Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to apply the 3-step problem solving approach in the case down below? Please with expiation and how to put it into this case? Case

image text in transcribedimage text in transcribedimage text in transcribed

How to apply the 3-step problem solving approach in the case down below?

Please with expiation and how to put it into this case?

image text in transcribedimage text in transcribedimage text in transcribed
Case Study 2 ROBLEMSOLVING APPLICATION CASE Leadership Matters! Elon Musk is widely regarded as one of the most successful entrepreneurs in history.m He became a billionaire by age 31 after founding and selling several successful statt-upsmost notably the company that would later be known as Paypal. In 2004 Musk invested $6.3 million into Tesla Motors and soon after became the company's CEO.m Musk has a keen ability to express ideas and get people excited about them and has garnered praise for his inspiring and visionary leadership; Author Dale Buss argues that \". . . a huge part of Musk"s motivational quiver is to come up with and continually express other-worldly goals that appeal to the passions of his employees as well as to his own ambitions\": Todd Maron, Tesla's former general counsel, said Musk is \"someone who empowers you to be better than you think you can be,\" adding that \"he has extraordinarily high standards, and so he pushes you to be your absolute best.\" Another former employee described Musk as \"the smartest person I have ever met,\" adding, \"I can't tell you how many times I prepared a report for him and he asked a question that made us realize we were looking at the problem completely wrong.\"13 MUSK'S LEADERSHIP STYLE AND BEHAVIOR Some have criticized Musk's aspirations to change the world as outlandish and his ideas as unachievable, but Musk doesn't believe in impossibilities. Says author Christopher Davenport, \"People are always telling him he can't do it. But he doesn't like to hear it can't be done. He categorically rejects that. It's all about, 'How can we do it?' \"HiA recent example of Musk's stubbornness is the production of the Model .3. After the company revealed the concept to the public and locked in production dates, Musk called a meeting to tell executives he had a dream that the entire production process had been fully automated. In other words, vehicle production would require no humans from start to finish. He wanted to make the dream a reality, he wanted to do it with the Model 3, and he wanted to begin production four months ahead of Tesla's original schedule. What followed were several months of what former executives and employees describe as a familiar pattern: executives told Musk his idea wasn't achievable, he disagreed, and engineers resigned when they realized they couldn't reason with him.11E Musk eventually conceded that his idea for frilly automated production of the Model 3 was a non-starter, and he and his workers scrambled to get production back on track by working 80 100 hour weeksH-E Customers waited months past delivery dates for their vehicles and took to social media to lambast the company. Further, many of the Model 3s that were delivered needed costly and time-consuming repairs.ml Musk would later refer to the ordeal as \"production hell.\"3=9 Some blame Musk's inability to delegate for Tesla's problems and for the recent exodus of more than 36 VPs and other high-ranking executives.1=m Musk wants things done his way down to the tiniest detail and often rejects industry best practices along with advice from his senior leadership. For example, Musk once instituted a new workflow management method against the advice of his production workers. The employees secretly reverted to Toyota's Kanban method when Musk's technique ultimately slowed production1 Author Barry Errderwick believes Musk's micromanaging style \". . . displays a fundamental misunderstanding of what leadership means. No one person can do everything at a company. \"E Others blame Musk's mental health for his downward spiral and describe him as emotionally unstable and fragile. Musk developed a reputation on the production floor for openly ridiculing, insulting, and bullying workers who fell short of performance targets. He appeared extremely sensitive to skeptics, often reassigning workers who questioned his ideas to new departments, uninviting them to important meetings, and even firing them. Musk also displayed frequent emotional reactions to isolated customer complaints on social media. As a former employee recalls, \"Some customer would tweet some random complaint, and then we would be ordered to drop everything and spend a week on some problem affecting one loudmouth in Pasadena, rather than all the work we're supposed to do to support the thousands of customers who didn't tweet that day."'143 Musk's recent public appearances and social media posts have raised consumer concerns about his ability to deliver on his promises and successfully run his companies. In one instance, he angrily tweeted that a diver sent to rescue a trapped Thai boys' soccer team was a pedophile after Musk's offer to assist with the rescue was declined. The diver filed a defamation lawsuitPage 544 against Musk for this damaging and unsubstantiated claim.'~E As another example, Musk chose to smoke marijuana during an appearance on \"The Joe Rogan Experience\" podcast.vi In August 2018, in what would prove the most financially damaging of his social media choices to date, Musk tweeted that he was taking Tesla private and had secured the funding to do so. As a result of his tweet, the company's shares skyrocketed 11 percent in one day. Musk had not actually secured funding to take Tesla private and the SEC charged him with securities fraud. He settled the case and agreed to pay a $40 million fine to the SEC, step down as Tesla's chairperson, and allow others in the company to regulate his social media activity A few months after reaching the settlement, Musk gave a 60 Minutes interview and said \"I do not respect the SEC.\" 'Nhile it is not illegal for Musk to criticize the regulatory agency, experts agree it's an unwise choice, both in terms of his relationship with the agency and his ability to attract board members to his companies\": WHAT'S NEXT FOR ELON MUSK? Musk's quirkiness, overconfidence, and volatility resemble the attributes and behaviors of other famous entrepreneursmost notably, Steve J obse As consumers we allow for and even expect a certain amount of idiosyncrasy in our leaders. Yale School of Management's Dr. Jeffrey Sonnenfeld argues that some measure of hubris is necessary for entrepreneurs to succeed, saying, \"The odds are against them succeeding rationally, so they have to have an unrealistic sense of their own efficacy to beat the odds.\" But Sonnenfeld also notes that Musk is likely to \"take himself and the company off a clif "' if he doesn't dial things backs Tesla recently unveiled its new electric vehiclethe Model Y crossoverto lukewarm reception. Pre-orders started immediately and required a $2,500 initial payment$1,000 more than the company had charged customers to reserve the Model 3. Market analysts see this increase as cause for concern about the company's cash position and predict that initial orders for the Model Y will be much lower than they were for the Model 3% As for that tweet that cost him $40 million in SEC fines and his position as chairman of Tesla's board, Musk says it was \"worth it.\" APPLY THE 3-STEP PROBLEM-SOLVING APPROACH TO OB STEP 1: Define the problem. A. Look first at the Outcomes box of the Organizing Framework in Fidure 13.6 to help identify the important problem(s) in this case. Remember that a problem is a gap between a desired and a current state. State your problem as a gap, and be sure to consider problems at all three levels. If more than one desired outcome is not being accomplished, decide which one is most important and focus on it for steps 2 and 3. . Cases have protagonists (key players), and problems are generally viewed from a - particular protagonist's perspective. Identify the perspective from which you're defining the problem. STEP 2: Identify causes of the problem by using material from this chapter, summarized in the - Organizing Framework shown in Figure 13.6. Causes will appear in either the Inputs box or the Processes box. A. CCU Start by looking at Figure 13.6 to identify which person factors, if any, are most likely causes to the defined problem. For each cause, ask yourself, Why is this a cause of the problem ? Asking why multiple times is more likely to lead you to root causes of the problem. . Follow the same process for the situation factors. Now consider the Processes box shown in Picture 13.6. Consider concepts listed at all three levels. For any concept that might be a cause, ask yourself, Why is this a cause? Again, do this for several iterations to arrive at root causes. . To check the accuracy or appropriateness of the causes, map them onto the defined problem. STEP 3: Make your recommendations for solving the problem. Consider whether you want to resolve it, solve it, or dissolve it (see Section 1.5]. Which recommendation is desirable and - feasible? A. B. Given the causes identified in Step 2, what are your best recommendations? Use the content in Chapter 13 or one of the earlier chapters to propose a solution. You may find potential solutions in the 0B in Action boxes and Applying OB boxes within this chapter. These features provide insights into what other individuals or companies are doing in relationship to the topic at hand. Create an action plan for implementing your recommendations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Supply Chain Logistics Management

Authors: Donald Bowersox, David Closs, M. Bixby Cooper

5th Edition

1260547825, 978-1260547825

More Books

Students also viewed these General Management questions

Question

Is there any evidence that contradicts this statement?

Answered: 1 week ago

Question

What is a verb?

Answered: 1 week ago