Youth more op­ti­mistic about eco­nomic growth – Re­port

Daily Trust - - YOUTHVILLE - From Mo­hammed Shosanya, Lagos

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.”

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