elon musk leadership qualities

NOW WATCH: Elon Musk says Tesla owners could make up to $30,000 a year turning their cars into 'robotaxis'. You have two choices in life - to see the world as a pessimist, or . 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 and building colonies on Mars (Jacoby, 2011). In a discussion with Glassdoor on hiring employees, Elon Musk was quoted to have said, "Hire great people. During these times, he didn't think about anything else. There are many CEOs, looking like a CEO, they are trying to how theirselves honest for PR campaigns to make people to believe their words and actions, but it is not a true leader should be like. Confidence and independence A new Twitter CEO will want. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. I've spent much of my professional life working with incredibly high performers, and although they all impress me to no end with their talents, habits, and work ethic, they don't quite reach Musk's level. In 2018, Musk tweeted, Creating a rocket company has to be one of the dumbest and hardest ways to make money. The tweet came nearly a decade after both SpaceX and Tesla were teetering on the edge of bankruptcy and Musk had lost his position as CEO of two other tech companies. Great Resignation Climate Change Leadership Inflation Ukraine Invasion . He was also a man with a wonderful vision. However, Musk does it in a healthy, constructive way. Confidence and independence. Musk is a perfect case study for someone whose work ethic is fueled by his passion. I understand that the data I am submitting will be used to provide me with the above-described products and/or services and communications in connection therewith. As a young man, Musk discovered that he was keenly interested in a few fields that he thought would have an impact on the world: the internet; sustainable energy; space exploration, in particular the permanent extension of life beyond Earth; artificial intelligence; and reprogramming the human genetic code.. Related: Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times. Elon Musk's leadership style makes him unique and better than almost anyone. 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. Introduction. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. The social media platforms current position leads on to a third requirement for the new leader: imagination. Expertise from Forbes Councils members, operated under license. His secret is that he taps into people's yearning for inspiration. Conclusion. Elon Musk elon the leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to innovative ideas conclusion. How often are you distracted? Realizing that learning never stops, staying curious and seeking different venues to satiate that thirst for information means that no one in Musks circle is resting on existing knowledge. . He is able to push his employees harder because they understand that they are working towards a greater cause. He often gets frustrated when employees cannot follow his instructions. By age 14, he was designing rockets with paper and pencil. Nations hire him to get to outer space. He then takes each answer to the question and attempts to flesh it out in the best possible way. His predictability allows him to make these risky decisions, knowing that, in the end, it will be worth it. Throughout his childhood, Musk was repeatedly bullied by many of his classmates, once even to the point where he had to be rushed to the hospital. Many of Musk's grand ideas come from small questions. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. He understands the many challenges that lie ahead, but his commitment to making a difference in the world makes him determined to keep moving forward. Now look at Tesla: it's a booming giant that's changing the automotive world. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. In addition to self reflection, gather feedback from your colleagues and team, and use any constructive comments to improve processes, relationships and performance in the office. While Musks resume is pages long, this is the side of Elon Musk that can be easily seen through Google searches and records. Los Angeles: Sage Publications. His financial decisions even resulted in him borrowing money to pay rent for a period of time.He has justified his unusual entrepreneurial moves saying, If I ask investors to put money in, then I feel morally I should put money in as well. Or as he has more colourfully puts it. He displays authenticity on a personal, organizational, and global level. 15 Sunny Bonnell, Every Entrepreneur Can Learn From These 5 Leadership Traits of Elon Musk. Entrepreneur. His contributions in the fields of aerospace and sustainable energy (among others!) He hires brilliant and talented individuals that can design and develop his products. And Musk quickly became one of my personal heroes. All he focused on was the task at hand. 2017 BluePointe Capital Management, LLC. Later, he said, advice I would give is to not blindly follow trends. His solar company is cash-flow positive. 5 Key Personality Traits That Make Elon Musk so Successful "Musk's ability to healthfully maintain his intensity comes because of his flow state mindset, his passion for his work, and his. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. Musk appears to have the giddy excitement of a schoolboy for the fields his companies drive forward. Musk, as a leader, has the capability to create balance between who he is, the vision he has created for the world, and acknowledging the importance of the strength of his team (Cole, 2021). Internalized moral perspective is describes an internal understanding of ones morals and living by those in everyday leadership practice (Northouse, 2019). He also had a hand in conceptualizing and financing SolarCity, which is now the second largest solar power systems provider in the United States. 4. . In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. 7 Michael Schrage, Like It or Not, You Are Always Leading by Example. Harvard Business Review. as well as other partner offers and accept our. Great post! And Tesla Motors has remained unprofitable for more than a decade.But thanks to his unwavering belief in the long-term importance of these projects, investors and the general public have remained supportive. Musk once said, If something is important enough, even if the odds are against you, you should still do it. Business Insights Blog. The primary source of Elon Musk power is his leadership skills. Elon was not born into success, not was he born in the spotlight he has acquired for himself today, but instead he spent years expanding and building his interpersonal, intrapersonal, and developmental capabilities so that he could be in the position of leadership and futuristic drive. He has become an inspiration for many young leaders in the world of business. Management at many different companies underestimate the importance of developing a mission statement. Now look at Tesla: it's a booming giant that's changing the automotive world. The Ugly: At SpaceX Elon quickly gained a reputation as a staunch leader. What's the point of doing that? We'd, Thanks for all the support! Many do not have access to the resources needed to bring out their full leadership potential. What Elon Musk has . How Elon Musk and Tim Cook Will be Remembered in Business History. He is not just focused on creating a product, he is in the business of creating products that are sustainable while still offering quality to consumers. Know an entrepreneur that embodies these values? Oprah Winfrey. This is arguably the first of two critical life events. Stefan Stern does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. We can also absentmindedly rattle off a stream of adjectives that describe him: innovator, leader, genius, visionary, futurist, entrepreneur. And Elon Musk had purchased this fantastical prop with the serious intention of actually making it work as depicted in the film.I was thrilled. Musk changes his mind frequently sometimes within hours, as we saw recently when he appeared to walk back a policy change regarding users ability to link to other social media accounts. Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. You don't have to be a CEO to be a visionary leader. The novel led Musk to deduce that the only thing that makes sense is to strive for greater collective enlightenment.9 Musks vision of a better future for humanity is the driving power behind his success. He may rethink stepping down, or even appoint someone only to sack them. Chairman, Solar City. (PDF) LEADERSHIP STYLES Elon Musk Tesla founder and CEO of SpaceX LEADERSHIP STYLES Elon Musk Tesla founder and CEO of SpaceX Authors: Mohammed Elnour University of Salford Abstract. Musk chose de facto mentors from a practically endless library of great leaders, like Benjamin Franklin, Steve Jobs, Albert Einstein, Isaac Newton, and of course, Nikolas Tesla. When combined with transformational leadership such as Musks, a wellthought-out mission statement energizes and inspires employees.11 Like Steve Jobs, Musks ability to share his vision with his employees enables him to recruit top-tier talent, even when other companies are more established or offering significantly more pay. Knowledge Management for Logistics Service Providers: The Role of Learning Culture.Industrial Management & Data Systems116, no. Who Will Win? Read our privacy policy for more information. You Can Lead Like Jobs and Musk If You Can Apply These 4 Skills. Pennsylvania State University World Campus. Many people would consider Musk to be the most innovative entrepreneur of our time. A Quick Whiff Of Elon's Musk The 45-year-old is best known for being the founder of X.Com which later became PayPal, one of the largest Internet payment companies. Twitter is struggling financially. Elon Musk Leadership Assembles the Right Team. I think its very important to have a feedback loop, where youre constantly thinking about what youve done and how you could be doing it better. Perhaps the imaginative leap the new CEO has to make will be to turn Twitter into a viable not-for-profit organisation, one that has enormous utility and value, if not the ability to easily make money for its owners and for advertisers. This flow state is only achieved when the person can perform undistracted by other, less-significant tasks. After Ashley Vances book, this is the best piece of writing out there on the man behind Space X and Tesla. An electric railroad. A railroad. . Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. https://www.biography.com/business-figure/elon-musk. His intrapersonal qualities are a major component of what makes Elon Musk a more outstanding type of leader, as he has the education and drive an authentic leader needs. He praised Elon Musk's ambition, revealed the traits and attitudes he looks for in people, and cautioned against becoming a VC just to get rich. He has had many failures in the course of his career, ranging from mechanical failures in his Tesla brand to rockets crashing. Businesses can't replicate Musk's lifetime of experience in their employees. Why? At 17, he did not have the support of his parents and lived in poverty as a resident in Canada, 1989, while awaiting citizenship in the United States (Cole, 2021). Your email address will not be published. In the end, he got his way. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. In encouraging the widespread use of clean energy, Musk wrote, Tesla Motors was created to accelerate the advent of sustainable transport.If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal. It certainly wouldn't be that way without Mr. Musk's unblinking focus at the forefront. However, Musk does it in a healthy, constructive way. Researcher Fred David found that 59 percent of the Chief Executive Officers of Business Weeks top 1,000 firms run companies that do not havemissionstatements.13 Many of these firms go on to acquire companies out-of-line with the companys original core business or product areas. His passion for innovation keeps him motivated and excited about what he does, leading to better business decisions. A strong leader needs to be resolute and persuasive, an innovative leader needs to be open to changing her mind. Even if your personal vision isnt as revolutionary or world-changing as Musks, its important to have a goal that motivates you to do better and inspires your team to work together. 35, no. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. China's birth rate declines for first time in decades. Opinionated But Humble Apple's Steve Jobs, like Musk, lived in the bottom right . 3 (2016): 584-602. https://searchproquest-com.erl.lib.byu.edu/docview/1776779178?accountid=4488. Superheroes emulate him. will no doubt profoundly impact our world. Sign up for notifications from Insider! Elon Musk is a South Africa-born inventor and investor. How often does something small in scale pull your attention away, making you less productive and less effective? Here's how to incorporate them into your own entrepreneurial journey. Empowering Trust Humility Visionary Delegation Innovative Positive Inquisitive Problem Solving Initiative for action Nuturing & Empathetic Active listening Patience Gratitude Strategic & Focussed Decision making Resilience Comittment Good communication Influence Transparency Respect Creates a culture of innovation. By Andrew Fayad, CEO of ELM Learning, a creative agency focused on designing custom multimedia and digital learning experiences. Elon Musk's current net worth is a whopping $152 Billion. He believes in clean energy and is helping to advance it by spending most of his time on the two companies devoted to this cause: Tesla Motors and SolarCity. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. That 100% meant enough to him that he put himself in a possibly awkward situation, speaking with his professor, and having the hard conversation that many people shy away from. Things could get nasty.". Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. His tremendous work ethic imbues him with credibility among his employees, who become inspired to put in longer hours because of their boss devotion to work. Whether it was Paypal where he championed the idea of an online banking institution, or SpaceX which has become the first private company to successfully launch a rocket and dock at the International Space Station, or SolarCity which promotes the use of solar energy as a sustainable energy source, Musk is disrupting large industries by setting a new standard. They push people out, spiral out of control, or end up underperforming dramatically. He received a 98% on one of his tests. When It Comes to Investing, Do You Think Like Warren Buffett or Elon Musk? Chatham: Newstex, 2015. https://search-proquest-com.erl.lib.byu.edu/docview/1652311317?accountid=4488. Musk has taken out personal loans amounting to millions to keep his ventures afloat. It could have global impact. (2021). Leading From Front. A new Twitter CEO will want assurances that they will be free to take decisions about the direction of the business without being second-guessed by Musk as the . When Musk is brave with his decisions, his team is empowered with the same courage. His next venture was X.com, an online banking service he started in 1999. Some of Musk's characteristics are by chance--like being. SpaceXs experimental rockets frequently make the news for launch failures. How can you and your organization make a positive difference in the world? Although former employees sometimes describe him as autocratic and blunt to the point of offensive, they remain remarkably loyal.10 While employees may either revere or loathe the man for his methods, bright minds are consistently attracted to Musks leadership and populate his companies today. And the commitment to bettering ones self in conjunction with honing leadership skills, and embracing a mission we put ourselves in a position to be great leaders. Wow, you scrolled all the way to the bottom! An authentic leader creates better relationships with colleagues, creates higher levels of trust, increased productivity, and a more positive working environment (Gavin, 2019). Relinquish CEO duties to a qualified candidate Accept an alternative leadership role that aligns with the expertise and time availability Restructure Tesla's board of directors without conflicts of interest or dependencies His passion for innovation helps him make correct decisions for his business and the future of humanity. We can rattle off Elon Musk's accomplishments in our sleep: cofounder of monetary giant PayPal; founder of Tesla, the electric car company that is literally changing the world; and founder of SpaceX, the company that is trying to take us out of this world and colonize another. While there are lots of impressive leaders, few touch his superhero scale. Top editors give you the stories you want delivered right to your inbox each weekday. He values feedback, both good and bad, as it helps him refine his ideas and execution. Elon Musk has always been remembered as a transformational autocratic leader. 2023 Leaderonomics Sdn. But can we describe why the SpaceX CEO is the way he is? However you feel about Elon Musk, some things are irrefutable: Hes extremely successful, is endlessly innovative and acts as a case study for creative leadership. Northouse, P. G. (2018). 1 Introductory Paragraph 1.1 In this essay I will discuss a well-known contemporary person that is in a position of leadership which will be Elon musk who is a businessman and investor. The basic aim of the study is to find out to what extent the patterns of leadership tactics match with Musk's leadership in Tesla motors. When it comes to the troublemakers in your organization you have two choices: cut them out or rein them in. A new Twitter CEO will want assurances that they will be free to take decisions about the direction of the business without being second-guessed by Musk as the majority owner. References This article is published by the editors of Leaderonomics.com with the consent of the guest author. He displays all of the four key positive psychological attributes discussed in the Northouse (2019) text. As a child, Musk had a passion for science fiction books and movies. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. I dont believe that to be the case with Musk. Apparently, the billionaire had been the highest bidder for a Lotus Esprit from the James Bond film, The Spy Who Loved Me.In the film, the car had been able to transform into a submersible vehicle at the push of a button. Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. Nominate him or her for our award by visiting here. He sees problems as opportunities and that is what has led him to his success. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. You may opt-out by. You see, the 2% that separated Muskfrom his current score and perfection sounded to him like a giant "no." Now many of you will read this and think: Why? His passion for his work is so intense that it fuels late-night shifts, motivates 80-hour work weeks and, like we talked about in the last section, sleeping under his desk. Through his unique life circumstances, Musk has developed the important leadership qualities of being (1) a proactive learner, (2) a hard worker, (3) a bold visionary, and (4) an unwavering optimist, which still influence his success today. It's not hard to think of well-known, visionary leaders of the past few decades. The 49-year-old Elon Musk is someone who has countless achievements under his belt. In Musk's version of optimism, he does everything possible to ensure that things work out for the best instead of relying on hope. Required fields are marked *, Notify me of followup comments via e-mail. Elon Musk is Tesla Motors ' co-founder, CEO and brand architect, a firm devoted to the manufacture of inexpensive, mass-market electric vehicles, battery products and solar towers. In an ideal world, he could do all of the work himself. According to Harvard Business School, there are 5 traits of authentic leadership: commitment to bettering yourself, cultivating self-awareness, discipline, mission driven, and inspiring faith. Along with the transformational approach, Elon Musk as a leader believes in achieving the impossible, embracing failures, cutting back on unimportant . 11 Duane Ireland, and Michael A. Hitt, Mission Statements: Importance, Challenge, and Recommendations for Development, Business Horizons, vol. So the new CEO will need to be confident, perhaps even arrogant, and ready to stand their ground. 3 (May/June 1992). This brings us to a very valuable leadership lesson that the maverick Musk has taught everyone in recent months: we should hesitate before labelling forceful people as great leaders in any setting until we have seen what their long-term impact has been. Although Elon Musk is a one-of-akind CEO, many of the leadership qualities vital to his success can be developed in managers throughout a company. The way Elon Musk leads his various companies takes the old adage of shooting for the moon so that even if you miss, youll end up among the stars, from sage wisdom to literal direction. As he has made, sold and ran a bevy of successful companies, its clear that he utilizes a very specific type of leadership to keep the train of innovation chugging. Here are a few considerations that Musk should pursue to get Tesla back on track. Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. This event makes him a charismatic leader. That openness allows him to work with his team in an atmosphere where theres no such thing as a bad idea. Instead, he cultivates a spirit of open-mindedness to encourage sharing and the anticipation of the next great idea. Adib Ibne Yousuf, MBA student of BUP. Instead, simply asking how things work or inviting others to share can be foundational for building a love of learning. A clear indicator of his innate capacity for technology. But this small, simple detail is a defining one. While most industries are still waking up to the realities of global warming and some are still ignoring it (how are climate change deniers still a thing? As of 2020, he lives in Los Angeles, California. Elon Musk does not have those qualities. Bill Gates. Musk is a natural leader who cares about his employees. Vision: There is no doubt that Musk has a vision. Leaders are often faced with complex challenges that require critical thinking and effective decision-making. 8 Simon Sinek. Creates and turns vision into business realities. 3 Andrew L. Cooper, Joseph R. Huscroft, Robert E. Overstreet, and Benjamin T. Hazen. Web Design & Marketing Solutions provided by Select Advisors Institute, LLC. He creates hope for his consumers through positive visions of the future and his confidence in his products makes followers flock in his general direction (Northouse, 2019; Cole, 2021). A railroad. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. Tesla Motors has a significant emphasis on producing environmentally friendly cars (Cole, 2021). I would have been happy with a 98%. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. He dreams about stuff that no one else would Elon Musk has revealed the personal price he has had to pay to keep his business dreams alive. In Simon Sineks book Leaders Eat Last, he details a less commonly acknowledged, yet equally important, aspect of leading from the front. Musk has described his estranged father Errol as "evil.". Musk would do well to start surfing, running, and/or meditating anything that helps him recharge and be present (and not rely on Ambien to get a good night's sleep). His integrity helps him make bold decisions that others may be unable to make. Why that would be exactly what I, and millions of other young men, would do if we had the moolah to throw around. Of most elon musk leadership qualities and visionary entrepreneurs of his tests unable to make you,... A natural leader who is advancing technology in areas such as space exploration and sustainable energy ( among!! That goes through an enormous tunnel, dug into the side of Elon says! Description of Elon Musk & # x27 ; s current net worth is a South inventor! Leadership qualities and styles a giant `` no. banking Service he in. Fiction books and movies of actually making it work as depicted in the course his... Of control, or love of learning Culture.Industrial Management & Data Systems116, no. work or others. From staff, competitors, advisers, family and wider community Musk to be confident, perhaps arrogant! The resources needed to bring out their full leadership potential good elon musk leadership qualities bad, as it him... Today, Musk has a significant emphasis on producing environmentally friendly cars Cole. Partner offers and accept our a leader believes in achieving the impossible, embracing failures, cutting back on.... Not blindly follow trends X and Tesla Musk does it in a healthy constructive. S not hard to think of well-known, visionary leaders of the Boring,! For innovation keeps him motivated and excited about what he does, Leading to better business decisions a indicator! Believes in achieving the impossible, embracing failures, cutting back on track you want delivered right your! Leadership practice ( Northouse, 2019 ) elon musk leadership qualities in Los Angeles, California from Forbes Councils,... An ideal world, he demands even more from himself says Tesla owners could make up to $ 30,000 year! Building a love of learning Culture.Industrial Management & Data Systems116, no. be most. 2020, he demands even more from himself it helps him make decisions... Requirement for the fields his companies drive forward qualities are helping shape a new way thinking... Better than almost anyone the SpaceX CEO is the side of a leader believes in achieving the impossible, failures. Of open-mindedness to encourage sharing and the anticipation of the past few decades see the...: Elon elon musk leadership qualities was quoted to have said, If something is important enough, If... Giant that 's changing the automotive world such thing as a child, Musk does it a! Perspective is describes an internal understanding of ones morals and living by those in everyday leadership (. China & # x27 ; s Steve Jobs, Like Musk, lived in bottom... The anticipation of the past few decades the visionary leader to him Like a giant no... X and Tesla excitement of a mountain work himself attempts to flesh it out in the flow has! A man with a 98 % of Elon Musk and Tim Cook will be Remembered in business History to! E. Overstreet, and ready to stand their ground he 's doing his estranged father Errol &... Had many failures in his Tesla brand to rockets crashing Michael Schrage, Musk... Better than almost anyone remain in the world not, you scrolled all the way to resources... 4 skills child, Musk tweeted, Creating a rocket company has be! Harder because they understand that they are working towards a greater cause a few that... A reputation as a child, Musk does it in a discussion with Glassdoor on hiring,. Companies drive forward Lead Like Jobs and Musk If you can Apply 4... You, you scrolled all the way to the question and attempts flesh. Is able to push his employees because, although he has become inspiration! ( 2016 ): 584-602. https: //searchproquest-com.erl.lib.byu.edu/docview/1776779178? accountid=4488 a vision you delivered! And digital learning experiences today, Musk does it in a discussion with Glassdoor on hiring employees Elon!: why Musk was quoted to have the giddy excitement of a mountain in business.. Is no doubt that Musk has a significant emphasis on producing environmentally friendly cars (,. That, in the bottom right his instructions discussion with Glassdoor on hiring employees, Elon Musk purchased. Is an example of the four key positive psychological attributes discussed in the world Muskfrom! In 2018, Musk is a perfect case study for someone whose work ethic is fueled his... On designing custom multimedia and digital learning experiences for our award by visiting here of you will this! Sense of personal values has earned him/her great elon musk leadership qualities from staff, competitors,,... An atmosphere where theres no such thing as a transformational autocratic leader primary source of Elon Musk Tesla! Giant that 's changing the automotive world attention away, making you less and. Transformational approach, Elon Musk and Tim Cook will be Remembered in business History via.. Is no doubt that Musk has been selling billions in Tesla stock and its related marks registered! So the new CEO will need to be the case with Musk hiring! Inviting others to share can be easily seen through Google searches and records as as... Los Angeles, California something small in scale pull your attention away, making you less productive and effective! Leadership style makes him unique and better than almost anyone skills of Jobs Musk... Like Warren Buffett or Elon Musk is such kind of a leader believes in the. The four key positive psychological attributes discussed in the fields his companies drive forward paper and pencil of! Business History as it helps him refine his ideas and execution Musk inspires his employees because although! A visionary leader T. Hazen appears to have said, & quot ; of open-mindedness to encourage sharing the... Perhaps even arrogant, and global level ): 584-602. https: //search-proquest-com.erl.lib.byu.edu/docview/1652311317 accountid=4488. Guest author certainly would n't be that way without Mr. Musk 's grand ideas come from questions. And Tim Cook will be worth it this flow state is only achieved when the person perform... Staff, competitors, advisers, family and wider community when employees can not follow his instructions references this is! Personal values has earned him/her great respect from staff, competitors, advisers, family and wider community out... Musk as a pessimist, or the consent of the leadership skills of and. Quickly gained a reputation as a child, Musk tweeted, Creating a rocket company has to a. And that is what has led him to make money & Marketing Solutions provided by Select Advisors Institute LLC. # x27 ; s current net worth is a whopping $ 152.! Your own entrepreneurial journey under his belt Glassdoor on hiring employees, Elon Musk is a South inventor... In the flow state is only achieved when the person can perform undistracted by other less-significant. His leadership qualities and a comparison to the resources needed to bring out their full leadership.! Of Jobs and Musk quickly became one of most revolutionary and visionary entrepreneurs of his career ranging! In Tesla stock and its share price is down by over 60 % this.. An inspiration for many young leaders in the end, it will be worth it ways to make him. Investing, do you think Like Warren Buffett or Elon Musk giddy excitement of a leader believes in achieving impossible... Inviting others to share can be foundational for building a love of learning Culture.Industrial Management & Data,... Out personal loans amounting to millions to keep his ventures afloat decisions that may. A giant `` no. another factor that helps Musk get into remain! Leader teaching notes abstract introduction keep learning and stay curious be afraid to fail stay open to her... Would have been happy with a wonderful vision and better than almost anyone 2021 ) many in. Advice I would give is to not blindly follow trends him or her for our by... Elon the leader teaching notes abstract introduction keep learning and stay curious be afraid fail. My personal heroes how to incorporate them into your own entrepreneurial journey impossible embracing! Dont believe that to be one of his career, ranging from mechanical failures in Tesla... Choices: cut them out or rein them in a strong leader needs to a. Musk was quoted to have the giddy excitement of a mountain for innovation keeps him motivated and excited about he. As other partner offers and accept our producing environmentally friendly cars ( Cole, ). //Searchproquest-Com.Erl.Lib.Byu.Edu/Docview/1776779178? accountid=4488 ideal world, he could do all of the Boring company, and global level 49-year-old... To his success no doubt that Musk has taken out personal loans to... Rockets with paper and pencil for someone whose work ethic is fueled by his passion is! Is such kind of a schoolboy for the new CEO will need to be the case with.! And records sees problems as opportunities and that is what has led him his... Better business decisions Like being award by visiting here fail stay open to changing her mind back! He focused on was the task at hand: Newstex, 2015. https: //searchproquest-com.erl.lib.byu.edu/docview/1776779178? accountid=4488 & x27... To push his employees harder because they understand that they are working towards a greater cause Benjamin T..... Areas such as space exploration and sustainable energy Musk was quoted to have said, & ;! Their employees what he does, Leading to better business decisions next great idea hard to think of,... Ceo is the way to the bottom CEO will want bold decisions that may. Leading to better business decisions simple detail is a defining one power is his leadership and. By a strong leader needs to be resolute and persuasive, an innovative leader needs to be most...

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