Organizational Leadership and the Baby Boomer Mindset

August 25, 2011 by  Filed under: Management 

Is the Baby Boomer’s Mindset Subject to Societal Change? Three Myths about their Mindset Every Organization Must Know:

Baby Boomers are often stereotyped and categorized into a set of characteristics that include people born between 1946 and1965. This demographic has been focused on because of their size and economic influence making up 20-30% of the general population. As this demographic aged they became an integral part of the organizational culture. Marketers and advertising companies often focused their attention on this large population segment because of its purchasing power. There are three myths about the Baby Boomers’ organizational make-up that affect this segment of the population on the organization.

Myth 1 – All Baby Boomers hold the same mindset. No one-size-fits all can be made within all organizations with reference to the 46 – 65 year olds except for one very important fact. They are now retiring. Organizations need to prepare for their succession as the Baby Boomers leave the workforce and enter into their golden years.

Myth 2 – All Baby Boomers are prepared to leave the challenges of the work arena and take up the leisure life. Some of them are not as financially stable and have anxiety about their upcoming retirement. Uncertainty in the economy causes many to ask what new changes will happen in business. Organizational leadership will change dramatically as the Baby Boomers leave their positions of prominence to retire.

Myth 3 – The Baby Boomers are immune to societal changes. In the 1960’s the cry of their cry was for world peace. This group of people had dreams of a better future. They wanted more for their children and worked hard within the organizational structure to bring home pay checks. It cannot be said that they are characterized by closed mindsets nor closed hearts, yet the outcome of their dreams may not be as fully fulfilled as they dreamed of in the ’60s when compared to current world conditions. Idealism may have turned into realism as the Baby Boomers matured.

The need to empower all employees will increase as the Baby Boomers experience, knowledge and insights are replaced by their successors. Organizational leadership must consider knowledge management preservation so that the following generation will follow their visionary mindset. Each organization must individually investigate their executives and high-level managers. Did their leadership prepare for their retirement, is one question that will be reviewed. Did the business leadership lay out strategic plans for the company to continue expansion, is another investigative question.

A wise leader will groom others to replace the knowledge aspects but who can replace the wisdom? The door to wisdom is opened when information and knowledge are combined with experience and seasoned with maturity. A smart decision would be for organizational leadership to invest in leadership development courses with instruction to ensure that their knowledge is well preserved.

About The Author:

Loreen is author of ‘The Book on Leadership Skills for Today’, visit http://www.star-tingpublishing.com to get your digital copy. A speaker on leadership development, Loreen Sherman shares with leaders the number one secret for success to align high-impact leadership with today’s Information Age.

© Copyright 2011 Loreen Sherman, All Rights Reserved, Worldwide.

Article Source:
http://EzineArticles.com/?expert=Loreen_M_Sherman

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