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Elon Musk has his fingers in lots of pies. He’s CEO of automaker Tesla and rocket firm SpaceX. He additionally based tunnel building agency the Boring Firm and co-founded Neuralink, a mind implant startup. Now it appears like Musk will spearhead the trouble to take Twitter non-public and probably roll it into an “every little thing app” he calls X.
If that seems like loads, nicely, it’s. Many observers have puzzled whether or not Musk ought to step down from a number of of his management positions, notably as CEO of Tesla, as a result of he’s strapped for time. They is likely to be proper. Different observers see indicators of Founder’s Syndrome, by which founders battle to delegate, share the limelight and so forth. Which may even be the case.
Right here’s one other method to phrase that query: Is Tesla nonetheless in its early days? Or is it a well-established enterprise that should deal with electrical automobiles and distributed renewable vitality? The way you reply that in all probability dictates whether or not you assume Musk ought to keep or go.
These questions deal with a problem that each one corporations face in some unspecified time in the future of their lives: Ought to they make investments sources in exploring new niches or work on exploiting current ones they’re already aware of?
Many corporations attempt to do each — the so-called ambidextrous group — to allow them to proceed to revenue from an current enterprise whereas exploring new markets. That’s exhausting to drag off, and irrespective of how exhausting they fight, each chief has tendencies that pull them in a single course or one other. (This is the reason it’s essential for founders to have various, empowered lieutenants and boards to allow them to draw on a variety of views and competencies.)
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