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Leadership Performance Analysis of Elon Musk

Autor:   •  March 6, 2019  •  Essay  •  2,787 Words (12 Pages)  •  41 Views

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Elon Musk is a South-African born successful technological entrepreneur, inventor, investor, and businessman who owns and runs several numbers of different companies at the same time. It has become common and not hard to find his name in all kind of headlines in recent years. He is well known and famous for his role as the Founder, CEO & CTO of SpaceX and Co-Founder, CEO & Product Architect of Tesla Motors and these two ventures were claimed as the most innovative and incredible company. Other than this, he is also involved in various successful technological business ventures such as The Boring Company, SolarCity, OpenAI, Hyperloop and more which are also not an ordinary one. Innovation and forward thinking is something that is always associated with Elon Musk and his projects. His visions are revolutionary and made the people believe that nothing is impossible by achieving his goals.

The leadership style which tends to inspire, motive and encourage the followers to make a change is defined as Transformational Leadership. It’s one of the approaches which leaders use to make changes in individuals and social system for a better future by inspiring and encouraging the followers to achieve so. Idealized influence, Inspirational Motivation, Intellectual stimulation, and individualized consideration were the four elements of Transformational Leadership. After analyzing the leadership style and performance of Elon Musk with the help of this theory, we can conclude that Musk is undebatably a Transformational leader. Idealized influence is nothing but behaving in a way that admires and inspires people which leads to being a role model. Elon Musk influences his followers with his incredible revolutionary vision like colonizing Mars and a strong belief in it. He has been a role model for a lot of people by being a risk-taker in trying new concepts with technology on his own money instead of seeking investors, SpaceX is an example of that. SpaceX is a revolutionary project which musk created on his own money and he was not afraid of taking the risk. This Inspires people in many ways and gained trust among his followers as it shows his confidence and a strong belief in his ideas and vision. And he has achieved something which everyone thought impossible. He made most of the industry experts to wonder by making a rocket that lands vertically, which everyone considered as impossible when he proposed his idea. Above all the criticism he made it successful by ignoring the Vision stealers and has set a high benchmark for the industry competitors. No one can disagree that Musk has an incredible ability to inspire the people through his vision and bring them together. When Tesla was suffering from manufacturing problems and they were behind the promised schedule of delivery, almost all customers understand the situation as they all were sharing the passion and vision of Musk and no canceled the pre-orders of the Tesla cars. This shows how

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