2019
DOI: 10.2478/ngoe-2019-0005
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The Millennials’ Effect: How Can Their Personal Values Shape the Future Business Environment of Industry 4.0?

Abstract: The main purpose of this paper is to assess a possible impact millennials will have on the future business environment of Industry 4.0, based on their personal value orientations. Millennials are taking over important roles in organizations, but their personal values are significantly different from those of older generations. This paper shows that, based on the Schwartz's value survey with N=371 Slovenian respondents, millennials are in general more inclined toward values connected to personal growth and free… Show more

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Cited by 24 publications
(21 citation statements)
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“…13,35 First, this seems typical of Millennials (people born between 1981 and 1996), mainly represented in our cohort of students at the time of data collection, who—also in other studies—valued more Benevolence, Self-direction, Hedonism, and Universalism. 31 However, in previous studies, Self-enhancement values (Power and Achievement) were inversely correlated with age 36 showing that these findings might be peculiar of nursing students who exhibit a pattern different from the general population, as suggested by previous studies. 17 Second, it seems that Self-enhancement values are linked with authoritative leadership, 37 and people who express Self-enhancement seem to have low interpersonal relationships and low performance.…”
Section: Discussionmentioning
confidence: 74%
See 1 more Smart Citation
“…13,35 First, this seems typical of Millennials (people born between 1981 and 1996), mainly represented in our cohort of students at the time of data collection, who—also in other studies—valued more Benevolence, Self-direction, Hedonism, and Universalism. 31 However, in previous studies, Self-enhancement values (Power and Achievement) were inversely correlated with age 36 showing that these findings might be peculiar of nursing students who exhibit a pattern different from the general population, as suggested by previous studies. 17 Second, it seems that Self-enhancement values are linked with authoritative leadership, 37 and people who express Self-enhancement seem to have low interpersonal relationships and low performance.…”
Section: Discussionmentioning
confidence: 74%
“…To the best of our knowledge, this is the first study that addressed this issue using the theory of basic human values, which has been used extensively in different professional cohorts and countries, allowing international and inter-professional comparisons. 28,31 34 We found that the most important value for nursing students, consistently through the years of nursing school, is Self-transcendence, which focuses on helping others and selflessness. Furthermore, we found that male and female students had significant differences in their higher ranked values.…”
Section: Discussionmentioning
confidence: 94%
“…Based on the fact that Industry 4.0 is focused on teamwork, openness and mutual understanding, we can talk about the greater favor of the new business environment to millennials. At the same time, the personal orientations of the new generation can cause changes in the future business environment that will reflect more progressive beliefs and attitudes [6].…”
Section: Resultsmentioning
confidence: 99%
“…They also represent an individual's implicit or explicit desires, which can influence the type of means or actions that the individual will select to accomplish his or her goals [42]. By extension, they can be taught of as a cognitive filter [43].…”
Section: Personal Valuesmentioning
confidence: 99%