A company performance is closing tied to the leadership style of their CEO. Elon Musk's recent acquisition of Twitter gave us a peek into his management methods as he seemingly attempts to transform Twitter's culture to a 'hardcore' one having warned that Twitter might face bankruptcy if no drastic changes are made.
Technical Qualification Over Education Qualification
In a 2014 interview, Musk said he looked for "evidence of exceptional ability" in a potential employee, rather than a degree from a prestigious university.
High Expectations and Results Driven
Employees are expected to provide an update weekly on your work done and low performers are given 4 weeks to improve or will be laid off
In a leaked internal memo, Elon Musk expect employees to give weekly updates on what they achieved at work arguing its "not unreasonable" for Twitter staff to give weekly updates about their work.
Does not believe it is productive working from home
“It's just my philosophy that people are way more productive when they're in person because the communication is much better,” Musk told employees in a response to the question about working remotely.
Fast acting , objective cost cutting
To turn around the rate that Twitter is losing money, Elon Musk was fast acting and objective in his approach.
Twitter layed off almost half of their workforce in the first week after Elon Musk took over the company
Another cost cutting that took place was removing the free meals for employees which cost $400 each a month. Elon Musk argued that no one was in the office having lunch
Does not believe in long or excessive meetings
Conclusion
Elon Musk's management style might be unpopular but it sure is effective from the massive growth Tesla and SpaceX achieved over the years.
Comments