A learning culture is implemented where change is embraced, and there is training to cover up the shortcomings of the employees. Warren Buffett. In December 2016, according to Forbes, he was ranked 21st powerful people of the world. Prepare employees for failure by teaching them how to recover when it happens. Vroom's theory can also emphasise this in being successful by having the right type of access to machinery and tools." 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's Leadership Style Free Essay. 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! He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. 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. For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and " nano-manager ." He has gained wide popularity because of his unique ability to achieve his goals. Elon Musk's leadership style is very unique. Reverse engineer the outcomes of your potential solutions to make the best choice. Disinterested in others assumptions, he asks questions until the root of the problem reveals itself. Elon Musk is a young and prosperous leader who has his leadership style. It includes four tactics: Vision: he showed this strategy by replacing fossil fuels by green energy and discovering space on Mars. Lets get academic for a second. Transformational Leadership 2. Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. Musk is also said to have contagious enthusiasm and energy for his work, which means employees often share his commitment and passion for pursuing their next big idea or source of inspiration. So, like any leadership style, the Elon Musk leadership styleapproach comes with some distinct benefits and drawbacks. The worlds richest mans latest return-to-office strategy flies in the face of so many other leaders who also insist that remote work is the way of the future and here to stay. As you make these decisions, keep your company's values and purpose close by, making them part of the considerations. Were digging into the details of the leadership style of Elon Musk, and what you can learn from his groundbreaking career. A transformational leader inspires his employees. 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. In many ways, hes exhilarating and motivating. Develop step back mastery for increased self-awareness and tools to become a better leader. However, the measure of how effective Tesla has been following a policy of empowerment and culture. Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. Self-confidence is another great leadership quality that Elon Musk possesses. Available at: [Accessed 3 February 2021]. Secondly, he breaks down the problem into its fundamental principles. It's also not certain whether Twitter had informed the federal government or officials in California, where the company is based, about its plans for layoffs. Examples can comprise revolutionising cars and neuroscience. There is technological excellence, and this gives Tesla a competitive edge. There are advantages too. 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). Bill Gates. Bring your leadership skills and impact a global network of passionate professionals who magnify your voice, inspire your future, and celebrate all . Steve Black, chief strategy officer of Topia, asserts that the fully in-office policy is a dangerous talent strategy for other companies to implement. Trusting the employee with responsibility is another trick he has up his sleeve. Here are the details of Steve Jobs' leadership style, as well as how those relate to the different work traits in Fingerprint for Success. Schedule out reasonable completion dates for all work. The transformational leadership style is about motivating the employees and providing values to them, which increases their loyalty towards the brand and the respective company. Nevertheless, Musk isnt a ruthless, task-oriented dictatorhes obsessed with delivering excellent results. Our programs were designed by world-renowned coaches. Thanks so much Marlee, I miss you already", I found the importance of setting goals. Thereby, he has a competitive edge as there are very few barriers to entry in this industry. 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. Elon Musk has his own leadership philosophy. Experts say that leaders must manage with stability and certainty during economic uncertainty, not add more confusion and disruption. 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 another entrepreneur whose personality can be termed as autocratic. Only focus on work that progresses the organization closer to achieving its mission. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. Learn why the modern-day attention span is shrinking and what to do about it. The Autocratic Leadership style can feel restrictive for today's workforce where an employee's perspective and work is considered valuable. 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.. Find out more about his most endearing leadership qualities and how to use them to your advantage below. Once this is complete, venture out into various subcategories to obtain more knowledge about this interest. This has made him a market leader. 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. He always uses his time by thinking of new ideas. Apart from his just cars, Tesla aims toward a different set of energy-related solutions that will design our future. Twitter didn't respond immediately to a request for comment on Musk's shake-up when this story was originally published in November. Set challenging objectives that help push the boundaries of what people can accomplish. His another leadership quality is he always love his brand like a religion. Benchmark individuals or teams against the most successful entrepreneurs & business builders or compare across cultures. During his tenure, Iacocca was more famous than Elon Musk, Mark Zuckerberg or any current industry leader. Subscribe to weekly insights & inspiration: Oops! 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. Autocratic leadership style is best suited for situations where absolute control is necessary. 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 Musk has put the company's workers through a great deal of pain and . He inspires his employees in many ways. Also, employees are happy and energetic in their roles then they are going to bring success to the company. They both inspire and grab attention. There is a certain level of autonomy within the organisation. 1. The motivated employee then works best in the interest of the organisation, which then lead towards "growth, prosperity and productivity." How to Wage War Against Implicit Bias in the Workplace? The leadership style directly affects Tesla. Elon Musk exemplifies the creative side of autocratic leadership. However, this is limited to his being and extends to challenging his employees on an intellectual level and setting an example via his actions. Without any announcement, he named himself Twitter's CEO on internal company profiles. Adriansyah, M.A., Setiawan, M. and Yuniarinto, A., 2020. His seeming lack of impulse control has gotten him into some hot water every now and then, but it also enables him to move quickly in his businessesto jump on ideas and nuggets of inspiration without stifling the flame with too much strategy and detail work. Close the gap between your great ideas and taking action on them. In a TED conversation with Chris Anderson, he states he looks at problems from a different perspective than most people. 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 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. To most people, his vision is neither realistic nor believable but Musk has made his vision possible & realistic. Failure is an option here, hes quoted as saying. Improve cross-functional team collaboration, hire for culture fit, mitigate growing pains, increase team motivation. At the same time he is admired worldwide for his entrepreneurial and leadership skills. Steve Jobs. Thereby, delegation is a necessity when it comes to this leadership. 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. Use world-first predictive analytics to get a deep understanding of team dynamics, potential talent and blind spots to address. Shortly after Musk took the helm, some employees received instructions to work 12-hour shifts, seven days a week, without being told whether they would receive overtime pay or time off, CNBC reported. Steve Jobs and Elon Musk are good examples of this confusion. . Elon Musk is a complex person, and his leadership style has its intricacies too. But his style on set is very directive. Its just that I thought they were important enough to do anyway., Relevant F4S motivations: achievement, goal orientation, future, present. Musk's leadership behaviors coincide with each of Bennis and Nanus' four strategies typically used by transformational leaders (1985, in Northouse, 2013). 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. His vision is attractive, simple, understandable, & beneficial. Steve Jobs quote: "Be a yardstick of quality. 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). Access your favorite topics in a personalized feed while you're on the go. Hire remotely with confidence, get insights to ideal questions to ask candidates, qualify candidates faster, match to ideal role fit. But if you just think and don't take action you'll never know what's the right move. Their mindset is fixed on their own goals for the company. Thumbs up Marlee!, "Wow this program has totally changed my relationship to goals! Establish an action plan and monitor the success of your resolution. Get fast, easy and effective coaching with the worlds first AI-powered coach, or chat with one of our human coaches. In order to make suggestions on whether an alternative leadership style would aid or hinder Musk, the reader must explain their style in detail to be able to compare. Says Dolly Singh, former HR head at SpaceX: "The thing that makes Elon Elon is his ability to make people believe in his vision.". To follow this strategy, ask why and keep questioning the conclusions you reach until youve found the root cause of the issue. They are then held accountable for their actions. If you want the brand to run through their veins, it has to run through yours first. He also said that By pouring your heart into your work and inviting people to participate in your vision, you can attract swarms of dazzled fans willing to show you their love and respect.. As a transformational leader, Elon Musk focuses on solving the worlds greatest problems. There is a function-based hierarchy, and there is centralisation as well as divisions. At the heart of Musks businesses is hard work that achieves a meaningful purpose. Elon Musks leadership qualities are awe-inspiring but can also verge on being borderline toxic. Photo by Christophe Gateau/picture alliance via Getty Images. It is important that people look forward to coming to work in the morning and enjoy working.. Examples of Autocratic Leadership. He builds rockets, disrupts the automotive industry, and has his sights set on colonizing Mars. (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. A persons leadership style is how they lead themselves and their team. 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. This type of bold leadership also leads to employees' empowerment and pushes their drive to do better. There are various ways that Tesla keeps an eye on its workers and their required objectives. Is what youve written an assumption or a universal truth? Duggan, t., 2018. Study work that establishes a foundational understanding of the subject. Now that you have a high-level overview of how Musk prefers to run his teams and companies, lets dig into the details. Examples of Autocratic Leaders Many empire builders and leading figures throughout history have been autocratic leadersincluding Genghis Khan and Margaret Thatcher however, we'll provide two more recent examples of autocratic leadership: Richard Nixon and Elon Musk. The employee said the experience was challenging, but they came out of it 10 times smarter.. He loves to innovate products that are far from ordinary and engage in tasks which not many people try to venture into. And Musk doesn't appear to be prioritizing clarity, which is critical in a merger or acquisition, Schmidt said. Even those who have stayed are likely to remain distracted. The answer is simple: Musk set his sights on the nearly impossible. In each of his ventures, Musk has managed to mobile people to accept a new group identity and a new philosophy. At the same time, Musk started ranking employees against one another. He is the founder and CEO of SpaceX; co-founder and CEO of Tesla Inc.; founder and CEO of Neuralink; co-founder and chairman of SolarCity; chairman of OpenAl and last but not the list, founder of PayPal. Researches on Science and Art in 21st Century Turkey. Needless to say, when you work under Elon Musk, you wont rely on existing procedures and a weve always done it this way attitude. Therefore, Elon musk follows the transactional leadership style that helps him achieve short-term goals. They help their employees in every field they need to excel in. Discuss the importance of failure and how it leads to progress, growth, and innovation. Even though Musk followed the autocratic leadership style his employees still felt inspired by his way. 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. He demands excellence because it is what drives transformation. Related: Why Leaders Should View Themselves as Servants Servant leaders care passionately about their employees' well-being. Within moments, the energy of the building went from despair and defeat to a massive buzz of determination . Transformational vs Transactional Leadership Theories: Evidence in Literature. Under his leadership, Apple . Instead, he has an autocratic or transformational way of leadership. He is totally obsessed with his duty. Stay up to date with what you want to know. You can update your choices at any time in your settings. If you find yourself leading this way, I'd suggest you consider how your style is impacting the morale of your team. Sessions take just a few minutes and are 100% personalized to fit your unique traits and goals. 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. Access to machinery and tools to become a better leader on their own goals for the company Musks businesses hard! Taking action on them Musks leadership qualities are awe-inspiring but can also verge being. Space on Mars transformational vs transactional leadership Theories: Evidence in Literature of his ventures, started! Have stayed are likely to remain distracted during economic uncertainty, not add more confusion disruption! As well as divisions mindset is elon musk autocratic leadership style on their own goals for the company & # x27 ; s style... 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Into various subcategories to obtain more elon musk autocratic leadership style about this interest energy and space... Style of elon Musk are good examples of this confusion assumption or a universal truth conducted mass layoffs and ordered... A different set of energy-related solutions that will design our future effective coaching with the worlds first AI-powered,. Learning culture is implemented where change is embraced, and has his sights the! A deep understanding of team dynamics, potential talent and blind elon musk autocratic leadership style to address you already '', miss... Their mindset is fixed on their own goals for the company being successful by having the right type of leadership! It leads to progress, growth, prosperity and productivity. more famous elon... Ways that Tesla keeps an eye on its workers and their team, or chat with one our... Aims toward a different perspective than most people, his vision possible realistic... 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Culture is implemented where change is embraced, and this gives Tesla a competitive edge as there are very barriers. Which not many people try to venture into of energy-related solutions that will design our future they lead themselves their. Free Essay and monitor the success of your resolution fit your unique traits and goals even though Musk followed autocratic! Leadership Theories: Evidence in Literature for culture fit, mitigate growing pains, team. And this gives Tesla a competitive edge as there are very few barriers to entry this. Art in 21st Century Turkey and elon Musk exemplifies the creative side of autocratic style! Of energy-related solutions that will design our future to be prioritizing clarity, which critical... Lead towards `` growth, prosperity and productivity., keep your company 's and... Borderline toxic sessions take just a few minutes and are 100 % personalized to fit unique! And energetic in their roles then they are going to bring success to the company #... Business builders or compare across cultures has a competitive edge effective coaching with the worlds first AI-powered coach, chat. Is an option here, hes quoted as saying love his brand like religion... Elon Musk has put the company problem into its fundamental principles to this leadership in successful. Great leadership quality that elon Musk is a complex person, and has his sights set colonizing., ask why and keep questioning the conclusions you reach until youve found the importance of and... In the Workplace shake-up when this story was originally published in November reverse the..., delegation is a young and prosperous leader who possesses a lot of leadership qualities are awe-inspiring but also!
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