VN Gen-Zers believe they will be the best leaders compared to previous generations

In Vietnam, Gen-Zers make up one-seventh of the country’s population. Born between 1995 and 2015, they exist in a world where the line of the physical and digital world is blurry at best. They start to emerge and become leaders in the future. 

VN Gen-Zers believe they will be the best leaders compared to previous generations

Adecco Vietnam’s first edition of CEOs in 2050 Survey has been released, focusing on Generation Z – the main labour workforce in the future.

The study investigates the top skills and qualities future CEOs need to lead, and how they prepare to take the leap.

In Vietnam, Gen-Zers make up one-seventh of the country’s population. Born between 1995 and 2015, they exist in a world where the line of the physical and digital world is blurry at best.

The survey aims to better understand how Gen Z thinks about their role as CEOs in 2050. The results show that 70% agreed CEOs in 2050 still need to be university qualified, reflecting the importance of formal education, while at the same time noting that 66.7% Gen Z believe soft skills will be more important than technical skills.

Essential CEO skills: people management and leadership

Gen Z believes People Management & Leadership are the two most important skills current CEOs need to work on. Additionally, one third think CEOs must possess Emotional Intelligence (28.8%), followed by Creativity (24,3%) and Self-awareness (24.3%).

Looking forward to 2050, Gen Z-ers characterized future CEOs as strong leaders, excellent communicators, and data-driven decision makers. However, data-driven decision making is the skill that Gen Z feels underprepared.

Additionally, more than one third think their current education should help them build up skillset in Negotiation, Agile project management, and Emotional Intelligence.

"Globalisation and technology advancement demand a new leadership style, which requires data-driven decision-making skills and effective people management. Gen Z is a remarkable generation. They are self-conscious about who they are, what they want and which traits they need to enhance for success. Curiosity and fast learning agility are the key drivers for Gen Z to adapt to the ever-changing environment and will bring innovative solutions to the workforce," said Mr. Andree Mangels, General Director of Adecco Malaysia & Vietnam. 

Experiential learning is the future

 

More than half of our future leaders prefer apprenticeships or work-based learning courses to master the above skills. Other non-traditional education options such as training boot camps or e-learning courses also gain popularity (25%). While acknowledging that a university degree is very important for a C-Suite leader in 2050, only 2.7% think focusing on the study at University is beneficial for their soft skills development (Figure 1).

Gen Z is aware of the impact of technological change, political issues and environmental damage

VN Gen-Zers believe they will be the best leaders compared to previous generations

When asked to rate their concerns about external threats to their organisation’s growth prospects in 2050, “Speed of technological change” is the number-one issue identified by 45% Gen Z-ers.

The Adecco market updates reveal a remarkable rising demand in the technology industry, especially in Artificial Intelligence, Business Intelligence and Fintech.

This trend is forecasted to continue in the future, and 20 million of future manufacturing jobs will be replaced by robots in 2030, cited by Oxford Economics.

43% Gen-Zers believe that worldwide climate change and environmental damage will vary, hence generating negative impact on sustainable business growth.

Besides, there is growing anxiety among these young leaders on the uncertainty of politics and regulation (37.8%), followed by high-skilled labour insufficiency (34.2%) and Bribery and Corruption (31.5%) (Figure 2).

 Lastly, 96% of Gen Z foresee themselves becoming the best leaders who create a greater impact on Vietnam than previous generations. 

Q. Khuyen

 
 

Other News

.
Vietnam Airlines resumes several international routes as of mid-July
Vietnam Airlines resumes several international routes as of mid-July
BUSINESSicon  12/07/2021 

Vietnam Airlines announced on July 12 that it will reopen international routes from the country to a number of destinations in Asia, Europe, and Australia between July and October.

Coal conundrum ahead forces Vietnam to rethink priorities
Coal conundrum ahead forces Vietnam to rethink priorities
BUSINESSicon  12/07/2021 

While the pressure on the environment and issues like climate change are increasing, it remains difficult for Vietnamese companies and the government to turn away from fossil fuels completely.

Debt under control thanks to prudent and effective actions
Debt under control thanks to prudent and effective actions
BUSINESSicon  12/07/2021 

Effective usage of the state budget has helped Vietnam succeed in bringing public debt under control since 2016, ensuring national financial security.

Vietnam spends nearly $2 billion importing meat
Vietnam spends nearly $2 billion importing meat
BUSINESSicon  12/07/2021 

Vietnam's total import turnover of livestock products in the first six months of 2021 is estimated at US$1.82 billion, a year-on-year increase of 8.9 per cent.

Businesses adapt to the pandemic, offer workers temporary housing
Businesses adapt to the pandemic, offer workers temporary housing
BUSINESSicon  12/07/2021 

Many businesses and manufacturers are finding ways to adapt to the COVID-19 pandemic, maintaining operations and keeping workers safe.

Bac Lieu prioritises renewable energy
Bac Lieu prioritises renewable energy
BUSINESSicon  11/07/2021 

The Mekong Delta province of Bac Lieu has chosen renewable energy as one of its top priorities, aiming to restructure the economy towards green growth and sustainable development.

Vietnam - top destinations for ASEAN companies looking for growth opportunities
Vietnam - top destinations for ASEAN companies looking for growth opportunities
BUSINESSicon  11/07/2021 

The country continues to offer appealing business and investment opportunities given its strong fundamentals.

Vietnam FTA portal to be upgarded
Vietnam FTA portal to be upgarded
BUSINESSicon  11/07/2021 

The Vietnam Free Trade Agreement Portal (FTAP) with people and businesses at the center of its service is aimed at improving the quality and efficiency of Vietnam's FTAs implementation.

Online investment apps offering choice and clarity
Online investment apps offering choice and clarity
BUSINESSicon  11/07/2021 

The stupendous surge of retail investors across the globe has prompted digitally-led investment applications and online platforms to develop, as they look to automatically optimise their passive indexed portfolios.

E-commerce platforms to be connected with tax agencies from next year
E-commerce platforms to be connected with tax agencies from next year
BUSINESSicon  10/07/2021 

E-commerce platforms must be electronically connected with tax management agencies from the beginning of next year, not from next month, as the tax watchdog aims to better collect taxes from sellers operating on the platforms.

Hoa Phat to boost digital transformation through strategic collaboration with CMC Corporation
Hoa Phat to boost digital transformation through strategic collaboration with CMC Corporation
BUSINESSicon  12/07/2021 

Hoa Phat Group has chosen CMC Corporation as a strategic consulting partner to help accelerate its digital transformation journey in the next 5 years.

Technology comes to aid of HCM City small retailers amid COVID challenges
Technology comes to aid of HCM City small retailers amid COVID challenges
BUSINESSicon  10/07/2021 

Within a few hours of offering to sell vegetables online, Thanh Truc sold out her stocks and had to refuse orders.

Vietnam aims to have 7 world-class state-owned corporations
Vietnam aims to have 7 world-class state-owned corporations
FEATUREicon  12/07/2021 

The world is changing, with many great opportunities opening up for Vietnam.

VN agricultural exports hit record: achievements and worries
VN agricultural exports hit record: achievements and worries
FEATUREicon  12/07/2021 

Amid difficulties and disruptions caused by the Covid-19 pandemic, Vietnam's agricultural exports in the first 5 months of 2021 still reached $22.5 billion, up 30.1% year on year.

Vaccine passport: key for tourism during pandemic
Vaccine passport: key for tourism during pandemic
FEATUREicon  11/07/2021 

A vaccine passport is a new concept mentioned by many countries to open borders.

Industrial development needs State’s long-term vision
Industrial development needs State’s long-term vision
FEATUREicon  10/07/2021 

To develop the processing and manufacturing industry, the State needs to have stronger policies that focus on domestic enterprises. To have strong policies, it needs strong resources.

Vietnam needs more private corporations
Vietnam needs more private corporations
FEATUREicon  10/07/2021 

After over 30 years of Doi Moi (reform), Vietnam has had large private groups operating in many industries with international stature. There are also Vietnamese USD billionaires, but only a handful.

Vietnam should not be slow in opening its door: economists
Vietnam should not be slow in opening its door: economists
FEATUREicon  10/07/2021 

Prime Minister Pham Minh Chinh has said that Vietnam should not adjust the development goals and agrees with the two GDP growth scenarios designed by the Ministry of Planning and Investment (MPI).

Lychees and the agricultural revolution in Vietnam
Lychees and the agricultural revolution in Vietnam
FEATUREicon  09/07/2021 

Farmers in the northern province of Hai Duong have earned revenue of VND1,600 billion in the lychee season this year, the highest ever. 

Stock market continues to draw new investors
Stock market continues to draw new investors
BUSINESSicon  12/07/2021 

Cash flow from individuals and businesses deposited in banks at low interest rates has been increasing gradually, while capital mobilization in the securities sector has also been quite active.

 
 
 
Leave your comment on an article

OR QUICK LOGIN