Effective Leadership Style for Managing the Millennial Generation

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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
Leadership is 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
Transformational leadership style includes encouraging, inspiring and motivating
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