Multigenerational Financial Values: Differences Between Leaders in the Workplace

• Main Author: Ransom, Terrence S.
• Format: Others
• Language: en
• Published: ScholarWorks 2017
• Subjects: Baby Boomers; Financial Values; Generation X'ers; Millennials; Multigenerational; Traditionalists; Finance and Financial Management
• Online Access: https://scholarworks.waldenu.edu/dissertations/4168; https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=5271&context=dissertations

Company leaders in the workplace represent all generations with diverse values, and those values influence their financial decisions in the workplace. The problem is that multigenerational company leaders and their employees possess different values from one another, which in turn creates different financial priorities for the company. The purpose of this qualitative study was to gain a better understanding of how the financial values of company leaders from different generations are developed, and how those values influence their financial decisions in the workplace. The key research question for this qualitative study examined how the financial values and decisions of company leaders in the workplace differ from their fellow company leaders from a different generation. This study assessed the different motivations for financial decision making by the multigenerational managers in the workplace. Semi-structured interviews and notes from direct observation of 10 multigenerational managers coupled with the analysis compiled from qualitative research software showed that most managers possessed similar financial values and made similar financial decisions, regardless of their generation. The findings also showed that the financial values of the participants were developed at an early age, which influenced their financial decision-making in the workplace. These results could lead to positive social change by gaining a better understanding of the motivations for financial values and financial decisions made in the workplace.