Next generation leaders are more optimistic than present day CEOs on economic growth as 60 per cent of them believe it will improve in the next 12 months as against only 27 per cent of chief executives, says a PwC report.
According to the report by PwC in collaboration with AIESEC, an international student organisation, current and next generation leaders are poles apart on growth, education, technology and business responsibilities.
“There is some degree of disillusionment within many large companies and bringing the focus back to the core purpose will help drive employee engagement and connect,” PwC India Leader – People & Organisation Padmaja Alaganandan said.
According to the report, around 86 per cent of young leaders feel that companies should be worried about cyber crime while only 61 per cent of CEOs are concerned about this.
There is also a clear difference on how the two groups perceive risk. CEOs rank their top three concerns as over-regulation, geopolitical uncertainty, and exchange rate volatility.
In contrast, the younger lot takes a more long-term view, believing CEOs should be more concerned about longer term issues of social instability, climate change and environmental damage, and unemployment.
“Both a strong sense of purpose and values are something the youth requires in a workplace and looks for in their employers. I believe more businesses are beginning to understand this and are taking bold steps in putting their purpose into practice,” Ana Saldarriaga, President of AIESEC International, said