The New Face Of Leadership: How Young Leaders Are Redefining Success

This new generation of leaders/SME owners is imprinting their own values on the business world and changing old rules. They are lovers of meritocracy, social networking, grass-roots participation, on-demand approaches, mixing work and play, and being connected at all times. They hate titles, structures, and expert-led learning. Unlike their predecessors they are far more likely to feel comfortable incorporating open people practices from day one of their businesses, such as open-book management (44%), profit-sharing plans (32%), formalized flex time (32%), bonuses for individual performance (84%), and formal telecommuting programs (18%) (Profit report on Canada's emerging companies).