Elon Musk – A Technology Entrepreneur
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Question - Short profile on business leader who influenced organization -tell the story of influence.
You have choose to write about (Elon Musk). You can divide the answer as the following:
Profile, Who is Elon Musk, His vision, How he influence people, His leadership style, His achievements, and Reflection (impression).
Opinion of elon musk and what are the outcomes learning form elon musk for me as a leadership student what are the reasons that makes him a successful leader.
The major objective of the paper is to provide a short profile on a business leader who influenced an organization. Elon Musk is a billionaire entrepreneur and a successful business leader who influence others with his workings and power. The vision of the business leader is to make everyone to move to Mars in the future. The paper will describe the way Elon Musk influenced people through his leadership style and achievements. The learning outcomes will also be provided for the leadership students. Several reasons make Elon Musk a successful leader who will be reflected in the paper.
Profile of Elon Musk
Elon Musk is a famous entrepreneur of technology, engineer, businessman, and investor. He was born on 28 June 1971 in Pretoria in South Africa. He is the residence of the United States and also holds citizenship of Canada, South Africa as well as the United States (Chatterjee & Pollock, 2017). He is the CEO as well as the founder of SpaceX and also the CEO of Tesla Incorporation. He spent his childhood as well as young age in South Africa. At the age of 12, Elon Musk began to teach himself about computer programming, and then he migrated to Canada at the age of 17 for attending the Queen's University (Elon Musk, 2019). Then, he achieves a degree in economics from the Wharton School as well as physics from the College of Sciences and Arts. He has also founded an infrastructure company named, the Boring Company in 2016. He became a multimillionaire when he sold his first company named, PayPal. He is 47- years-old billionaire entrepreneur. He is also the most influential person in history. He is such a person who has various missions in his life. He is also an idealistic leader of business who works in advancing the technologies in areas like sustainable energy as well as space exploration (Allio, 2018). Elon Musk is considered as one of the most visionary and innovatory tycoons at the time of his generations.
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Elon Musk’s first vision is to enable the future of humanity which later break down into several missions (Spisak, 2017). The vision statement of Elon Musk for the future is “We are going to land people on Mars by 2025.” He also has another vision to move anywhere in the world within an hour. He as an entrepreneur desires to build a SpaceX rocket ship which is proficient of traveling anywhere in the globe within one hour (Author, 2017). If his wish becomes real, then the journey from New York to Tokyo could be completed in 30 minutes. He also aims to complete 30 missions in the next year with the launching of 13 rockets for the customers. His
SpaceX planned to make the first trip to Mars (a red planet) in 2022 which will carry only cargo. Elon Musk has a net worth of $20 billion, so he said that he would invest his assets to fulfill his vision to travel to Mars. His vision drives him to become a successful tech entrepreneur and achieve his missions (Williamson, 2018).
Elon Musk is a very influential person who influence others by his work, his achievements, his vision, and mission (Robinson, 2014). He has power which he used for influencing people, companies as well as the governments. The primary source of power is money which helped him to lead an ambitious life. He wants to colonize Mars which influenced the people most. Elon Musk asked the people to focus on what they should do for the future or to fulfill their mission instead of focusing on what they can do. He has also worked in such a way so that he could change the attitudes as well as behaviors of investors, engineers, and innovators. With the help of advanced technologies in business as well as social communications, Elon successfully leads the organizations that he has founded. Moreover, Elon Musk has used ‘inspirational appeals & to influence others. With the help of this, Elon tries to encourage the investors so that they will keep investing money even at the time failure and he also encourages the engineers of his firms to innovate something new and advanced (Stafford, 2017). He has worked for the progress of the people of America as well as for the betterment of humanity. His actions and works influence the people to think about the success in the organizations. He influenced the people to rethink the future of humanity, transport, space, and energy consumption. His accomplishments give a significant impact on people to move forward to achieve the impossible thing as well as create a sense of purpose (MacDuffie, 2018).
Elon Musk has adopted the transformational leadership styles that reveals an incredible vision, perseverance, and dedication (The Transformational Leadership Style of Elon Musk, 2016). He can make others trust in his vision. He as a transformational leader works with his entire team to create a vision for guiding the changes. He has all the qualities of a transformational leader such as he has a clear vision; he is self-motivated, courageous and inspirable (Nguyen, Mia, Winata & Chong, 2017). Elon Musk as a transformational leader, drive others towards excellence. He often comes into struggle with the leaders who repel change that he did at PayPal. The most significant quality as a transformational leader in Elon Musk is that he has a deep confidence in his vision and persistence (Choi, Kim & Kang, 2017). He led all his workers in such a manner so that they could achieve their big goal. He used to hire those candidates in his companies who are more talented than him for the better future of the organizations. He is leading several companies intending to have a strong framework for the work (Schoemaker, Heaton & Teece, 2018). He is also an ethical leader who has a vision of the future and want others to get into ethical leadership. He always tries to solve the challenges as a leader as he does in the factory of Tesla. He is very passionate towards his work which is the most vital quality of a leader.
Following are the most significant achievements of Elon Musk:
He is the CEO as well as the product designer of Tesla, an electric car company
He is the organizer of SpaceX, a company of space exploration
He has also invented a new form of transportation that is known as ‘Hyperloop.'
He founded an internet company named, PayPal
He is also the co-founder of X.Com that provides online payment services
He has also achieved an award of ‘Fellow of the Royal society’ and a noble prize in Economics
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Tesla: Elon Musk is the CEO, product designer as well as the co-founder of Tesla Motors (Teece, 2018). It is a company that produces electric cars. The development of products, design, and engineering of the products of the company are supervised by Musk (Elon Musk, 2019).
SpaceX: SpaceX is founded by Elon Musk in 2002 to make an affordable cost of space to travel (Foust, 2019). He is also trying to design a spacecraft to reach Mars by 2025. His intention to establish colonization on Mars.
PayPal: Elon Musk is the co-founder of X.com which later known as PayPal. The company was sold in 2002, and from that, Musk earned $165 billion.
As per my opinion, Elon Musk is a person who has all such abilities that an entrepreneur should have. I think he is a genius who wish to make the world better. I am wondering how he maintained all the companies where he is the CEO or leader. I have never seen such as a person who has the vision to work for the progress of humanity. Elon Musk is a man of entrepreneurship whose beliefs inspires the people to work hard, innovate new thing and achieve success (Marques, 2018). His visions are unbelievable that he makes for the future. I can say that he is a compelling, innovative and brilliant person that the world ever have. I think he is a man of self- respect and a transformational leader who is never afraid of failure. He could attract others with his work and ideas and influential power. I am surprised to know that he wants to end his life on Mars even though he is aware that his goal of creating a colony on Mars will not be likely to be achieved. I think he is a great man with a clear vision and ambition. According to me, Elon Musk is a future-oriented man as he thinks about the future. He has positive thoughts which reduce the
negative thoughts. As per my opinion, he is a very inspirable man as he desires to inspire the whole human beings by his work.
As a leadership student, I could learn various things from Elon Musk. I could learn the abilities of the leader and how to perform them in the organizations. I would also learn the way a transformational leader should act with the team members. One learning outcome that I learned from the life of Elon Musk is to keep moving forward even if there is a failure in between the journey. He thought each of his companies had a chance of being a failure, but still, he did not give up, he continues and moved away for success. I am inspired to work day and night for the achievement of important goals. I have learned a few lessons of leadership form Elon Musk, a brilliant and smart leader or entrepreneur. First is do not wing it that means do not do anything without any proper making plans. Second is to make dynamic goals with an effective business plan because an adventurous goal without a business plan seems to be unreasonable (Pandey, 2016). The third lesson that I learned is to work hard which is crucial for effective leadership. A fourth lesson is that I would never stop learning to gain more knowledge regarding a particular topic or quality. The last and important lesson is to inspire the future for the accomplishment of future goals. Elon Musk said that it is crucial to have an inspiring as well as an appealing future.
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This point of Elon Musk touches me and inspires me to learn from him. I also learned that to be a successful leader; a leader should work harder than his team and help the team members to do the best task for the profit of the organization. In my opinion, the following are the reasons that make Elon Musk a successful leader:
From the view of his life, I identified that he is very hard working. He worked for day and night for the achievement of his goal that makes him a successful leader. He used to hire those employees who are more talented than him to make the company better. The most critical reason to be a successful leader is to have a strong vision. Elon Musk has a strong vision which enables the future of humanity. He has demonstrate his vision to the others so that they believe in it. I also found out that he focus on his major principles first before getting into the details. When I went through his profile or background, I found that he has read entire books and learn insights or ideas that make him a great earner in society. He continues the trend of reading books after he grew older. He does not invest his money on advertising a product. He asked himself a question and focused on that and then, start spending his money for the setup of spacecraft and electric cars.
As per my opinion, Elon Musk is always ready to take risks in his achievements. When he was young, he used to motivate himself as well as others to take the risk at that time because there would be no obligations for the person and the risk cannot impact the family. Moreover, I also found that he does not complain like most other people. He searched for a solution about traffic and then founded the Boring Company with an objective to reduce the congestion of road by developing a tunnel system (Stringham, Miller & Clark, 2015). Elon Musk as a businessman always treats his stakeholders like family as they are the most valuable assets of the company. I also found that he expresses thankfulness to his customers through social media regularly. He even put all his efforts to follow his dreams either the outcome is success or failure. He always creates a backup plan to recover from the failure easily. Elon Musk stands on his vision and goals despite consistency failure in his companies like SpaceX or Tesla (Perkins & Murmann, 2018). In my opinion, the focus on a particular thing that makes him different or unique instead of following others makes Elon Musk a successful leader.
The above facts reveals that Elon Musk is a well-known technology entrepreneur who through his work, vision or leadership qualities influence the people to innovate or work hard to achieve the goals. His main vision for the future is to colonize the red planet, Mars. His strong vision inspires other talented persons to join his firms and work hard to accomplish the goals. Anyone could be inspired by Elon Musk to be a successful leader. Elon Musk has accomplished a lot in his life, and he possesses all the qualities of an effective leader. His contributions such as SpaceX or internet services will undoubtedly impact the world.
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