Fundamentals of Management, 8th ed

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Part 1: An Introduction to Management

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work their highest priority. Thus, they put in long hours and could be expected to

remain loyal to the company, regardless of what happened.

But younger people entering the workforce over the past 20 to 30 years are frequently

quite different from their parents and other older workers. Generation X, Generation Y,

and the Millennials, as these groups are called, tend to be less devoted to long-term

career prospects and less willing to adapt to a corporate mindset that stresses conformity

and uniformity. Instead, they often seek work in smaller, more entrepreneurial firms that

allow flexibility and individuality. They also place a premium on lifestyle preferences,

often putting location high on their list of priorities when selecting an employer.