The impact of millennials, new organizational design, big data and artificial intelligence.
Michigan Ross Professor Maxim Sytch identifies three forces that will lead business leaders to change their leadership style. They include the influx of millennials into the workforce; changing organizational design; and the use of artificial intelligence and big data. In the course of his white paper, Sytch notes:
The importance of leisure for millennials and the fact that they will have more employers over their work lives than previous generations
New matrix-like structures and the importance of collaboration and personal relationships
The need to draw on more data points than those traditionally used, as well as the outsourcing of more decisions to computer-based tools
Sytch concludes with a discussion of talent growth, training, development, engagement, and retention in preparing a new generation of leadership.