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Emad Rahim discusses leadership strategies for millennials. What is a Millennial, really? You hear this word every now and then, uttered by one pundit after another, relayed by traditional and social media alike. Simply defined, a Millennial is someone born between 1981 and 2000. Millennials are, in essence, the next generation, preceded by Generation X (1965-1980) and the Baby Boomers (1946-1964). Lately, companies and business leaders have spent much time and effort wooing Millennials – an understandable strategy given that this market is as diverse and forward-thinking as social observers have ever seen.
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MillenialsEmad Rahim
1. Do Your Homework
To be an effective leader, do your homework.
Simple as that! There is no shortcut to true
leadership, unless you aspire to be a one-time
leader, a flop. Go to school, get the education
you need, and read as much you can, especially
the biographies and leadership styles of those
you want to emulate. Besides management
skills and charisma, a leader also needs to know
a thing or two about literature, culture and
society, to name a few. The bottom line is: expand your horizon.
2. Learn the Ropes of True Leadership
Learn the ropes of leadership by paying
attention to your elders. They can be in your
current company, at your local congregation,
in your community... or in your house – we
mean your parents. The goal is to learn how
true leaders react when faced with challenges,
from the simple to the complex. Sharon
Weinberg, a Professor of Applied Statistics and
Psychology at New York University, suggests
that true leadership comes from experience, resilience and patience.
3. Hang Out With the ‘Doers’
You should cultivate the company of doers if
you want to be a doer one day. Look around your
community, at work, in your professional network,
and identify those who are the rising stars in their
respective areas. Earlier, we said you should read
about the leaders of the past; now, we are saying
you should emulate the leaders of today, learn
from them, and apply the best practices they are
implementing at work and in their private lives.
4. Cultivate Patience
Author and philosopher Karma Peters says that
patience is an important trait in leadership, not
only because it appeals to your better angels,
but also prevents you from making serious
leadership mistakes that might cost you
dearly down the road. Learn to wait
for the right moment, at the right
place, before making an important
operational or business move. To be an
effective leader, understand your interlocutors' priorities and make sure they mesh perfectly with your own aspirations.
5. Embrace Cultural Diversity
Expand your social
horizon and learn about
other cultures. In
today’s economy,
globalization is the order of the day. To
hone your
leadership
skills, open
yourself up to
other foreign
lifestyles and
learn a thing
or two about them.
Familiarize yourself with
the most popular leadership traits
around the world, so that when your shining
moment comes, you can adeptly cope with cross-
border challenges and lead a global team.
6. Be Operationally Open-Minded
‘Operational open-mindedness’ means you
believe there is more than one solution to a business problem – or a social problem, for
that matter. The idea here is to recognize that
true leadership does not have solutions to all
“Understand the importance of ceding the limelight to your team members.
Need to Know and Execute
What is a Millennial, really? You hear this word every now and then, uttered by one pundit
after another, relayed by traditional and social media alike. Simply defined, a Millennial is someone born between 1981 and 2000. Millennials are, in essence, the next generation, preceded by Generation X (1965-1980) and the Baby Boomers (1946-1964). Lately, companies and business leaders have spent much time and effort wooing Millennials – an understandable strategy given that this market is as diverse and forward-thinking as social observers have ever seen.
But now that we know these Millennials are
next in line to run the world in the years to
come, what leadership skills and strategies must
they develop to work and perform effectively?
If you are a Millennial or have children who are
Millennials, heed our top 10 leadership tactics to
know and execute in the next few years.
LEADERSHIP STRATEGIES
That
CEO MAGAZINE30
MILLENNIAL LEADERSHIP
Biography
Dr Emad Rahim is Endowed Chair of the Project Management Center of Excellence, Associate Professor for Project Management at Bellevue University and Jack Welch Management Institute Fellow. You can find him on Twitter: @DrEmadRahim
problems, but can adroitly shape the right mix of
resources and vision to fix all problems. That is
what will be expected of you once you become a
leader. So get used to that operational mindset.
7. Mimic the Best Millennials
Emulate the best Millennials we have today.
From prominent names like Mark Zuckerberg
to less-known doers, such as Luis Alvarado and
Sam Barnett, you have a wide array of people
and leadership styles to mimic. Forbes Magazine
publishes an annual list of “30 under 30,” and
this can be a good way to start your research
into your own leadership skills and to determine what really matters for you.
8. Act Like a Social Entrepreneur
When it comes to leadership, don't just pay attention to business executives. Social
entrepreneurs are also doing their fair share
of social betterment, changing the lives of
millions around the world. Even if you have a
business mindset, you should read about the
passion and philanthropic bent that most social
entrepreneurs possess.
9. Empower Your Team
Learn to empower your team – that is a key trait
of a true leader. At the end of the day, a winning leader is backed by a winning team of high performers. So understand the importance of
ceding the limelight to your team members, so
they also can shine and reach their full potential.
Empowerment is, in essence, a byproduct of
patience and humility, the kind of mix you
usually see in legendary leaders.
10. Create a Millennial Business
To better execute your ‘Millennial leadership
strategy,’ why not create a business? That is, a
business that caters to Millennials, understands
their aspirations, and can smartly accompany
them throughout their lives, especially the
second phase of adulthood that starts past 40.
Founding a business can also be an effective way to fulfill a life dream, whether it is
leadership-related, a desire to bring about
social welfare, or a lucrative need.
To Sum It UpMillennials are the next generation of
consumers, but also the people poised to lead,
nurture others and bring social improvement on
Earth. Millennial leaders must possess the same
skill set their predecessors had, in addition to
multicultural mentality and technological savvy.
MILLENNIAL LEADERSHIP
31CEO MAGAZINE
MILLENNIAL LEADERSHIP