Are Millennials Good Leaders?
Regardless of what you hear about millennials, at the Leadership Science Institute (LSI) we believe, with the proper coaching, millennials will make really good leaders. At LSI, we specialize in coaching millennial leaders. Here are some thoughts about millennial leaders.
There really is no way of getting around it. Sooner or later companies are going to have to embrace millennial leaders. After all, the ones that came before are going to keep retiring. Even before that happens, the old guard going to start losing touch with what an ever-growing group of customers wants, needs and pays attention to.
The good news? Millennials actually make some surprisingly good leaders. They have some vital attributes which make them perfectly suited to the world as it exists today. Here we’ll explore some of their strongest attributes.
- Are more Tech-Savvy
- Care about corporate activism
- Tend to be more flexible
- Have a more fluid understanding of ownership
- Understand corporate culture
Read more about this at Why Millennials Will Make a Great New Cohort of Leaders
What Competencies Do They Require?
Determining whether or not a millennial will be a good leader in the future is determined by their leadership competency level.
Developing a better understanding of the most critical leadership competencies not only benefits those in current leadership positions, as the next generation of leaders — many of whom are already seeking mentors in preparation for future leadership roles — will encounter all kinds of new opportunities and challenges demanding exceptional leadership built on a foundation of several especially important competencies. In the sections that follow, we’ll explain why the next generation of leaders will:
- Act according to consistent ethical and moral standards
- Communicate clearly and listen attentively
- Empower team members and demonstrate respect and trust for other
- Emphasise company culture by highlighting shared values, goals, and objectives.
In discussing these competencies for the next generation of leaders, it is worth noting how each competency allows leaders to be themselves by leveraging their individual strengths while minimizing their individual weaknesses.
Read more at 7 Competencies For the Next Generation of Leaders
Changing Traditional Leadership
It is not unusual for us to hear experienced leaders (i.e. Boomers) call millennials immature. However, our coaching reveals that many of them actually want to be leaders. There are a number of surveys and studies that prove our observations.
According to a survey conducted by Virtuali and Work Place Trends, 91% of respondents expressed a desire to lead. Nearly 50% of them also said that they believed leadership is the empowerment of others.
From the same survey more than half indicated they believed they had strong leadership skills in the areas of communication and relationship building. However, many also indicated a lack of confidence in industry experience and technical expertise.
Perhaps what really stands out is that millennials seem to approach leadership in different ways than previous generations. They also have different expectations of the leaders they work under. For example, while 76% believe corporations are doing some social good, the majority also believes that international companies are not doing enough.
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. Here are seven ways they are influencing leadership today.
Look for future posts from the Leadership Science Institute as we continue our research on this topic.