The co-founder, CEO and Product Architect at Tesla and SpaceX, Elon Musk is a man who is known for his smart work in the tech industry. According to Forbes, Elon Musk’s net worth is $20.2 billion.
Recently while interacting with his staff through an email to Tesla staff, Elon Musk shared how the company can increase productivity and ramp up the production of the Model 3, units through smart strategies.
Let's check the major points he discussed with staff in the email.
#1 About meetings
Excessive meetings are the blight of big companies and almost always get worse over time. Please get off all large meetings, unless you’re certain they are providing value to the whole audience, in which case keep them very short.
#2 About walking out of a meeting
Walk out of a meeting or drop off a call as soon as it is obvious you aren’t adding value. It is not rude to leave, it is rude to make someone stay and waste their time.
#3 On using acronym at work place
Don’t use acronyms or nonsense words for objects, software or processes at Tesla. In general, anything that requires an explanation inhibits communication. We don’t want people to have to memorise a glossary just to function at Tesla.
#4 On the chain of command
Communication should travel via the shortest path necessary to get the job done, not through the “chain of command”. Any manager who attempts to enforce chain of command communication will soon find themselves working elsewhere.
#5 On using common sense at the workplace
In general, always pick common sense as your guide. If following a 'company rule' is obviously ridiculous in a particular situation, such that it would make for a great Dilbert cartoon, then the rule should change.
And at the end, he signs off by saying
“Thanks for being such a kickass team and accomplishing miracles every day. It matters. We are burning the midnight oil to burn the midnight oil.”