Question
1. which of the skills management interpersonal, communication, strategic thinking, vision, problem-solving, decision-making, flexibility, adaptability to change, reconciling the conflicting interests of stakeholders are in
1. which of the skills management interpersonal, communication, strategic thinking, vision, problem-solving, decision-making, flexibility, adaptability to change, reconciling the conflicting interests of stakeholders are in this case study?
2. which of achieving business goals - profits, market share, growth, share price, social, environmental - achieving a mix of the above goals - staff involvement - innovation, motivation, mentoring, training are in this case study?
3. what is the management approach management approaches x classical approach - management as planning, organising and controlling - hierarchical organisational structure - autocratic leadership style x behavioural approach - management as leading, motivating, communicating - teams - participative/democratic leadership style x contingency approach - adapting to changing circumstances in this case study?
Elon Musk, co-founder of PayPal and currently the CEO of Tesla and SpaceX, is an internationally recognised entrepreneur and visionary. He wants to establish a colony on Mars by 2040. In 2021, he became the richest person in the world based on the rising share value of his companies. He has a unique approach to management, termed 'creative leadership'. A creative exal leader is more like a coach than a commander, facilitating managers to achieve the business's goals. A key skill is communication. Leaders must listen more than they speak Creativity and demanding high standards must be balanced with reflection and humility. However, Elon Musk's own management style does not always reflect this. Like Apple's Steve Jobs, Elon of his company's operations. including design, production and marketing. However, he describes his approach as a 'nano-manager', an extreme form of a micromanager. This can create a very demanding work environment in which employees perceive a lack of trust and freedom to perform their role. Therefore, perhaps Elon Musk is a better visionary than a leader. He inspires others but lacks some of the skills and qualities necessary for day-to-day management Source 5.7 Elon Musk received the 2020 Axel Springer Award, which 'honours outstanding personalities who involves himself in all aspects are innovative in an extraordinary way, who create and change markets and who shape culture while at the same time shouldering their social responsibility
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