{"id":9993,"date":"2021-10-21T05:20:33","date_gmt":"2021-10-21T05:20:33","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/current-topic-management-homework-help\/"},"modified":"2021-10-21T05:20:33","modified_gmt":"2021-10-21T05:20:33","slug":"current-topic-management-homework-help","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/current-topic-management-homework-help\/","title":{"rendered":"Current topic | Management homework help"},"content":{"rendered":"
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Developing Gen Y Leaders<\/p>\n

How important are excellent leaders to organizations? Well, the answer, in theory of course, would be very important. However, the answer as practiced by countless organizations might indicate otherwise. Only 38 percent of organizations have a formal frontline leadership development program in place. It\u2019s important for organizations to commit to strong leadership development, and it\u2019s particularly important for organizations to begin grooming their Gen Y employees to move into critical leadership positions. Why? Within 10 years (by 2025), these Millennials are set to comprise 75 percent of the global workforce. That\u2019s why organizational leadership development programs are absolutely essential. Let\u2019s look at what some companies are doing to prepare the next generation for leadership.<\/p>\n

Excellent leaders have to be developed and cultivated.<\/strong><\/em><\/p>\n

3M\u2019s leadership development program is so effective that it has been one of the \u201cTop 20 Companies for Leadership\u201d in six of the last seven years and ranks as one of the top 25 companies for grooming leadership talent according to consultant Hay Group. What is 3M\u2019s leadership program all about? A few years ago, the company\u2019s former CEO and his top team spent 18 months developing a leadership model for the company. After numerous brainstorming sessions and much heated debate, the group finally agreed on six \u201cleadership attributes\u201d that they believed were essential for managers to have in order for the company to become skilled at executing strategy and being accountable.\u00a0 Those six attributes included the ability to: develop a plan and implement that plan; motivate and rouse others; be ethical and trustworthy and abide by the rules; achieve outcomes; strive for excellence; and be a capable and creative innovator. The company has continued to reinforce its pursuit of leadership excellence with these six attributes.<\/p>\n

Other companies, such as Ernst & Young, start early in recruiting and investing in future leaders, often going after talented college freshmen who have leadership potential. They take the best talent and involve them in various leadership development programs both while in school and after graduation. Deloitte, another company rated high for its leadership development programs, is deeply committed to helping its Millennial employees learn and absorb the leadership skills they will need to lead the company in the future. It starts with a very specific recruiting strategy for hiring Millennials and continues with a yearlong \u201cWelcome to Deloitte\u201d program. This program is all about teaching this age group client-management skills and team-building skills, and offering professional development opportunities. And, not surprisingly, it\u2019s done largely through social media using interactive experiences such as role-plays, simulations, games, and a tool to help these employees track their first-year tasks.<\/p>\n

At Facebook, the first Millennial-run organization to become a Fortune 500 company, leadership development is designed around the needs of a fast-moving, fast-growing company. The head of leadership development at Facebook says that the only way leadership development works there is by making it consistent with the types of engineering tech types that comprise the company. Engineers are concerned only with \u201cwhat works.\u201d And it\u2019s the same for any type of leadership development to be successful here; the focus has to be on what works. Also, since Facebook is an extremely flat organization with few levels of management, employees find out early on that in order to get anything done, they\u2019re going to have to be able to influence and inspire people. That\u2019s why leaders at Facebook don\u2019t have to be convinced of the need for people skills. They won\u2019t survive long without them.<\/p>\n

Prepare a 2-page paper answering the following questions.\u00a0 Remember, use 10-12 pt font and APA format!\u00a0 Feel free to bring in outside data\/sources, but please provide citations and a list of references.<\/p>\n

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  1. Why do you think that there\u2019s a huge gap in theory (what we know we should do) and practice (what we\u2019re actually doing) of leadership development?<\/li>\n
  2. What are some reasons that companies might not be addressing Gen Y leadership development programs?<\/li>\n
  3. Three different types of organizations are described here: 3M is primarily a manufacturing organization. Ernst & Young and Deloitte are professional services organizations. Facebook is a tech company. Compare and contrast their differing approaches to Gen Y leadership development.<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Developing Gen Y Leaders How important are excellent leaders to organizations? Well, the answer, in theory of course, would be very important. However, the answer as practiced by countless organizations might indicate otherwise. Only 38 percent of organizations have a formal frontline leadership development program in place. It\u2019s important for organizations to commit to strong […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-9993","post","type-post","status-publish","format-standard","hentry","category-homework-help"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/9993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=9993"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/9993\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=9993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=9993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=9993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}