For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and "nano-manager." However, this same leadership style makes him decisive, clear about what he wants to achieve, and motivational. Elon Musk is one of the most notable innovators of the 21st century. Q & A: Tesla's Musk Question 1 The leadership example chosen for this analysis is the case of Elon Musk, CEO of Tesla, and his tweeting out in 2018 that he "funding secured" to take the company private at $420 per share. Ultimately, it impacts organizational performance. Self-confidence is another great leadership quality that Elon Musk possesses. He is most interested in problem-solving, the ability to get results through people, and a no excuses, take responsibility leadership style. This type of leader is action-oriented. 1. . This is because he also shows signs of being an autocratic leader and a transactional leader. Tesla will lose $6,000 for every . Examples of transformational leaders include Elon Musk, Oprah Winfrey, and Jeff Bezos. Most people know he is the CEO of Apple, which is a multinational technology company. Autocratic leaders can't make trust a priority because they are forced to make the rules be the priority. Download: 1109. Why do you want to live? During the. Leadership from the Front. He is well-known not only because of his achievements, but also his way of leading and thinking. While of course he collaborates with a huge number of people - most notably JB Straubel at Tesla Motors - his ambition and vision far exceeds that of those around him, who are constantly just trying to keep up. Elon Musk is an unconventional entrepreneur who is the jack of all trades and master of innovation and entrepreneurship. For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and "nano-manager." However, this same leadership style makes him decisive, clear about what he wants to achieve, and motivational. What You Can Learn From the Leadership Styles of Walt Disney, Henry Ford, Steve Jobs, and Elon Musk Business leaders need to be 'enlightened dictators' to successfully run a company. The study employs a structured observation . He is the CEO and CTO of SpaceX, CEO and product architect of Tesla Motors, Chairman of SolarCity, founder of SpaceX, and co-founder of Zip2, PayPal, and Tesla Motors. Elon Musk is quite possibly the poster child of being the modern-day genius. Instead, he has an autocratic or transformational way of leadership. Musk is such a confident leader that he invests his own money on his business projects. Vision: There is no doubt that Musk has a vision. One of the problem of this leadership is that he often abuses his power and to force the people to follow his. . He is the founder of Tesla Motors. Do Steve Jobs, Elon […] For the autocratic style, Elon Musk is chosen as an example. Elon Musk is innovative Elon Musk quote: "Other advice I would give is to not blindly follow trends. 0. I first became aware of Elon Musk from a tiny blurb in the newspaper. Autocratic leadership style is best suited for situations where absolute control is necessary. Although they are examples of autocratic leadership in business, they have also transformed society. Musk's incredible journey began in South Africa, where he . Elon Reeve Musk is an advancement business visionary, budgetary authority, and specialist. Question and challenge the status quo. By. 6. Autocratic and Participative Leadership. Otherwise, it's not." "There have to be reasons that you get up in the morning and you want to live. Elon Musk Leadership Style 1259 Words | 6 Pages. Randomly pick any book on business leadership styles at a bookstore, and chances are it will sing praises of the democratic, all-inclusive leadership style. Dr. Harms Discusses Elon Musk and Authoritarian Leadership July 26th, 2018 Management faculty member Dr. Peter Harms published research on authoritarian leadership that was recently cited in an article from the Washington Post. . Autocratic leadership tends to get a bad name and often seems to be confused with having high expectations, as discussed above, which makes it difficult to find good examples of successful autocratic leaders that aren't dictators. In 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. The article details the leadership style of Tesla CEO Elon Musk and the loyalty of his supporters. Musk's leadership behaviors coincide with each of Bennis and Nanus' four strategies typically used by transformational leaders (1985, in Northouse, 2013). But he also prefers to work alone and don't . Now think about some business leaders that have had the maximum impact on the world in recent years. - Aggressive, demanding . This present study applies qualitative research method to evaluate the entrepreneurial roles and leadership styles of Elon Musk in Tesla motors. . . henry ford leadership style, autocratic. How it works. Unlike those who embrace "laissez-faire" or "transactional" styles, a transformational leader is marked by their ability to inspire, motivate, and work closely with their teams to produce extraordinary results. The focus of his work is to improve . Elon Musk doesn't always follow one leadership style. That means the partnerships formed by the workers are with the rules, not with people, and that helps to drive down morale over time. Usually, inspiring entrepreneurs including Steve Jobs . 1. Regardless of your opinion on autocratic leadership style, here are a few famous leaders in history that great leaders are known to successfully use the autocratic leadership style to lead their organization. Elon Musk's Leadership Style Free Essay. Words: 2199 Length: 7 Pages Topic: Leadership Paper #: 39223121. Yet, these are names people seek to emulate. Transformational leaders surround themselves with people who want to change the world. Leadership Styles, Business Leaders, Leadership, Leadership Profiles / By Liza Elon Musk is a business mogul, engineer and inventor, best known for founding and leading SpaceX (a company that aims to lower the costs of building rockets with the ultimate goal of multi-planetary colonization by humans) and Tesla Motors (a company that produces . 2). The Transformational Leadership Style of Elon Musk. Secondly, you may not like how he looks or what he has to say, but you definitely have to respect what he has accomplished, so far. Bill Gates adopted an autocratic leadership style in the early years of Microsoft to ensure the company grew at the pace that he had envisioned. On the flip side, a charismatic leader like Richard Branson has found success by leading in a much different manner. This present study applies qualitative research method to evaluate the entrepreneurial roles and leadership styles of Elon Musk in Tesla motors. What's the point? Kuboye Rd, Marwa, Lekki ; business@baynetfuse.com +234 815 833 7849 . Tesla also shows high workplace injuries at the company . At the same time he is admired worldwide for his entrepreneurial and leadership skills. Elon Musk Leadership Style. There is full disclosure of his goals throughout the. Leadership styles have significant effects on organizations. He believes in personal transformation and hard work. He believes there's a better way to do everything, and he sets his sights on . Elon Musk's leadership style has been described as a transformational one when you think about the different leadership styles. ELON MUSK- LEADERSHIP STYLE 1 Elon Musk- Leadership Style Manik Kaur California State University, Los Angeles Problem Statement/ Purpose Elon Musk is widely spoken of as a visionary, innovator, and a transformational leader. Elon Musk deeply believes technology should be used to solve big problems and better humanity. Elon Musk's leadership style, transformational leadership, focuses on creating real positive change in the world. how to increase takeaway sales 124 T.F. This leadership style makes it difficult to correct poor results. Steve Jobs and Elon Musk are good examples of this confusion. (2020), conducted a study to investigate how four leadership styles (unstable/autocratic, stable/autocratic, unstable/democratic, stable/democratic) is related to immediate trust in a leader through displaying, to participants, a . 3 min read. Scott, a sought-after Silicon Valley CEO coach and author of the New York Times bestselling book " Radical Candor ," details three traits that make Musk an exceptional leader, as well as one . Autocratic and Transactional Leadership Traits Elon Musk's leadership qualities are awe-inspiring but can also verge on being borderline toxic. OK. He found some of the world's most innovation and successful companies in the world, like PayPal, Tesla Motors, Neuralink, SpaceX, and The Boring Company. Elon Reeve Musk is a Canadian American businessman, engineer, and innovator born in South Africa, June 28th 1971. He holds South African, Canadian, and U.S. citizenship and is the Author, CEO, and lead originator of SpaceX prime supporter, CEO, and item draftsman of Tesla, individual advocate and CEO of Neural ink . The study places its focus on the general review of Elon Musk's leadership and attempts to match the leadership traits with some traditional leadership approaches widely recognized in leadership theory. When you think about the defined leadership styles, Elon Musk's style is best defined as transformational. In the film, the car had been able to transform into a submersible . . For the democratic style, Tim Cook is chosen. You could also define these two approaches as directing—employees are told what to do and how to do it, with little room for input—and permissive, which provides directives while leaving more room for creativity in the "how." He has a vision of a world that is no longer reliant on fossil fuels, is maximizing their use of green energy, and is exploring space . He loves to innovate products that are far from ordinary and engage in tasks which not many people try to venture into. The Leadership Qualities of Elon Musk. Autocratic Leadership Style. Example of Elon Musk leadership style . He also has an outsized ego (Wong 2018) and also being inhumanly cold to his staff (Metz 2018). henry ford leadership style, autocratic. Tesla's future as a mass-market car company hinges on efficient, automated production of the Model 3. Elon Musk leads with a genius ability to detect talent, energy, smarts, and total commitment. Autocratic and Transactional Leadership Traits Elon Musk's leadership qualities are awe-inspiring but can also verge on being borderline toxic. Musk has exercised the autocratic leadership . Elon Musk. Musk is notorious for doing things that people consider impossible. What makes Elon Musk an ethical leader? Great leaders are able to weather challenging days because of their fierce commitment to their convictions. Autocratic leaders believe that the best . School University of Nairobi; Course Title FINANCE HSM/240; Uploaded By mwanikid5. 2. For instance, it influences organizational culture and determines how leaders address conflict. By Posted sobeys holiday hours 2021 In healthy omelette with meat. First things first, Elon Musk is NOT an entertainer, he is an entrepreneur, period. Elon's academic achievements in regards to higher studies began with 2 Bachelor's Degrees, 1 in physics and the other in economics . . Leaders of Silicon Valley such as Bill Gates, Steve Jobs and Elon Musk all are examples of autocratic leadership. On the other hand, the leadership style used by Bill Gates is autocratic, as he is good enough in taking the best decisions for his company, hires the genius people to work in his organisation and he don't like to listen the complaints. A dogmatic and controversial leader, Elon Musk is one of the most influential CEOs and entrepreneurs in the world today. One of the example is autocratic leadership style by Elon Musk, the CEO of Tesla. Perseverance through lots of adversity. This is because he also shows signs of being an autocratic leader and a transactional leader. Consequently, leaders must adapt their approach to achieve the desired outcome. Leaderonomics. Elon Musk is a successful serial entrepreneur with a reputation as a creative genius who founded PayPal, Space X and the Boring Company. Tesla leadership is frequently a topic of heated debates. 0 . The leadership profile of Elon Musk: - Overall autocratic leadership style - lacks flexibility, concern for productivity is much higher than concern for people. 'Steve Jobs' leadership style was autocratic; he had a meticulous eye for detail, and surrounded himself with like-minded people to follow his lead. Some managers hire people to complete boring tasks. Elon Musk. Order Original Essay. Elon Musk does not have a democratic or aristocratic way of leadership. His methods are applied by young businessmen who are eager to . Low-level leaders who are unwilling to question his decisions and authority surround him. His emphasis on honest feedback helps reveal areas where he and others need to improve. 1. Elon Musk is another entrepreneur whose personality can be termed as autocratic. On the flip side, a charismatic leader like Richard Branson has found success by leading in a much different manner. Elon Musk, one of the most creative leaders of our time, is widely seen as a visionary. . He is the founder of companies such as; SpaceX, Tesla, Inc, The Boring Company, co . Like all great visionary leaders who are ahead of their time, he is collaborative, but single-minded at the same time. Coercion, dictatorship, and autocracy are bad, it will claim. In the twenty-first century, leader- ship is a challeng e not only to lead an organi zation but also to lead the enviro nment as the bu siness envi ronment is chan ging dynamical ly. Organization and the leadership help in understanding. He has little regard for formally educated, book-smart people and most values creativity. There are many things to learn from Elon Musk journey from a . Yet the amazing vision and drive that make up the leadership style of Elon Musk sometimes mean that " an engineer might spend nine months working 100 hours a week on something because Musk has pushed him to, and then out of nowhere Musk will change his mind and scrap the project.". 09-09-2016. You think that Elon Musk is overrated. Some characteristics, however, seem more consistent than others. The various leadership styles that were used by Elon Musk ton establish himself in the business organisation are :- Laissez-Faire - In this type of leadership, the leader does not have direct supervision on the employees and does not even provide a feedback to the people who are working under him (Bratton, J. and Gold, J., 2012). Elon Musk is a young and prosperous leader who has his leadership style. As a transformational leader, Elon Musk, of Tesla Motors, demonstrates "incredible vision, . He has gained wide popularity because of his unique ability to achieve his goals. Inc. Entrepreneur and business magnate. These two leadership styles summarize the two approaches to autocratic leadership: inspirational or dictatorial. The study places its focus on the general review of Elon Musk's leadership and attempts to match the leadership traits with some traditional leadership approaches widely recognized in leadership theory. Elon Musk's Moral Muteness. Musk used both the leadership styles that include the transformational and t ransactional style s ( Odumeru, and Ogbonna, 2013 ). Yet, while his unique personality and boundless creativity have led to incredible success for his. Bill Gates leadership style is authoritarian (also known as autocratic), however most leaders including Gates exhibit more than one style of leadership. Apparently, the billionaire had been the highest bidder for a Lotus Esprit from the James Bond film, The Spy Who Loved Me. Having exercised an autocratic leadership style at each of his various enterprises, including car manufacturer Tesla and space exploration agency SpaceX, he has regularly overseen prosperity and success. Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. We're breaking down five of the most important elements of the Elon Musk leadership style, as well as how those relate to different Fingerprint for Success motivations. Having an autocratic leadership style is characteristic of the company's CEO Jeff Bezos. Elon Musk is considered one of the most influential leaders in the contemporary world. This style allows a leader to impose expectations and define outcomes too. Top 5 Elon Musk Transformational Leadership Quotes "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. Pages 14 Ratings 100% (1) 1 out of 1 people found this document helpful; This preview shows page 6 - 9 out of 14 pages. Just like your own home, your opinion is your castle, period. For example, Olsen et al. Jobs, Bezos, and Musk have persevered through incredible amounts of adversity. He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. This leadership style is characterized by individual control, where there's little input from group members, and choices are being made on individual ideas and judgments, rather than upholding others' advice. Musk continually encourages people to strive for better results. Although his dominant style appears to be autocratic, it could also be said that his style is transformational. Tesla CEO Elon Musk just unveiled a cheaper Model 3. Now that we have discussed the pros and cons of the autocratic leadership style let's look at some famous examples of autocratic leaders. The study employs a structured observation . Henry Ford, an example for autocratic leadership, transformed the common person's . 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 . 2.2 Different types of leadership styles Leadership plays a vital role in order for an organization to succeed, by effectively managing and controlling employees the type of leadership style. Tesla CEO and co-founder Elon Musk is a controversial figure. It can be evaluated that the transform ational leadershi p and
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