Youth more optimistic about economic growth – Report
Next generation leaders are more optimistic than CEOs about economic growth, but more pessimistic about cyber security, education and trust in business, a new report by Price Water Cooper in and the International Association of Students in Economic and Commercial Sciences (AIESEC) has said.
The research compares the results from PwC’s Annual Global CEO Survey with the views of young AIESEC leaders under the age of 30 from across 104 countries and examines where they agree and disagree, what the implications are for companies looking to attract the best young talent and what today’s CEOs can learn from those who will most likely succeed them.
It said 60% believe economic growth will improve over the next 12 months, compared to only 27% of CEOs.
There’s also a clear difference in how the two groups perceive risk. Reflecting the struggle many business leaders face in shifting from a short term to long term outlook, CEOs ranked their top three concerns as over-regulation, geopolitical uncertainty, and exchange rate volatility.
However, AIESEC respondents took a more long term view, believing CEOs should be more concerned about longer term issues of social instability, climate change and environmental damage, and unemployment.
The survey finds that both generations agree that business success in the 21st century will be defined by more than just financial profit.
Partner and PwC Experience Leader, PwC Nigeria, Omobolanle Adekoya said, “Tomorrow’s leaders look for opportunity but they are not naïve about risk. It’s important to focus on the pipeline of leaders for tomorrow, while continuing to develop the skills and capability of the workforce of today.”
Asserting, President of AIESEC International 20152016, Ana Saldarriaga said: “AIESEC leaders - and generally young people today - are very purpose-driven. This is further underlined through the findings of AIESEC’s Survey. Featuring more than 200.000 responses to date, the survey outlines the three motivations of youth globally: family, purpose in life and love.”