When a leader exhibits these qualities, it creates a sense of trust and authenticity in followers. Question and challenge the status quo. And can we not only quantify those things that make Musk so successful, but also begin to embody themin our own lives? Related: 61 Books Elon Musk Thinks You Should Read. Skip to document. From time to time, take the time to reflect on your own performance as a leader. This might be a little bit more difficult to do, but I think it's possible. The interpersonal definition for authentic leadership defines the relationship between the leader and the followers and the trustful bond they acquire; intrapersonal qualities define the knowledge, self-regulation, and trueness of the leader; and developmental qualities of authentic leadership define the possibility of this leadership ability to be acquired (PSU WC, L. 12). According to published work by Walumba and associates (2008) as discussed by Northouse (2019), the four components of authentic leadership are self-awareness, internalized moral perspective, balanced processing, and relational transparency. By Andrew Fayad, CEO of ELM Learning, a creative agency focused on designing custom multimedia and digital learning experiences. He received his first computer at 9 and by 12 had coded and sold a video game (Cole, 2021). He then takes each answer to the question and attempts to flesh it out in the best possible way. 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. This leadership style's strengths are innovative thinking, analysis, problem-solving, planning, and strategy execution. 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. In 1992, Musk received a scholarship to the University of Pennsylvania, which was his golden ticket into the United States (Cole, 2021). Elon Musk is a honest person/executive, the world we live has a great lack of honesty. During these times, he didn't think about anything else. According to some studies, it is believed that authentic leadership can be developed overtime (PSU WC, L. 12, 2021). Another factor that helps Musk get into and remain in the flow state has to do with the quality of work he's doing. These are the brutal facts a new leader must confront. Errol Musk was once tried and acquitted of manslaughter. Over the years, he has been compared to the likes of Steve Jobs and Henry Ford, and even Iron Man, with actor Robert Downey Jr allegedly modelling his portrayal of Tony Stark off of the SpaceX and Tesla CEO. 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. He then moved across the United States to California to pursue a PhD at Stanford; but after two days, he left the program to pursue becomingan entrepreneur. Someone who has reached goals youre still working on can give you real-life, actionable tips to becoming a better leader. You see, the 2% that separated Musk from his current score and perfection sounded to him like a giant "no." If we can overcome the initial fear of being told "no" and understand that no truly means nothing, we'll be better for it. 10. 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. But can we. 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.". Stay laser focused and don't procrastinate. The billionaire talked about his early days in Dallas when he was strapped for cash. Be an Authentic Leader: Ma possesses a strong sense of character which helps him build loyalty and strong foundation on which his business Alibaba grows. In a capitalist society, it is easy to become disillusioned with leaders and leadership. Later, he said, advice I would give is to not blindly follow trends. We'd, Thanks for all the support! Adib Ibne Yousuf, MBA student of BUP. Tesla balance. 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. How often are you distracted? He possesses illustrious leadership qualities, skills, and styles, some of which are being discussed here. Had he been afraid of failure, two of the most recognizable companies in the United States may no longer exist. 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. There's an anecdote Musk's first wife tells of him back in college. The initial question is always small, then the answers grow progressively bigger. He is Elon Musk.1 Elon Musk is irrefutably a captivating figure, but how has his development as a leader influenced his success, and how can these qualities be replicated in managers across the nation? 3. 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. After 2 years, he transferred to the University of Pennsylvania. It turns into a mission or game, and we find ourselves enjoying what we're doing. All he focused on was the task at hand. Even though he had complete control of his company, he gave his employees the motivation to accomplish their targets and tasks through his characteristics. This essay will include a description of Elon's leadership qualities and a comparison to the trait theory of Leadership. Elon Musk has clashed often with securities regulators and highway safety authorities, but there's one area the Tesla and Twitter chief says the government should regulate now: artificial intelligence. 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. And this leads us to a major task for any future Twitter CEO and perhaps the heart of the problem with Twitter. An electric railroad that goes through an enormous tunnel, dug into the side of a mountain. Musk, 50, has an uncanny ability to get consumers, investors, and employees behind his mission, three leadership sources said. 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. How do we make California transit more convenient? Chatham: Newstex, 2015. https://search-proquest-com.erl.lib.byu.edu/docview/1652311317?accountid=4488. "Being immersed can be defined as a state of focus in which a person is completely absorbed and engrossed in their work." Indeed, many prominent advertisers left the site apparently in response to Musks chaotic decision making. 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. Top editors give you the stories you want delivered right to your inbox each weekday. Further, Musk has been selling billions in Tesla stock and its share price is down by over 60% this year. May 31, 2021. It certainly wouldn't be that way without Musk's unblinking focus at the forefront. He is able to push his employees harder because they understand that they are working towards a greater cause. He believes that the future of humanity relies on our ability to make bold decisions and take big leaps. Authentic leadership has three components to its definition that I believe Elon Musk meets criteria for. 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. Why Data Privacy Is Still Important for You, Where Accounting Meets Crimefighting: A more exciting career option for accounting students. Musk was born on June 28, 1971, making him 48-years-old at the time of publication. If being willful, and opinionated, yet adaptable are key traits to great leaders. All he focused on was the task at hand. The new leader will have to confront the brutal facts of the situation according to management expert Jim Collins, this is how to begin productive change. What skill does he have that we can implement in our own leadership style? Musk also co-founded Tesla Motors, which aims to build low-cost electric vehicles and revolutionize the automobile industry. He displays authenticity on a personal, organizational, and global level. What Might That Mean For The Economy? Musks innate sense of curiosity stems largely from the unusual amount of independence he experienced as a child. But is it really a commercial proposition? 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. His leadership qualities are helping shape a new way of thinking about sustainable energy and renewable resources. Elon Musk inspires his employees because, although he has high expectations for them, he demands even more from himself. He attended private schools and had a tough time as he was severely bullied by his peers. References He is honest, hard-working, and a leader who has influenced many. Introduction. He displays all of the four key positive psychological attributes discussed in the Northouse (2019) text. Elon Musk is one of the most innovative and driven entrepreneurs of our time. Cheat Sheet: Is Teslas Elon Musk the New Steve Jobs?. I'll talk about them here. Interesting business experiences from the past. He is the son of Maye Musk (Haldeman), a model and dietitian, and Errol Musk, an engineer. 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. Disclaimer: The opinions expressed on this website are those of the writers or the people they quoted and not necessarily those of Leaderonomics. He received a 98% on one of his tests. Give the obvious answers, then put your spin on those answers and pursue them with tenacity. He holds South . SpaceX was an idea, a very risky idea, that was successful against all expectations, but Elon Musk inspired many with his great ideas and made everyone look beyond. 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 hard work ethic, they don't quite reach Musk's level. 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. 4296: 7379, September 17, 2012, 74. http://web.a.ebscohost.com.erl.lib.byu.edu/ehost/detail/ detail?vid=0&sid=df621e06-0389-45e2-b57a-8dd06f53bd48%40sessionmgr4006&bdata=Jn NpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#AN=79961724&db=buh. Leveraging Digital Towards Improving Sustainability. Whats amazing about him is that he seems to believe that there is an innovation to solve every problem that arises. For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section. 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. Elon Musk is most known for founding Tesla, a company that builds electric cars with high demand and high prices, and SpaceX. 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! Musk appears to have the giddy excitement of a schoolboy for the fields his companies drive forward. Errol shot and killed . Confidence and independence. But he wouldn't take no for an answer. 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. 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