Impact of leadership on organisational performance. 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. Get started for free with your personalized program now. Musk's reign at Twitter, which began when he took ownership of the platform in late October, has been chaotic. Musk is directly going against both of these factors by taking away all flexibility and forcing a minimum of 40-hours-per-week.. Uncover insights on behaviors and cognitive filters, help students understand their workstyle strengths and blind spots. 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. Even during these dark times, he still demonstrated impeccable leadership skills that motivated his team to keep pushing forward. In total, there are seven different ones: democratic leadership, autocratic leadership, transformational leadership, transactional leadership, laissez-faire leadership, charismatic leadership, and servant leadership. He builds rockets, disrupts the automotive industry, and has his sights set on colonizing Mars. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. Their ability to bounce back from setbacks sets a precedent for the employees who can hen motivate themselves. The message here is not one of doom and gloom. Tesla, being a manufacturing company, is not without its problems. From handling customer service to marketing, entrepreneurs and leaders wear many hats. Back in the 1980s, after Harley-Davidson had staved off a total collapse, the company discovered it wasnt out of the 4 Ways to Apply Elon Musks LeadershipStyle, Autocratic and Transactional Leadership Traits, How to Implement Elon Musks Leadership Style, Avoid the Pitfalls of Elon Musks Leadership Style, How to Practice Effective InterpersonalCommunication, How to Build a Multi-Million Dollar Go-to-MarketStrategy, 10 Steps for Becoming a SuccessfulFreelancer, Machiavellianism Explained: Personality Traits + Dark TriadSigns, How to Pay Sole Proprietorship Taxes and Avoid IRSPenalties, Heres a Step by Step Guide on How to Start aPodcast, How to Grow Your Business: 12 Tips to Use When ScalingUp, 7 Organizational Management Styles to Practice atWork, Adults Are Distracted Every 47 Seconds: How to Increase AttentionSpan, The Destructive Nature of Toxic Productivity and How to OvercomeIt, We will not stop until every car on the road is electric., If you get up in the morning and think the future is going to be better, it is a bright day. Career tests dont work to determine job fitthis does. Transformational Leadership 2. 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. Subscribing indicates your consent to our Terms & Conditions and Privacy Policy. (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 . 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 . He has an uncanny ability to think of solutions. 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). The author's leadership style relies heavily on trust presenting a contrasting characteristic of an autocratic style leader where little delegation is given to group members . 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. Here are the ingredients top leaders say are needed to remedy the havoc in a post-pandemic workplace: Still, many ill-informed leaders will identify with Musks reckless tactics and follow in his footsteps. Theres a reason for that: Musk is a highly-inspiring leader. .. Psychologically it can be a salve to soothe an uneasy conscience. The employees are kept up to date so they can exercise their productivity freely. Write out what you think you know about the challenge in front of you. Mr. Musk himself recommends three simple steps in order to solve different problems. He always used to criticize the poor performance. Hes been said to sleep on a couch in the Tesla factory and work 80 to 90 hours each week (sometimes even more). Moreover, his innovations have given more significant opportunities to the employees by incorporating new techniques and strategies that increase the organisation's value. Black points out that most brands are not in the same category. 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. In this point, his two quotations are very popular. Would you want that? Additionally, open up lines of communication around mistakes and discuss ways to improve. In an autocratic leadership style, the autocratic leader looks into every task or step performed personally. Leading by example is another great option. Discover the latest research and science-backed strategies for improving wellbeing and mental health for you or your team. 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. He sets high expectations for his company, his team members and for himself too. in a matter of not more than 5 seconds, she explained. "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. Although his dominant style appears to be autocratic, it could also be said that his style is transformational. Ibrahim, A. and Daniel, C., 2019. . These are key characteristics of an autocratic leader: Leader tells people what to do Leader is not open to inputs from other employees 2). It is often widely referred to as the authoritarian leadership style. The success of an organisation is dependent on the leader. He's revolutionized entire industries with his focus on challenging the status quo. 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. Elon Musk Leadership Assembles the Right Team. Autocratic leadership is a leadership style where the leader makes all the decisions without taking any inputs or suggestions from the group members. (Manzoor, 2012), Tesla's organisational structure is a functional form. If its an assumption, get curious about why people formed this opinion. Online ISSN: 2663-9335, Vol (3), Issue 2 . Some people aren't used to an environment where excellence is expected.". Find out more about his most endearing leadership qualities and how to use them to your advantage below. Spend at least one day a week working on the companys business strategy. Elon Musk Leadership Style. . The self-made tactics billionaire Elon Musk uses to motivate his teams. Speed is encouraged, and this moving fast keeps them updated with the global challenges. It can be evaluated ) that the transformational leadership and Elon Musk has his own leadership philosophy. Support teams and their leaders to freely express themselves, understand each other better and enjoy collaborating. Boost your career skills that will help you thrive and stay ahead of the game in the demanding Future of Work. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. 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. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. He has a reputation as being equal parts genius and workaholic, and employees are quick to admit that working for him is simultaneously challenging and rewarding. He is totally obsessed with his duty. 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. (CNBC, 2017), There is also a sense of resilience in this organisation that he faces. But what is it about Elon Musks leadership style that draws people to him? Tesla's Elon Musk recently demonstrated such awareness by pledging to . Sessions take just a few minutes and are 100% personalized to fit your unique traits and goals. There are advantages too. Instead, he has an autocratic or transformational way of leadership. 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.". Elon Musk. De-risk investment, identify high performing founders & teams, identify blind spots, benchmark against successful founders. If a motorist were driving the wrong way on a one-way street, pedestrians would flag him down. 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). 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. When he faces a familiar problem or challenge, he simply writes down his assumptions about them. If things are not failing, you are not innovating enough.. The thing that makes Elon Elon is his ability to make people believe in his vision, said Dolly Singh, the former HR head at SpaceX. The organisation practises a certain level of centralisation, and this can be disadvantageous because, with everything controlled at the centre, there can be unresolved issues in the regional offices. The actions of bold leaders like Musk, who is slightly eccentric and extremely intelligent, can be hard to predict. Interested in learning more about Elon Musk and his companies? 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. Jim Cantrell, SpaceX . Let's take a look into each of them in detail. In 2020, there were 59 million freelancers. Without any announcement, he named himself Twitter's CEO on internal company profiles. . 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. A transformational leader inspires his employees. Behavioral theories are crucial in understanding the conduct of . Steve Black, chief strategy officer of Topia, asserts that the fully in-office policy is a dangerous talent strategy for other companies to implement. This has made him a market leader. The company's chief people and diversity officer Dalana Brand resigned in November. Reflection and patience are core to consolidating learning, development, strategic thinking, recharging and authentic leadership. "You have to think 10 times more audacious than he does to be able to be successful.". Warren Buffett. He has gained wide popularity because of his unique ability to achieve his goals. If other people are putting in 40-hour workweeks and youre putting in 100-hour workweeks, then even if youre doing the same thing, you know that you will achieve in four months what it takes them a year to achieve., Relevant F4S motivations: depth, doing, internal reference, activity, use, place. The SpaceX and Tesla CEO is an autocratic leader in . An autocratic leadership style resembles the traditional military command-and-control approach. Steve Jobs is often pointed to as the very picture . In 2018, Wired released an expos about the cutthroat work environment at Tesla. as well as other partner offers and accept our. I mean you just have to put in 80 to 100 hour weeks every week. 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. You can update your choices at any time in your settings. Everyone in Tesla is in an abusive relationship with Elon, a past executive told writer Charles Duhigg. Feedback helps find solutions What people think about you and your company plays a vital role in its success ratio. certain whether Twitter had informed the federal government. Participative Leadership 4. However, warning flags are flying, and changes in leadership approaches are needed for Tesla to excel. Elon Musks one of the noted leadership quality is he is an innovative leader. Top entrepreneurs on how to be a successful entrepreneur. Find out more about the way he leads and how to replicate his best leadership qualities. 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.. 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. Research the problem and consult with leaders and experts who can help you make an informed decision. It makes some people want to dig their heels into the ground and tackle the worlds greatest problems with the same level of tenacity. In many ways, hes exhilarating and motivating. In each of his ventures, Musk has managed to mobile people to accept a new group identity and a new philosophy. I always see whatswrong. If the leader possesses special qualities and skills only then it would be possible to run multiple businesses in active way. Access your favorite topics in a personalized feed while you're on the go. . An autocratic leader relies on their own decisions. But if you just think and don't take action you'll never know what's the right move. Followers execute. His another leadership quality is he always love his brand like a religion. But while it's possible that his actions are designed to root out people who don't support him or his vision, the cost of lining up loyalty could be high. His first philosophy of leadership is creating a vision. 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. Elon Musk's leadership style is transformational since it focuses on innovation and achieving large scale goals. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. 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). A focus on goals is especially helpful for inspiring others, impactful communication, maintaining focus over time, and aligning teams with clarity and purpose. Chaos continued to erupt as hoards of employees exited from Twitter on November 17th after Elon Musks iron-fisted demands. 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. He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. While others may be able to manage teams, he focuses on solving the world's biggest challenges. 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. When you think about the defined leadership styles, Elon Musks style is best defined as transformational. 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. He is the CEO & CTO of Tesla Motors, which builds electric cars. He always uses his time by thinking of new ideas. 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. 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. Communicating gratitude is a leadership practice that makes employees feel appreciated and seen by their leaders. Why Should You Shop for Home Insurance Even if You Arent Relocating? When I see a car or a rocket or spacecraft, I only see whats wrong. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. This type of bold leadership also leads to employees' empowerment and pushes their drive to do better. For example, Olsen et al. For example Elon Musk uses the autocratic leadership style labeling himself as a perfectionist and nano. Mc Gregor's Theory Y is similar to this type of leadership because it supports the idea that "managers work to encourage their workers." 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. In this, the focus will be on Tesla and its founder Elon Musk. Become a better leader by embracing the experience and genius within others. So, like any leadership style, the Elon Musk leadership styleapproach comes with some distinct benefits and drawbacks. At the same time, Musk started ranking employees against one another. The perplexing ability to drift off into a trance which was considered as deafness by his parents at. In a post on Quora, Dolly Singh, the former head of talent acquisition at SpaceX, wrote that after the loss of Falcon One in 2008, A failure in leadership would have destroyed us not only from the eyes of the press or potential consumers but it would have destroyed us internally. Knowing this, Musk addressed his team with a motivating speech that described their mission and the fact that they would not give up despite this setback. Top editors give you the stories you want delivered right to your inbox each weekday. 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). . Strengthen these for business success. A Look Inside the Innovators Life.. Stay up to date with what you want to know. Best Tech Jobs: 7 Top Future-Proofed Careers, The best workplace personality tests and when to use them, Run a Team Dynamics Workshop (Step-by-Step Playbook). Prepare employees for failure by teaching them how to recover when it happens. Learn more in our Cookie Policy. 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. It is important that people look forward to coming to work in the morning and enjoy working.. Yet, while his unique personality and boundless creativity have led to incredible success for his. Behind every accomplishment of galactic proportions, every tr. Efficient recruitment and talent acquisition, remote hiring, resolve team conflict, improve leadership, culture mapping. 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. Thumbs up Marlee!, "Wow this program has totally changed my relationship to goals! 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 transformational leadership style is about motivating the employees and providing values to them, which increases their loyalty towards the brand and the respective company. But even so, being too bold can result in bad leadership. Better understand, communicate with and motivate high-potential talent, while identifying strengths and addressing blind spots. Musk encouraged and motivated his team with saying, For my part, I will never give up and I mean never. Many former and current employees admit that working for Musk is rigorous and demanding, yet many point to it as a formative experience in their careers. 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. Elon Musk quote: Patience is a virtue, and Im learning patience. Needless to say, when you work under Elon Musk, you wont rely on existing procedures and a weve always done it this way attitude. The answer is simple: Musk set his sights on the nearly impossible. Disinterested in others assumptions, he asks questions until the root of the problem reveals itself. 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. Starting and kicking things off are the trademarks of great leaders. Explore, strengthen and stand by what you believe in at work and in life. There is full disclosure of his goals throughout the organisation, and he makes his learning environment known. A persons leadership style is how they lead themselves and their team. Tesla CEO and co-founder Elon Musk is a controversial figure. 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. This button displays the currently selected search type. Transformational vs Transactional Leadership Theories: Evidence in Literature. Failure is an option here, hes quoted as saying. Article Contents 1. Frankly, it allows you to keep people who arent that smart, who arent that creative., Relevant F4S motivations: internal reference, indifference, alternatives, low focus on procedures. 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Of self-esteem and how to recover when it happens if the leader makes the! A vital role in its success ratio co-chairman of OpenAI think about the cutthroat work environment at.! Plays a vital role in its success ratio kicking things off are the trademarks of great....