Many businesses today are striving to innovate and ensure their success. While some manage to progress and achieve their objectives, others fall short. As per Jeff Fromm, an executive vice president at Barkley, the majority of trends in business sustainability and creativity are driven by the younger generation, namely Gen Z. This implies that the impact of Gen Z on startups is significant, and we’ll delve into how their influence is shaping businesses as we move forward.
Understanding Gen Z
Gen Z is recognized as digital natives, born in an era when the internet and mobile technology began to flourish rapidly. A report by the World Economic Forum suggests that by 2025, Gen Z will constitute one-third of the global workforce. This indicates that Gen Z is essentially the future of the global workforce and economy.
Undeniably, Gen Z’s presence in the workforce is growing, bringing a tech-centric mindset to businesses. This tech-first approach of Gen Z is primarily responsible for digital transformation in businesses and causing more disruption in workplaces than previous generations. As Gen Z is a generation that has grown up with the internet, they are spearheading many strategies to shape the future of businesses. Therefore, if you’re a startup owner aiming to attract and retain top talent, understanding how Gen Z operates is crucial.
The Role of Gen Z in Shaping Startups
It’s clear that Gen Z is quickly becoming a significant demographic in the workplace, thereby having a substantial influence on startups. Startups with a majority of Gen Z employees need a clear purpose and direction that resonates with these younger employees.
Let’s now explore the influence of Gen Z and how they are shaping startups.
