yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Millennials: Entitled or Just Ambitious? | Big Think


3m read
·Nov 4, 2024

Millennials need to have meaning. When you grow up in a world of abundance, your basic needs are met. Okay, so that's just an expectation. Of course, I'm going to get a salary, and of course, I'm going to get benefits. What I want is a job that has meaning to me, that connects to my life purpose.

And you can only have that if you have a really strong culture that says, "Here's who we are as an organization. Here's why it matters to us to be this way." Organizations that are clear on that are going to be more appealing to millennials than the organizations that simply say, "We do XYZ work and we have this opening position and you should work for us and that's it."

The organizations we saw that are doing this are designing their organizations around the needs of the employees, not the needs of management. And they’re making their work experience customizable, and they're building in continuous innovation and improvement into management, which is new.

We used to sort of come up with our best practice, and as soon as we had that, we did that for the next 20 years. That doesn't work anymore. We have to be more fluid. The traditional organization relies heavily on hierarchy and heavily on paying your dues.

So in order to advance in the company, the standard rule is you have to come there, and you have to work; you have to do work you don't like for a certain period of time, so that you can graduate to a different level where you get to do work that's a little bit better, and then working some more, and then eventually start managing people, and eventually start having authority to make decisions or do things on your own. That organization just doesn't make sense to millennials.

I mean, we interviewed millennials for this book, and the general theme from our response from millennials was, "Why are you guys running it like this?" Like, they're literally scratching their heads saying, "Why would you run an organization like this? Why would you not empower people who are closest to the customer, for instance, to make a decision? Why would you not share information?"

That's a huge one in organizations that millennials don't get. To some extent, the earlier generations are going to have to learn to give up control. That's a big theme I'm seeing in organizations that most of our management systems are based on control being a good thing, and I'm finding organizations that give up on that actually get to achieve more.

And so I think smart organizations are going to get clear, looking at their millennial workforce, much of whom are going to be entry level, to say, "I know you're entry level, but in this area, I'm going to let you run with it." Like, within these walls, you can do whatever you want; you can experiment; you can be in charge.

And so you just have to be clear about where those walls are so that they don't have huge impacts on the rest of the enterprise. But find places early on to do that so they have the experience of making their own decisions. I also think, in general, organizations will be pleasantly surprised when they start letting their employees experiment because I think they'll start seeing results that they wouldn't have predicted that they would get.

More Articles

View All
Peter Lynch: How to Invest During High Inflation
So we just got fresh inflation data a week or two ago and guess what? It showed that yet again the annual inflation rate has risen in the U.S. Inflation is now running at seven percent per year. We know that because of this inflation, Jerome Powell and th…
Watching This Will Make You Want to Bake Delicious Bread for a Living | Short Film Showcase
I don’t want to say that the bakery is an experiment, but it’s more like it’s more like saying why not, why not do it right. My name’s Stefan Stefan centers, and I’m a baker. I run the wide-awake bakery. My name is David McInnis and my… A lot of people t…
Interpreting expected value | Probability & combinatorics | Khan Academy
We’re told a certain lottery ticket costs two dollars, and the back of the ticket says the overall odds of winning a prize with this ticket are 1 to 50. The expected return for this ticket is 95 cents. Which interpretations of the expected value are corr…
New Discovery: Blood-Red Worms That Thrive in a Toxic Cave (EXCLUSIVE VIDEO) | National Geographic
These worms are small. They’re red, blood red, and they occur in well knots of worms—lots of worms together. Finding the worms in a place like sulfur cave shows that there are even places on Earth where creatures can live, where they are not connected to …
Startup School 2019 Orientation
Good morning founders! Welcome to Startup School 2019. I’m gonna go over four things in this orientation. I’m gonna introduce you to the Startup School team. I’m gonna introduce you to your fellow classmates/founders. I’m gonna explain how Startup School …
Calculating internal energy and work example | Chemistry | Khan Academy
In this video, we’re going to do an example problem where we calculate internal energy and also calculate pressure-volume work. So we know the external pressure is 1.01 * 10^5 Pascals, and our system is some balloon. Let’s say it’s a balloon of argon gas.…