edge and industry leading companies in the world, and they all have one thing in common: their South African-born leadership. Elon Musk is at this point a name known by people young and old across many disciplines, whether in business, investing, or engineering. His net worth is estimated at $11.4 billion as of October 31st, 2016, making him the 94th wealthiest person in the world (Forbes, Elon Musk). His companies also share the goal of revolutionizing how and where, mankind lives. Musk forms companies with the intent to solve a problem that he sees with the world. He does not see his companies as primarily a source of wealth for himself, but instead as a stepping…
I consider Elon Musk to be one of the greatest CEOs of our time. He was the founder of Zip2, an online directory service, and PayPal. Musk is presently CEO and CTO of Tesla Motors, a manufacturer of electric vehicles, and SpaceX, a designer of space transport services. Through my analysis of Musk’s exploits, I conclude that his strength as a leader is threefold: his ability to inspire others with his vision, his unwavering motivation to seek profitability through sustainability and purpose, and…
Leadership Profile: Elon Musk Introduction: Elon Musk is arguably one of the greatest leaders in business and innovation of the past few decades, and possibly into the future. As an adolescent, Elon Musk came to the realization that the most difficult thing was to come up with the right question. After much reflection, he decided the question that would shape the rest of his life: what things would have the greatest impact on the future of humanity’s destiny. Since then, Elon Musk has created…
Elon Musk has never been shy to spend an exuberant amount of money in order to fulfill his ambition. Musk spent over $100 million in SpaceX, over $70 million in Tesla Motors, and over $10 million in Solar City upon entry into these markets without foreseeable returns (Vance, 2015). Musk dedicates large sums of money towards creating production facilities. Making up for the equipment expenditure relied on profits made from the Tesla electric vehicles and investor confidence (Vance, 2015). The…
inspirational film. After watching “Iron Man” and researching the film, I found out that Elon Musk is the inspiration for the character of Tony Stark in the film. According to director Jon Favreau, Musk is a person who could give us insight to the Tony Stark character in the film. Musk is a billionaire as well and a successful entrepreneur who manages several companies that…
currently control” (Howard Stevenson,1983). Entrepreneurs perform the main functions of driving innovation, risk taking and management of resources. Entrepreneurs can be broadly categorized using the following types; innovative, imitative, drone, Fabian and social entrepreneurs. (Chand, 2017) Elon musk is a combination of an innovative and social entrepreneur where his creations are being fueled with new creations that would impact the society…
falling stock prices are not the problem for musk, and in fact he is not worried that the cars are not selling as well as people want. The issue is the stockholders who want to make a quick return. Musk believes that if his stockholders do not believe in his same vision as him then they should sell their shares. He believes that his stockholders are buying into something bigger than just making money, but buying into a company who vision is to change the future of the car industry. When we…
From the lecture, I found encouraging innovation by asking employees to come up with ideas was the most important quality of an entrepreneurial leader. At Solvay this is a commitment they live by. Not only is this a good idea for the company, since they could possibly acquire the next big innovation, it inspires employees, like Martin Luther King, Jr. did. Without repercussions entrepreneurs like Jean-Pierre Clamadieu can create a pool of shared ideas that will help Solvay become a more…
Innovation System 1.1 The Profile of Elon Musk Elon Musk is the CEO and CTO of SpaceX, CEO, Chief Product Architect of Tesla Motors, Chairman of SolarCity, and Co-founder of PayPal. Musk is also involved in developing a high-speed transportation system known as Hyperloop. Elon Musk invests in the projects which can positively change our world. He is not only an entrepreneur but also an inventor, an innovator, and an engineer. Musk personally participates in designing of electric cars and…
V. Elon Musk - Bettering Humanity Despite A Great Chance of Failure Elon Musk, the CEO of Tesla Motors, was born and raised in South Africa. He has accomplished many things in his life and says that you should always dream big and never give up no matter how many failures you have. His first rocket exploded on the first launch and he never gave up or cried about it. Instead, he kept chasing his dream regardless of what happened. He wanted to explore space, and maybe take humans to Mars in the…