Leadership remains a major interest in the global community. In the wake of emergent issues and challenges across the globe, it becomes imperative to rely on individuals with vision and clarity of mind, who can guide others into sound and prudent decision making. Effective leaders tend to be successful in their endeavors, a fact that is played out across the globe in various industries. Elon Musk has been one of the endearing figures of successful and effective leadership. His role at the helm of Tesla Inc. has seen the company become a dominant entity in the electric car industry. His approaches and dynamics as a leader at Tesla Inc. form the basis of this discussion.
Tesla Inc. traces its inception back to 2003 when it was founded; however, it would go on to take a decade before it could break even. In the ten years, gap considerable efforts and resources were channeled towards innovation, design and human resource development; actions that have since produced tremendous results for the company. The company’s overarching vision is “to create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles” (Vance, 2017). As a result, therefore, the company’s decisions and operations are centered on renewable energy. Based on its vision, therefore, the company strives to establish itself as the most compelling car company of the 21st century with the mandate of helping the world adopt electric vehicles amidst the growing concerns of the environmental degradation associated with the reliance on fossil fuels. In an effort to see through this vision, the Elon Musk continues to play a crucial role that sees him advocate and spearhead innovation and creativity within the company. His belief in the future of electric cars has seen him heavily invest his time and resources in the endeavor to actualize the company’s vision. He has continually pushed the boundaries of automation, scaling as well as engineering to help actualize the vision. His commitment, insight and heavy reliance on research, science, and technology remains the most valuable asset of the company, considering how it has allowed him to attract investors and woo consumers in the same measure.
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Innovation and creativity remain as the core aspects of the Musk’s leadership demand, his belief in the expansion of boundaries and breaking of limits underpins the company’s success (Dans, 2019). In failing to adhere to these principles, Tesla Inc. risks falling behind its competitors who are well-funded and who enjoy strong brand awareness across the globe. For instance, the absence of commitment to innovation, Tesla Inc. (Vance, 2017) stands little chance against companies like Toyota and General Motors which have the financial muscle to establish top-notch research and development centers while leveraging their brand awareness.
The role of the work-force is vital in the company’s actualization of its vision and mission (issues (Staff of Entrepreneur Media, Inc. 2018). In sharing creative ideas and fostering an innovative culture in all processes and operations, the company’s workforce can help the company minimize its losses, eliminate wastages while remaining at the forefront of product uniqueness, utility, and effectiveness (Dans, 2019).
By focusing on open communication policy across the company, Musk has effectively managed to create a situation in which information flow is timely and effective and in which employees are allowed to talk and share across departments with little issues (Staff of Entrepreneur Media, Inc. 2018). In this regard, therefore, the company is able to quickly address various issues and problems that arise in its operations and strategies. Poor communication affects a company’s adaptability capacity due to obstacles in information flow.
Despite the overall success of the company’s leadership, it is important and necessary to build capacity within the workforce to guarantee sustainability into the future. The best approach to achieving this feat is contingent upon the establishment of mentorship programs that strive to equip employees with requisite skills and strategies of leadership. Creating opportunities for growth is also vital in that employees gain a wide variety of skills that come in handy later even as they ascend through the corporate ladder.
References
Dans, E. (2019). The Secret of Tesla’s Success Is Not Selling Cars: It’s Being Able to Anticipate the Future . Forbes . Retrieved on 30 October 2019, from https://www.forbes.com/sites/enriquedans/2019/09/09/the-secret-of-teslas-success-is-not-selling-cars-its-being-able-to-anticipate-thefuture/#6d10bdfa4973
Staff of Entrepreneur Media, Inc. (2018). Entrepreneur Voices on Effective Leadership . Irvine: Entrepreneur Press.
Vance, A. (2017). Elon Musk: Tesla, SpaceX, and the quest for a fantastic future . New York, NY: Ecco, an imprint of HarperCollins Publishers.
