Elon Musk's no nonsense management style, let's take a look
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.
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- shining87·2022-12-02TOPI never liked Tesla but I want buy some now as gambling ticket starting from $150 and below…13Report
- ValuInvestor·2022-12-03TOPToo many antics and rash moves which cause a lot of discomfort and can be a turn off to most people6Report
- Cory2·2022-12-03TOPI suppose he’s out to make companies that exceed consumer expectation, and run them for maximum profit and excel lence/efficiency.4Report
- _dachad·2022-12-06TOPtelling staff not to stick to the chain of command can cause miscommunication and loss of efficiency. maybe he wants more middle management to quit as that will create the flatter structure he wants.3Report
- Bulltrader·2022-12-02TOPdifferent industrial different style. eg. manufacturing ind cannot apply to ecommerce ind bcoz product cycle diff.4Report
- All in Tesla·2022-12-03TOPThats how he could manage so many billion dollars companies 😅4Report
- Yellow snake·2022-12-06TOPhope Tesla crash more3Report
- MonkeyDonkey·2022-12-04TOPclosely tied OR *closing* tied ?2Report
- DanZillaXD·2022-12-05It's a great change to face the tide of competition. Musk has the attitude needed to push forward and overcome the odds5Report
- hd87·2022-12-03Thanks for sharing :)6Report
- d72dka333·2022-12-05Elon gated my force, keen to pain us5Report
- GarethTan·2022-12-03thanks for sharing [Miser] [Miser]5Report
- YvetteGunther·2022-12-02Tesla changes the world once again!5Report
- YaleBrewster·2022-12-02The more I research about Tesla the more I am certain Tesla is a meme stock. End of story.4Report
- romanc9·2022-12-05Good to know. Tidy up twitter fast and go back to Tesla..3Report
- yuannn·2022-12-05oh lol ok3Report
- Mkoh·2022-12-04brutal but effective3Report
- Tikbalang_·2022-12-02Thanks for sharing. Sounds like he is a reasonable boss2Report
- jimstocker·2022-12-05Nice to know about it. thanks3Report
- keith0083·2022-12-06Thanks for sharingLikeReport