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Friday, October 4, 2024
CEOWORLD magazine - Latest - CEO Insider - Old Leaders VS Next Generation – A Hard Dilemma

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Old Leaders VS Next Generation – A Hard Dilemma

Companies are growing like mushrooms, and the need for people who will make a difference has become bigger and bigger. A person between the age of 30 to 4o years old may be considered to be relatively young to get a leading position in a growing company. Still, the list of successful people under 30 is growing. All ages have valuable things to offer to a company’s team. Today we discuss how they affect the work within the borders of the workplace.

  1. Having things proven and having to prove things
    Older people have proven their skills and are a bet where no one will lose in the end. On the contrary, hiring a young person is like flipping a coin, and you don’t know the outcome. So, if you want to have a calm night’s sleep, you should vote for the previous generation when it comes to leading positions in your company. However, while this could be considered to be the young leaders’ weak point, it can also act as their advantage. The fact that they have yet to show their value and they do not have a proven track record gives them all the motivation to work harder and prove others wrong. They are becoming more competitive, and in many cases, this is a good thing. The lack of prizes and accolades act as the driving force that makes them work harder and harder, giving a better result in the company.
  2. Wisdom versus imagination has always been a mystery
    If there is something an elder can contribute to the team is their wisdom and experience. To be honest, this does not apply only to managers and leaders but to everyone who works in the company. Consider that the two things HR Departments mainly check on a resume are experience and education. So, yeah, we could say experience is highly prioritized. When you are over 50 years old, as you may assume, experience comes with the territory. At the same time, younger generations can bring an air of change inside the office, which in some cases is more than essential. The force, the power, and the quick pace come just like the wind and can make you move faster. In the meantime, older people should be closer to observing whether this change is going in a safe direction. However, the source of evolution is indeed based on this imagination and lack of fear.
  3. Younger people have more connections, but old people have the right connections
    Even though people in leading positions are not politicians, a certain social network is always valuable to make the team go. Besides, there is no way someone will have a high position in a company if no one at the workplace likes them. Having a network of people that work outside the company and can help your team when this is needed is quite valuable. It can be the people you work with or potential customers willing to give your product a chance or stay engaged with your existing products. Young people are always more social in all terms. They have friends from college, friends from work, school, etc. They get to know people wherever they go and do not lose touch with them. As we grow older, we tend to keep the more precious ones in our lives. Older people have connections with other leaders and people who can truly offer and contribute to the company’s success. In most cases, this is where elders beat the next generations.
  4. How quickly you change and how quickly things change
    The bottom line is that things change, and we have to adapt. Younger generations are always more passionate and eager to learn, and they seem to respond quickly to the development and evolution of the world as it is being shaped in the landscape of growing technology. You see, they follow the flow and grow together with society. This does not exclude older entrepreneurs from the process. As long as someone is happy to make a change from the inside to adapt to external changes, things will work fine for that person.

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CEOWORLD magazine - Latest - CEO Insider - Old Leaders VS Next Generation – A Hard Dilemma
Anna Siampani
Anna Siampani, Lifestyle Editorial Director at the CEOWORLD magazine, working with reporters covering the luxury travel, high-end fashion, hospitality, and lifestyle industries. As lifestyle editorial director, Anna oversees CEOWORLD magazine's daily digital editorial operations, editing and writing features, essays, news, and other content, in addition to editing the magazine's cover stories, astrology pages, and more. You can reach Anna by mail at anna@ceoworld.biz