A manager is one who carrying the important functions such as planning organizing, leading and controlling. most managers also tend to be leaders, but only if they also adequately carry out the leadership responsibilities of management, which include inspiration, motivation, communications and guidance and encouraging employees to rise to a higher level of productivity. This report discusses the approach and style of leadership adopted and exhibited by Elon Musk in his various companies. The first part of the report will assess whether Elon Musk is a leader or a manager by evaluating her performances and aptitudes in his various projects. In second part of this report discuss about the various characteristics and skills that helped Elon Musk to drive the companies forward. The part of this report will critically analyse the consequences of taking Elon Musk’s style too far. The fourth part of this report analyse whether he is a right person for TESLA, the electric car company during the time ahead or does the company now require more a manager than a leader.
Leadership and management are entirely different. Taking into consideration the management and leadership approaches of Elon Musk it is highly necessary to understand the difference between the manager and leader and identify whether such a person is a manager or a leader or a person having both the character. The main difference between the two is that leaders have people that follow them, while managers have people who simply work for them. leadership is about getting people to comprehend and believe in the vision you set for the company and to work with you on achieving your goals, while management is more about administering and making sure the day to day activities are happening as they should. leadership is about inspiring and management is about planning. The manager must be well equipped with talents and other skills on order to lead his team members to achieve great heights. A manager must have the traits of a leader, that is he must possess leadership qualities.
On the wide reading of the article “Elon Musk a serial entrepreneur” which is an article in the “The times of New York”, we can understand that he works as a leader more than a manager effectively. Elon Musk is a South Africa-born inventor and investor. He is the CEO and CTO of SPACEX, CEO of tesla motors, and chairman of solar-city. He is an early investor in SPACEX, PAYPAL, inc. tesla motors and zip2. Musk, 46, has a worth of more than $20 billion and has said he is using his personal asset to build his new visions. In the field of entrepreneur successful people are those have all the knowledge about the company works and vision. Musk knows how his technically developed materials are working and he knows all about it. He also knows to effectively market his product. And also know how to build a great team to achieve his mission. The 45 years old is best known for being the founder of X.com which later becomes PAYPAL, one of the largest internet payment companies. when PAYPAL was sold to eBay, Musk begin to focus on what he’s best known for today: SPACEX, Tesla motors and solar city. Elon Musk has a lot of his plate as the head of tesla, SPACEX, NEURALINK and the boring company. Yet his ability to be transparent, funny and personally engaged while moving his teams forward is exactly what makes him an exceptional leader, says former google and apple executive Kim Scott. Musk is not afraid about what he was doing and the consequences.
There are some leadership traits for Elon Musk, they are, led by example, lead with purpose, be creative, be collaborative, encourage innovation, be decisive, be comfortable with change, hire carefully, set exceptionally high standards, put the right people in the right role. We can also say that Musk also follows transformational leadership because it is a leadership style in which leaders encourage, inspire and motivates employees to innovate and create changes that will help growth and shape the success of the company.
On an analytical study of the academics of leadership approach and style of Musk, he proves himself as an efficient leader throughout his services. Mr. Musk started his own rocket company because firstly he is unable to find a feasible rocket to realise his dream of growing plants on mars. He has big goal to send people on mars because if there is a problem in human environment we can survive on mars and it is big development in human survival. SPACEX almost went out of business. The three launchings of the small falcon 1 rocket failed, and the fourth launching succeeded. During the failing time he didn’t go backward. Instead, he done the project with extra power and he succeed. He is chief executive officer or managing directors of many companies and that’s why he has a good managing quality.
Manager is one who responsible for controlling or administering an organization or group of staffs. More than a manager Musk is a good leader. I think Musk have good managing quality but leadership is the best quality in him.
It is not easy thing to be an entrepreneur. When he was struggling with family matters and some personal problems there is nothing in his bank accounts. But this heart full dedication and his hard work, he achieved success and is sure that he achieves more than this with a small-time span. Elon Musk’s personality make him INJT (introversion, intuition, judgement, thinking) which is type of entrepreneur as he is a person without emotions and looks beyond the view that means he means he look beyond the visible. He tries to find a way to improve his surroundings. An INTJ personality type entrepreneur works for future improvement or development, consciously and unconsciously. He is brilliant. But he leads an unbalanced life with long working hours which is difficult to a normal person and it is also a sign of an INTJ. Another personality trait present in Elon Musk is that he focuses on one thing with incredible depth of perception and focus and which this property makes him a proper INJT. He never budges from the mission is one of the eminent personality traits of Elon Musk that makes him an INJT. No matter what the obstacle or difficulty is, he never gives up.
There is absolutely no doubt that Elon Musk is exceptionally motivated and self-driven. He displayed right determination to continue and keep moving forward through all disparities and difficulties even after three launch failure attempts of the SPACEX rocket unlike any other ordinary person. An ordinary man would absolutely give up. He found the investors and fought back when the tesla motors failed to achieve the production deadlines and the company was very near to bankruptcy and one of the directors refused to take money anymore in order to make Musk fail and take that position. In this condition also, he didn’t give up instead that he found the investors and fought back. He avoids the bankruptcy he put all his stakes on the mortgage even put all his stakes on the mortgage.
Elon Musk has a clear idea of what he wants and what are the things that he wants to do to achieve his dreams. His powerful mind to overcome challenges and difficulties is very courage giving. He is a motivated person and he never mind the limits.
Elon Musk proved that serial entrepreneurship is a good idea if it is done properly and with a proper aim and confidences. Within seconds he showed as to make payments through his company PAYPAL, and thus entirely modifying worldwide ecommerce. Then PAYPAL got acquired for $1.5 billion, and Elon Musk being the largest shareholder of the company, made £165 billion. The space industry was moving at a very slow pace until Elon Musk’s next company SPACEX came along. He invested his money from PAYPAL onto SPACEX. Tesla electric cars have also started alluring the customers and are likely to become more effective in the coming years. Elon Musk has proper work ethics. Musk is a hardworking person. He believes that there is no shortcut to success.
Elon Musk have an amazing ability to learn new things and he likes to read new books and he was very interested in this. So, the ability to learn quickly is the key for any budding entrepreneur to succeed in today’s dynamic business environment. In some cases, just being enough creative is not enough, we also need ability to test new things. One common trait among successful entrepreneur is the ability to turn their vision into reality. Hard work another good and best quality of Elon Musk.
Along with Tesla, SPACEX, and PAYPAL, hyperloop is fast becoming the next frontier in making distant travelling a thing of the past. With speed of up 760 miles/hour, it will be a breakthrough like never. This is called pure innovation. In current scenario there is great importance to giving high and trust full advertisements to make the business some more effective and Elon Musk is a person one who achieve in this field. Elon Musk knows that very well. Like this other project, the brand Tesla has come a long way and now is among the best electric cars on the market. His project solar city is one project which can become the largest electricity provider fir north American people. It is very difficult task and he is not afraid to take the project and he have the full confidence that the project will be a great success. This is one of the reasons for all the success he has till date. And he also ready to sacrifice and motivate the workforce.
As a transformational leader, Elon Musk, of Tesla motors have great vision and unbelievable dedication and suffered and strikes many for achieve his dreams, means his vision. . Transformational leadership is a kind of leadership which the leader does not just tell team members to do what he or she thinks is right. Instead they work with them to identify the potential opportunities and problems, and develop the strategies with them.
The Rise of Elon Musk was a great story that we look like a miracle. Since his co-founding of companies like x.com and PAYPAL, Musk use his money and intended to take a big subject like solar, electric cars, house batteries, transportation in general, and, of course, space. What he was accomplished was amazing and interesting. But the incredible Mr. Musk was running into an age-old problem that was plagued many leaders. Age old problem was a great problem to him. We know that many leaders are being vision less because of his age problem. He tries to do everything himself because he knows what to do. Unfortunately, his decision to do so displays a fundamental misunderstanding of what leadership means. No one person can do everything at a company and if one is doing so it is simply a show and it makes him very tired and the company profit may be decreased. If Musk was doing everything himself it will make his health very badly and also the company will also suffer.
Elon Musk get upset when anyone said him to leave the positions because of any reason. Sorry, but it’s the time for a more complete departure. Way past, even. and it isn’t because Musk smoked pot during an interview on the Joe Rogan podcast, which resulted in an immediate 7 percent drop in share price. By the way, for those who are certain that Musk is the stock price, as of this afternoon, shares are down 30 percent from the 52- week high and down 28 percent since August 7 when prices had surged after the CEO claimed he’d take the company private—at 4420 a share.
I think these are main consequences of the Elon Musk leadership too far.
The board of directors should take a vote and elect the proper CEO. I think the times ahead Elon Musk is a right person to lead the company tesla. Because he has a great vision about what to do in the future. Elon was a good leader and the company needs a good leader more than a manager. We also know that Elon was the CEO of many companies. He was a good manger too. But Elon, brighter future is in leadership. Because he knows how to give a good leadership to the workers because he has a good vision about the future and he is updated with the current technologies. Updated with the technologies will give a high development to his project.
In my vision Elon Musk is the right person to lead the company tesla forward because he knows what are the steps that he wants to take to make the company forward. And also, he knows the past and present situation of the company very well and that’s why he is the best leader to lead the company forward. Any one from outside will not be able to take the company forward because they did not know the conditions of the company very well. Elon Musk can lead the company because he is the producer of this company and he is the major investor. We can accept a heart full commitment to the work field from Elon Musk.
From the detailed study od Elon Musk case, it is obvious that he is an effective leader more than a manager. The CEO and product architect of Tesla motors, Elon revolutionised the electric cars. The founder of space Exploration Technologies, also known as SPACEX. Musk unveiled a concept for a high-speed transportation system Hyperloop. Tesla acquired of SolarCity for $2.6 billion. Even though is the manager of tesla, SPACEX etc…but also it is clear that he is effectively a leader more than a manger. Elon Musk has done many incredible things for the world and has pursued his dream to begin to act and stop the harmful things that were doing to our planets by findings safe eco-friendly alternatives. Following Musk’s business model and using an environmentalist mindset when conducting business and finding solutions to humanities problems can change the path were headed down destroying our planets. There is some leadership lesson that can be study from his leadership styles. He knows that audacious goals without a business plan are unrealistic and also leadership is a hard work and never stop learning.
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