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Elon Musk

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Alisdair Tulloch

on 4 September 2013

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Transcript of Elon Musk

ELON MUSK
Genius
Entrepreneur
Billionaire

“I like to be involved in things that change the world”

- Elon Musk
A Social Entrepreneur
“Social entrepreneurship typically refers to the phenomenon of applying business expertise and market-based skills in the non-profit sector e.g. when non-profit organizations develop innovative approaches to earn income” (Thompson, 2002).

A social entrepreneur has to have vision, determination, and an ability to identify problems and innovation solutions.

Social entrepreneurship is seen more as an agent of change than a profit-seeking enterprise.
Are they a successful leader/entrepreneur?

Why?

What do their supporters/critics say?
One of Time Magazine's 100 people who most affect the world in 2010.
Named as one of the 75 most influential people of the 21st century by Esquire magazine
Recognized as a Living Legend in Aviation in 2010 by the Kitty Hawk Foundation for creating the successor to the Space Shuttle (Falcon 9 rocket and Dragon spacecraft).
American Institute of Aeronautics and Astronautics George Low award for the most outstanding contribution in the field of space transportation in 2007/2008.
National Space Society’s Von Braun Trophy in 2008/2009, given for leadership of the most significant achievement in space.
National Wildlife Federation 2008 National Conservation Achievement award for Tesla Motors and SolarCity.
The Aviation Week 2008 Laureate for the most significant achievement worldwide in the space industry.
R&D Magazine Innovator of the Year for 2007 for SpaceX, Tesla and SolarCity.
Automotive Executive of the Year (worldwide) in 2010 for demonstrating technology leadership and innovation via Tesla Motors.
Inc Magazine Entrepreneur of the Year award for 2007 for his work on Tesla and SpaceX.
2007 Index Design award for his design of the Tesla Roadster.
Global Green 2006 product design award for his design of the Tesla Roadster
Honorary doctorate in humane letters from Amherst College, Massachusetts.
Honorary doctorate in aerospace engineering from the University of Surrey, UK.
Awards & Achievements
“A Ferrari is a very expensive car. It is not reliable. But I would bet you 1,000–to–1 that if you bought a Honda Civic that that sucker will not break down in the first year of operation. You can have a cheap car that's reliable, and the same applies to rockets."

- Elon Musk
Musk Foundation (Chairman)
X Prize Foundation (Chairman)
The Space Foundation (Board Member)
The National Academies Aeronautics and Space Engineering Board (Board Member)
The Planetary Society (Board Member)
Stanford Engineering Advisory Board (Board Member)
California Institute of Technology (Board Member)
Mars Oasis Project (Chairman)
The Giving Priviledge (member)
Tesla Science Center at Wardenclyffe (museum)
Philanthropy
Philanthropy
Innovations
Awards & Achievements
Space travel
Clean Energy
Internet
YES
“Failure is an option here. If things are not failing, you are not innovating enough”

- Elon Musk
Blastar ($500)
Zip2 ($22 Million)
X.com/Paypal ($165 Million)


SpaceX
Tesla Current Net worth: $2 Billion
Solar CIty
Innovations
“What we have been able to do here at SpaceX is to cherry-pick, you know, the top one or two percent and give them, you know, capital to execute well and a clear mission, which is low cost, reliable access to space, and no other constraints."
“My approach is simply to seek out very talented people, ensure that the environment at SpaceX is as motivating & enjoyable as possible and establish clear & measurable objectives.”
Initiating & Consideration Structure
Consideration
Initiating Structure
High Structure & Consideration
High Structure
Low Consideration
Low Structure
High Consideration
Low Structure & Consideration
Componential Theory of
Individual Creativity
What next?
The future of Humanity
The Future
The Privatation of space
The
Hyperloop
The future of Automobiles
Colony
on
Mars
Electric Rockets & Jets
Hypersonic Airlines
Fusion
Energy
(cc) photo by theaucitron on Flickr
(cc) photo by theaucitron on Flickr
- According to Elon Musk
The Future
- According to Elon Musk
Tackles
The Big
Issues
Lives
His
Vision
Goes
All-In


Observable General Personality Traits within the context of work related success
GENERAL PERSONALITY TRAITS
Professional Norms
Talented Group of Individuals
Innovation Inspiration
Computer Technology
Leadership Irrelevance
“Starting and growing a business is as much about the innovation, drive and determination of the people who do it as it is about the product they sell.”
“I think it's very important to have a feedback loop, where you're constantly thinking about what you've done and how you could be doing it better.”
“My approach is simply to seek out very talented people, ensure that the environment at SpaceX is as motivating & enjoyable as possible and establish clear & measurable objectives.”
Leadership Irrelevance
General
Personality
Traits
Authenticity
Trustworthiness
Humility
Assertiveness
Extroversion
Sense of Humor
Self-confidence
Enthusiasm
Task-related
Personality
Traits
Passion
Internal Locus
of Control
Courage
Emotional
Intelligence
Flexible
Adaptability
Componential Theory
- Task Motivation
- Expertise
- Creative Thinking
REFERENCES
Thompson, J. (2002). The world of the social entrepreneur. International Journal of Public Sector Management,15(5), 412–431.
Makhlouf, H. (2011). Social Entrepreneurship: Generating Solutions To Global Challenges. International Journal of Management and Information Systems, 15(1), 1-8.
Dorado,S. (2006). Social entrepreneurial Ventures: Different Values so Different Process of Creation, No?. Journal of Development Entrepreneurship, 11(4), 319-343.
Elon Musk website. Retrieved from http://elonmusk.com/ on 4th September 2012.
Tesla website. Retrieved from http://www.teslamotors.com on 6th September 2012.
Full transcript