The Era of the Millennial: How 80s & 90s Kids Are Redefining Business Today!

1. THE MILLENNIAL’S DEFINITION OF SUCCESS WILL RAISE EYEBROWS.

For the millennial, success does not always mean getting the swanky corner office on the 40th floor. Today’s success for the youth has been redefined to being risky, fearless and very performance oriented.

Research by Deloitte has proven that only 13% of Millennials out there are looking towards climbing the corporate ladder. Almost 70% of them are keen to start their own business.

2. NOT ALL MENTORS WEAR SUITS.

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Jack Welch adopted this technique while he was running GE, and it worked wonders. This technique involves younger employees of a company taking up the mentor role for their older colleagues.

The less experienced professionals can feel more confident whilst playing mentor and sharing ideas with older colleagues and the latter can stay up-to date with latest business developments and technologies.

3. THEY CARRY A BUSINESS PLAN ON THEIR SLEEVE.

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A survey conducted by Reason Magazine proved that over 61% of Millennials believed that hardwork is the main secret to building a business.

Over 55% of millennials today are ready to take on projects that are uncertain or have a high risk factor and this is due to the main reason that they have a game plan ready for the possibility of failure.

The drive to be more independent in terms of building businesses coupled with fearlessness make them the ideal future corporate leaders we need.

4. THEY ARE THE ‘YES!’ PEOPLE.

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They will hold meetings with candidates they are not hiring right now, they will invite an events producer to their office even if they do not have the sufficient budget for it.

Sales meetings are more about what’s happening out there, rather than what has to be done immediately in office, there are fewer plans made and more meetings held, ideas shared, the list goes on.

Millennials today do not hurry towards setting something right for their company, they prefer to listen and keep doors open for anyone who has something to share.

5. THEY GRADE YOU BETTER THAN YOUR MATHS PROFESSOR.

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A very innovative growth measure taken by Millennials today is to measure the performance of any team collectively. Their performance is graded on a curve; an individual’s performance is measured against everyone else’s.

This gets the brightest performers of any team to be on their toes almost all the time. Facebook, a company way ahead of anyone in terms of employee engagement has adopted this technique.

A star performer will now be subjected to an average appraisal if the team has performed so. This helps everyone overcome the ‘crab mentality’ attitude at work and spearhead teamwork.

6. A DAZZLING REPORT CARD DOES NOT MATTER.

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Today’s top executives from the millennial generation do not believe in your PhDs, MBAs, and Bachelor degrees from Ivy League universities.

They are travellers, adventurers, trained martial art experts, artists and bloggers who are still learning and exploring different domains someone conjured in a start-up lab.

They welcome wacky ideas with open arms and absolutely fall in love with those who have the whole plan set out for something offbeat. Education is important, but learning on the job is gold for a millennial. The conference room is their classroom.

There are 7 more points, read them on http://www.explara.com/blog/millennials-entrepreneurship-world/

I have re-published this post to reach wider audience. Thank you!