Elon Musk Essay Example | Topics and Well Written Essays - 500 words

Elon Musk - Essay Example Musk sold his Paypal shares for 165 million US dollars in 2002 and founded Space Exploration Technologies or SpaceX, which manufactures and develops space launch vehicles with the aim of advancing rocket technology. The company has a string of astounding successes including winning a 1.6 billion US dollars NASA contract. Musk views space exploration as part of the expansion of human life Tesla Motors on the other hand manufacture electronic cars and electric power train systems. His efforts to produce electric cars have seen him compared with Henry Ford. He is also associated with SolarCity the largest solar power systems manufacturer in the United States. Both Tesla and SolarCity aim to reduce global warming. His philanthropic nature goes further. His Musk Foundation focuses on clean energy. With this string of enviable achievements, there are many things we can learn from Musk including lessons in leadership. Musk says leaders must lead by example, and no task is too menial for a leader. He believes in working like hell and is known for a tenacious work ethic. His second lesson is that leaders should have a purpose. He believes leaders must develop a vision and work towards achieving it. His vision is to go to Mars. Next he believes in creativity and says without creativity innovation and progress are impossible. Collaboration and teamwork are important too, and leadership is about doing rather than telling. Musk encourages innovation and urges employees to come up with new ideas. He is a modern example of young and extremely successful innovators and entrepreneurs like Steve Jobs and Mark Zuckerberg. He believes in being decisive as a leader and says this promotes efficiency. Strategy and action lead to results. He also advocates for adaptability and belief in change. Change will always present challenges and leaders need to be able to adapt. Musk believes in using scientific methods to assess the right people during

Motivation Essay Example | Topics and Well Written Essays - 500 words - 24

Motivation - Essay Example He was even of the idea that the productivity levels of the worker were more dependent the pay and they produce more if a piece rate pay system is used (Milkovich, 1991). This means that workers produce more and worker hard in order to earn higher wages. Adam Twidell of Private Fly has adopted various aspects of the motivation theory provided by F.W. Taylor. Firstly, Twidell is following Taylor’s advice regarding the rewards that motivate employees. Taylor stated that it is the pay that motivates employees and even Twidell believes that workers are motivated by extrinsic rewards such as monetary benefits and cannot be motivated through intrinsic ones (Daft, 2011). Due to this Twidell uses the monetary rewards of stock options to those pilots who have been working with the organization for more than one year. Taylor is of the idea that workers are not self-motivated to work and decisions need to be made at the top level management and then these decisions are followed by the lower level of employees (Furnham,2005). Twidell is even following the same rule and he is the one making the decisions for his organization and is delegating tasks to different employees and pilots. Taylor even proposed that the employers have to break do wn jobs into tasks and award those tasks to different employees along with train and that motivates employees to work. In case of Twidell, he states that there are various procedures to be carried out by the employees working on a plane and these procedures need to be divided amongst employees in order to ensure that all the procedures are carried out correctly. Elton Mayo is another theorist who has provided a theory regarding the motivation of employees and he proposed that in order to motivate employees to work the employers need to meet the social needs of the workers (Miner, 2005. He contradicted Taylor’s