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Leadership and Management, Theory and Practice : Report

   

Added on  2020-07-22

10 Pages2993 Words33 Views
LEADERSHIP ANDMANAGEMENT, THEORYAND PRACTICE

Table of ContentsINTRODUCTION...........................................................................................................................11. Leadership styles used by Elon Musk ....................................................................................12. Leadership qualities that Elon Musk have contributed to his successes or failures................33. Elon Musk exemplifies ethical leadership and evaluate the advantages and disadvantages ofethical leadership.........................................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONIn a modern era of companies, there are two basic elements which aids an company toattain the objectives of business firm and those two elements are leadership and management.Leadership is a kind of practical skills which an individual possess in order to lead and provideguidance to other people, team or an organisation towards the track of betterment whilemanagement is considered as an authority to manage the operations and functions of anorganisation so that aims and objectives of firm can be achieved in effective manner. Elon Muskis one of the greatest inventors of all time and has been innovating in the engineering space.After facing all the hard life experiences Elon Musk did not gave up and fought with thembravely and maintained his focus on the vision he saw (Bolden, 2011). He sat himself as anexample of one man to dream, strategies and implement. In this report, the spotlight will be onleadership and management styles which were adopted by Elon Musk for being successful. 1. Leadership styles used by Elon Musk Elon Musk whose name is considered among the best innovative minds have beensuccessful in these years and for that he used many leadership theories and among them hemostly used transformational leadership style. There are mainly 8 types of leadership styleswhich are being used by Elon Musk and those are described below: Management Theories: This kind of theory is all about managing the conduction ofoperations and uplifting the standards of employees. In this kind of theory the main focusis on supervising the operations and performance level of employees. Elon Musk haveadopted this kind of theory in order to make relationship healthy with employees. Thathave been done with the help of various tools and techniques like starting up of rewardssystem. Being a strict nature person, Elon Musk is very strict and discipline about hiscompany and work, so there are various punishments made for any illegal activityconducted by any of the employee. Relationship Theories: This kind of theory is basically called as transformationalleadership. Elon Musk have high number of followers and due to that this theory is beingapplied by him. In this theory, basically the main focus is on motivating and inspiring thefollowers and that can be done by setting up examples of great things done. In case ofElon Musk, there are million of followers behind him and to lead them for better future1

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