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? PSYCH 485 | Lesson 12: Authentic Leadership https://psu.instructure.com/courses/2137573/modules/items/32271438. If you enjoyed reading about Elon Musk, can we suggest you check outour in-depth profile of Steve Jobs? He didn't think about anything else. Leaders are often faced with complex challenges that require critical thinking and effective decision-making. As part of this initiative, were taking a closer look at the people and leaders who we feel embody the values that our award is based upon. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. Musks innate sense of curiosity stems largely from the unusual amount of independence he experienced as a child. As a child, Musk became interested in computer programming and taught himself to code. The Musk way. Musk has taken out personal loans amounting to millions to keep his ventures afloat. Managing other people probably puts a lot of strain on him. Elon Musk is famously a workaholic - he boasts of working 120-hour weeks to keep production of the Tesla Model 3 on track - but since we met he seems to have been enjoying himself. That 100% meant enough to him that he put himself in a possibly awkward situation, speaking with his professor, and had the hard conversation that many people shy away from. Co-founder, PayPal. Has potential to influence by contributing something to the world that improves it in a new and different way and creates a social impact. From time to time, take the time to reflect on your own performance as a leader. A railroad. When considering his moral reasoning, it is important to look at the type of products he designs and creates. 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. However, Musk does it in a healthy, constructive way. What would differentiate you from your competitors? will no doubt profoundly impact our world. He may rethink stepping down, or even appoint someone only to sack them. Musk doesnt create and lead in a vacuum: Hes surrounded by employees, board members and stockholders who look to him to guide their next move. His speeches are marked with . By clicking Sign up, you agree to receive marketing emails from Insider The ability to face facts. The Bad: While SpaceX was in full startup mode, Elon's first son, Nevada, was born. 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. And Musk fits that bill perfectly. He then takes each answer to the question and attempts to flesh it out in the best possible way. Since his parents were divorced when he was only nine years old, Elon and his younger brother Kimbal were left much of the time to explore the world on their own. But any replacement will need to be able to steer Twitter back to calmer waters, with Musk remaining majority owner. Tesla balance. Lack of parental supervision enabled the two boys to create their own homemade explosives and rockets. Since then he has made and sometimes walked back numerous changes to the popular social media platform. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? With all said and done, most chief executive officers are only after bolstering bottom lines and keeping investors happy. Musk has never been afraid to make bold decisions, even when it would have been easier for him to do nothing or settle for good enough. Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. How can you and your organization make a positive difference in the world? Its long, but well worth the read! How many opportunities are lost because of our fear of asking? His secret is that he taps into people's yearning for inspiration. He is the son of Maye Musk (Haldeman), a model and dietitian, and Errol Musk, an engineer. The leadership style directly affects Tesla. While Musks resume is pages long, this is the side of Elon Musk that can be easily seen through Google searches and records. He then takes each answer to the question and attempts to flesh it out in the best possible way. Many people would consider Musk to be the most innovative entrepreneur of our time. 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. What is your vision? But this small, simple detail is a defining one. Elon Musk is an American businessman. . Naturally, a good leader needs to foster that courage by encouraging innovation over instant results. When PayPal was sold to eBay, Musk began to focus on what he's best known for today: SpaceX, Tesla Motors and SolarCity. 19 Nicholas A. Christakis, and James H. Fowler, Connected: The Surprising Power of Our Social Networks (New York: Back Bay Books, 2011). We can rattle off Elon Musk's accomplishments in our sleep: co-founder of monetary giant PayPal; founder of Tesla Motors, the electric car company that is changing the world; and founder of Space X, which is focused on space exploration and space travel, and has even sent NASA to the International Space Station on his spacecraft. It's natural to feel afraid when faced with new challenges, but understanding the danger of complacency can help employees overcome the fear and trepidation around failure. Behavioral theories are crucial in understanding the conduct of . Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. He has borrowed huge sums and sold large tranches of Tesla stock to help fund the acquisition. Confidence and independence. An authentic leadership aims to make authenticity paramount. 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. This focus has allowed Musk to perfect the art of getting into a "flow state," which is when "a person becomes fully immersed in an activity," per Very Well Mind. He faced failure and strife, but he maintained his optimism and was able to continue on through his resilience (Northouse, 2019; Cole, 2021). Skip to document. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. He has used his skills to aid in the design of electric cars and even spaceships. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. Question and challenge the status quo. Because "no" meant nothing. Musk has responded that hell step down when he finds someone foolish enough to take over as CEO, saying he will run the software and server teams instead. 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. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. The values that our award is based upon are as follows: We define entrepreneurial spirit as the following: Embodies commitment, vision, calculated risk-taking and capacity for personal growth. He was also a man with a wonderful vision. He received a 98% on one of his tests. Elon Musk is a true visionary using his entrepreneurial mindset, passion for innovation, personal integrity, empathy, and boldness to create an exceptional business. The fast-talking 'Suits' attorney has a lot to say about what it takes to succeed in business and life. What skill does he have that we can implement in our own leadership style? Fowler explains, I know that Im not just having an impact on my son, Im potentially having an impact on my sons best friends mother.19 Managers have the opportunity and responsibility to greatly impact office culture through consistent personal optimism. May 31, 2021. In 2000, he met Justine Musk who would mother six of his children. In fact, there was a time during Tesla inc's infancy when Musk would sleep under his desk and work 75-hour weeks until a specific problem was solved and his goals were accomplished. In 1992, Musk attended the University of Pennsylvania to study business and physics, earning two separate degrees, and while he attended Stanford with the intention of obtaining his Ph D in energy physics, he opted to take advantage of the internet boom. Finally I will identify two other leadership theories that best represent . Among his many ventures, Elon Musk is the CEO of SpaceX, founder of the Boring Company, and co-chairman of OpenAI. Who Will Win? Shareholders in the car firm would probably like their hitherto successful CEO back full time. Because sometimes, more than winning, leaders should inspire. 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. NTB/Carina Johansen via Reuters. Elon Musk does not have those qualities. . Now many of you will read this and think: Why? 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. 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. He received a 98% on one of his tests. By S, As Millennials financial position has deteri, Up to 20% of hires leave within their first 45, Join Spencer and Grant as they talk to BYU student, In this past weekends Saturday Read, Hayden Low, This week on our issue highlight article, Melissa, Quantum Computing: Expanding Future Possibility, Study Abroad: The Key to Being a Top Hire, Dont Put All Your Eggs in One Basket: Diversify Your Supply Chain for Future Stabilit, Now Is The Time: How Business Leaders Can Better Address Mental Health, Have Nothing to Hide? However, Musk does it in a healthy, constructive way. I'll talk about them here. ), Musk has been working to solve these growing problems for more than a decade.To paraphrase an amusing analogy I recently came across: While most industry leaders have been playing checkers, Musk has been playing StarCraft.But more than having a vision, leaders should clearly communicate that vision to their followers. An electric railroad. Why Data Privacy Is Still Important for You, Where Accounting Meets Crimefighting: A more exciting career option for accounting students. Internalized moral perspective is describes an internal understanding of ones morals and living by those in everyday leadership practice (Northouse, 2019). Businesses cant replicate Musks lifetime of experience in their employees. I've known too many people who attempt to bring a certain amount of intensity to their work and burn out, break down or go too far. Because managers generally interact with a large number of employees, they have a tremendous opportunity to influence office culture. He then tried to pull out of the deal in July, before finally taking ownership in October. I believe that he really cares about contributing to society and bringing the human race forward to a better tomorrow.After all, this is the man who allowed other automobile manufacturers to freely make use of Teslas valuable battery technology. As a fan of Elon Musk and his strides to a futuristic way of living, I can appreciate your points about his authentic leadership. If [employees] work in an environment in which leadership tells the truth [and] in which layoffs are not the default in hard timesthe result, thanks to the increased levels of oxytocin and serotonin, is trust and cooperation.8 Leaders who think of their employees before themselves create a work environment that dramatically increases the teams effectiveness. He is considered a visionary business leader who is advancing technology in areas such as space exploration and sustainable energy. That is why our content will always be free, and we would be forever grateful to those who help make that possible. This flow state is only achieved when the person can perform undistracted by other, less significant tasks. I feel the exact same way. Nations hire him to get to outer space. Elon Musk Biography. I dont believe that to be the case with Musk. Musk has perfected the art of remaining focused. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. This might be a little bit more difficult to do, but I think it's possible. For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section. Musk summarizes his emotional response to being bullied as a child, If you get up in the morning and think the future is going to be better, it is a bright day. But is it really a commercial proposition? But the reality has been rather different. SpaceXs experimental rockets frequently make the news for launch failures. Elon is of mostly English descent, along with Afrikaner (largely French Huguenot . He wasn't distracted by other, tedious tasks. 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.. Top editors give you the stories you want delivered right to your inbox each weekday. You must really like us. Encyclopdia Britannica. For better or worse, here are five things weve learned about leadership from Elon Musk. It certainly wouldn't be that way without Musk's unblinking focus at the forefront. When asked which particular work touched him, his response is equally as unique as himself: comic science-fiction novel, The Hitchhikers Guide to the Galaxy. Creates and turns vision into business realities. His other ventures include Hyperloop (his design for a high-speed transportation system that would drastically reduce travel times) and OpenAI (a non-for-profit research company dedicated to artificial intelligence). Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. As a teenager, the self-denoted low point of Musks manual labor career involved donning a hazmat suit to clean boilers at a lumber mill by shoveling steaming goop from the inside of a tunnel. How Elon Musk and Tim Cook Will be Remembered in Business History. Elon Musk is one of the most innovative and driven entrepreneurs of our time. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). Guided by a strong sense of personal values has earned him/her great respect from staff, competitors, advisers, family and wider community. By 2002, Musk has made his first billion after selling his shares in PayPal and went to further expand his abilities with his new company, Space X (Biography.com Editors, 2021). (2021). Is New Business Creation Still Setting Records? 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. elon musk leadership style What is the Elon Musk leadership style (and should you use it)? You dont found the first private company to successfully launch spacecraft to the International Space Station without learning a thing or two along the way. The Harvard Business Review article, Like It or Not, You Are Always Leading by Example explains that all serious leaders recognize that their example has a continuous impact on their company. It has certainly sped up the flow of information (admittedly, inaccurate information as well as the useful kind). Lets continue to gr, Professor Tyler Shumway joined us on our new episo, Come get to know the MSR Team and learn about what, Want to avoid becoming part of the 1.1 TRILLION do, Hello! For some time now, I've been assessing Musk and have outlined five different reasons that explain why he's so successful. Working 120-hour weeks doesn't leverage your unique qualities, it wastes them. But can we. 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). Think of your own work life and the way you go about your day-to-day tasks. I've known too many people who attempt to bring a certain amount of intensity to their work and burnout, break down, or go too far. Related: A German Scientist Predicted That a Person Named 'Elon' Would Lead Humans to Mars. Musks childhood problem with bullies played a large role in developing his optimistic tendencies. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. Warren Buffett. Being a perfectionist, he went to his professor and got them to change his score to a 100%. Has learned from disappointing experiences. Elon Musk Responds to a Request From a Tweeter Who Sent Him the Same Message 154 Times, Stayed True to His Triple 'Win' Strategy to Build a $1 Billion Business, the 10 Most Difficult Conversations to Have in the Workplace. What's the point of doing that? Now look at Tesla: it's a booming giant that's changing the automotive world. Stay laser focused and don't procrastinate. Visionary leadership exists in most, if not all, other fields too. Inspires others to keep up with the pace of change instead of staying with a day-late idea. "AI stresses me out," Musk said near the end of a more than three-hour presentation to Tesla investors about company plans. His father is South African-born and his mother is Canadian-born, from Regina, Saskatchewan, and also has American antecedents. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. First, according to the theory of authentic leadership, Musk had to exhibit positive psychological capacities and moral reasoning, and had to experience a critical event, in order to develop into an authentic leader (Northouse, 2019). He sees problems as opportunities and that is what has led him to his success. These five traits together create what is presumably a great leader (Gavin, 2019). In consideration of the leadership skills of Jobs and Musk, I see four overlapping things. Copyright 20102023, The Conversation US, Inc. 57.5% of more than 17.5 million Twitter users. Explore the amazing adventurehe wishes to take us all upon. 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. We can also absentmindedly rattle off a stream of adjectives that describe him and his leadership qualities: innovator, leader, genius, visionary, futurist, entrepreneur. 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). There's an anecdote Musk's first wife, Justine Wilson, tells of him from back in college when the two first met at Queens University. One employee said "If Elon was not happy, you knew it. Related: 61 Books Elon Musk Thinks You Should Read. 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. Chairman, Solar City. Opinions expressed are those of the author. As of October 2016, his estimated net worth is US$11.5 billion. Many of Musk's grand ideas come from small questions. Elon Musk exemplifies the creative side of autocratic leadership. After a slow start (businesses considered the Internet and online advertising merely a fad), Zip2 took off and after 4 years, and the Musk brothers sold the company to Compaq. Tesla Motors is a maker of electric cars. The primary source of Elon Musk power is his leadership skills. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. Learn to say no.. Later, he said, advice I would give is to not blindly follow trends. This flow state is only achieved when the person can perform undistracted by other, less-significant tasks. Musk is a longtime CEO who has never been afraid of risk. Using his own money from the sale of Paypal, Musk started SpaceX, a company dedicated to lowering the costs of space travel. Here are five leadership qualities that make Musk an exceptional leader. All he focused on was the task at hand. 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. His passion for innovation keeps him motivated and excited about what he does, leading to better business decisions. Why? Write an article and join a growing community of more than 160,400 academics and researchers from 4,572 institutions. Today, Musk is regarded as one of most revolutionary and visionary entrepreneurs of his generation. Indeed, Musks reaction to finally getting his hands on Twitter has been reminiscent of Christmas morning, when children rip open presents, display initial excitement and then quickly lose interest. Elon Musk possesses the ability to think at the system level of design. Musk was born in Pretoria, South Africa, where he lived until he moved to Canada at age 17. In the process of launching hiscompany SpaceX, Musk would learn advanced levels of rocket science from his own personal study. And Musk quickly became one of my personal heroes. Musk has remained true to his vision for the future throughout his career. His vision is so strong and compelling that he inspires other like-minded capable individuals to join his companies and work towards those goals. So the new CEO will need to be confident, perhaps even arrogant, and ready to stand their ground. Even if it was for 2%. This focus has allowed Musk to perfect the art of getting into a "flow state," "the mental state in which a person performing some activity is fully immersed in a feeling of energized focus, full involvement, and enjoyment in the process of the activity." You may opt-out by. When PayPal was sold to eBay, Musk began to focus on what hes best known for today: SpaceX, Tesla Motors and SolarCity.For those of you who are unaware, SpaceX is a company that aims to commercialise space travel. In this week's issue highlight, "Religion in the W, Our 1st Annual Authors Banquet occurred about a, Changing the World One Garden at a Time The Ugly: At SpaceX Elon quickly gained a reputation as a staunch leader. Few more of his leadership traits are given below: Leading with Purpose Collaborative Being Comfortable with Change Operating with integrity Being Continuous learner is a priority Optimistic Be obsessed and obsessive. Mentors are invaluable when it comes to developing a leadership style. 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. I think thats the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.. Nominate him or her for our award by visiting here. One of the most important leadership qualities is excellent problem-solving skills. From his 2014 USC Commencement to his 2017 Tesla Product Reveal, it seems like Musk stutters through every presentation. In his teen years, Musk spent a significant amount of time pouring over religious and philosophical texts. 2.1.3.1 Visionary Leadership Elon Musk is an example of the visionary leader. Bill Gates. He believes that the future of humanity relies on our ability to make bold decisions and take big leaps. Musk was attracted by the possibilities brought about by the rise of the Internet and saw how it could potentially change the world. Dolly Singh, former HR head at SpaceX, says about Elon Musk, "The thing that makes Elon Elon is his ability to make people believe in his vision.". His integrity helps him make bold decisions that others may be unable to make. Inspiring leaders set the example for their employees through consistent hard work and adherence to the companys core values.7. What more noble cause is there? 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). The delegation of duties and the . This management style can exist in all levels of leadership, whether you're a department head, VP, or . While Musks ability to fail may not separate him from his competitors, he differentiates himself with his ability to remain optimistic and wholeheartedly convinced that he will succeed. He displays all of the four key positive psychological attributes discussed in the Northouse (2019) text. Being a perfectionist, he went to his professor and got them to change his score to a 100%. All three of these components together are what make an authentic leader and are what makes Elon Musk an authentic leader. 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. His passion for his work is so intense that it fuels late-night shifts, motivates 80-hour work weeks, and, as we talked about in the last section, sleeping under his desk. And it can be a force for good for example providing data and advice during the COVID-19 pandemic or helping to highlight the failings of politicians or the media even with the unpleasantness and abuse that seem to be an unavoidable part of tweeting. 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. 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. He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. Unfortunately, he died of sudden infant death syndrome. 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. How can you schedule your day so you can complete one task, then move to the next, effectively, excitedly, and purposefully? Musk is the. Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. For example, one recent scholarly study conducted by Andrew Cooper indicates that a learning culture positively impacts organizational performance.3. When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. How often are you distracted? 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. Throughout his career, he has made decisions and moves that align with this vision and help take him closer to achieving them. "What do you do when youre on your lunch break? 2. The initial question is always small, then the answers grow progressively bigger. Tesla CEO Elon Musk, who's originally from South Africa, has perfected the art of remaining focused. Opinions expressed by Entrepreneur contributors are their own. When you lead like Musk, youre always pushing for something greater: We believe everyone could stand to be a little fearless and a little more curious when leading their teams to greatness. 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 2017, Musk resigned from his post with the White House Advisory Council over the United States withdrawal from the Paris Agreement. 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 . Vision: There is no doubt that Musk has a vision. He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. Great post! Authentic leadership has three components to its definition that I believe Elon Musk meets criteria for. He understands the many challenges but is not afraid to take them on. 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