Recent studies have begun showing that millennials do not have much confidence in major institutions. In order to remedy this, institutions will have to begin changing. The organizational model needs to make a change from hierarchy (as it is currently) to networks in order to ensure millennial buy in.
- It seems that ‘millennials’ in America do not have a lot of confidence in their institutions and markets.
- This is not surprising if we look at the major shift in how we humans are organizing, which is only the fourth in history.
- The obsolescence of institutions and markets is a natural effect of the rise of networks, such as the social media platforms that connect these young people.
“Many institutions and market players are seen as obsolete by these networked young people. They cannot relate.”