elon musk autocratic leadership style

But if you just think and don't take action you'll never know what's the right move. Elon Musk is such kind of a leader who possesses a lot of leadership qualities and styles. tactics are inhumane and dangerous, plus they go against the grain of modern workplace research. From his inspirational TED talks, he quoted that As a leader, you teach others how to treat your brand by how you treat your brand. Like many famous business owners, such as Warren Buffett, Mark Cuban, Oprah Winfrey, and Bill Gates, Musk has spent a large portion of his life reading and obtaining knowledge to guide his companies to success. Steve Jobs was demanding. Tesla has been one of the most innovative companies in the world in recent times due to the operations that it has incorporated and came up with new products for the betterment of society. What could be the consequences of taking his style too far; whether Musk is the right person for Tesla, the electric car company during the times ahead, or does the company now require more of . Thereby, delegation is a necessity when it comes to this leadership. There are advantages too. He already invested over $100 million of his own money into SpaceX, $10 million into SolarCity, and at least $55 million into Tesla Motors. These are key characteristics of an autocratic leader: Leader tells people what to do Leader is not open to inputs from other employees I never see whats right. There are three basic leadership styles, they consist of: authoritarian, democratic, and laissez-faire. Since buying Twitter, Elon Musk has conducted mass layoffs and reportedly ordered 84-hour workweeks. De-risk investment, identify high performing founders & teams, identify blind spots, benchmark against successful founders. in a matter of not more than 5 seconds, she explained. Its just that I thought they were important enough to do anyway., Relevant F4S motivations: achievement, goal orientation, future, present. Increase team harmony, happiness, speed and cohesion so everyone can get into flow state and do their best work. It can be evaluated that the transformational leadership and transactional leadership executed by Elon musk both positively impact the performance of the employees and the organisation (Yauney, 2018). He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla. Elon Musk leads Tesla and SpaceX, the space company that wants to take you to Mars to join a colony . Elon Musk. The Influence of Transactional Leadership Style and Work Culture on Work Performance Mediated by Work Motivation. . Earning trust during the work is another philosophy of Musk. Starting a business can feel like a whirlwind. It also taught me courage to believe in my beliefs, and that it is not about success or failure, but that we give it a go, a try, The only way to move ahead is to work out the next action and then schedule a time to do it!, This program helped me kickstart my journey to wellbeing. According to Elon Musk, If youre trying to create a company, its like baking a cake. For example, the Tesla management style is centered around meeting company goals. Tesla, being a manufacturing company, is not without its problems. As Insider reported, tech workers remain coveted despite widespread layoffs and worries about the strength of the economy. Musk, who rarely sticks to a leadership script, doesn't seem intent on winning employees' trust or providing clarity about the company's future. They both inspire and grab attention. Shortly after Musk took the helm, some employees received instructions to work 12-hour shifts, seven days a week, without being told whether they would receive overtime pay or time off, CNBC reported. Hes known for setting aggressiveand sometimes even seemingly impossiblegoals for his teams and employees. Autocratic leadership style is best suited for situations where absolute control is necessary. Ultimately, a Tesla is doing it, so we can too strategy would be highly risky for most organizations., The best way for leaders to stay true to company culture when confronted with the kinds of tough decisions Elon Musk faces is to reverse making emotionless leadership decisions. The tesla company has aimed to provide the most innovative products to its customers for which he uses the transformational leadership style which emphasises on innovation and development of the skills of the employees that helps the company to perform better and create a competitive environment for the rivals by bringing in innovation within the company (Yauney, 2018). But conscious leaders take the opposite route. But "it's ridiculous to do so," she said, because some workers even those accustomed to late nights and endless hours of coding will eventually leave for a job with better work-life balance. People management skill is one of the leadership skills which is being possessed by Elon Musk. Ibrahim, A. and Daniel, C., 2019. Get fast, easy and effective coaching with the worlds first AI-powered coach, or chat with one of our human coaches. Watching his vision come to life is both inspirational and motivational. Its a mindset. For example, when Tesla struggled through various crises of financial difficulty, Musk continued to fund the company out of his own pocket. When you think about the defined leadership styles, Elon Musk's style is best defined as transformational. Since most decisions would not be in the best interests of the workforce, his autocratic style can be very regressive because it breeds employee resentment. He has big ideas and wants to unite his team around his (sometimes outrageous) vision and objectives. He always uses his time by thinking of new ideas. It can be evaluated ) that the transformational leadership and His seeming lack of impulse control has gotten him into some hot water every now and then, but it also enables him to move quickly in his businessesto jump on ideas and nuggets of inspiration without stifling the flame with too much strategy and detail work. Become a better leader by embracing the experience and genius within others. The transformational leadership style is about motivating the employees and providing values to them, which increases their loyalty towards the brand and the respective company. Elon Musk Leadership Assembles the Right Team. Why do you want to live? There is a function-based hierarchy, and there is centralisation as well as divisions. Musk is also said to have contagious enthusiasm and energy for his work, which means employees often share his commitment and passion for pursuing their next big idea or source of inspiration. Trusting the employee with responsibility is another trick he has up his sleeve. In December 2016, according to Forbes, he was ranked 21st powerful people of the world. Transformation leadership is all about developing new ways to process the operations of the business. But, with numerous successful companies on his resume and a reputation for developing some of the most groundbreaking products and technologies on the market today, hes definitely a leader worth examiningbut not necessarily emulating. From running an aerospace company that manufactures rockets and other spacecraft to disrupting the electric car market, it only makes sense that a core pillar of Musks approach involves out-of-the-box ideas. . Musk's leadership behaviors coincide with each of Bennis and Nanus' four strategies typically used by transformational leaders (1985, in Northouse, 2013). When discussing his childhood, Elon Musk tells Rolling Stone, I was raised by books. Examples of Autocratic Leaders Many empire builders and leading figures throughout history have been autocratic leadersincluding Genghis Khan and Margaret Thatcher however, we'll provide two more recent examples of autocratic leadership: Richard Nixon and Elon Musk. At the same time he is admired worldwide for his entrepreneurial and leadership skills. Online ISSN: 2663-9335, Vol (3), Issue 2 . Steve Black, chief strategy officer of Topia, asserts that the fully in-office policy is a dangerous talent strategy for other companies to implement. Therefore, Elon musk follows the transactional leadership style that helps him achieve short-term goals. However, theres no denying that Elon Musk deserves a spot near the top of that list. Elon Musk is known for his aggressive attitude towards successful innovation, which can be seen through his innovative products that he and his respective team have launched. And, he expects each and every one of his team members to innovate alongside him. If a motorist were driving the wrong way on a one-way street, pedestrians would flag him down. Steve Jobs is often pointed to as the very picture . Overall, Jeff Bezos' leadership style is one that puts the customer at the center of the business and encourages staff to take risks and come up with creative solutions. Its a tough lesson., Relevant F4S motivations: activity, automatic, initiation. "He's proven us wrong with everything he's done in business.". 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. Hire a project manager who coordinates with everyone on the team so work gets finished on time. Tesla's mission is sustainability in the future, and hence its requirements are different from other organisations. Hannah L. Miller, MA, is the senior editor for Leaders Media. He is also the CEO of and Chief Product Architect of SpaceX, which is a space exploration company and then it became the first private company to launch a satellite into geosynchronous orbit. Let's take a look into each of them in detail. His fast-acting nature offers some benefits in terms of business growth and innovation, but they can also serve as a point of frustration for his team. What follows are actions that experts say corporate leaders must take in 2023 to restore post-pandemic stability to the workplaceall of which Musk is taking in reverse. While some of his ideas are unattainable, he has the ability to get people excited about his ambitions, projects, and plans. He always looks for an innovative invention. Top entrepreneurs on how to be a successful entrepreneur. Get started by reading these 15 leadership books. Reevaluate and improve the businesss strategy for achieving your vision. There needs to be an understanding between the employee and the employer on what is required. But his style on set is very directive. In 2018, Wired released an expos about the cutthroat work environment at Tesla. Spend at least one day a week working on the companys business strategy. Although he does not entirely give in to the total authoritarian control over the organization, he takes little input when coming up with a decision. Elon Musks leadership style, transformational leadership, focuses on creating real positive change in the world. In 2020, there were 59 million freelancers. (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 . He has a vision of having a wonderful world that will be no longer reliant on fossil fuels, will be maximizing their use of green energy, and will be exploring space and building colonies on Mars (Jacoby, 2011). Also, employees are happy and energetic in their roles then they are going to bring success to the company. With Musk, he seeks to add quality to society while at the same time presenting a superior tomorrow to humanity. Characteristics of Elon Musk's Leadership Style? Efficient recruitment and talent acquisition, remote hiring, resolve team conflict, improve leadership, culture mapping. As a transformational leader, Elon Musk focuses on solving the worlds greatest problems. Behind every accomplishment of galactic proportions, every tr. Musk's leadership style is similar to that of Steve Jobs. Hes been said to sleep on a couch in the Tesla factory and work 80 to 90 hours each week (sometimes even more). Recognize and acknowledge people for all of their hard work. But even so, being too bold can result in bad leadership. For example, Elon Musk uses the autocratic leadership style, labeling himself as a perfectionist and " nano-manager ." Vroom's theory can also emphasise this in being successful by having the right type of access to machinery and tools." It is not that easy to lead these multiple businesses in a parallel way. There is full disclosure of his goals. If a leader is taking a big organization in the wrong direction, people-in-the-know would flag him before he crashes and burns. Few more of his leadership traits are given below: Elon Musk has his own leadership philosophy. The message here is not one of doom and gloom. Inaction leads to doubt. Elon Musk's Leadership Style Free Essay. He believes there's a better way to do everything, and he sets his sights on constant improvement. Career tests dont work to determine job fitthis does. The transactional leadership style is used several times by Elon Musk due to the aggressive approach he follows to imbibe innovation within the company's operations (Chaudhry and Javed, 2012). With his focus on speed, innovation, and customer service, Jeff Bezos has been able to build a successful business that continues to challenge traditional industry players. Transformational vs Transactional Leadership Theories: Evidence in Literature. Stay curious and ask questions to gain more insight. Find out more about becoming an expert at problem solving. For example Elon Musk uses the autocratic leadership style labeling himself as a perfectionist and nano. Establish an action plan and monitor the success of your resolution. Coveted despite widespread layoffs and worries about the cutthroat work environment at Tesla business! Also, employees are happy and energetic in their roles elon musk autocratic leadership style they are going to bring success to company... 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