the future of leadership report
Post on 13-Mar-2016
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“Young people across the world are trying to fight
for a better world. Young people want a change.”
Rolf Schmachtenberg President of AIESEC International
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Youth to Business Forum“Where Youth and Business meet to switch ideas into actions that will impact the world.”
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Youth to Business Forum is an event that takes place in multiple locations around the world; bringing top young leaders together with business leaders, thought leaders, and experts for a conversation around pressing global issues with the aim to generate new, but most importantly, actionable ideas that will impact the world and its future. !Youth to Business Forum: Top Leaders Edition took place on February 25, 2014 in Guangzhou, China and brought together 250 top young leaders and over 14 organisations to discuss the future of leadership.
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“People are interested in social movements, being sustainable and creating impact.
!Gen Y is fast moving and constantly comes up
with creative ideas. !
They don’t find solutions to solve problems in the system anymore; they create new systems
themselves. !
Gen Y is change-driven.” !
Ezekiel VicenteChief Technology Officer at Mindvalley
Executive Summary A Profile of Millennials
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Understanding Millennials There are many generational groups coexisting in the workplace. Millennials are different from previous
generations because they grew up during the technological age. This demographical diversity brings a challenge for employers in terms of creating a collaborative work environment.
!Profit versus Impact
The old business models of strictly seeking profit have become outdated. The world around us is changing quickly and new systems are being developed every day. We need to ensure that we lead with values and think with a long-term perspective. Young people want to feel that they can rely on
the leaders of today for a better tomorrow. !
Being Transparent It is crucial for business and employers to be very clear with what their messages is to
youth. Young people expect that they will get all the information they need to allow them to convert data into intelligence. In systems where information is not readily available or shared,
such as workplaces with hierarchy and without mentorship or guidance, Millennial employees can be disengaged and unhappy. !!!
The Challenges Leaders Face with Leading Millennials
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\ !!!!!!“ You can do some powerful things in whichever organisation you choose.Take as much from every
experience as you can. Experience is what matters.” !
Faith Brewitt CEO, Have Faith in Your Brand
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!!! !Business is moving fast, but the world is moving even faster. By 2025, Millennials will make up 75% of
the global workforce. The panelists at Youth to Business Forum: Top Leaders Edition shared insights on how they see the Millennial generation affecting Business today, and how leaders can start to transform
their organisations to see more success in the future. !!Empower Your People
People are the biggest asset for any organisation; they make everything happen. Employers should provide learning opportunities and mentors that will support employees throughout their whole experience within the organisation. Businesses should provide the opportunity to develop and grow into . !Invest in Women
Women bring something different to the corporate world, but also in leadership. Their style and motivation greatly differ from men and can offer different perspectives. For businesses to be innovating and adapting to the quickly changing markets, they need to be activating their strengths by having more women and diversity, not only in the company, but leading it. It is this generation that needs to make this change happen.
!Be Truly Socially Responsible
Chasing profits became popular before the financial crisis, but businesses now have to think about society and being sustainable. Consumers are more conscious about the social impact their choices have, so businesses have to start leading by example. Demonstrate strong values through the decisions and actions your organisation makes.
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“The power of your organisation is in the people that are managing it every day.” !
Jim Walsh Partner, Global Human Capital Strategy and Transformation Leader
PwC
The Changes that Need to be Made
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!Youth to Business
Action Space
The 250 young leaders were grouped into 6 geographical regions and spoke about their best
and worst experiences being led - ultimately, creating guidelines for how managers can lead
Gen Y to reach their full potential.
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After hearing about the challenges leaders face with understanding them, 250 young leaders came up with three key suggestions on the behaviours leaders and managers should
demonstrate in order to help young employees reach their full potential. !Be Entrepreneurial Youth are dynamic and adaptable to change. They are innovative, creative and expect that they will be able to work and lead using their full potential. Give them responsibility and hold them accountable, but let them figure out the best way to get to the result you want. !
Be Purposeful Millennials seek for purpose in everything they do, especially in their professional life. Communicate with them the purpose of their large
responsibilities and they will become more connected to their work tasks big and small. The “Why” is the most important thing to demonstrate to them. !Be Authentic In the social media age, being open and vulnerable is something that young people are very used to. They appreciate genuine leaders who promote honesty and transparency. Old, hierarchical systems are difficult for this generation to work within. They are motivated when they can contribute opinion, share feedback and have open conversations with their team and managers.
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How do Millennials want to be led?
DONT’sDO’sBE TOO CONTROLLING
UNDERESTIMATE THEIR ABILITIES
FORGET TO SHOWCASE THE RESULTS OF THEIR WORK
PUT TOO MUCH PRESSURE WITHOUT SUPPORT
EXPECT THEM TO WORK IN A STANDARD WAY
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FORGET ABOUT FOSTERING A SOCIAL ATMOSPHERE
FORGET ABOUT FEEDBACK
LEAD WITH FEAR
DISCRIMINATE
BOX IN THEIR CREATIVITY
BE AUTHENTIC
HAVE A CLEAR PURPOSE
GIVE AND TAKE OWNERSHIP
BE FLEXIBLE. PROVIDE A CREATIVE ENVIRONMENT
CREATE A LEARNING ENVIRONMENT
GIVE FREEDOM AND TRUST
APPRECIATE AND GIVE CREDIT
BUILD RELATIONSHIPS
RESPECT DIVERSITY
LEAD BY EXAMPLE
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To make these more actionable in the workplace, here are some do’s and don’ts that young people believe will help you lead
the Millennial generation better.
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Caroline Watson CEO + Founder
Hua Dan
Faith Brewitt CEO + Founder,
Have Faith in Your Brand
Robert Scholten Country Manager Greater China & Mongolia
ING Bank
Jim Walsh Partner, Human Capital and Transformational Leadership
PwC
Da Li (Host)CEO
Deya Tech
Traci Fenton CEO + Founder
WorldBlu
Ezekiel Vicente Chief TLJOUVSVN`�6MÄJLY�
Mindvalley
Sarah Endline CEO + Founder
sweetriot
Linus Jonsson Country Manager, China
EF Education First
Jan Eliasson (by video)
Deputy Secretary General United Nations
Our Speakers
Our Partners
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