Latest Changes in Leadership
According to entrepreneur Alexander Djerassi, the latest changes in leadership in the professional world are that millennials are now the largest generation in the workforce, and soon they will be at the head of management. People entering the workforce are more entrepreneurial in nature than those who previously used to be, and customers are increasingly interested in interacting with a firm on social media platforms. Alexander Djerassi, an entrepreneur and head of the Djerassi Resident Artist Program at Stanford University, says, “From the point of view of leadership, it’s a much more entrepreneurial environment than it was previously.” “We live in a much more globalized environment, and diversity is critical to the success of any firm.” When you look at the millennial generation that is entering the workforce now, you will see that they are significantly more entrepreneurial than the generations that came before them.” In Djerassi’s opinion, the recent leadership transitions have been a net benefit for both the firms and their employees. According to him, “I believe it presents an opportunity for firms to rethink their work environments in order to become more inventive, more varied, and more collaborative.” “It has never been more critical for leaders to have the bravery to recognize the need for power redistribution inside their enterprises. Moreover, I am really hopeful about the way millennials think and conduct since they are fundamentally different from their parents and grandparents.”
The usage of the terms “millennial” and “entrepreneurial” as synonyms in Djerassi’s article is controversial. He makes the assumption that millennials are either naturally entrepreneurial or are more entrepreneurial than previous generations. Djerassi believes that boosting cooperation and communication among employees, particularly millennials and baby boomers, is the most effective approach for businesses to bridge the generational divide. His other point is that senior employees should abandon the hierarchical leadership style and embrace a more democratic approach to managing their work environments. “The traditional notion of a hierarchical structure must disappear,” Djerassi asserts. “People are experiencing a world that is far more open than they have ever experienced before. They are considerably more technologically sophisticated nowadays. They recognize that they are capable of doing things on their own. Still, they also recognize that if they are unable to do so, there is a great deal of assistance accessible.” The usage of the phrase “digital natives” by Alexander Djerassi is noteworthy. Millennials and digital natives are synonymous, as far as I can tell, even though there are multiple meanings of the term “digital native.”
In addition, he asserts that “corporate culture will progressively become a commodity [and] workers will increasingly come to firms based on their specific interests,” which is the most recent development in leadership he proposes. Those millennials, who are generally deemed technophobic when contrasted to the tech-oriented baby boomers, will be given greater opportunities in technology-oriented businesses where there is a high need for creativity is perhaps the most persuasive point he makes. This is definitely something I’d be interested in witnessing in the future.