scholarly journals The Millennials’ Effect: How Can Their Personal Values Shape the Future Business Environment of Industry 4.0?

2019 ◽  
Vol 65 (1) ◽  
pp. 57-65 ◽  
Author(s):  
Rok Črešnar ◽  
Senta Jevšenak
Keyword(s):  
Personal Growth ◽  
Industry 4.0 ◽  
Personal Values ◽  
Business Environment ◽  
Value Orientations ◽  
Openness To Change ◽  
The Future ◽  
Self Transcendence ◽  
Self Protection ◽  
Future Business

AbstractThe 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 freedom from anxiety, emphasizing self-transcendence and openness to change, than toward self-protection and anxiety avoidance, understating conservation and self-enhancement values. These cognitions can have significant implications in shaping the future business environment of Industry 4.0, as it can become more open, understanding, collaborative, accepting, and generally more supporting, thus creating the evident millennials’ effect. Even though millennials are in general well prepared for the future business environment, organizations will have to, in order to retain the millennials, reshape their current organizational environment to better reflect the millennials’ views.

scholarly journals Understanding Future Leaders: How Are Personal Values of Generations Y and Z Tailored to Leadership in Industry 4.0?

2020 ◽  
Vol 12 (11) ◽  
pp. 4417 ◽  
Author(s):  
Rok Črešnar ◽  
Zlatko Nedelko
Keyword(s):  
Industry 4.0 ◽  
Personal Values ◽  
Value Theory ◽  
Negative Effects ◽  
Openness To Change ◽  
Multicultural Environment ◽  
Conservation Values ◽  
Future Leaders ◽  
Self Transcendence ◽  
The Impact

This study combines two main challenges for organizations today, as it examines the alignment between personal values of future leaders and the values needed in the Industry 4.0 workplace. Based on the movement of the organizational environment toward a more multidisciplinary, open, collaborative and multicultural environment, we presuppose that the Industry 4.0 workplace requires a more benevolent, universally oriented and generally self-transcended leaders. Drawing upon Schwartz’s value theory, we examine the impact of Generations Y and Z’s personal values on their leadership inclination. The results from the survey of 371 young participants from Generations Y and Z reveal that self-enhancement (i.e., power and achievement), openness to change and conservation values most significantly affect leadership inclination. Meanwhile, benevolence, universalism and general self-transcendence values—cornerstones of the Industry 4.0 workplace—show negative effects on leadership inclination in the frame of the Industry 4.0 workplace. This indicates a poor fit between the values of future leaders and the values of the Industry 4.0 workplace. These findings have significant implications for human resource management in future organizations and contribute to the understanding of future leaders. In addition, the findings can help organizations to manage sustainable workings in an Industry 4.0 environment.

scholarly journals Changes in Personal Values in Pandemic Times

2021 ◽  
pp. 194855062110240
Author(s):  
Ella Daniel ◽  
Anat Bardi ◽  
Ronald Fischer ◽  
Maya Benish-Weisman ◽  
Julie A. Lee
Keyword(s):  
Longitudinal Data ◽  
Environmental Conditions ◽  
Adaptive System ◽  
Personal Values ◽  
Psychological Theory ◽  
Higher Order ◽  
Value Change ◽  
Openness To Change ◽  
Conservation Values ◽  
Self Transcendence

The COVID-19 pandemic has had immense impact on people’s lives, potentially leading individuals to reevaluate what they prioritize in life (i.e., their values). We report longitudinal data from Australians 3 years prior to the pandemic, at pandemic onset (April 2020, N = 2,321), and in November–December 2020 ( n = 1,442). While all higher order values were stable prior to the pandemic, conservation values, emphasizing order and stability, became more important during the pandemic. In contrast, openness to change values, emphasizing self-direction and stimulation, showed a decrease during the pandemic, which was reversed in late 2020. Self-transcendence values, emphasizing care for close others, society, and nature, decreased by late 2020. These changes were amplified among individuals worrying about the pandemic. The results support psychological theory of values as usually stable, but also an adaptive system that responds to significant changes in environmental conditions. They also test a new mechanism for value change, worry.

The Importance of Behavior and Personal Values for Managers' Attitudes Towards Innovativeness

2017 ◽  
pp. 164-182 ◽  
Author(s):  
Zlatko Nedelko ◽  
Maciej Brzozowski
Keyword(s):  
Personal Values ◽  
Mediating Effect ◽  
Management Behavior ◽  
Openness To Change ◽  
Schwartz Value Survey ◽  
Self Transcendence ◽  
Development Paths ◽  
European Economies ◽  
The Impact

The main purpose of this paper is to examine the impact of prevalent management behavior on management attitudes about creativeness and innovativeness, while also considering the impact of personal values, in three Central European economies, having different development paths, namely Slovenia, Austria, and Poland. Personal values are measured using Schwartz value survey, using openness to change, conservation, self-transcendence and self-enhancement value dimensions. Results reveal that manager's behavior significantly influences on manager's attitudes regarding innovativeness, in all three countries. The impact of personal values on shaping management behavior and manager's attitudes toward innovativeness is significant only in few instances in Austrian sample, while in Slovenia and Poland it is insignificant. Regarding the mediating effect of managers' personal values on the association between management behavior and their creativeness, our results reveal marginal role of personal values.

New Generation of Productive Workers

2021 ◽  
pp. 1632-1646
Author(s):  
Rok Cresnar
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Personal Values ◽  
Business Environment ◽  
Mediating Effect ◽  
Employee Productivity ◽  
Competency Models ◽  
Modern Business ◽  
New Generation

The main purpose of this chapter is to consider how can the millennials' personal values impact employee productivity in the future organizational environment of Industry 4.0. In the modern business environment, major changes are happening in many fronts. On one hand, we have the phenomenon of digitalization and Industry 4.0, and on another hand, we see that the millennials are rapidly taking over important roles and positions in those organizations that are impacted by digitalization. If we consider the notion that the new industrial revolution behind Industry 4.0 will be based on major improvements in productivity due to the mediating effect of a technological revolution, then the role of employee productivity or better say the millennials' productivity will be paramount. This chapter shows that based on deep analysis of millennials' personal values worldwide, the millennials hold prominent personal values, which correspond well with Industry 4.0 readiness and competency models, meaning that they can significantly impact the productivity of an organization.

Influences on the intention to buy organic food in an emerging market

2017 ◽  
Vol 35 (7) ◽  
pp. 858-876 ◽  
Author(s):  
Emerson Wagner Mainardes ◽  
Diana Von Borell de Araujo ◽  
Sarah Lasso ◽  
Daniel Modenesi Andrade
Keyword(s):  
Purchase Intention ◽  
Emerging Market ◽  
Personal Values ◽  
Organic Food ◽  
Content Type ◽  
Openness To Change ◽  
Intention To Purchase ◽  
Significant Relationships ◽  
Self Transcendence ◽  
The Relationship

Purpose The purpose of this paper is to investigate the relationship between personal values and attitudes in an emerging market. And the authors verified whether the attitude plays a mediating role between personal values and the intention to purchase these products in the same market. Design/methodology/approach Two surveys were conducted with consumers of organic food in Brazil. The first study was conducted at two organic products fairs and obtained 385 responses. The second study was conducted on the internet and obtained 270 responses. The Portrait Values Questionnaire 21, plus attitude scales and purchase intent regarding organic food, was used. Data were analysed using structural equation modelling. Findings Significant relationships were found between personal values, such as openness to change (positive influence), conservation (positive), self-promotion (positive) and self-transcendence (negative). Significant relationships were also found between three personal values and the purchase intention of organic food (conservation – positive, self-promotion – positive and self-transcendence – negative), with all of them being mediated by attitude. The effect of openness to change on purchase intention was indirect, being mediated by attitude. Originality/value The authors noticed two theoretical gaps. The first involves the need to explore the attitude as a mediator in the relationship between the human values proposed by Schwartz (1992, 1994) and the intention to purchase organic food. Another perceived gap was pointed out by Steenkamp et al. (1999), Burgess and Steenkamp (2006) and Sheth (2011). These authors argue that consumption is different in emerging markets to that in more mature markets. This limits the ability to generalise consumer studies conducted in developed countries. This reasoning also applies to organic food.

Cost Engineering for the Future Business Environment

2000 ◽  
Vol 20 (1) ◽  
pp. 83-92
Author(s):  
Brian Hilton ◽  
Andrew Williamson
Keyword(s):  
Business Environment ◽  
Cost Engineering ◽  
The Future ◽  
Future Business

scholarly journals Explaining Variation in Parents' and Their Children's Stress During COVID-19 Lockdowns

2021 ◽  
Vol 12 ◽  
Author(s):  
Theo Toppe ◽  
Roman Stengelin ◽  
Louisa S. Schmidt ◽  
Naiera Amini ◽  
Nils Schuhmacher
Keyword(s):  
Online Survey ◽  
Personal Values ◽  
Media Consumption ◽  
Substantial Variation ◽  
Community Size ◽  
Openness To Change ◽  
School Aged Children ◽  
Family Constellation ◽  
Education Community ◽  
Self Transcendence

The coronavirus pandemic poses a substantial threat to people across the globe. In the first half of 2020, governments limited the spread of virus by imposing diverse regulations. These regulations had a particular impact on families as parents had to manage their occupational situation and childcare in parallel. Here, we examine a variation in parents' and children's stress during the lockdowns in the first half of 2020 and detect the correlates of families' stress. Between April and June 2020, we conducted an explorative online survey among n = 422 parents of 3- to 10-year-old children residing in 17 countries. Most participants came from Germany (n = 274), Iran (n = 70), UK (n = 23), and USA (n = 23). Parents estimated their own stress, the stress of their own children, and various information on potential correlates (e.g., accommodation, family constellation, education, community size, playtime for children, contact with peers, media consumption, and physical activity). Parents also stated personal values regarding openness to change, self-transcendence, self-enhancement, and conservation. The results indicate a substantial variation in the stress levels of families and their diverse reactions to regulations. Media consumption by children commonly increased in comparison to the time before the pandemic. Parents raising both pre-school- and school-aged children were at a particular risk of experiencing stress in response to regulations. Estimated stress and reactions varied with the age of children and the personal values of parents, suggesting that such variables need to be considered when implementing and evaluating regulations and supporting young families in the current and future pandemic.

scholarly journals Values that Underlie and Undermine Well–Being: Variability across Countries

2017 ◽  
Vol 31 (2) ◽  
pp. 187-201 ◽  
Author(s):  
Florencia M. Sortheix ◽  
Shalom H. Schwartz
Keyword(s):  
Cultural Context ◽  
Well Being ◽  
Subjective Well Being ◽  
Personality Psychology ◽  
Individual Level ◽  
Openness To Change ◽  
Conservation Values ◽  
Self Transcendence ◽  
Context Shapes ◽  
Self Protection

We examined relations of 10 personal values to life satisfaction (LS) and depressive affect (DEP) in representative samples from 32/25 countries ( N = 121 495). We tested hypotheses both for direct relations and cross–level moderation of relations by Cultural Egalitarianism. We based hypotheses on the growth versus self–protection orientation and person–focus versus social–focus motivations that underlie values. As predicted, openness to change values (growth/person) correlated positively with subjective well–being (SWB: higher LS, lower DEP) and conservation values (self–protection/social) correlated negatively with SWB. The combination of underlying motivations also explained more complex direct relations of self–transcendence and self–enhancement values with SWB. We combined an analysis of the environmental context in societies low versus high in Cultural Egalitarianism with the implications of pursuing person–focused versus social–focused values to predict how Cultural Egalitarianism moderates value–SWB relations. As predicted, under low versus high Cultural Egalitarianism, (i) openness to change values related more positively to SWB, (ii) conservation values more negatively, (iii) self–enhancement values less negatively and (iv) self–transcendence values less positively. Culture moderated value–SWB relations more weakly for DEP than for LS. Culture moderated value–LS relations more strongly than the socio–economic context did. This study demonstrates how the cultural context shapes individual–level associations between values and SWB. Copyright © 2017 European Association of Personality Psychology

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