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Cultural differences among people
Cultural differences among people
Cultural differences among people
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Nowadays, companies that want to gain competitive advantage from other organisations are more likely to focus on millennials’ wants and demands. Gaining competitive advantage is not an easy task when it comes to attracting millennial stakeholders. Researchers Neil Howe and William Strauss define Millennials as "the next great generation," and "as those born in 1982 and approximately the 20 years thereafter."(Strauss, W., & Howe, N.;1997). Millennials’ social values are different from prior generations as they are more concerned about environmental issues. Most of the millennial generation are mature and entering the workforce, consuming products and investing on their own. In order to remain competitive, companies will need to adapt to appeal …show more content…
He claims that firms concentrate too much on external threats and opportunities, when in fact, they should put equal emphasis on internal strength and weaknesses. He studied the resources and capabilities of different firms and came up with four characteristics that can be used to determine if a resource is a source of competitive advantage or not: Value, Rareness, Imitability and Organization. Essentially, if a firm has a valuable resource, but it is not rare or difficult to imitate, the firm has competitive parity. However, if that resource is rare, the firm will gain a competitive advantage. They will get to keep this advantage longer if the resource is difficult to replicate and if the firm is organised …show more content…
As previously mentioned, when a millennial decides to buy a product or service, they are more likely to choose the brand that they know are making the right decisions to protect the environment. For this reason, it valuable to market a company’s eco-innovations. In turn, this increases sales and revenues for companies. Adidas recently announced that it would be creating a brand-new line of shoes made from recycled plastic captured in oceans. The company plans to produce around 1 million pairs of shoes using this plastic by the end of 2017. For this project, they teamed up with Parley, an organization whose goal is to raise awareness about the ocean pollution problem (Engadget, 2016). Essentially, Adidas used Parley’s already wide base of followers to directly target these consumers, increase social capital and increase their sales revenues which makes a valuable partnership.
Millennials are accused of being tough to manage, behaving entitled, unfocused, lazy, narcissistic; however, they seek to have a purpose that they love and make an impact. Yet, the more they receive, they are not happy. Sinek jokingly states that they could be offered “free food and bean bags, because that is what they want, and they will still not be happy.” According to Sinek, there is a missing piece for millennials, furthermore, he goes on to say there are four characteristics that make millennials the way they are, “parenting, technology, impatience, and environment.” (2016).
Most millennials are hard workers and also smart, being the generation of technology we utilize what we have because it has works for us in multiple occasions. We also are the only generation that is better at switching from task to task, it’s not hard for us to move forward because of our great work ethics, and our ability to work with new and advanced technology. The type of experience that the Y generation has will affects how our lives will continue to be in the near future.
On average, the typical millennial needs constant feedback on everything they do, and want to share their entire lives on social media. They want everyone to see their accomplishments. This differs from some of the older generations that may value their privacy and do not want to have their entire lives placed on the Internet. According to the “Millennial General Research Review,” Millennials are considered more accepting of other races and cultures compared to the previous generations. The Millennial generation puts more emphasis on trying to be culturally and racially accepting towards everyone. In addition, they are able to multitask better then any of the other generations, changing from task to task at an extremely accelerated rate and receiving their current information from technology like the internet and television as compared to other forms that were previously popular (“Millennial General Research Review”). Overall, Millennials have many defining characteristics that have helped shape them to who they
A statistic the Buckingham’s use to support their argument is 60 percent of millennial employees recognized their current positions are mere stepping stones. We all can not become doctors, teachers or lawyers in a matter of days, we have to go through school and work jobs, and internships to get there. for myself, I hope to become a dentist in the future, but for now I am searching for a job as a receptionist in a dental office to become familiar with the environment, that way when the time comes I know what to expect. I also agree with the authors statement that millennials have qualities that can be “extremely beneficial in the workplace”. Because Gen Y is so familiar with technology, it makes it easier for businesses to become more compatible on technology. I have noticed that many things in school have changed while I have been growing up. Schools are much more dependent on technology than ever. We were given school issued devices at my high school where we had to submit everything electronically. As I made my way to Joliet Junior College, the same thing, my math class is taught in a Computer lab where we do our homework online. There are companies such as Apple and Google that have already been more successful in hiring millennials that are familiar with their different software’s. These companies are not aiming for millennial based employees, but their staff is majority
Microgeneration’s are already rising and horrifying the group right before them, an example needs to be set to show them that it is possible to work through the generational differences (Stein). People have power in numbers and currently the separation between age and features of generations are preventing them from being one workforce, working together to achieve a common goal—the wellbeing of an entire society. All groups can make an effort to close the gap by being more accepting and open minded to change. As Millennials run into setbacks in their advanced methods, previous generations can help and explain the foundational way of operation. While previous generations fall behind in technological advancements, Millennials can share their expertise on technology. Every generation has its flaws and together the holes can be filled, simply with a little optimism and collaborative work. The key to closing this gap is education – knowledge of the past and present. Programs such like Pollak’s initiative to work with companies and help train directors how to manage and market to the Millennial generation of young adults will contribute to a better understanding on how to handle workplace confrontations (qtd. in Dowdy). Lastly, Millennials too have some contributions they can make to close the gap. As understanding as they are, they
To be considered a millennial, an individual has to be born within the years 1982-1999. I’m considered a millennial myself (1997). With the advancement of technology, Generation Y has the upper hand automatically on any prior generation. Generation Y also has an advantage because of the way they insist on getting what they want. Instead of Generation Y adapting to the work environment, the workplace will have to change in order to retain young talent. The workplace will have to adapt because according to Matchar, the American workforce will be 75 percent Generation Y workers by
When discussing the topic of millennials or formally known as Generation Y, most will receive two different sides. Depending on who is asked, millennials range from 1980-2000 mostly making them made up of teens to 20’s. Millennials today are either looked at as the narcissistic generation, or they get classified as educated and skilled. While today’s world is mostly revolved around a technology or social based atmosphere, this gives managers a new way they need to cope with the new generation of upcoming employers. With always having technology in their lives this helps give the two sides of how millennials are viewed. On a positive and supporting standpoint, millennials being so technology driven helps businesses
Stereotyped in popular media as whining, self-absorbed, narcissistic, overindulged and tech-addled, the Millennial generation - born 1980 through 2000 - is generally considered to be the epitome of spoiled unreasonableness. Now that Millennials are making strides in the workplace, it is evident that those stereotypes are based more on anecdotes rather than reality. In fact it now appears that they very much echo their Boomer parents, which is why they are often referred to as Echo Boomers. Simply put, where Boomers have an optimistic outlook of the world, Millennials are hopeful; where Boomer work ethic is driven, Millennials are determined; where Boomers have a love / hate relationship with authority, Millennials treat authority with politeness; where Boomers believe in leadership by consensus, Millennials believe in leadership by pulling together; and where personal gratification is the impetus for Boomer relationships, Millennials have no personal motivation for relationships which are inclusive and with no boundaries (Zemke, Raines & Filipczak, 2013).
While the managers, represented by the baby boomers are puzzled with the millennial’s lack of consistent work history. This to the millennial is a non-issue. They do not gain motivation. Solely by money, if fact based on interviews this group would rather have no job than be saddled with a job that they hate. The desire to love what they do often outweighs salaries and big bonuses. They are looking for employment that value their creativity and their management listens to their ideas. (Johnson, Megan. 2015)
Community colleges are, historically, known for servicing the more non-traditional population, such as adults who work full-time and individuals seeking fast-paced trade-skills, a successful enterprise (AACC, 2013). In a community college setting located within the Southern Region of Texas, there is an opportunity to study the social expectations and educational needs of Generation Z relative to their college experience compared to other identified groups of students enrolled in the institution. Generation Z accounts for less than 20% of the community college full-time enrollment (AACC, 2013). According to the Daily Nation (2016), they are described as independent, stubborn, pragmatic and always in a rush, Generation Z will challenge Community
Blaising, Craig A., Kenneth L. Gentry, and Robert B. Strimple. Three Views On the Millennial and Beyond. Counterpoints. Grand Rapids, MI: Zondervan, 1999.
Hendersern and Stern 2000, ‘Untangling the origins of competitive advantage’,Strategic Management Journal, Vol. 21, pp. 1123-1145.
There is a generation that is 80 million strong who is the start of a new millennium. The people of this generation are called the Millennials. Many think of them as closeminded, faulty and not fit to run the major cooperation’s of the world someday, yet the true identities of this group are just starting to be revealed. Millennials can easily and thoroughly understand the new advances in technologies. They are also the most diverse and open minded generation yet. They show a lot of potential and could someday change the world for the better. A writer for Time magazine, Joel Stein, does a wonderful job describing the millennials for who they truly are in his article “The New Greatest Generation.” While Stein agrees with Twenge in that millennials show faults, he maintains that their faults have potential to make them the next greatest generation. Despite the negative connotations millennials receive, they often have the ability to be resourceful with the technology, open-minded to the diversities the world displays and have a lot of potential.
The Millennials generation is widely known to be “entitled, narcissistic, self-interested, unfocused and lazy” as Simon Sinek (2016) said in his interview on Inside Quest about the Millennial generation. Essentially, he is saying that Millennials have issues that will cause them problems for developing in the real world. I agree that Millennials are not prepared for the real world and they do have issues. Sinek (2016) starts off by asserting the Millennial generation is unprepared for the world because of by four categories parenting, technology, impatience, and environment.
For many years, millennials have been the focus of much debate. But one question continually remains unanswered: What will become of millennials in the future? There are people who believe that millennials are capable of being successful in the future, however, there are many other people who believe that there are numerous challenges in society the millennial generation will have to confront, which puts millennials in a position where they are unprepared to be a successful generation in the conditions of today 's society. The millennial generation is not capable of being successful, because of their increase in high self-esteem that tends to create entitlement, the competitive environment when seeking employment, and the failure of the education