Wednesday, May 4, 2011

Q: If MBA CEOs aren't good at running startups why are they running our Econ Dev Orgs? Elon Musk on Running Tesla Motors and SpaceX - BusinessWeek - StartupAgile

Elon

I run both [electric car company] Tesla (TSLA) and SpaceX myself. It's a heavy workload, and I've never really wanted to run companies. Unfortunately, I came to the conclusion I was better than the CEOs we hired. If I'm not CEO, I can't make the inventions happen in the way they need to happen. Professional managers—MBA CEOs—are not very creative or adaptable, and their skills don't suit a startup. Business is like a multidimensional probabilistic chessboard. The rules aren't set, and the same moves don't always make you win. A lot of people can be really good in a set-piece battle; my biggest differentiating skill is I can invent new pieces.

 

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