Organizations cannot just turn a blind eye on the increasing number of younger workforce and millennial leaders, coupled with a large number of baby boomers. One of the biggest challenge for leaders today is managing these different personalities while maintaining a strong, productive culture in a diverse environment.
There is a study that shows the current leadership capacity in any organization is insufficient in meeting future leadership requirements. If the younger generation are now given the position to lead your business, there should be a conscious effort to bridge the leadership and management skills gap seen on them. The board room may think that they lack the managerial competencies that will help advance the team to reach your business goals. But they should not deny the promise and potential of these young leaders and managers to know and adapt the current business challenges, and use modern technologies to their advantage.