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Inside the Multi-Generational Family BusinessWimpY Gen Y

Inside the Multi-Generational Family Business: WimpY Gen Y [As parents, it’s hard to get it right. Here in the United States, we’ve gone from communities with no locked doors and children out on the streets at all hours, to a nation with a sharp focus on seat belt laws, cell phones for everyone from an early age, and other safety measures. Of course some of these are necessary and good. But the intensity surrounding the need to protect our children from life’s hazards—both physical and emotional—also has significant negative consequences for everyone. Those taking a hard line on the issue have even labeled the country a “Nation of Wimps,” based on the youngest generation’s inability to do things for themselves—from schoolwork to job responsibilities. It’s an especially big challenge for the Gen Y cohort, or Millennial. Naturally these trends represent major challenges for family businesses, where each generation has to be able to step up to lead and take on major responsibilities. Ironically, the very people who depend on later generations to take responsibility are often the ones who’ve made it hard for them to do that in the first place: the parents, or earlier generation.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Inside the Multi-Generational Family BusinessWimpY Gen Y

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References (1)

Publisher
Palgrave Macmillan US
Copyright
© Palgrave Macmillan, a division of Nature America Inc. 2011
ISBN
978-0-230-11184-4
Pages
155 –170
DOI
10.1007/978-1-137-51101-0_10
Publisher site
See Chapter on Publisher Site

Abstract

[As parents, it’s hard to get it right. Here in the United States, we’ve gone from communities with no locked doors and children out on the streets at all hours, to a nation with a sharp focus on seat belt laws, cell phones for everyone from an early age, and other safety measures. Of course some of these are necessary and good. But the intensity surrounding the need to protect our children from life’s hazards—both physical and emotional—also has significant negative consequences for everyone. Those taking a hard line on the issue have even labeled the country a “Nation of Wimps,” based on the youngest generation’s inability to do things for themselves—from schoolwork to job responsibilities. It’s an especially big challenge for the Gen Y cohort, or Millennial. Naturally these trends represent major challenges for family businesses, where each generation has to be able to step up to lead and take on major responsibilities. Ironically, the very people who depend on later generations to take responsibility are often the ones who’ve made it hard for them to do that in the first place: the parents, or earlier generation.]

Published: May 17, 2017

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