How Generational Shifts will Impact Business and Innovation (Part 2)

On location: The early 20th-century edifice of this lovely old institution sits on the corner of Coldharbour Lane and Brixton High Street. Its cafe and bar spill out on to the recently done-up Windrush Square, customers and idling locals mingling under its spotlit central tree. While there’s little parking, it’s a minute away from Brixton tube on the high street, and buses shuttle from along both Coldharbour and the high street all night. The newer half of the building, with its smoked-glass roofing, joins the building to the Brixton public library. The older, more ornate half, sits on the corner among the clubs and bars and fast-food joints, like a gussied-up old Victorian aunt at a rave. Crowd scene: While the hip, nerdy staff and the strong presence of lumberjack shirts and vintage floral dresses can make this seem like a bit of a joint for the young and pretentious, the Ritzy makes an admirable and fairly successful effort to serve the whole community. Meanwhile, the Glyndebourne live stream brings in the overs, while the more arthouse choices and documentaries appeal to the film buffs. Brixton’s many communities might move in different orbits but this is a place where they genuinely mix, from people who find themselves seeing The Taqwacores out of curiosity to regulars at the cafe who nip in for a latte and end up enjoying the special premiere for new online Black family sitcom Meet the Adebanjos , held in June this year. Back story: Enough to fill a novel.

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In part 1 of How Generational Shifts will Impact Business and Innovation, we discussed the concept of social generations and introduced those generations that are currently alive. Today, we will explore how the generations presently active in the workplace differ in their work aspirations, behaviors and styles, and how generational shifts that will unfold in the labour market in the next decade are likely to change the nature of business in general and innovation in special.

Here, bear in mind that of course, every generation consists of lots of different individual types, so that the following descriptions represent more of a dominating tendency for each social cohort. Nevertheless, the following differences reflect the specific social markers and technologies as well as the educational upbringing of different generations. By , organizations will face massive human resources challenges due to generational shifts in the labour market:.

How will these generational shifts impact innovation? No one knows for sure. However, by factoring in the educational upbringing, general work qualities, and attitudes towards technology and change, I foresee on the risk of being wrong the following nine innovation impacts of generational shifts:. Conclusion: Have you got a better grasp of both the generational differences in socialization, education and work behavior work aspirations, attitudes and styles and the scope of the generational shifts in the labour market unfolding in the next decade?

Once the last remaining Traditionalists and hordes of Baby Boomers will have gone into their well-deserved retirement, many ways of how we do business and innovate will change. Hopefully, my predictions and rationales are useful to help you realign your business and innovation set-up ahead of time. Your Name:. Your Comment:.

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