Management strategy performance

Introduction

This paper is about two leaders, Elon Musk and Dara Khosrowshahi. The primary concept explained in the paper is the successful leadership styles used by both leaders in the business industry. A detailed comparison of both leaders is also provided to help readers understand better leadership skills that make businesses successful. Elon Musk, the co-founder of PayPal, founder of Space X, and the current CEO of Tesla Motors Company is an exceptional leader who is characterized by an ambitious nature. Dara Khosrowshahi is the current CEO of Uber, who helped the company recover from the previous scandals created by the former CEO.

Leader Effectiveness of Elon Musk and Dara Khosrowshai

The management system of the organization highly determines the success of an organization. Leaders should be competent in all areas to ensure that any business company produces positive outcomes; it is, therefore, essential for an organization should to have effective leaders. Effective leaders are people who have passion for a dream that is greater than what they can achieve but still believe in their vision and work towards fulfilling their goals to better the community (Roka, 2018). 

Elon Musk is an effective leader because he always believes in his visions, and no matter how insanely they seem, he still believes that he will accomplish them. An example that shows Elon Musk does not wing his ideas is when an interviewer asked him when he thinks the first human will set foot on Mars, and he gave a direct specific answer 2025. He believes that a business plan should always accompany goals; otherwise, they can be considered unrealistic (Wild, 2016). Elon Musk’s ideas still have realistic business strategies for example when they wanted to build the first electronic car, they knew that that could be very expensive and therefore they planned to start with a high-end vehicle for the wealthy which had to be pre-ordered before creation. He is a person who understands that leadership entails learning new things every day. He reads for ten hours every day, and that’s why he built the knowledge of rocket science.

Dara Khosrowshai is an effective leader because he always emphasizes on the need to keep the Uber Company innovative always. Creativity is still the key to success in the business world. He explains how organizing his team in different units that do their own thing can help them remain entrepreneurial. He, however, explains how keeping the company innovative is challenging and how breaking up the company helps them maintain creativity. He describes how managing employees and creating a company culture is essential. He describes his core culture as one that values and trust employees to perform the right tasks. Trusting his employees has contributed to the success of the Uber Company. Dara believes in his employees and encourages them whenever things seem hard, in 2008, when they had a significant loss, he helped his employees to forge ahead and not to look back. And with excellent teamwork and innovative minds, they were able to bring the Uber Company back to light.

Increasing Motivation

Motivation is fundamental in the business world. Lack of motivation makes employees produce mediocre outcomes. It is crucial for leaders always to consider motivating their employees to ensure there are consistent successful outcomes.

Elon Musk motivates his employees by encouraging them to believe in their dreams and to work towards ensuring they accomplish their goals. He believed in himself and his employees, and that is why the electric car Motor Company is as successful as it is currently. Elon Musk motivates his employees through acting as a role model as far as increasing his knowledge is concerned. He has a habit of reading books, which makes his dreams achievable (Gray, 2016). His employees learn from him and work towards improving the Company. Musk is known to very inspiring; he always wants to work on things that inspire human existence. He believes that motivating his employees will have the capability of increasing the chances of the Company’s success.

Dara Khosrowshahi motivates his organization by encouraging employees to be ambitious always. He has an encouraging nature and encourages employees not to give up during stressful times, and he says that as a leader, it is always important to always go against the flow. He talks about the importance of showing employees that things will work well even if they seem impossible, such encouragements keep employees motivated to work hard and prevents them from shying away from challenges. He encourages employees to come up with new ideas and use the ideas to better the Company without having to consult him. Such acts make employees feel appreciated and keep them motivated (Cook, Patel, & O’Rourke IV, 2019).

How Elon Musk and Dara Khosrowshahi will be Remembered in Business History

Leaders need to impact positively on people’s lives because that makes people remember them for many years to come.

Elon Musk will be remembered because of his confidence in his work. He believes that everything is achievable. His work is inspirational and makes people know that everything is possible. When he achieves the goals of sending people to mars and increasing power stations for the electric vehicles, a lot of people will remember his bold move and the aspect of believing in his dreams (Schilling, 2017).

Dara Khosrowshahi will be remembered because of how he saved the Uber Company, which had experienced severe loss in 2008 (Basu, 2019). He encouraged the employees to be innovative, and through steadily appreciating their performance, they were able to bring the company back to success levels. He will be remembered for creating a brilliant Company Culture that makes employees feel valued and appreciated.

Communicating with Support Ideas

Communication is a very important and critical factor in the success of any business organization. Proper communication keeps the business going, and it helps leaders and employees understand each other.

Elon Musk communicates to his employees directly. He discourages the chain of command where communication has to follow a particular channel (Strielkowski, & Chigisheva, 2018). He explains how excellent communication in Companies is critical and how first communication should be to prevent delays in relaying important information that may require instant action.

Dara Khosrowshahi communicates directly with his employees because he believes in building trust between him and his employees. Communicating directly with his employees helps solve problems efficiently and carefully.

The Techniques for Problem-solving, Generating Solutions and Decision Making

Avoiding Problems in the business environment entails employing problem-solving techniques should always be adapted to prevent a repeat of the same issues in the future.

Elon Musk approached problem-solving through three simple steps which are, identifying and defining assumptions of the problem, break down the problem into fundamental principles, and creating solution s from scratch.

Dara Khosrowshahi approached problem-solving through the use of a systematic process that helps create solutions. In 2008, when Uber faced the most significant loss, he identified the problem and the magnitude and came up with solutions through the help of his employees. After creating an innovative mindset in the minds of his employees, he was able to save Uber (Spott, 2018).

Summary and Conclusions

Excellent leadership skills help organizations stand out. Effective leaders are always continually looking for ways to increase their knowledge, respect, and motivate their employees, among others. Team-building techniques are vital because they include everyone in the decision making processes that contribute to the success of organizations. Leaders should also humble themselves and learn from their employees.

Communication in business activities is very crucial; when the flow of information is constant in an organization, decision-making processes get easier. Effective leaders provide employees with achievable goals that prevent them from wasting a lot of energy on unachievable goals. Elon Musk and Dara Khosrowshahi are great leaders who appreciate the work of their employees and guides them in all activities.

References

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