BUSINESS ORGANIZATION AND MANAGEMENT PROJECT WORK

LEADER:ELON MUSK

SUBMITTED BY: HRITHIK KHURANA MADHAV

CHANDAN RIPUL SWATI RONAK KANOONGO

ELON MUSK-TESLA South African-born Canadian-American business

magnate, investor, engineer and inventor.He is the founder, CEO, and CTO of SpaceX; co-

founder, CEO, and product architect of Tesla Motors; co-founder and chairman of SolarCity; co-chairman of OpenAI; co-founder of Zip2; and founder of X.com which merged withPayPal of Confinity. As of June 2016, he has an estimated net worth of US$12.7 billion, making him the 83rd wealthiest person in the world.

LEADERSHIP TRAITS OF ELON MUSK

Self-motivated: 

Motivated leaders desire to achieve above and beyond expectations.

This comes from their passion, pride and desire to become better and the motivation to do things better than everyone else.

To succeed as a leader, you need to be motivated, and no one else can do that for you except your self.

Nothing will work unless you do. – Maya Angelu

Musk read a ton of science fiction as a child and took the ideas that mankind should try and save the world and spread out through the universe very seriously. He was bullied at school and unhappy at home, which made him turn inward and think of ways to improve his life and the lot of others. “A lot of my motivation comes from me personally looking at things that don’t work well and feeling a bit sad about how it would manifest in the future,” he says to The Telegraph. “And if that would result in an unhappy future, then it makes me unhappy. And so I want to fix it.”

Standards:Leaders hold themselves and the people around

them to a higher standard than most, both on a personal and professional level.

Leaders understand that in order to achieve higher standards, they need to have strong values, hold themselves accountable for their words/actions and never make excuses.

Remember you’re the average of the five people you spend the most time with.

Outspoken Tesla chief executive Elon Musk has poked fun at Apple, saying his employees refer to the tech company as the “Tesla graveyard”.Dismissing claims that Apple is poaching key members of staff from his own firm to work on its long-rumoured self-driving car project, Musk said: “Important engineers? They have hired people we’ve fired. We always jokingly call Apple the ‘Tesla Graveyard’.“If you don’t make it at Tesla, you go work at Apple. I’m not kidding.”Musk has incredibly high standards. He has a reputation for firing people if they miss a deadline. So if you're meeting with him at Tesla or SpaceX, you have to be ready.

As one anonymous Musk employee shares on Quora:When we met with Elon, we were prepared. Because if you weren't, he'd let you know it. If he asked a reasonable follow up question and you weren't prepared with an answer, well, good luck. You are Fired.

Confidence:Confidence has to do with your inner perception of your

ability to fulfill a particular role and is built through your experiences and dealings during your life.

To build your confidence you need to be open to new experiences and be willing to fail or you’ll never grow and find the strength needed to push the limits of what you’re capable of.

You gain strength, courage and confidence by every experience in which you really stop to look fear in the face.  - Eleanor Roosevelt

 

After 8 weeks of this interview, Musk led the company on another flight and this time around everything worked PERFECT.

As the Falcon succeeded in launching on 4th june,2010.

SpaceX's Falcon 9 rocket lifts off on its maiden flight from Cape Canaveral Air Force Station in Florida on June 4, 2010. Credit: collectSPACE.com

RISK TOLERANCE

You need to identify, evaluate and address risks so you can positively affect the outcome by handling that risk in the best-suited way.

They often say, “there is now reward, without risk.”But smart leaders know which risks to take and which to guard against.

Elon rejected eBay's 400 million offer in 2001. Then $800 million, with $100 million at risk. When eBay offered $1.5  billion, Elon still argued against the deal. It might seem like a crazy decision, but Elon has obviously learned from the previous Zip2 mistake of selling out to Compaq for $307 million. So Elon finally gave in.

What kind of logic could possibly convince Elon to say no to a $800 million deal? Most people would've jumped for that "fuck-you" money, and lived the rest of their lives comfortably. But not Elon, he doesn't budge and is incredibly stubborn even when millions of dollars and the survival of the company is at stake. That's partly why he got backstabbed by his co-founders, they didn't share his level of risk tolerance you'll realize the level of risk tolerance Elon has.

Lead by example:Actions speak louder than words. The people around you will notice if you are dedicated and working hard to grow your business.

But if you’re lazy and don’t care, your team will note and follow suit.

Great leaders always lead by example.

Example is not the main thing in influencing others. It is the only thing. – Albert Schweitzer

Elon Musk is famous for studying a lot and working a lot. He claimed that he works 80-100 hours a week, Since last 15 years with just 2 weeks off because of Lethal Malaria that also in 2000.

“Learning transfer” superpower Starting from his early teenage years, Musk would read two books per day in various disciplines according to his brother, Kimbal Musk. To put that context, if you read one book a month, Musk would read 60 times as many books as you.At first, Musk’s reading spanned science fiction, philosophy, religion, programming, and biographies of scientists, engineers, and entrepreneurs. As he got older, his reading and career interests spread to physics, engineering, product design, business, technology, and energy. This thirst for knowledge allowed him to get exposed to a variety of subjects he had never necessarily learned about in school.

Elon Musk is also good at a very specific type of learning that most others aren’t even aware of — learning transfer.Learning transfer is taking what we learn in one context and applying it to another. It can be taking a kernel of what we learn in school or in a book and applying it to the “real world.” It can also be taking what we learn in one industry and applying it to another. In the real life any of the leader can not be a good leader without this trait.

Articulate a powerful vision:

The most effective leaders have a powerful vision, which they share, and lay the path to achieve the vision. They are able to influence others to see their view. On top of that, ordinary people have a vision that is evolutionary, while the greatest and most effective leaders like Elon Musk have a vision that is revolutionary – they know how to leap forward, changing the game.

• For example, the state of California is investing in a $68 billion high-speed rail line between Los Angeles and San Francisco that will take three hours traveling 200 miles per hour. The project is already behind schedule. Elon Musk’s response to the traffic problem is a high-speed railway known as Hyperloop, which would transport passengers from Los Angeles to San Francisco in 30 minutes, that is 800 miles per hour. His plan will take eight years to build at a cost of about $10 billion.

THANK YOU !