Tesla’s Model 3 has been dubbed the car of the future, not only for its cutting edge technology but also for its avant-garde production methods. In order to meet increasing demand, Elon Musk recently proposed a plan to get 6,000 Model 3’s produced each week on a 24/7 schedule. But, how?
In Musk’s letter announcing these changes, he included his own list of tips to help employees increase their productivity:
- Ditch the large-format 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.”
- Frequent meetings aren’t necessary either, so have them as needed. ”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.”
- Don’t be afraid to walk away. ”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.”
- Keep it simple. ”Don’t use acronyms or nonsense words for objects, software, or processes at Tesla. In general, anything that requires an explanation inhibits communication. We don’t want people to have to memorize a glossary just to function at Tesla.”
- Break the chain of command. ”Communication should travel via the shortest path necessary to get the job done, not through the ‘chain of command’. Any manager who attempts to enforce chain of command communication will soon find themselves working elsewhere.”
- Talk to each other. ”A major source of issues is poor communication between depts. The way to solve this is allow free flow of information between all levels. If, in order to get something done between departments, an individual contributor has to talk to their manager, who talks to a director, who talks to a VP, who talks to another VP, who talks to a director, who talks to a manager, who talks to someone doing the actual work, then super dumb things will happen. It must be ok for people to talk directly and just make the right thing happen.”
- Common sense is common for a reason. Use it. ”In general, always pick common sense as your guide. If following a ‘company rule’ is obviously ridiculous in a particular situation, such that it would make for a great Dilbert cartoon, then the rule should change.”
Tesla’s success is undeniable. Likewise, implementing these tips could boost the success of your business too. For further assistance on how to help your business reach its potential, contact us at Alfano & Company. We can help you devise a financial game plan tailored specifically for your business.