How Generational Differences in Business Influence Financial and Management Decisions
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 10
Abstract
Company leaders in the workplace represent all generations with diverse values, and those values influence their financial and management decisions in the workplace. The problem is that multigenerational company leaders and their employees possess different values from one another, which in turn creates different financial and management priorities for the company. The purpose of this qualitative study was to gain a better understanding of how the financial values of company leaders from different generations are developed, and how those values influence their financial and management decisions in the workplace. The key research question for this qualitative study examined how the financial values and decisions of company leaders in the workplace differ from their fellow company leaders from a different generation, and how those differences influence their financial and management decisions. This study assessed the different motivations for financial and management decision- making by the multigenerational managers in the workplace. Semi-structured interviews and notes from direct observation of 10 multigenerational managers coupled with the analysis compiled from qualitative research software showed that most managers possessed similar financial values and made similar financial decisions, regardless of their generation. The findings also showed that the financial values of the participants were developed at an early age, which influenced their financial decision-making in the workplace.
Authors and Affiliations
Dr. Terrence S. Ransom
Keywords
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- EP ID EP413117
- DOI 10.9790/487X-2010055770.
- Views 61
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