Management Essay Example | Topics and Well Written Essays - 250 words - 23

Management - Essay Example Elon Musk later co-founded X.com, which was a payment system based on email later transformed to PayPal. Being the chairperson of the company and major shareholder, he introduced a viral marketing initiative that allowed PayPal to spread at a tremendous pace. Later, PayPal emerged as the internet’s worldwide leading payment transfer. In 2002, 3 years after the founding of PayPal, eBay bought the company for approximately $1.5 billion. After changing the way in which people use the internet, Musk founded SpaceX, a private aerospace company whose goal is to extend human life in other planets. This initiative has been highly successful and NASA has contracted with SpaceX severally for 12 flights. Today, Musk has focused his attention on improving how people transport themselves here on earth. He has managed to make Tesla Motors the fastest-growing company in the world (The Mark of a Leader, 2014). Therefore, based on the achievements that Elon Musk has realized in transforming th e world, he is as a leader with engineering and entrepreneurial skills that help companies to address social, environmental and economic