fb

Nicely said Mr Musk

Nicely said Mr Musk

We’ve all been there haven’t we? Long boring meetings that don’t seem to be going anywhere.

Maybe you’ve tried to give the impression of being interested in what was being said but in reality the meeting wasn’t relevant for you and your mind was wandering to other more interesting things.

Well, if you’re not a great lover of excessive meetings then you are not alone. In fact, you share the thoughts of an incredibly successful and admired business person. Namely, Elon Musk.

Mr Musk’s current business interests include Tesla and SpaceX.

In the past he founded x.com which later became PayPal. Paypal was subsequently bought by eBay for $1.5 billion.

He currently has a net worth in excess of $20 billion.

But what does he think about meetings?

In an email to his staff that was leaked to the electrek website there were a few productivity recommendations:

In the words of Mr Musk, these include:

– Excessive meetings are the blight of big companies and almost always get worse over time. Please get of all large meetings, unless you’re certain they are providing value to the whole audience, in which case keep them very short.

– Also get rid of frequent meetings, unless you are dealing with an extremely urgent matter. Meeting frequency should drop rapidly once the urgent matter is resolved.

– 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.

– 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 memorize a glossary just to function at Tesla.

– 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.

– A major source of issues is poor communication between depts. The way to solve this is allow free flow of information between all levels. If, in order to get something done between depts, an individual contributor has to talk to their manager, who talks to a director, who talks to a VP, who talks to another VP, who talks to a director, who talks to a manager, who talks to someone doing the actual work, then super dumb things will happen. It must be ok for people to talk directly and just make the right thing happen.

– 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.

Nicely said Mr Musk.

Share this entry

Related articles

View All Articles

Recent articles

View All Articles
Out of this world fashion.
Oct 18, 2024
Title
Out of this world fashion.
Excerpt

If you’re lucky enough to buy your clothes from Prada, will your next purchase be a nice dress, […]

Should we park this?
Oct 16, 2024
Title
Should we park this?
Excerpt

Getting the balance right between innovation and ethics is important in business. Frankfurt’s new parking portal offers an […]

Would a good liar make a good accountant?
Oct 12, 2024
Title
Would a good liar make a good accountant?
Excerpt

Do you have children? Have they ever told you a lie? Even a small teeny weeny lie? Well, […]

Was that true? Was that fair?
Oct 09, 2024
Title
Was that true? Was that fair?
Excerpt

I’ve been a qualified accountant for a fair few years now. I had the pleasure of bumping into […]

How much do Big 4 partners get paid?
Oct 03, 2024
Title
How much do Big 4 partners get paid?
Excerpt

Making it to partner at one of the Big 4 accounting firms—Deloitte, EY, KPMG, and PwC—is considered by […]

Problems at Naomi Campbell’s charity…
Oct 02, 2024
Title
Problems at Naomi Campbell’s charity…
Excerpt

The Supermodel Naomi Campbell was recently banned from serving as a charity trustee for five years. This all […]

Lego – building strategy blocks…
Sep 29, 2024
Title
Lego – building strategy blocks…
Excerpt

Many a parent has felt the pain of standing on a Lego brick which their son or daughter […]

Famous accountants, but not for accounting…
Sep 27, 2024
Title
Famous accountants, but not for accounting…
Excerpt

Accounting, often called the “language of business”, has served as a foundational skillset for many who’ve achieved greatness […]