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Wednesday, May 1st
🔋 Tesla Fires Marketing Team
What’s In This Email
Tesla fires entire marketing team
How to spot incompetent leaders at work
Is the name X really better than Twitter?
What’s your corporate slang 'ick’
Notable Spotlight: Lulu Bar
Notable Plug 🔌
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Tesla Ditches Marketing Team After Brief Experiment: What Does This Mean?
Tesla surprised everyone by laying off its entire marketing team just four months after forming it. CEO Elon Musk himself criticized their work as "generic," suggesting a return to Tesla's previous ad-free approach.
Key Takeaways
Short-lived experiment: Tesla's attempt at traditional advertising was a quick flop.
Musk unconvinced: Elon Musk's dislike for advertising seems to have prevailed.
Challenges for Tesla: The company faces increased competition and a declining brand image.
Price cuts hurting brand: Frequent price cuts might damage Tesla's previously strong brand equity.
Why This Matters: Tesla's core demographic: Millennials are known for valuing authenticity and innovative brands. This marketing misstep and potential return to a less consumer-focused approach could impact Tesla's image and future success.
Read the full article here.
Spotting Incompetent Leaders: The Key to a Thriving Workplace
Toxic workplaces often stem from poor leadership. While competent leaders foster trust and engagement, incompetent ones breed anxiety, alienation, and, ultimately, a company's downfall.
Key Takeaways
Incompetent leaders are a major cause of low employee engagement and disengagement.
Arrogance and overconfidence are key traits of incompetent leaders.
We tend to confuse confidence with competence, leading to the promotion of the wrong people.
Science-based assessments can help identify potential leadership incompetence.
Millennials, who value authenticity and ethical leadership, are particularly affected by incompetent leaders.
Assessment Criteria
Several key questions are part of science-based assessments used to predict leadership potential. These questions are designed to identify individuals with high levels of arrogance and overconfidence, which are often linked to incompetent leadership.
Here are some examples of the questions used:
Do you have an exceptional talent for leadership?
Would most people want to be like you?
Do you rarely make mistakes at work?
Are you blessed with a natural charisma?
Are you able to achieve anything you want just by putting your mind to it?
These seemingly simple questions can be surprisingly effective in revealing a person's true leadership potential. While some might appear self-serving or boastful, individuals with high levels of arrogance and overconfidence tend to answer them in a way that aligns with their inflated self-perception. This provides valuable insight into their leadership style and potential effectiveness.
Why This Matters: Millennials are a major part of the workforce and prioritize working for companies with strong leadership. Recognizing and avoiding incompetent leaders is crucial for creating positive work environments and attracting top talent, especially among millennials.
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🌐 AROUND THE INTERWEBS
An Elon Musk parody account posed the question on the platform about which name is better, Twitter or X?
This prompted a response from none other than literary horror genius Stephen King, written in poem format no less.
One user commented on King’s post saying “if you have to say formerly known as Twitter, it’s still Twitter.”
Twitter.
Twitter. Twitter.
Twitter. Twitter. Twitter.
Twitter. Twitter. Twitter. Twitter.
Et. Etera— Stephen King (@StephenKing)
10:04 PM • Apr 28, 2024
What’s your corporate slang ick?
Ours is, “circle back.” It’s just time to retire it at this point, it served it’s purpose well.
@sarahintheoffice I asked my coworkers their “corporate slang ick” and they did NOT disappoint! How many of these do you hear on a daily basis at your job? ... See more
🔦 NOTABLE SPOTLIGHT 🔦
@macyandwill we love a good Asian fusion spot 🤤 def check out their happy hour menu too!! #lulubar #lulubartoronto #toronto #torontofood #torontofoodsp... See more
Opened in 2024 in The Well, Lulu Bar Toronto serves up a taste of the Pacific. Lulu’s menu pays tribute to the Pacific Ocean and the many regions that touch it, with influences from Asia to Hawaii, California to British Columbia, resulting in light and fresh fare that is heavy of flavour. The welcoming, airy space is reminiscent of that hidden gem spot from your last vacation.
🔌 NOTABLE PLUG
🎙️ Get Into It: Ologies with Alie Ward podcast. Volcanoes. Trees. Drunk butterflies. Mars missions. Slug sex. Death. Beauty standards. Anxiety busters. Beer science. Bee drama. Take away a pocket full of science knowledge and charming, bizarre stories about what fuels these professional -ologists' obsessions. Humorist and science correspondent Alie Ward asks smart people stupid questions and the answers might change your life. Listen on Apple or Spotify.
📄 Notable Hires: Director, Strategic Partnerships @ Western University (on-site, London, ON)
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🧠 Today We Learned: that in the Middle Ages, barbers were in high demand, with each monastery needing one. They performed surgeries, tooth extractions, and made ointments. The first recognized barber surgeons worked in monasteries around 1000 AD.
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