Next Generation Trends by Ryan Jenkins

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Information about Next Generation Trends by Ryan Jenkins
Business & Mgmt

Published on March 16, 2014

Author: RyanDJenkins

Source: slideshare.net

Description

Generational conflict has been around for as long as there has been 2 or more generations present on the plant. What makes today different? Social media and the Internet have become the greatest equalizers. These innovations have enabled individuals to start a business or build a brand in an afternoon at a local coffee shop for $0. This puts a new urgency and accountability on the shoulders of leaders, corporations and personal brands. It’s become imperative that we understand tomorrow’s trends in order to leverage them as our catalysts for mega success in the future.
Follow the blog/podcast: www.ryan-jenkins.com

todaysgoal Learn and leverage next generation trends to thrive in tomorrow’s multi-generation marketplace.

theagenda 1) the millennial 2) culture shifts 3) corporate shifts 4) consumer shifts

THE MILLENNIAL #1

Age Numbers iGen < 14 50+ million Millennials 14-34 80 million Gen X 35-49 51 million Boomers 50-68 76 million Builders 69-89 56 million* G.I. Generation 90+ 60 million* thegenerations

36% 18% 30% 16% Builders (’25-’45) Baby Boomers (’46-’64) Generation X (’65-’79) Millennials (’80-’99) 2014workplace

25% 75% Millennials Other Generations 2025workplace

Millennials are a critical mass of early adopters.

CULTURE SHIFTS #2

50% of bloggers are Millennials.

of Millennials have a Bachelor’s Degree making them the most educated generation in American history.63%

of Millennials (vs 29% of non- Millennials) are engaged in uploading videos, images and blog entries. 60%

of Millennials have liked more than 20 brands on Facebook. 43%

of Millennials either want to start a business or already have started one. 54%

of bloggers are Millennials. 21% of freelancers are still enrolled in a university.

of Millennials would give away personal information to get more relevant advertising. 25%

of youth play computer and video games. 97%

Millennials will insist on a more tech dependent, engagement rich, reward based, & transparent culture.

CORPORATE SHIFTS #3

of Millennials would rather be mobile than static when working. 79%

70%of Millennials might reject traditional business to work independently.

of Millennials won’t accept jobs from companies that ban social media.56%

of U.S executives will be eligible to retire in the next 5 years. 63%

of Millennials want to work for companies that reward idea generation and creativity.39%

of Millennials prefer to be rewarded or recognized for their work at least monthly.41%

of Millennials will choose workplace flexibility over pay.45%

years is the average tenure for Millennials. 2

of iGen teens hope they will have a hobby that turns into a full- time job. 76%

Millennials will demand more entrepreneurial, project-based, remote & innovative work.

CONSUMER SHIFTS #3

is the year Millennials will have the most spending power of any generation. 2018

of Millennials have already made purchases with their smartphones. 41%

60% of millennials are engaged in rating products & services.

of Millennials stay updated on brands through social networks.63%

of Millennials report that user-generated content influences what they buy. :) :( 84%

of Millennials would share information with a company if they got something in return. 51%

are more likely to buy a brand they know supports a cause. 50%

Millennials desire a mobile, social conscious, and collaborative marketplace.

maintainperspective 1) constantly converse 2) closely listen 3) consume relevant content

www.ryan-jenkins.com/subscribe 585858 RESOURCE. <your TEXT: RESOURCE. 
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references The logos used in this presentation are the property of the respective third parties. disclaimer Bazaar, 2013, http://resources.bazaarvoice.com/rs/bazaarvoice/images/ 201202_Millennials_whitepaper.pdf Boston College Center for Work & Family, CreatingTomorrow’s Leaders: the Expanding Roles of Millennials in theWorkplace, Lauren Stiller Rikleen, 2011, http://www.bc.edu/content/dam/files/centers/cwf/pdf/BCCWF%20EBS-Millennials%20FINAL.pdf Forbes, May 2012, Generation Gap How Technology Has Changed How We Talk About Work, http://www.forbes.com/sites/ciocentral/2012/05/16/generation-gap-how-technology-has-changed-how- we-talk-about-work/ MrYouth, 2013, http://www.howcoolbrandsstayhot.com/2012/01/23/meet-the-class-of-2015/] Jason Ryan Dorsey, Y-SizeYour Business: How GenY Employees Can SaveYou Money and GrowYour Business (Wiley, 2009) Jeff Fromm & Christie Garton, MarketingTo Millennials: Reach the Largest and Most Influential Generation of Consumers Ever (NewYork: Barkley Inc, 2013) Barkley, The Boston Consulting Group (BCG), and Service Management Group (SMG), 2011-2013

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