The impact of social media on the leadership strategies of Generation Y (digital natives) – Challenges and potential.
The present research is focusing on the impact of Web 2.0 practices on corporate culture, more specifically on the leadership strategies of “digital natives” (Prensky, 2001). Web 2.0 is founded on principles such as collective intelligence maximization, transparency of the information creation and sharing process, and network effects (Hoegg et al., 2006). The dynamic creation and sharing of information is promoting interactive corporate practices and the development of Enterprise 2.0. Knowledge is considered as an important source of wealth creation and competitive advantage (Chesbrough, 2006, Tapscott and Williams, 2006). Novel ICT technologies are stimulating transformations within companies based on the ways how knowledge is captured, organized, stored, shared and evaluated among all members, i.e. management, employees, customers… Enterprise 2.0 operates more as a network of autonomous self-controlling teams, moderated by managers, rather than an organisation controlled by a central management unit. Accordingly, management processes and skills are different or expected to change, i.e. give up control, retain leadership (Li, 2010). At the same time, new leadership tasks need to be assumed.
At this point, the present research is analysing the extent to which social media practices of ‘Generation Y (digital natives)’ lead to new forms and practices of management and leadership compared to the ones of former generations. This is the core issue that drives the present study. It will contribute to the current debate about impacts of social media on management practices. It examines to what extent young leaders are handling and implementing web 2.0 philosophies efficiently and effectively within business companies and at management levels.
Researcher: Florian Feltes
The research is conducted in cooperation with Buhr & Team S.A., Dusseldorf (Ger).