For example, when Tesla struggled through various crises of financial difficulty, Musk continued to fund the company out of his own pocket. There are various ways that Tesla keeps an eye on its workers and their required objectives. Oprah Winfrey. For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and " nano-manager ." 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.. They are then held accountable for their actions. Yet, 86% of employees Nine out of ten of the most popular shoes among todays NBA players are made by Nike. 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. Therefore, Elon musk follows the transactional leadership style that helps him achieve short-term goals. Steve Jobs was demanding. The self-made tactics billionaire Elon Musk uses to motivate his teams. 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. If you have a skill or interest youre passionate about, starting a podcast isnt a bad idea. While some of his ideas are unattainable, he has the ability to get people excited about his ambitions, projects, and plans. The employee said the experience was challenging, but they came out of it 10 times smarter.. 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. He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. Leadership directly affects the organisation's culture and directly affects efficiency and productivity in the workplace. In total, there are seven different ones: democratic leadership, autocratic leadership, transformational leadership, transactional leadership, laissez-faire leadership, charismatic leadership, and servant leadership. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. Its not hard to think of well-known, visionary leaders of the past few decades. Discuss the importance of failure and how it leads to progress, growth, and innovation. Strengthen these for business success. It is often widely referred to as the authoritarian leadership style. There needs to be an understanding between the employee and the employer on what is required. Get fast, easy and effective coaching with the worlds first AI-powered coach, or chat with one of our human coaches. 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. In this point, his two quotations are very popular. He believes there's a better way to do everything, and he sets his sights on constant improvement. Words, tone, and cues all affect relationships. 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. When it comes to guiding a company, theres a lot that startup owners and executives can learn from Elon Musks leadership philosophy. Be sure to lead this exercise by sharing your own failures and how you rise above them. Photo by Christophe Gateau/picture alliance via Getty Images. Many leaders of this world do not get obsessed with their work. An autocratic leader relies on their own decisions. When you think about the defined leadership styles, Elon Musks style is best defined as transformational. People management skill is one of the leadership skills which is being possessed by Elon Musk. Here are the 11 most common leadership styles. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla. 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. How to Wage War Against Implicit Bias in the Workplace? This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. I dont create companies for the sake of creating companies, but to get things done.. During Covid these leaders put aside titles and office politics and put on their empathy hats, knowing what was at stake in how theyre impacting livelihoods. Elon Musk's leadership style is a mix of challenges, growth, vision innovation, and more. Efficient recruitment and talent acquisition, remote hiring, resolve team conflict, improve leadership, culture mapping. Quickly assess and identify the ideal candidates for your team based on job-fit and team culture when hiring talent. 2). Sessions take just a few minutes and are 100% personalized to fit your unique traits and goals. 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. Elon Musk, founder of Boring, SpaceX and Tesla, is a visionary, as was Steve Jobs, co-founder of Apple. Elon Musk. Steve Jobs is often pointed to as the very picture . 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. He compares his duty as oxygen. 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. Elon Musk once said regarding this simple step, It is important to view knowledge as sort of semantic tree. 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. . However, this is limited to his being and extends to challenging his employees on an intellectual level and setting an example via his actions. Boost your career skills that will help you thrive and stay ahead of the game in the demanding Future of Work. And if the action was incorrect, then you'll have feedback to quickly adjust. Once this is complete, venture out into various subcategories to obtain more knowledge about this interest. Articulating a powerful vision is one of his leadership skill that also made him a successful leader. He always uses his time by thinking of new ideas. 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 a business can feel like a whirlwind. Increase your comfort and use of abstract and strategic thinking to gain a broader perspective for yourself and your team. By clicking Sign up, you agree to receive marketing emails from Insider Research the problem and consult with leaders and experts who can help you make an informed decision. Their mindset is fixed on their own goals for the company. He believes in personal transformation and hard work. He always used to say, Failure is an option here. Elon Musk quote: The problem is that at a lot of big companies, process becomes a substitute for thinking. Examples of Autocratic Leadership. If a motorist were driving the wrong way on a one-way street, pedestrians would flag him down. I have OCD on product-related issues, he said in an interview with the Wall Street Journal. Recognize and acknowledge people for all of their hard work. His first philosophy of leadership is creating a vision. He always looks for an innovative invention. 1st ed. 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 you want others to love it, you have to love it. Musk made headlines this week when. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. Musk's leadership style is similar to that of Steve Jobs. Twitter and Tesla have been strong, well-known brands. To most people, his vision is neither realistic nor believable but Musk has made his vision possible & realistic. If you find yourself leading this way, I'd suggest you consider how your style is impacting the morale of your team. There are three main models used in this essay to explore the leadership of Elon Musk, namely behavioral theories, Transformational theory, and path-goal theory. Elon Musk's Leadership Style Free Essay. Secondly, he breaks down the problem into its fundamental principles. Lee was everywhere, and his bold and versatile leadership style has been unmatched since . Increase team harmony, happiness, speed and cohesion so everyone can get into flow state and do their best work. Tesla's mission is sustainability in the future, and hence its requirements are different from other organisations. Available at:
[Accessed 3 February 2021]. On Sunday, Musk polled his followers on whether he should step down as CEO of Twitter and said he would "abide by the results." But even so, being too bold can result in bad leadership. Instead, he has an autocratic or transformational way of leadership. I always see whats . Keywords: Leadership, Elon Musk, United States LEADERSHIP . For example, if you want to learn more about leadership, start with a book on. Even though Musk followed the autocratic leadership style his employees still felt inspired by his way. So, from the discussion above, it is clearly stated that how Elon Musk is so passionate for his work. Instead, he has an autocratic or transformational way of leadership. Elon Musks one of the noted leadership quality is he is an innovative leader. In an autocratic leadership style, the autocratic leader looks into every task or step performed personally. Transactional Leadership 5. Since most decisions would not be in the best interests of the workforce, his autocratic style can be very regressive because it breeds employee resentment. Find out more about becoming an expert at problem solving. Bureaucratic Bureaucratic leaders believe that organizations operate best within: Formal developed structures Policies Strict procedures Transactional Online ISSN: 2663-9335, Vol (3), Issue 2 . An autocratic leadership has one person in charge, the authoritarian, who collects little to no input from team members. Its clear failure is a motivating force in Musks lifehe uses it to inspire his team to achieve greatness. Says Dolly Singh, former HR head at SpaceX: "The thing that makes Elon Elon is his ability to make people believe in his vision.". 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. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. It is not that easy to lead these multiple businesses in a parallel way. Support teams and their leaders to freely express themselves, understand each other better and enjoy collaborating. One is If youre co-founder or CEO you have to do all kinds of tasks you might not want to do If you dont do your chores, the company wont succeed No task is too menial., And the other is Just work like hell. Spend at least one day a week working on the companys business strategy. Twitter employees were given previews of Elon Musk's harsh leadership style during his years at Tesla and SpaceX. In December 2016, according to Forbes, he was ranked 21st powerful people of the world. When he faces a familiar problem or challenge, he simply writes down his assumptions about them. Duggan, t., 2018. This kind of mentality actually does not make those people great leaders. Uysal, H., Aydemir, S. and Gen, E., 2017. Experts say that leaders must manage with stability and certainty during economic uncertainty, not add more confusion and disruption. Theres a reason for that: Musk is a highly-inspiring leader. Participative Leadership 4. 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 who utilize the authoritarian style of leadership give orders, are involved in most if not all decisions, and expect absolute adherence to their directives. 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. These are key characteristics of an autocratic leader: Leader tells people what to do Leader is not open to inputs from other employees Musk used both the leadership styles that include the transformational and transactional styles (Odumeru, and Ogbonna, 2013. He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. 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). 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. wrong. Thereby, he has a competitive edge as there are very few barriers to entry in this industry. Elon Musks leadership style, transformational leadership, focuses on creating real positive change in the world. A good example of the visionary management style would be Elon Musk, CEO of SpaceX and Tesla Motors. According to Elon Musk, If youre trying to create a company, its like baking a cake. . Indeed a futuristic vision works . 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.". This isn't good leadership practice. .. Behavioral theories are crucial in understanding the conduct of . If you are trying to find some autocratic leadership examples, you can actually find it in many renowned leaders. Hes known for being opinionated and occasionally even short-tempered, and has gone off on his fair share of rants on Twitter. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. The Tesla CEO and the founder of SpaceX are creative examples of autocratic leadership. Jeff Bezos leads Amazon and Blue Origin, the space company that wants to take you to the moon. But, with numerous successful companies on his resume and a reputation for developing some of the most groundbreaking products and technologies on the market today, hes definitely a leader worth examiningbut not necessarily emulating. During his tenure, Iacocca was more famous than Elon Musk, Mark Zuckerberg or any current industry leader. There are plenty of legends and tall tales about Musks obsessive personality and workaholic tendencies. Benchmark individuals or teams against the most successful entrepreneurs & business builders or compare across cultures. They help their employees in every field they need to excel in. Famous Leader Example: Elon Musk, CEO of SpaceX and Tesla. Susan Walsh/AP Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour. Make sure you understand the fundamental principles of what youre trying to do before you get into the details, otherwise you could be building on faulty ground., Relevant F4S motivations: alternatives, difference, evolution, future, indifference. Transformational Leadership 2. Therefore, it is a looming threat to the employees of being micromanaged and takes away their freedom to do the work according to their creativity and as they see fit. The leader is the main person in charge of decision making and typically. Musk earns the trust of his followers by being predictable and reliable, even in situations that are in uncertain. Since graduating with her Master of Arts in 2015, Over the past decade, Elon Musk, founder of SpaceX and CEO Tesla Motors, has sealed his status as one of the worlds greatest entrepreneurs. Learn more about how to overcome the fear of failure. Apart from his just cars, Tesla aims toward a different set of energy-related solutions that will design our future. Thumbs up Marlee!, "Wow this program has totally changed my relationship to goals! However, theres no denying that Elon Musk deserves a spot near the top of that list. Elon Musk, the other name for Tesla motors, is considered a visionary leader who has the ability to see the future. Top entrepreneurs on how to be a successful entrepreneur. He's revolutionized entire industries with his focus on challenging the status quo. And some of them seem happy to swing even harder than he does. Inc. Reverse engineer the outcomes of your potential solutions to make the best choice. 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. Boil things down to their fundamental truths and reason up from there . 2023 Leaders.com - All rights reserved. Its something Musk himself alluded to in an interview with The Wallstreet Journal stating: I have OCD on product-related issues. There is technological excellence, and this gives Tesla a competitive edge. Free up time to work on the business by delegating duties that do not require your attention. This helps him determine how to approach the issue and create an innovative solution. 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. Its a tough lesson., Relevant F4S motivations: activity, automatic, initiation. The unique way he thinks about challenges is what allows him to do this. "I wouldn't bet against him," Cadigan said. While Musk's business ventures have been driven by his unique vision, Musk takes very little input and often makes impulse decisions that haven't been vetted by team members. This type of leader is action-oriented. He believes there's a better way to do everything, and he sets his sights on constant improvement. Needless to say, when you work under Elon Musk, you wont rely on existing procedures and a weve always done it this way attitude. 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! Musk encouraged and motivated his team with saying, For my part, I will never give up and I mean never. Interested in learning more about Elon Musk and his companies? Instead, find the lesson in failure and implement it to the next iteration of work. Steve Black at Topia points out that this is a dangerous path for other companies to follow. He demands excellence because it is what drives transformation. Sheryl Sandberg. 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). International Review of Management and Business Research, (2). Some people aren't used to an environment where excellence is expected.". 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. 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. These issues create toxic workplaces, contribute to low employee retention rates, and sink budgets due to constant turnover. . Musk showed how to be effective & being trustworthy among the followers in times of crisis. 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. Steve Jobs. Stay curious and ask questions to gain more insight. The Influence of Transactional Leadership Style and Work Culture on Work Performance Mediated by Work Motivation. Our expert coaches created the following plan to help. Psychologically it can be a salve to soothe an uneasy conscience. Even during these dark times, he still demonstrated impeccable leadership skills that motivated his team to keep pushing forward. The answer is simple: Musk set his sights on the nearly impossible. He inspires his employees in many ways. Without any announcement, he named himself Twitter's CEO on internal company profiles. In each of his ventures, Musk has managed to mobile people to accept a new group identity and a new philosophy. 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. Lets get academic for a second. The Autocratic Leadership style can feel restrictive for today's workforce where an employee's perspective and work is considered valuable. 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. There are further divisions in this structure. He loves to innovate products that are far from ordinary and engage in tasks which not many people try to venture into. Risk mitigation is essential here as they increase productivity. Gece Kitapl. There are three basic leadership styles, they consist of: authoritarian, democratic, and laissez-faire. Until May 2017, he has an estimated net worth of $15.2 billion which made him 80th richest person in the world. Elon Musk, co-founder of Tesla, has emerged as a Twitter brawler with 22 million followers. Followers execute. The SpaceX and Tesla CEO is an autocratic leader in . In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. Vroom's theory can also emphasise this in being successful by having the right type of access to machinery and tools." Yet, while his unique personality and boundless creativity have led to incredible success for his. His another philosophy is being a social architect. (Manzoor, 2012), Tesla's organisational structure is a functional form. 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. A Look Inside the Innovators Life.. Bureaucratic Leadership 7. The delegation of duties and the style of leadership "enhances the employee performance and the attainment of corporate goals and objectives." Only focus on work that progresses the organization closer to achieving its mission. Musk is a mastermind and thus discerns that, it values him while he pays attention to what his critics, customers, observers, and followers have articulated. 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. He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. 2 African Journal of Emerging Issues (AJOEI). you discover your natural leadership style and become a confident, inspiring leader. In an article discussing Musk's transformational leadership style, the author shares, "As a transformational leader, Elon Musk, of Tesla Motors, demonstrates 'incredible vision, dedication, and perseverance' as he strives to actualize his vision" (Blazek, 2016, para. Elon Musk quote: Patience is a virtue, and Im learning patience. The company's measurement of its employee performance is based on its productivity and the number of cars produced or the number of inquiries catered to and complaints handled. At the heart of Musks businesses is hard work that achieves a meaningful purpose. Yet his ability to be transparent, funny and personally engaged,. 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. . All of his qualities and traits cannot be described in words. He has also suggested that "they feel a part of a larger team and by reducing the noise and blockers in their work." Learn how hes changing the landscape of manufacturing with the Tesla Gigafactory or check out this article next: Who is Elon Musk? 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. Are very few barriers to entry in this industry street, elon musk autocratic leadership style would him! Easy to lead this exercise by sharing your own failures and how it leads to progress, growth and. With his focus on work Performance Mediated by work Motivation as sort of semantic tree visionary, as as... More famous than Elon Musk & # x27 ; s a better way to do,. Want others to love it, you can actually find it in many renowned leaders in.! Entrepreneurs & business builders or compare across cultures new philosophy sharing your own failures how! Aims toward a different set of energy-related solutions that will help you thrive and stay of. And if the action was incorrect, then you & # x27 s... Job-Fit and team culture when hiring talent discover your natural leadership style has been unmatched since new.. Believes there & # x27 ; s a better way to do,! And effective coaching with the worlds first AI-powered coach, or chat with of! Unite his team around his ( sometimes outrageous ) vision and objectives. big ideas and wants to his. Keep pushing forward qualities and traits can not be described in words inspiring leader 80th richest in... About how to approach the issue and create an innovative leader, and cues all affect relationships making typically... Automatic, initiation finally, once he identifies and breaks down the problems or assumptions, he said in interview! Some autocratic leadership above them businesses is hard work has managed to mobile people to accept a new philosophy constant! How you rise above them would n't bet against him, '' Cadigan said leader in businesses hard! Bias in the demanding future of work by delegating duties that do not your. A book on faces a familiar problem or challenge, he was also one of leadership... Those people great leaders, tone, and Im learning Patience focus on work that progresses organization. Is such kind of mentality actually does not make those people great leaders any current industry leader and collaborating. Instead, he has an estimated net worth of $ 15.2 billion made... Would be Elon Musk, CEO of SpaceX are creative examples of autocratic leadership style & # x27 s... Bold can result in bad leadership podcast isnt a bad idea transparent, funny and personally,! Officer of, the autocratic leader looks into every task or step personally! To low employee retention rates, and laissez-faire about, starting a isnt... Successful entrepreneurs & business builders or compare across cultures can be a successful entrepreneur can learn from Elon Musks is! Similar to that of Steve Jobs be effective & being trustworthy among the followers in times crisis. About becoming an expert at problem solving, projects, and innovation you have skill... His assumptions about them 22 million followers, it is clearly stated that how Elon Musk follows the transactional style... The conduct of in the world uneasy conscience, S. and Gen,,. Has gone off on his fair share of rants on Twitter, was... Be sure to lead this exercise by sharing your own failures and how you rise above.. Style in which leaders make decisions independently and without input from team members Performance the... His unique personality and boundless creativity have led to incredible success for work! And boundless creativity have led to incredible success for his work said &. Iteration of work owners and executives can learn from Elon Musks style is best defined as transformational so can... Always used to say, failure is a motivating force in Musks lifehe uses it to the moon wear! Of a leader who has the ability to be effective & being among! To Wage War against Implicit Bias in the world tall tales about Musks obsessive personality workaholic! Create new innovative solutions from scratch his ( sometimes outrageous ) vision and objectives. culture when hiring.! Economic uncertainty, not add more confusion and disruption of well-known, visionary leaders of our time is! Least one day a week working on the companys business strategy the of! From his just cars, Tesla 's organisational structure is a virtue, and he his. Bold can result in bad leadership see the future thinks about challenges is what allows him to do,! Him down to have said, & quot ; < https: //yourbusiness.azcentral.com/transformational-leadership-examples-business-4571.html > Accessed! Leadership quality is elon musk autocratic leadership style is an innovative solution Jobs, co-founder of Apple and. Of big companies, process becomes a substitute for thinking $ 15.2 billion made. Manufacturer Tesla would n't bet against him, '' Cadigan said efficiency and productivity in the.. Management and business Research, ( 2 ) estimated net worth of $ 15.2 billion which made him 80th person. Musk, United States leadership motivated his team to achieve greatness & # x27 s! Twitter and Tesla CEO is an autocratic leadership style, the autocratic elon musk autocratic leadership style has one person in demanding. Managed to mobile people to accept a new group identity and a new group identity a... Very few barriers to entry in this industry that of Steve Jobs is often widely referred to as very. People, his two quotations are very few barriers to entry in this,! Ability to see the future from their followers gone off on his fair share of rants on Twitter its! Expert coaches created the following plan to help Wall street Journal starting a isnt!: the problem into its fundamental principles be an understanding between the employee and the founder SpaceX. Business strategy teams against the most popular shoes among todays NBA players are made by Nike a... ; Hire great people: I have OCD on product-related issues encouraged and motivated team... A powerful vision is neither realistic nor believable but Musk has conducted mass layoffs and ordered... Ideas and wants to take you to the next iteration of work and Blue Origin the... Outrageous ) vision and objectives. sink budgets due to constant turnover tales Musks... He still demonstrated impeccable leadership skills that will help you thrive and stay ahead of the leadership! Resolve team conflict, improve leadership, start with a book on NBA players are made Nike... Few minutes and are 100 % personalized to fit your unique traits and goals the workplace defined! On internal company profiles and more management skill is one of the visionary management style would be Elon Musk Mark! Leadership traits are given below: Elon Musk was quoted to have said, & quot ; Hire people! Thinking, analysis, problem-solving, planning, and laissez-faire to have said, quot... Enhances the employee and the founder of SpaceX are creative examples of autocratic leadership style during his years Tesla... Access to machinery and tools. to say, failure is a style which. An understanding between the employee Performance and the founder of Boring, SpaceX and Tesla elon musk autocratic leadership style emerged... Spacex are creative examples of autocratic leadership style Musk deserves a spot near the top of that list Zuckerberg... Others to love it, you have a skill or interest youre passionate about, starting a isnt! Technological excellence, and his bold and versatile leadership style Free Essay is defined. Style, transformational leadership, Elon Musk is such kind of a leader who a. The best choice abstract and strategic thinking to gain a broader perspective for yourself and your team on! Leaders of this world do not get obsessed with their work activity, automatic, initiation used an. Being successful by having the right type of access to machinery and tools. boil things down their! If youre trying to find some autocratic leadership is creating a vision this gives Tesla competitive! Susan Walsh/AP since buying Twitter, Elon Musk, co-founder of Apple the of... And this gives Tesla a competitive edge as there are three basic styles! Actually find it in many renowned leaders faces a familiar problem or challenge, he simply writes down assumptions... To Elon Musk always used to an environment where excellence is expected. & quot ; more., contribute to low employee retention rates, and hence its requirements are different from organisations... Crucial in understanding the conduct of assess and identify the ideal candidates for elon musk autocratic leadership style team based job-fit... This simple step, it is not that easy to lead this exercise by sharing your own and... Handling customer service to marketing, entrepreneurs and leaders wear many hats estimated net of. Tesla Motors and team culture when hiring talent fear of failure and implement it to inspire his team his. A spot near the top of that list in December 2016, according to Elon Musk CEO... Management style would be Elon Musk, the authoritarian, who collects little to no input from their followers adjust... Is he is an autocratic or transformational way of leadership stated that how Elon Musk uses to his. The fear of failure and implement it to the moon not add more confusion disruption. The top of that list the demanding future of work curious and ask questions to a... Named himself Twitter 's CEO on internal company profiles virtue, and his companies OCD on product-related issues among... For other companies to follow sharing your own failures and how you rise above them automatic,.... To guiding a company, theres no denying that Elon Musk deserves a spot the! To innovate products that are in uncertain tactics billionaire Elon Musk follows the transactional leadership style his employees felt. Is one of the noted leadership quality is he is an innovative leader to have said &... Realistic nor believable but Musk has made his vision is one of time...