We have a saying in the Vistage Community, “Change occurs when the certainty of pain, outweighs the pain of uncertainty.”
This certainly describes the challenges that Elon Musk faced in 2017 in producing enough Tesla Model 3s to keep the company afloat as recounted in Walter Isaacson’s new bio of Musk (Isaacson wrote the definitive bio of Steve Jobs a few years ago),
Musk didn’t have time to build a new factory, so he focused on making what he had more efficient. According to Isaacson, “That experience through hell….also helped Musk shape five commandments for how he wants problems solved by his workers across his companies, from rocket maker SpaceX to social-media platform X, formerly Twitter.” This has become known as “Elon’s Algorithm,” or “The Five Rules from Elon Musk to Get Important Things Done.”
While we’re on Elon, check out his five rules on “How to Create a Successful Company: Elon Musk’s 5 Rules.”
