Millennial Management: Evaluating and Adapting Leadership Styles

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This essay evaluates various leadership styles and their effectiveness in managing the millennial generation. It discusses transformational, transactional, autocratic, and democratic leadership styles, highlighting the importance of adapting leadership approaches to motivate and guide millennial employees. The essay emphasizes the need for leaders to foster a positive working environment, encourage innovation, and build trust within teams to achieve organizational goals. It concludes that adopting suitable leadership styles is crucial for companies to achieve higher productivity and employee satisfaction. Desklib offers a platform for students to access similar solved assignments and study resources.
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Assessment 1 Individual
Recruitment and Selection
Presentation Assessment 2
Essay with referencing
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TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Description of the business including location, number of employees and the management
structure........................................................................................................................................3
Job description.............................................................................................................................3
Person Specification.....................................................................................................................4
Job Advert....................................................................................................................................6
Application Form taking into account relevant legislation..........................................................7
CONCLUSION................................................................................................................................8
INTRODUCTION...........................................................................................................................9
MAIN BODY...................................................................................................................................9
Assessment 2....................................................................................................................................9
Evaluating leadership styles which will have to adapt to manage the millennial generation......9
CONCLUSION..............................................................................................................................12
REFERENCES..............................................................................................................................13
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INTRODUCTION
Leadership is a process or an act where an individual person has the responsibility to
guide and motivate a group of people to achieve the set goals and targets. To run a business, it is
important to adopt and understand the effectiveness of the leadership so that an organization can
be able to grow and develop definitely. The report will illustrate the concept of the leadership
and its different style which a business or an organization required to adopt for obtaining the
effective results and outcome. It will include the different type of leadership styles and theories
which will help an organization to manage the millennial generation.
MAIN BODY
Assessment 2
Evaluating leadership styles which will have to adapt to manage the millennial generation
Leadership style simple defines as a leader who has to direct, motivate and manage the large
group of people so that they can be able to achieve the goals. Adopting the leadership style, a
person can also be able to enhance their own leadership skills and can grow definitely in their
personal and professional life as well. Millennial generation leaders focus on the team approach
to manage the appropriate group of people. Today, there are many kinds of leadership styles
which is required to adopt by them so that they can be able to manage the millennial generation
people. This generation is between the 1981 and 1996 where leaders focus on the team
approaches as they think it is very effective process and style to guide the group of people
accurately. Here, mentioning some leadership styles which a leader can adapt to manage the
millennial generation and can obtain the effective results and outcome.
Transformational Leadership
The transformational leadership style defines where the leaders mostly focus on encouraging and
motivating the employee from which they can innovate and can generate new ideologies to make
the company grow and develop effectively. This helps the leader to set a perfect example from
where the employee and a company be able to grow definitely. This leadership style is the best
and very effective to be adopted by the leaders where they get very effective results and
outcome. In previous studies, it has been identified that transformational leadership style has
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been adopted by many leaders of the organizations and business where they got profitable
outcome and result which make their company to obtain the set goals. For managing the
millennial generation it is very effective style which should be adopted by the leaders where
providing the motivation to the employee and group of people can foster them to put their best
efforts and hard work which will result the company at best level. This generation beelines and
feel motivated by working in a team where having the feeling of motivation can accelerate the
innovation and their ideologies which will help the company to grow and develop effectively. It
creates a sense of humour among people from which they can be able to focus on the future
success of the company and also can be able to grow in their individual life as well. Accordingly,
adopting the transformational leadership style can help the leaders to manage and guide the
employee beneficially from where they individually can feel motivated which will be appropriate
for them. Employee not only needs economy or money to work whereas they required an
appropriate motivation from their leaders so that they can be able to put their efforts and can
grow.
Transactional Leadership
This style is also known as managerial leadership where it motivates the employee by providing
them rewards which helps them to feel motivated and can increase the productivity of the
organization. Adopting this style helps the employee to feel courageous from which they can be
able to put their best efforts and hard work. There are many organizations who do not focus on
the employee satisfaction and push them to provide the effective working from which they can
be able to achieve the set goals but the company is required to focus on the employee satisfaction
from which they can be able to put their best efforts by own. Implementing the reward system
can make the positive working environment from where each and individual employee can
deliver the effective results. Providing the rewards in any form can make the people to
understand the company goals and their process easily where each individual is working to
improve their growth and generating the money. Rewards can be like incentives, appreciation in
front of the organization and people or providing the holiday packages and medical insurances.
Employee always looks for the positive culture where a successful leader have to understand the
employee needs and requirements and should practise to fulfil them appropriately. This style
should take or adopt by the leaders to manage the millennial generation of the people where they
can be able to develop their self-interest to learn and implement their knowledge and abilities
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effectively. It also motivates the people to work in a group or team which reduces the errors in
working and be able to perform well and can achieve the higher productivity.
Autocratic
This leadership style is a commanding way of style where the leader do not ask and take opinion
from the employee and takes the decision by own. Team members are not consulted to direction
and puts the decision on the employee directly. This style is basically known as autocratic style.
In general, the leader has to understand the people or employee needs and expectations and has
to motivate them for different activities where they cannot feel discomfort and pressured. In
millennial generation, the organizations were not that much proactive and implements the area
where they can take the decision accordantly. But, today the leaders are required to adopt the
autocratic leadership style in effective way where leaders can create an emotional bond with their
team members and can direct the reports which will ensure them to have the comfortable profit
and outcome. This style helps the leaders to build the trust with the team and accelerate the sense
of belonging to the organization. This style can adopt the leaders to conduct and manage the
millennial generation as it has been known that these people or generation likes and satisfied to
work in a team where they can increase or foster their knowledge appropriately. Adopting this
can support the organization to grow and develop more which also allows the employee to feel
trust and valued part of their organization and can be able to work effectively. Also, it improves
the communication between the employee and leader and creates a positive working environment
which will make the company to grow and develop effectively. Adopting this style will
encourage the people to trust each other which will deliver the profitable outcome and support to
manage the millennial generation.
Democratic
The democratic leadership is one of the best leadership style where the employee can feel
satisfaction and encouragement though the leader. In this style, leaders involves the employee
and staff people in nay decision-making process from which an individual employee can feel
satisfied and valued part of the business. In many studies, it has been founded that this leadership
styles results the company very beneficially and provides the higher productivity and outcome.
Involvement of the employee in decision-making process encourages the employee to share their
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opinions, suggestions and expectation from the organization so that the company can be able to
grow and develop definitely. Democratic leadership style is quite good and delivers the positive
working surrounding which makes the people to develop their interest and create an innovative
process which will grow the company accordingly. Even,t also encourages the group work and
provides the chances to speak out their ideologies from where leaders will be able to focus on
their speeches and can provide the effectiveness. Leaders have one specific aim where they have
responsibility to make the employee feel motivated and can result the company fruitful manner
from which each and individual employee can increase their performance and reputation widely.
Speaking out confidently will also allow the employee to bring out their suggestions and
obstacles if any which makes the better understanding for the leaders to guide and direct them
perfectly. This leadership style is very efficient and beneficial where the leaders can adapt to
conduct the millennial people in effective and appropriate manner from which they can be able
to increase their knowledge and can feel satisfied which will provoke them to work hard.
CONCLUSION
The report has concluded the importance of leadership style which can provide the effective
result to the company and organizations. The report has included the different kinds of leadership
styles which helps the leaders to manage and conduct the millennial generation people from
which the company can be able to achieve their set goals and can deliver the higher productivity.
Being a successful leader, they are recommanded to adopt the mentioned style to have the
beneficial result and ouctome.
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REFERENCES
Books and Journals
Brant, K.K. and Castro, S.L., 2019. You can't ignore millennials: Needed changes and a new way
forward in entitlement research. Human Resource Management Journal. 29(4),
pp.527-538.
Purbasari, T. and Abadi, F., 2022. THE INFLUENCE OF ORGANIZATIONAL CULTURE,
LEADERSHIP STYLE ON EMPLOYEE EXPERIENCE HAS AN IMPACT ON
RETENTION. Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan. 5(Spesial
Issue 1). pp.313-325.
Bako, M., 2018. Different leadership style choices, different generations. Prizren Social Science
Journal. 2(2), pp.127-143.
Bhayana, C., Gupta, V. and et.al., 2021. The Role of Shared Leadership in Managing Conflicts in
Multigenerational Teams: A Research Framework. Business Perspectives and
Research. 9(2), pp.252-268.
Tirta, A.H. and Enrika, A., 2020. Understanding the impact of reward and recognition, work life
balance, on employee retention with job satisfaction as mediating variable on
millennials in Indonesia. Journal of Business and Retail Management
Research. 14(03).
Galdames, S. and Guihen, L., 2020. Millennials and leadership: a systematic literature
review. Total Quality Management & Business Excellence. pp.1-17.
Aziz, F., Md Rami, A., and et.al., 2020. The influence of leadership style towards technology
acceptance in organization. International Journal of Advanced Science and
Technology. 29(7), pp.218-225.
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