Previous Page  40 / 56 Next Page
Information
Show Menu
Previous Page 40 / 56 Next Page
Page Background

Direct

Feed

www.insideoutdoor.com

FloorSpace

BackOffice

FloorSpace

BackOffice

Outdoor

Textile

Green

Glossary

Retail

Report

Outdoor

Textile

Green

Glossary

Retail

Report

www.insideoutdoor.com

Products

Section

www.insideoutdoor.com

Products

Section

Inside

Outdoor

|

Spring

2015

40

“The

stereotype

of a millennial

is a digital

version of what

20-year-olds

have been

like since

the industrial

revolution.”

Managing Millennials

I didn’t know what I was get-

ting into before spending five years

on the front lines finding out what

makes millennials tick. The re-

search I read before I became di-

rector f IMD’s MBA class in 2009

didn’t prepare me to lead mem-

bers of the digital cowboy genera-

tion, those born between the early

1980s and the early 2000s.

We’ve all read plenty about

millennials before: they are used

to being told they are good all

the time from a young age. They

are not ready for real world set-

backs. All they want is instant

gratification. They lack loyalty.

The list goes on.

While some of these charac-

teristics have some truth to them,

they can be said about previous

generations as well. The stereotype

of a millennial is a digital version of

what 20-year-olds have been like

since the industrial revolution.

Here are the six things I

learned that today’s leaders need

to know to really harness the

power of millennials.

1] They learn through ex-

perience.

We don’t call them

the PlayStation generation for

nothing. They grew up playing a

lot of video games without us-

ing instructions. They learned

to make it to the next levels of

these games by dying over and

over again. They can be like that

in their professional careers too.

They throw themselves into new

experiences without a lot of plan-

ning and learn by failing.

They expect a leader to play the

role that the walls and cliffs do in a

game. Leaders should be aware of

this and help point out the potential

pitfalls of certain courses of action,

both before and after.

2] Their lives are non-linear.

The world has always been complex

and volatile for this generation.

They have witnessed the Asian fi-

nancial crisis, climate change, 9-11

and the war on terror, the 2008

financial crisis, all before they were

established professionals. This gen-

eration has never seen the world as

a safe and coherent place.

They will have non-linear ca-

reer trajectories and they know

it. A lot of them will go

back and

forth between traditional employ-

ment and entrepreneurship.

For a large part of their lives

they have been reading on the

Internet, focusing on one sub-

ject one minute, and something

completely different the next.

Previous generations learned

in a more linear way by reading

books from start to finish.

For leaders this means that

Gen Y is prepared for complexity.

They don’t know anything else.

Older managers may have a hard

time adapting to the new normal.

3] They ARE loyal. But to

principles and not to people.

This is where some of the accepted

wisdom about millennials comes to

play. They appreciate personal de-

velopment. They love new opportu-

nities. But they will not follow your

lead just because you are the boss.

Instead of trying too hard on

developing loyalty to your leader-

ship or your organization among

your team of millennials, you

should focus more on developing

and communicating the principles

and purpose behind your organi-

zation’s work, no matter whether

it is a compa

ny, an NGO or a

government agency. Millennials

need to know that they are work-

ing to make the world a better

place. They believe that there is no

success without sustainability for

individuals, organizations, society

and the environment. If you can

convince them in an authentic way

that what you are doing is prin-

cipled, they will get behind you.

4] Assumptions about pri-

vacy, boundaries and roles are

fluid and permeable

. This can be

good and bad. We have all heard

horror stories of young adults suf-

fering consequences for what they

post on social media, like that

Six things to know to lead the PlayStation generation

by

Martha

Maznevski

Comparing Millennials’ Attitudes at the Office

Millennials Gen X Baby

Boomers

Becoming a senior leader is among top career goals

18%

18% 18%

Starting own business is among top career goals

17%

12% 15%

If a team is successful everyone should

be rewarded

55%

64% 43%

Employees should be rewarded for sharing

information and collaborating

55%

66% 43%

I make better decisions when a variety

o

f people provide input

56%

64% 49%

It

is important to have group consensus

55%

61% 39%

My organization’s leaders are the most qualified to

make decisions

53%

57% 41%

Source: IBM Institute for Business Value