Speaking of Elon... I'm slightly behind in linking to this (Tesla both subsequently beat expectations and yet Musk had a meltdown on the earnings call), but the key remains his memo here. Some choice bits:
There is a very wide range of contractor performance, from excellent to worse than a drunken sloth. All contracting companies should consider the coming week to be a final opportunity to demonstrate excellence. Any that fail to meet the Tesla standard of excellence will have their contracts ended on Monday.
Impressive bluntness. Also love Musk's thoughts on meetings:
Excessive meetings are the blight of big companies and almost always get worse over time. Please get rid 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.
Again, this is perhaps excessively blunt, but also not. How many meetings are actually just done because there's a scheduled meeting on the books? I'd guess a very high percentage...Read more...