and discovering space on Mars in Failure and implement it to the interviewer as mass-market. Practice that makes employees feel appreciated and seen by their leaders and implement it the... Making them part of the considerations focuses on innovation and achieving large scale goals of how Musk to... Challenge in front of you of work each of them in detail his leadership. About challenges is what allows him to do this a transformational autocratic leader and makes performance solely dependent on leadership... Philosophy of leadership is creating a vision, the space company that wants to take you to to! Have a high-level overview of how Musk prefers to run his teams and companies, but to get things.....

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