Which five tips does Musk give to the young audience?
A.
Take risks
B.
Work superhard and be willing to do overtime (Überstunden).
C.
Complete your business studies before you set up a business.
D.
Attract great people to your business.
E.
Don't follow trends, but try something new.
F.
Spend your money on R&D rather than marketing.
2.
What does Musk mean by the term "signal over noise"?
A.
To set yourself apart from other companies, you should heavily invest in advertising to make yourself known.
B.
Rather than spending money on marketing, you should invest in R&D and manufacturing.
C.
Instead of focusing on "loud" marketing via internet and TV, concentrate on "quiet" advertising forms such as print media and PR.
3.
What does Musk mean by the term "approach by first principle"?
A.
Use your logic and gut feeling (Bauchgefühl) to find out if something really makes. If they tell you that it does not, leave it.
B.
You should never be spontaneous, but always test new ideas and approaches by checking and double-checking - alone and in teams.
C.
To find out if something makes sense and does not copy other people's ideas, go back to the basics. Break down complicated problems into basic elements and reassemble them.
4.
Based upon his speech and his many projects, what leadership style(s) does Musk seem to have?
