Elon Musk Must Learn To Accept Best Practices From Outsiders

A few weeks ago, we conducted a pillar in the CEO of Sotheby’s International Realty Affiliates, Philip White, which comprised a brilliant piece of information:

I have seen the pursuit of goodwill with no consideration for other elements blind executives to additional rewarding opportunities. If another company does something that doesn’t imply no one else may use the same idea — that the most successful companies routinely appropriate best practices from other businesses to maintain an edge in the marketplace.

Put simply you need to definitely appropriate somebody else’s idea/formula in company and place your own touch with it. Nobody is saying you need to intentionally slip, nevertheless it’s OK to borrow best practices for the sake of succeeding.

Sure, there are too many remakes in Hollywood, a bunch of apps on your mobile that do the exact same thing, and a lot more high-end burger places than will be needed –but that doesn’t mean that you can’t even take what’s worked elsewhere and deliver it to your organization.

I couldn’t help but think of White’s information when reading through a lengthy, thorough takedown of Tesla CEO Elon Musk about CNBC.com this week. CNBC’s Lora Kolodny spoke with 35 former and current Tesla workers, who generally, have mixed feelings about the controversial Musk. Generally , it’s apparent this brilliant CEO has motivated many of his employeesbut alienated and frustrated most others on his staff.

Musk–whose propensity for the spotlight makes him somewhat of an easy target–is once more instructing CEOs what not to do. Below are five important takeaways from the article on what you should not be doing.

Don’t even let pride get in the best way. The article talks about the way Musk rejects outside expertise from other carmakers. In particular, workers are seemingly banned from using Toyota’s world-famous Kanban program. Kanban helps workers reduce clutter and produce a more efficient production program (no small matter when you’ve ever been tasked with producing 5,000 Tesla Model 3 automobiles in a week).

According to the article, workers have even taken to hiding their Kanban cards when Musk visits the mill. If workers can use somebody else’s method to enhance operations at your organization, why discourage them from doing it? Sadly, I think we all know the answer to that question (suggestion: ego).

Don’t even attempt to do it all yourself. Former employees told Kolodny that Musk wants Tesla to be totally self-reliant, so they seldom use outside software. Using your software isn’t even a problem, until it becomes you. Tesla’s homemade purchasing order program doesn’t work nicely, according to the article, and it makes it almost impossible for workers to track whether their jobs are over budget. When you’re losing over $700 million each quarter, you should probably try to stick to a budget.

Don’t even move for speed . This ought to be obvious for any carmaker, however, the report relays the way during Tesla’s initial 5,000 cars each week drive, Musk tried to speed up battery generation by eliminating parts that he believed were entirely unnecessary. Not only was an illustration of Musk’s micromanagement, but workers allege the batteries produced from this new, sped up process weren’t tested for crash-worthiness.

Don’t go spending money to differentiate yourself. In the rush to create Tesla a unique premier car maker, Musk signed off on expensive high-end jobs that went nowhere. For instance, Tesla spent $40 million over a “magic carpet” that was supposed to transfer parts over to employees on the Model 3 production line. Unfortunately, the magic rug never got off the floor.

That’s just one example–there’s that the overreliance about automation, Tesla’s “vision strategy,” and much more. Not to keep harping about the financials, but whenever you’re losing as much as Tesla, you can’t even afford to deal with money as an object.

Don’t even stop learning from the failures. The article will give credit where credit is due: Musk learns fast from his mistakes and has since evolved to rely less on automation. “Fail quickly and move on” is a Silicon Valley credo–it’therefore not surprising many individuals see that as one of Musk’s power, according to the report.

The article Elon Musk Must Learn To Accept Best Practices From Outsiders appeared first on ChiefExecutive.net.

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