WHO ARE THE MILLENNIALS? MANAGING MILLENNIALS DIVERSE, CONNECTED, EDUCATED MANAGING MILLENNIALS.
Leadership in the Digital World · Millennials represented the largest segment of the workforce in...
Transcript of Leadership in the Digital World · Millennials represented the largest segment of the workforce in...
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Leadership in the Digital World Lisa FrazierJune 2016
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Challenge of our time… …becoming agile leaders capable of navigating fast paced, non-linear change successfully.
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Rapid, non-linear change is materially impacting strategies of organisations
Global warmingEconomic globalisation
The rate of change we are experiencing today is the slowest rate of change we will experience going forward.
US Technology Adoption 10-90%
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Digital usage is rapidly increasing: Mobile usage ~3 hrs/day up from <1 hr/day 5 years ago
0.2 0.3 0.4 0.3 0.3 0.3 0.3 0.4
2.2 2.3 2.4 2.6 2.5 2.3 2.4 2.4
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2008 2009 2010 2011 2012 2013 2014 2015 YTD
Mobile
Desktop / Laptop
Other connceted devices
Time spent per adult user per day with Digital Media, USA 2008 – 2015 YTD
Hours/Day
Source: eMarketer …which is driving the now economy
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Digital World: What and How has changed…
Source: Company logos; www.startribune.com/practice-simulators-are-like-3D-games-for-surgeons; CCS Insights,
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The workforce is changing: Freelancers represent fast growing segment of US workforce
Source: Upwork, Freelancing in America 2015
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18-24 25-34 35-39 40-44 45-49 50-54 55-59 60+
Freelancers
US workforce
Percent(%)
Freelance workers by age, USA 2015
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Millennials represented the largest segment of the workforce in 2015, their views are different
Source: PwC; Millennials at work
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I'd prefer no benefits and higher wages Time off to do community/charity work
Access to low interest loans/borrowing options Free child care
Subsidised travel costs Maternity/Paternity benefits
Assistance in clearing student related debts Company car
Financial assistance with housing Greater vacation allowance
Pension scheme or other retirement funding Free private healthcare
Cash bonuses Fexible working hours
Training and development
Which three benefits would you most value from an employer? Survey, 2015
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Expectations of leaders have increased Senior leaders need to evolve and adopt a follower-centered leadership style:• Working for the success of your team members (above
yourself)• Actively listening to your team• Be a good follower
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The 3Cs of digital leadership help achieve agility in leadership 1. Curiosity2. Culture
3. Courage
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Inspire curiosity: • Think like an artist, be creative • Know you will always be in beta • Measure and learn
“I have no special talents. I am only passionately curious” – Albert Einstein
Curiosity creates many opportunities
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Create a living culture that: • Defines how your organization operates • Enables ‘Alex’ entrepreneurism • Celebrates achievement
“When there is no enemy within, the enemies outside cannot hurt you” – African proverb
Culture gets stuff done (or not)
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Show and inspire courage: • No more “boxes” • Stand up and speak and sit down and listen • Dream and work like migrants and explorers
“Do just once what others say you cannot do, and you will never pay attention to their limitations again” – Captain James Cook
Be Courageous
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Mary Meeker said: While Consumer Internet Entrepreneurs Often Pursue Personal Passion…
‘Enterprise’ Internet Entrepreneurs Often Pursue Prior Company Pain Points
Why not lead to achieve both?