Bridging the Generational Gap: Baby Boomers, Millennials, and Generation Z

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Slides for talk given at Longmont Startup Week and ELEVATE Longmont. Discusses the generational similarities and differences between millennials and baby boomers in economics and in power. The talk focuses on a shift in context for generations in the way the world works instead of intrinsic generational differences.

Leadership & Management

BRIDGING THE GENERATIONAL GAP
BABY BOOMERS, MILLENNIALS, AND GENERATION Z
Presented by Morgan Smith

Cable TV
Lunch
Marmalade
Marriage
Buffalo Wild Wings
Applebee’s
J. Crew
Oil Industry
College Football
Motorcycles
Hooters
Doorbells
The Lottery
Postcards
Golf
Napkins
Vacation
Bar Soap
The Home Depot
Democracy
Wine Corks

NICOLAS COLE
“Neither side is doing a
very good job working to
understand where the
other is coming from.”

MILLENNIALS
83 MILLION
18 – 38 YEARS OLD
26% OF U.S. POPULATION

$41,818
84.3%
$6,579
1 yr 6 mo
1987
$100,484
42%
$58,260
17 yr 1 mo
2016
Four-Year Price
Part-Time Wage
Add. Cost
Time to Pay Loans

$79,154
44.5%
$43,915
11 yr 10 mo
1987
$275,984
15.3%
$233,760
Unable
2016
Four-Year Price
Part-Time Wage
Add. Cost
Time to Pay Loans

THE GIG ECONOMY
64%
would consider
joining the gig
economy to assist
income
43%
would consider
joining the gig
economy instead of
full employment

PILLARS NETWORK
Command
Hierarchy
Structured
Discretion
Professionalism
Loyalty
Collaboration
Peer-driven
Crowd-sourced
Transparency
DIY Ethic
Participation

BABY BOOMER MILLENNIAL
Credible
Farsighted
Experienced
Trusted
Encouraging
Listens well
Dependable
Focused
A good coach
Dedicated
Trusting
Global leadership
image
Dedicated
Listens well
Focused
Encouraging
Optimistic
Dependable
Trusted
Experienced
Supportive
Trusting
Creative
Candid and
honest

63%
FEEL AS IF THEIR
LEADERSHIP
SKILLS AREN’T
BEING DEVELOPED

70%
WILL LEAVE IN THE NEXT TWO
YEARS IF THEIR LEADERSHIP SKILLS
AREN’T BEING DEVELOPED

3 STRATEGIES FOR
MILLENNIAL LEADERSHIP
1
2
3
SUPPORT THEM IN LEADING A PROJECT (TEAM)
EMPOWER THEM TO COACH OTHERS
CHALLENGE THEM TO DEVELOP A SOLUTION

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Bridging the Generational Gap: Baby Boomers, Millennials, and Generation Z

1. BRIDGING THE GENERATIONAL GAP BABY BOOMERS, MILLENNIALS, AND GENERATION Z Presented by Morgan Smith

3. Cable TV Lunch Marmalade Marriage Buffalo Wild Wings Applebee’s J. Crew Oil Industry College Football Motorcycles Hooters Doorbells The Lottery Postcards Golf Napkins Vacation Bar Soap The Home Depot Democracy Wine Corks

4. A BABY BOOMER’S IDEA OF A MILLENNIAL

5. NICOLAS COLE “Neither side is doing a very good job working to understand where the other is coming from.”

6. MICHAEL b. 1982 JESSICA b. 1994

7. MILLENNIALS 83 MILLION 18 – 38 YEARS OLD 26% OF U.S. POPULATION

8. ECONOMICS (A STUDY OF ANXIETY)

9. $41,818 84.3% $6,579 1 yr 6 mo 1987 $100,484 42% $58,260 17 yr 1 mo 2016 Four-Year Price Part-Time Wage Add. Cost Time to Pay Loans

10. $79,154 44.5% $43,915 11 yr 10 mo 1987 $275,984 15.3% $233,760 Unable 2016 Four-Year Price Part-Time Wage Add. Cost Time to Pay Loans

11.

12.

13. #1 FACTOR FOR JOB SATISFACTION SALARY

14. THE GIG ECONOMY 64% would consider joining the gig economy to assist income 43% would consider joining the gig economy instead of full employment

15. POWER (A STUDY OF PILLARS & NETWORKS)

16. SOCIETY SOCIETY PILLARS NETWORK

17. PILLARS NETWORK Command Hierarchy Structured Discretion Professionalism Loyalty Collaboration Peer-driven Crowd-sourced Transparency DIY Ethic Participation

18.

19.

20. BABY BOOMER MILLENNIAL Credible Farsighted Experienced Trusted Encouraging Listens well Dependable Focused A good coach Dedicated Trusting Global leadership image Dedicated Listens well Focused Encouraging Optimistic Dependable Trusted Experienced Supportive Trusting Creative Candid and honest

21.

22. 63% FEEL AS IF THEIR LEADERSHIP SKILLS AREN’T BEING DEVELOPED

23. 70% WILL LEAVE IN THE NEXT TWO YEARS IF THEIR LEADERSHIP SKILLS AREN’T BEING DEVELOPED

24. 3 STRATEGIES FOR MILLENNIAL LEADERSHIP 1 2 3 SUPPORT THEM IN LEADING A PROJECT (TEAM) EMPOWER THEM TO COACH OTHERS CHALLENGE THEM TO DEVELOP A SOLUTION

25.

26. WISDOM & GENERATIONAL EXCHANGE

Bridging the Generational Gap: Baby Boomers, Millennials, and Generation Z

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