Elon Musk First Principles Thinking has earned him the position among the best business leaders in the world.
Elon Musk First Principles Thinking habits gave him decision-making clarity.
He has created 5 different companies and led them to become the top companies in the world.
His first startup is PayPal. PayPal is a Financial Services company.
Then he forayed into the motor industry and brought Tesla Motors to life. It is an auto industry whose focus is to produce Electric auto vehicles.
He dreamt of sending rockets to space. With this big vision, he started SpaceX. SpaceX is an Aerospace company.
He purchased Solar City Enterprise. It is an Energy company. It is his 4th venture.
Recently he bought his 5th company “Twitter.” It is a social media platform company which gives users a platform for short messages to connect.
The scaling of a successful businessman and his mission has a lot to do with his mental clarity and business acumen.
The very basis of this business clarity comes from the analysis of “Elon Musk First Principles Thinking.”
Here, we will discuss ‘First Principles,’ and How Elon Musk has used this principle to minimize the cost of batteries.
He applied the first principles thinking pattern to bring down the prices of electric cars and rockets.
Table of Contents
What Is Elon Musk First Principles Thinking?
It is a great way of thinking about a problem. The ‘First Principles Thinking’ teaches us to break down any problem to its core and then generate original solutions.
For this kind of thinking we have to think deeply about the problem and break down problem to the core which is creating the problem.
‘First Principles Thinking’ works in three steps.
1- Identify various assumptions of the problem
2- Breakdown problem
3- Create new solutions
It is a powerful way of understanding a problem in totality and provides an innovative solution. The solution challenges the old conventional way and solves the issue in a new light.
Free Pdf Book- First Principles Thinking
Many of the important solutions come out from boiling things down to the first principles. Then go for effective solutions to eliminate the problem.
It also hints to us that very often the best solution is not what everyone is looking at.
Once you make the basis for all the facts, you make the plan to improve each little piece. It gives you more options to handle any issue and get the best solutions.
We always think to optimize the form. It is a mistake. Musk refers to this point as the “live by analogy” idea.
The ‘First principles’ teach us to think to optimize the system.
It means that we think to improve on existing things and rarely bring out innovative solutions which prove to be game changers. As we find Elon Musk did in the solutions of the battery case.
It teaches us that you have to optimize the function and ignore the form.
Many companies in the world are using this methodology. This way of thinking is making them the leader in their categories. As we see in the Elon musk case.
He is also a true leader for the world. He is giving directions to many startups, entrepreneurs, and youths.
Free Pdf Book- First Principles Thinking
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