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How Elon Musk Gains Massive Success by Learning Differently from Everyone Else

How Elon Musk Gains Massive Success by Learning Differently from Everyone Else

There are successful people and then there are extremely successful people. We all know it’s not about luck but more sheer hard work, determination and belief. But in the case of Elon Musk – who has built up four successful multi-million dollar companies – how does he do it?

He’s not only built up these four companies incredibly successfully but they’re all in separate industries – software, energy, aerospace and transportation. Surely this goes against all we’re taught? Shouldn’t we always focus on just one field in order to become the complete expert?

So what is the secret to Musk’s success? The answer lies in his ability to be an expert generalist.

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What Exactly Is an Expert Generalist?

The term expert generalist was coined by Orit Gadiesh, chairman of Bain & Co. to describe someone who has the ability to learn and master several different disciplines and skills.

You may have heard the phrase “Jack of all trades, master of none” which implies that by trying to learn many things, you inhibit your ability to master any of them fully. This is how many teachers and mentors have approached the way of achieving success. However, Elon Musk is an example of the opposite and proves that success can come from learning a wide variety of subjects in a deep way and gaining the ability to transfer and apply knowledge to several different fields.

How Being an Expert Generalist Can Bring You More Success

It’s time to break the myth that focusing on one discipline is what gets us the most success in life, especially when it comes to business.

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In today’s world, business and the world’s economies are changing at a rapid pace. This means that, to get as much chance of success as you can, you need to be able to quickly adapt to change. This is how expert generalists such as Elon Musk get ahead of the game because they take care of both the breadth and depth of knowledge on many different subjects.

But this isn’t a new concept. Many successful people throughout the centuries have adopted this approach including Picasso, Richard Feymann and Charlie Munger who have all been able to master several, almost opposing, disciplines. They all carry similar characteristics including openness, an appetite for learning and the ability to draw ideas from multiple disciplines and be able to apply them across different subjects – in other words, they are all creative.

This idea was reflected in a study[1] that examined how the top 59 opera composers of the 20th century mastered their success. They found that a certain degree of ‘cross-training’ was adopted rather than the expected result that deliberate focus and practice is what is the cause of a composers success.

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So how exactly has Elon Musk developed a strategy that allows him to become an expert generalist? It’s all down to the concept of learning transfer which is a process of deconstructing and reconstructing the fundamental principles of knowledge.

The Learning Transfer Technique Revealed

This two-step process is something Elon Musk has talked about in multiple interviews as his secret to his exceptional success.

  • Deconstruction of Knowledge into Fundamental Principles: This is basically the idea that when learning a new subject we shouldn’t just take one approach (often the most obvious or expected one) but look at several approaches, deconstruct and compare each one. This will ultimately highlight underlying fundamental principles.
  • Reconstruct Fundamental Principles into New Areas: Elon Musk deconstructed his knowledge in artificial intelligence, technology, physics, and engineering and applied the fundamental principles to each of his businesses. In other words, he saw how the fundamental principles could be adapted and applied to new things instead of seeing each well of knowledge for each subject as only being separate and disconnected from each other.

This ultimately generates new ideas and to ‘think outside the box’ using creativity as a tool to use basic fundamental principles to create different perspectives.

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How to Become an Expert Generalist and How to Adopt the Learning Transfer Ability

While many successful people are expert generalists, Elon Musk stands out as a true advocate for ultimate achievement. So what does he do to get to this level and what steps can we take?

  • Read extensively: It’s not about reading a book every now and then, Musk would read around 60 times more than the average reader. The passion and thirst for knowledge must exist.
  • Read about a wide range of disciplines: As discussed earlier, it’s not about focusing well on one subject but gaining knowledge from a wide variety in order to get a broader perspective.
  • Deconstruct the ideas: What similar themes run through each discipline? How do they compare and contrast?
  • Reconstruct the fundamental principles: Always ask yourself ‘what does this remind me of?’ and ‘why does it remind me of it?’ This helps you see possible connections across the different pools of knowledge and subjects that will allow you to reconstruct new ideas.
  • Be unique in your thinking: Elon Musk says “when you want to learn something, you have got to boil it down to its simplest form, and then work your way up from there. You can never learn from others’ work.” In other words, don’t take a way that someone does something at face value – always search for different perspectives.

So if you’re looking to adopt the expert generalist mindset, the key is to recognise the value in new experiences and subjects. Opening yourself up to learning something new will deepen your knowledge base, while questioning concepts and seeing connections will help you come up with innovative ideas and solutions.

Reference

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Jenny Marchal

A passionate writer who loves sharing about positive psychology.

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Last Updated on September 30, 2020

Effective vs Efficient: What’s the Difference Regarding Productivity?

Effective vs Efficient: What’s the Difference Regarding Productivity?

When it comes to being effective vs efficient, there are a lot of similarities, and because of this, they’re often misused and misinterpreted, both in daily use and application.

Every business should look for new ways to improve employee effectiveness and efficiency to save time and energy in the long term. Just because a company or employee has one, however, doesn’t necessarily mean that the other is equally present.

Utilizing both an effective and efficient methodology in nearly any capacity of work and life will yield high levels of productivity, while a lack of it will lead to a lack of positive results.

Before we discuss the various nuances between the word effective and efficient and how they factor into productivity, let’s break things down with a definition of their terms.

Effective vs Efficient

Effective is defined as “producing a decided, decisive, or desired effect.” Meanwhile, the word “efficient ” is defined as “capable of producing desired results with little or no waste (as of time or materials).”[1]

A rather simple way of explaining the differences between the two would be to consider a light bulb. Say that your porch light burned out and you decided that you wanted to replace the incandescent light bulb outside with an LED one. Either light bulb would be effective in accomplishing the goal of providing you with light at night, but the LED one would use less energy and therefore be the more efficient choice.

Now, if you incorrectly set a timer for the light, and it was turned on throughout the entire day, then you would be wasting energy. While the bulb is still performing the task of creating light in an efficient manner, it’s on during the wrong time of day and therefore not effective.

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The effective way is focused on accomplishing the goal, while the efficient method is focused on the best way of accomplishing the goal.

Whether we’re talking about a method, employee, or business, the subject in question can be either effective or efficient, or, in rare instances, they can be both.

When it comes to effective vs efficient, the goal of achieving maximum productivity is going to be a combination where the subject is effective and as efficient as possible in doing so.

Effectiveness in Success and Productivity

Being effective vs efficient is all about doing something that brings about the desired intent or effect[2]. If a pest control company is hired to rid a building’s infestation, and they employ “method A” and successfully completed the job, they’ve been effective at achieving the task.

The task was performed correctly, to the extent that the pest control company did what they were hired to do. As for how efficient “method A” was in completing the task, that’s another story.

If the pest control company took longer than expected to complete the job and used more resources than needed, then their efficiency in completing the task wasn’t particularly good. The client may feel that even though the job was completed, the value in the service wasn’t up to par.

When assessing the effectiveness of any business strategy, it’s wise to ask certain questions before moving forward:

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  • Has a target solution to the problem been identified?
  • What is the ideal response time for achieving the goal?
  • Does the cost balance out with the benefit?

Looking at these questions, a leader should ask to what extent a method, tool, or resource meets the above criteria and achieve the desired effect. If the subject in question doesn’t hit any of these marks, then productivity will likely suffer.

Efficiency in Success and Productivity

Efficiency is going to account for the resources and materials used in relation to the value of achieving the desired effect. Money, people, inventory, and (perhaps most importantly) time, all factor into the equation.

When it comes to being effective vs efficient, efficiency can be measured in numerous ways[3]. In general, the business that uses fewer materials or that is able to save time is going to be more efficient and have an advantage over the competition. This is assuming that they’re also effective, of course.

Consider a sales team for example. Let’s say that a company’s sales team is tasked with making 100 calls a week and that the members of that team are hitting their goal each week without any struggle.

The members on the sales team are effective in hitting their goal. However, the question of efficiency comes into play when management looks at how many of those calls turn into solid connections and closed deals.

If less than 10 percent of those calls generate a connection, the productivity is relatively low because the efficiency is not adequately balancing out with the effect. Management can either keep the same strategy or take a new approach.

Perhaps they break up their sales team with certain members handling different parts of the sales process, or they explore a better way of connecting with their customers through a communications company.

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The goal is ultimately going to be finding the right balance, where they’re being efficient with the resources they have to maximize their sales goals without stretching themselves too thin. Finding this balance is often easier said than done, but it’s incredibly important for any business that is going to thrive.

Combining Efficiency and Effectiveness to Maximize Productivity

Being effective vs efficient works best if both are pulled together for the best results.

If a business is ineffective in accomplishing its overall goal, and the customer doesn’t feel that the service is equated with the cost, then efficiency becomes largely irrelevant. The business may be speedy and use minimal resources, but they struggle to be effective. This may put them at risk of going under.

It’s for this reason that it’s best to shoot for being effective first, and then work on bringing efficiency into practice.

Improving productivity starts with taking the initiative to look at how effective a company, employee, or method is through performance reviews. Leaders should make a point to regularly examine performance at all levels on a whole, and take into account the results that are being generated.

Businesses and employees often succumb to inefficiency because they don’t look for a better way, or they lack the proper tools to be effective in the most efficient manner possible.

Similar to improving a manager or employee’s level of effectiveness, regularly measuring the resources needed to obtain the desired effect will ensure that efficiency is being accounted for. This involves everything from keeping track of inventory and expenses, to how communication is handled within an organization.

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By putting in place a baseline value for key metrics and checking them once changes have been made, a company will have a much better idea of the results they’re generating.

It’s no doubt a step-by-step process. By making concentrated efforts, weakness can be identified and rectified sooner rather than later when the damage is already done.

Bottom Line

Understanding the differences between being effective vs efficient is key when it comes to maximizing productivity. It’s simply working smart so that the intended results are achieved in the best way possible. Finding the optimal balance should be the ultimate goal for employees and businesses:

  • Take the steps that result in meeting the solution.
  • Review the process and figure out how to do it better.
  • Repeat the process with what has been learned in a more efficient manner.

And just like that, effective and efficient productivity is maximized.

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Featured photo credit: Tim van der Kuip via unsplash.com

Reference

[1] Merriam-Webster: effective and efficient
[2] Mind Tools: Being Effective at Work
[3] Inc.: 8 Things Really Efficient People Do

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