In the news: Millennials, Leadership & Entrepreneurship

From The New York Times, “What We Really Think About Millennials at Work“, November 15, 2018.  We like you. You’re wonderful. Just please stop calling your parents every day. They already wrote your college essay! They can’t help you now!

From Livemint, “Managing millennials? Be a partner, not a leader“, October 25, 2018.  As a boss to a young team, you have to be trustworthy, respect work-life balance and clearly communicate your expectations

From Financial Times, “Millennials are less entrepreneurial and fail more often“, June 13, 2018. But reports suggest a new confidence is emerging at the younger end of the cohort

From HR Technologist, “Millennial, Boomers & The Leadership Gap“, April 4, 2018 Molly Brennan, of leading national executive search firm Koya Leadership Partners, examines the massive leadership gap that’s coming as Baby Boomers in executive roles retire with too few Gen Xers to take their places. She explains why millennials should be developed now as “emerging leaders” so they’re well prepared to handle future leadership roles.

From Forbes, “7 Ways Millennials Are Changing Traditional Leadership“, January 18, 2018.  Clearly, whether they are seeking to become leaders themselves, or responding to the leadership styles of their employers, millennials are causing some disruption to traditional leadership.

From HuffPost, “Rising to the Challenge: How Three Millennials Are Shaping The World Through Social Entrerprise“, August 29, 2017.  Today, I met with three impressive young millennials who are shaping the world through social enterprise. They come from a variety of backgrounds, from a former refugee to a corporate marketer; each of them facing unique challenges that have shaped their journey to make our lives better through their enterprise.

From CNBC, “Universities, hoping to sway millennials, are now openinig innovation hubs for undergraduates“, July 26, 2017 “There is a significant segment [of students] looking at what type of support will [they] have as a hypothetical entrepreneur?” Kothari told CNBC. “Will I be out there on my own? Or can I tap into the resources and infrastructure the university has. For a segment of the students, that can tip the scales one way or another.”

From The Washington Post, “What millennials want from their CEOs: Activism“, July 24, 2017.  But there’s one group of consumers that is far more likely than others to believe corporate leaders have a responsibility to speak up on societal matters — and it will come as little surprise. It’s millennials.

From Inside Higher Ed, “Integrating Millennials Into Higher Ed Administration“, July 19, 2017 As people in leadership positions start to leave higher education, it will be increasingly important to ensure that the best and brightest of the younger generations stick around, argues James Wicks.

From CNNMoney, “When Millennials are the boss“, July 13, 2017.  While much of the buzz around Millennials in the workplace has been about managing them, many of them have risen to leadership roles, supervising Gen-Xers and even Baby Boomers.
Experts say the elder workers should get used to it. The younger boss/older employee workplace dynamic is the new normal.

From The New York Times, “Why Millennials Should Lead the Next Labor Movement“, July 13, 2017.  The union newsletters my father kept in our bathroom magazine rack may have faded, but their message — about the value of jobs that provide a fair wage, reasonable conditions and the ability to care for a family — is as timely now as it ever was.

From Inc., “1 really Good Reason Why Female Millennials Are So Ready to Quit Their Jobs“, June 8, 2017 Think you’ve got millennials figured out? Think again.

From TNW, “How to succeed as a millennial woman entrepreneur“, June 5, 2017.  Female entrepreneurs have now become a powerful force in today’s competitive business world. The number of businesses owned by women is rapidly increasing day by day. Women are running 30% of the U.S. businesses and employ approximately eight million workers.

From CNBC, “Op-Ed: 5 ways millennial leaders are surprising“, June 2, 2017 The first to come of age in the internet era, millennials may be the most scrutinized generation in history. But whether you believe they will save us all or they’re the worst workers in the history of the world, the unquestionable truth is that millennials — the oldest of whom are now in their mid-30s — are rapidly taking over in the leadership ranks.

From Mashable, “The problem with millennials isn’t millennials — it’s how you’re leading them“, May 30, 2017.  I connected with five leaders at the helm of successful and millennial-dominated companies. Their lessons all reflect powerful insights that are far more about how to lead millennials than about just lamenting what’s wrong.

From The Washington Post, “Millennial women aren’t taking the vacations they’re earned“, May 25, 2017 On every measure, whether it was the fear of returning to too much work or worrying that no one else can do their jobs, more young women were concerned about the effect of vacation than young men.

From Forbes, “Why Female Millennipreneurs Succeed In Business“, May 22, 2017.  So take note of female millennipreneurs as there is always something to learn from them. They are a new breed of women with grit, the ability to manage stress better and balance life. They are problem solvers and nurturers that are taking over the world of business. The women of the millennial generation are taking full advantage of their skills, access to education and unique upbringings to smash the glass ceiling and create multi-million dollar successful businesses.

From New York Post, “Millennials want to be entrepreneurs — but it’s not easy“, May 8, 2017.  “Entrepreneurship is lonely as hell. If you don’t have a tribe to whom you can ask questions, bounce ideas off of and check [and] ask for help from those who have done it before, you’re just waiting to fail.”

From HuffPost, “Modern Leadership Lessons for Millennials“, May 3, 2017.  Although certain aspects of the modern work environment, such as social media use and degrees of formality, have changed, these lessons are timeless tips for anyone seeking to become a professional leader.

From The Business Journals, “Inspirational office design: A way to retain millennials”, May 3, 2017.  I was recently introduced to the idea of leveraging workplace design as a tool for retaining and recruiting millennial employees when my firm, Baker Tilly, remodeled our offices.

From The New York Times, “Deryl McKissack on Drawing Borders for Millennials“, March 3, 2017.  I think about this a lot, particularly with millennials. They are extremely smart, because they have access to a whole lot more information than we did when we were that age. But with that comes a little bit of arrogance, and over time, the idea of respect has been watered down.

From Forbes, “How To Spot Leadership Potential In Millennials“, February 22, 2017.  I’m a big fan of hiring for potential, so how can employers spot leadership potential in younger candidates?  Here are several key attributes to look for when interviewing a millennial in order to discern their leadership potential.

From Inc., “7 Emotional Intelligence Mistakes That Make Millennial Leaders Look Really Unprofessional“, February 9, 2017 91 percent of adults find interpersonal communications to be a huge barrier that prevents leaders from leading effectively.

From Fortune, “Why It’s Time to Give Millennials a Chance to Lead“, February 4, 2017.  By investing in millennials’ growth now, companies will be getting ahead of the curve and positioning themselves and their employees for long-term success.

From Fortune, “Are Millennials Leaders Different?“, January 10, 2017.  The work habits of the newest, and largest, generation in the workforce are a popular topic for both research and pop-psych water cooler conversation. But until now, no one has looked specifically at millennial views of leadership.

From Forbes, “Three Reasons Millennial Leadership Is Not Just A Hashtag“, October 4, 2016 Millennials have been widely criticized for getting participation trophies, not staying at jobs long enough, and being overly dependent on technology — yet they have continued to change the world by creating new products, solving problems, and connecting more people every day.

From The Atlantic, “The Myth of the Millennial Entrepreneur“, July 6, 2016.  Young people very well may lead the country in entrepreneurship, as a mentality. But when it comes to the more falsifiable measure of entrepreneurship as an activity, older generations are doing most of the work.

From Bloomberg, “As Boomers Retire, Companies Prepare Millennials for Leadership Roles“, January 21, 2016.  Companies from Deloitte to defense contractor BAE Systems, General Motors, and General Electric are scrambling to ensure millions of younger managers from the so-called millennial generation—those born from roughly 1981 to 1997—are ready to step into leadership roles as baby boomers bow out of the workforce.