How Generation X Changed Business and Management

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Abstract The purpose of this paper is to show how Generation X has entered the workforce which has defined its processes and procedures around the Baby Boom and the Silent Generation. Generation X was raised differently than the generations before them and have achieved higher levels of education, independence and technical savvy, because of that “business as usual” does not satisfy them. Researching what fulfills the needs of generation X, clearly points to changes that have occurred and need to occur in the way managers run their businesses. These changes include implementing work-life balances, rewards and promotions, and creating environments that challenge and utilize their unique independent and creative spirits. While much has been accomplished by organizations, there is still much that needs to be done now and in the future. How Generation X Changed Business and Management Generation X has often been characterized as a lost generation full of apathetic individuals with a distain for authority and the established way of life, yet they are the ones redefining business. The 51 million members of Generation X aged 47 to 36 are firmly entrenched in the American business and have forced the Baby Boomer way of managing and rewarding workers to take an early retirement. History Generation X is a term for a group of people born between the early 1960’s to the late 1970’s, generally from 1965 to 1978, but other sources range from 1961 to 1981. Generation X is the offspring of the depression era Baby Boomer generation. The origin of the term Generation X varies just as much as the exact date ranges that contains them. Generation was first used as a title for a 1952 photo essay in the Holiday magazine with the describing the generation as " the youngsters who have seen and felt the agonies of the past two decades, who are trying to keep their

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