Effective Leadership Style for Managing the Millennial Generation
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Added on 2023/06/18
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This report defines leadership and explains different leadership styles. It also discusses the challenges posed by the millennial generation to businesses and leadership, and suggests participative leadership as an effective style for managing them.
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Table of Contents 1. INTRODUCTION.......................................................................................................................3 2. MAIN BODY...............................................................................................................................3 2.1 Leadership Definition...........................................................................................................3 2.2 Different Leadership styles...................................................................................................3 2.3 Millennial Generation and challenges they impose..............................................................4 2.4 Participative leadership and how it fits with the millennial generation................................5 3. CONCLUSION............................................................................................................................6 4. REFERENCES............................................................................................................................8
1. INTRODUCTION Leadership plays an important role in success or failure of business firms as it helps in construction of high performing teams who are committed towards attaining organizational objectives. Topic selected for this essay is leadership style with focus on which leadership style is effective in managing the millennial generation. This essay defines the concept of leadership and provides explanation of leadership styles. Discussion on the nature of millennial generation and the challenges created by this generation to businesses and leadership is included in this essay. Finally, one leadership style is selected in relation to effectively managing millennial generation with proper justifications. 2. MAIN BODY 2.1 Leadership Definition Leadershipis defined as the process by which an individual influences other to attain organizational objectives and direct the company effectively so that it becomes more coherent and cohesive. Another definition of leadership states that leadership is the potential of an individual to influence behaviours of others and guide their work in order to accomplish specific objectives in different situations. The nature of leadership is flexible and responsive with people, process and changing situations(Gomes and Deuling, 2019). The scope of leadership is huge as it is critical for continuous development and long-term survival of business firms. Enterprises with effective leadership are able to secure beneficial position in their industry and quickly recover from industry wide crisis. 2.2 Different Leadership styles Transformationalleadershipstyleincludesencouraging,inspiringandmotivating employees to innovate and implement change which assists in shaping the future success of the company. This is achieved by leading by example, creating strong corporate culture and promoting employee ownership and independence in the workplace. The purpose of this leadership style is to cause change in individuals and social systems to develop followers into leaders. Participative leadership style focuses on using collaborative approach towards decision making by maintaining direct communication with employees and developing an open minded working environment in which opinion of every employee is considered in decision making (Baker, Tully and Sumners, 2020). The purpose of this leadership style is to improve employee
morale and making optimal utilization of emotional and intellectual human capital.Autocratic leadership style includes maintaining individual control over decision making at the company with minimum input from employees and other stakeholders. The primary purpose of this leadership style is to establish centralised control and utilize this control in order to achieve desired results. Bureaucratic leadership style involves usage of chain of command, strict regulation and conformation by the members of the workfare to gain desired results. The purpose of this leadership style is to structure the organization into a rigid hierarchy of people governed by strict rules and procedures. 2.3 Millennial Generation and challenges they impose The millennial generationrefer to the demographic succeeding generation X are born between the time period of early 1980's and 1990's. This generation is also referred to as generation Y as it follows generation X and the next generation because of high internet usage in comparison to previous generation. The exact time period for defining the millennial generation differs but the common perspective states that the time-period begins in early 1980's or 1990's. The main characteristics of millennial generation are that they are information hungry, social media savvy, they are visual learners, they have short attention spans compared to previous generations and they are first generation in history who have grown up experiencing the world digital technology(Lumley, 2020). This has played an important role in shaping the identities of millennials and creating life-long political, social and cultural attitudes.One of the primary challenges posed by millennials to business firms is that they look for better work benefits and are not easily satisfied with traditional working benefits such as incentives and health related benefits. This creates difficulties in attracting and retaining skilled millennial employees as they require extra benefits such as flexible working and well-being benefits. In addition to this another challenge of millennialsis that digitaltechnology is like their second language. Utilization of advanced technology and strong digital presence is essential for millennial employees as they are not aware of older essay of working and are dependent on technology to complete various tasks. This introduces the challenge of effectively connecting the senior and millennial workforce of the company and utilise their expertise and knowledge to gain success in various business endeavours. Senior leadership at business firms face various challenges because of the introduction of new generation in the workplace. One of the primary leadership challenges introduced by the
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millennial generation is that they require more autonomy and freedom at the workplace. Unlike older generations millennials have the nature of questioning the status-quo and hierarchy of the company(Bye, 2017). They are not able to work effectively and reach their maximum potential in a rigid workplace. Millennials need and egalitarian environment in order to thrive at the company and act negatively towards traditional hierarchies. This creates leadership barrier as the leaders have to bridge the gap between senior members of the company with traditional views on hierarchy with employees from millennial generation in order to reduce any inter-generational conflict. In addition to this the leadership challenge of offering millennials self-sufficiency and independence to millennials while also establishing control and accountability in the workforce is also created because of the millennial workforce(Zhao and Xu, 2019).Employees from the millennial generation prioritize work-life balance over other benefits of the company more than previous generations. This is because sacrificing personal life to gain better result at the workplace was considered a positive characteristic of corporate culture by the older generations and was normal part of everyday lives of employees. In the current age, disruption of work life balance by corporates is viewed negatively and the millennial generation keep their personal commitments at equal priority to their workplace commitment. This creates a leadership issue as business leaders have to motivate their employees to enhance their productivity and take up additional responsibilities of millennial employees without disturbing their work life balance. This is because damage to the work-life balance of millennial employees is one of the primary reasons of employee dissatisfaction and leads to low employee retention and absenteeism. 2.4 Participative leadership and how it fits with the millennial generation The most suitable leadership style which can be used to manage the millennial generation is theparticipative leadership style. The reason behind this is that it focuses on uniting the workplace through collaborative decision making. This leadership encourages collaboration and facilitates free flows of ideas in the company as employees are able express their opinions including criticisms. This characteristic of participative leadership style will help build an autonomous working environment without completely eliminating control over employees. In addition to this, business firms with hierarchical structures will be able to utilise this leadership style to create a more egalitarian environment and offer employees some level of autonomy rather than chain of command which passes orders to lower level employees for implementation (Monforti and Michelson, 2021). The justification for the usage of participative leadership style
is that millennial employees will feel relaxed by adoption of participative leadership style as this will enable employees to put forward their ideas, suggestions and concerns top senior leadership. In addition to this, the open minded working environment created by the adoption of this leadership will act as an employee benefit to attract skilled millennial employees aiming to contribute to organizational success. Another reason for the utilization of participative leadership style is that it will help business firms bridge the inter-generational gap between millennial employees and workers from the senior generation. This reason for this is that participative leadership promotes collaboration between different employees of the company. The millennial employees will be able to utilize their digital knowledge and senior employees will offer their expertise and experience to work in a collaborative manner and attain various organizational objectives. The justification for using participative leadership style to reduce inter-generational gap is that this leadership style improves employee morale and successfully encourages each employee to share their viewpoints with everyone so that best results are achieved. This leadership style will also help business firms solve the challenge of maintaining work-life balance of employees(Rolling and et. al., 2021). The reason behind this is that decision making under participative leadership style is completed by considering perspective of every employee affected by the decision. This will lead to leadership taking employee opinions in various business decisions and personal commitments of employees will be taken into consideration during assigning tasks to each individual employee. Employees will be able to deal with work load as tasks will be divided according to important personal commitments of employees which will enable every employee to perform effectively at their workplace while also completing necessary personal commitments. The participative leadership is justified for dealing with millennial employees as it leads to improvement of work-life balance without vegetatively affecting business goals of the company. This will enhance employer image of the company and attract skilled millennial employees as they will gain work-life balance and ability to excel in their career from the company. 3. CONCLUSION From the above report it is determined that leadership is essential for growth of a business firm. There is different leadership style such as autocratic leadership style, participative leadershipstyle,bureaucraticleadershipstyleandtransformationalleadershipstyle.The millennial generation has entered the modern workforce and has introduced various challenges
for business firms and leadership. These challenges include requirement of autonomy and work- life balance along with inter-generational gaps due to high usage of digital technology by millennial employees. These challenges can be solved by adoption of participative leadership as it encourages collaboration, facilitates independence of employees and helps enhance work-life balance by taking employee opinions into consideration.
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4. REFERENCES Books and Journals Baker, L. M., Tully, K. M. and Sumners, D.R., 2020. Is it for generation me? A qualitative study exploring marketing and selling plants online to millennial-aged consumers.Journal of Applied Communications,104(2), pp.NA-NA. Bye, D., 2017.Millennials Matter: Proven Strategies for Building Your Next-Gen Leader. BroadStreet Publishing Group LLC. Gomes, S. B. and Deuling, J. K., 2019. Family influence mediates the relation between helicopter-parenting and millennial work attitudes.Journal of Managerial Psychology. Lumley,S.,2020.Trustme—I’mamillennialGP.TheBritishJournalofGeneral Practice,70(696), p.349. Monforti, J. L. L. and Michelson, M. R., 2021. Firme: Persistent Activism of Millennial Latino Immigrants in the Trump Era.Aztlan: A Journal of Chicano Studies,46(2), pp.83-112. Rollingandet.al.,2021.Pro‐environmentalmillennialconsumers'responsestothefur conundrum of luxury brands.International Journal of Consumer Studies,45(3), pp.350- 363. Zhao, Y. and Xu, Q., 2019. Understanding the achieving styles of Chinese millennials and implicationsonHRMpolicy:Alifecourseperspective.InternationalJournalof Manpower.