Memories… •What are the significant world events that you remember? •Please write them down RED Forum Generation Z – Do they walk amongst us? Keith Penhall Red River College, Winnipeg, Manitoba, Canada Marketing Educators Association Conference – April 2014 RED Forum Generation Z – They walk amongst us… •Keith Penhall • RED Forum – May 2016 RED Forum Generations… • Radio Generations – WW2 and Silent generations – pre-1945 • Baby Boom Generation – 1946 – 1964 • Generation X – 1965 – 1980 • Millennial Generation – 1980 – 2005-7 • Generation Y – 1980 – 1991 • Generation Z – 1992 – 2005-7 RED Forum Radio Generations – 71+ years old • 1 man – 1 woman – for life. • Dad – off to work, at one company till retirement. Could expect to work for same company or industry… maybe one position higher • Mom – raised the kids • Marry young, raise a family – little time for PSE • Impacted by massive world events – Great Depression, WW2, Asian Conflicts – proxy for the Cold War • Significant savers • Transition from rural to urban lifestyle RED Forum Baby Boomers – 70-52 years old • Encouraged to “explore themselves” – stay in school longer • Move for employment, or college experiences • BCPs – control of fertility changed society • First generation of significant divorce rates • Employment opportunities available above the family norm • Take turns; wait, focus, try… play without adults • Cause of inflationary interest rates in 80s • Still able to save • 1st Generation that was marketed to directly RED Forum Gen X – 51-37 years old • 1st Generation kids of divorce – latch-key kids • “The Posse” as family • Stayed in PSE longer, still had difficulty getting career purchase • Mistrust of big organizations – governments, businesses, family • Economic troubles – 70s Oil Embargo, 80s + 90s Recessions • McJobs – career a series of contracts and experiences RED Forum Descriptors… • Radio Generation – Loyalty • Baby Boomers – Self-indulgence • Generation X – Cynical RED Forum Millennials – the magic of demographics • Oldest are now 36ish • Make up approximately 36% of workforce • By 2025 – 75% of workers will be Millennials • High school completion rate is exceptionally high – between 1990 and 2010, drop outs decreased by 40% to just 7% RED Forum The bad news… • 48% of college graduates in work NOT requiring a degree • Examples of – increases of 60% credit card debt and 85% student loan debt – year over year • 4-year school retention rates may be drifting down • 2-year school at the highest level in many years RED Forum Millennial Split… Gen Y and Gen Z • Gen Y – 1980 – 1992 or so • Gen Z – 1992 - ??? ------ likely 2005-07 • Gen A – 2005-07 - ??? RED Forum Gen Y – Life events • Columbine shootings • 9/11 terrorist attack • Afghanistan War – 2001+ • Iraq War – 2003 - ~11 • 2004 Indian Ocean tsunami and earthquake • Dot.com Bubble bursting • China, India, North Korea RED Forum Gen Z – Life events • 2005 – Katrina Hurricane • Virginia Tech Shooting - 2007 • Arab Spring – ~ 2010-12 • Ongoing Iraqi and Afghanistan Wars • Election of first African-American President – 2008 • 2008 – Great Recession • massive property failures, unemployment rates soaring RED Forum Gen Y – 36 – 25 years old • Entitled • Tech savvy • Digital natives • Success driven • Global thinkers • Community minded • Enjoy working in teams RED Forum Gen Z – 24 - ??? Years old • Less “piety” – pray less, but more spiritualism • accepting of common law relationships • Live for “today” • Less savings • Less thrift • Less concern for recycling • More pleasure seeking • Less concern for “Showing up” … meaningful face time preferred RED Forum Millennial Descriptors – self described Generation Y Generation Z Awesome Spoiled Special Entitled Technology users Have to have Technology Connected “Must” connect 2016 additions 2016 additions Lazy Lazy Fearless No work ethic Impulsive Want to please RED Forum My Observations of differences • “Must” respond to technology – texts, FB, etc • Juggling so much – working, delay starting assignments, lack of direction sought throughout “down-time” before due date • 2014 • ~ avg. 18.2 hours a week – 1st year Marketing students (2 sections) • ~ avg. 16.3 hours a week – 2nd year Retailing Mgnt students (2 sections) • 2016 • ~avg. 15.64 hours a week 1st year MKTG students – 97.2% cell phones, 8.94 years avg. (36 resp) • ~avg. 16.87 hours a week 2nd year Interc students - 96.9% cell phones, 10.58 years avg. (33 resp) RED Forum Observations… cont’d • Require detailed steps, rubrics, conversations for assignments • Do not connect attendance with need for information, and expectation that it will be provided • Laddering seems to work, helping to break down cognitive steps • Meet one-on-one, makes a difference – collaborate • Engage with technology…they are going to use any ways • Help find balance RED Forum Strategies I employ • Micro quests for information • More detailed assignment information • More detailed Outlines/Syllabus – or not…. • 2013 – 14 - Major Marketing Plan Assignment broken down into 3 segments • Outline, Draft, Final version • 3 / 9 / 3 = 15% • 2015 – 16 – Less value for the assignment, changed the focus • Many quizzes as prep for midterms, • Greater focus on LEARNING RED Forum The Future… so bad? • Listen, you know this: If there’s not a rebellious youth culture, there’s no culture at all. It’s absolutely essential. It is the future. This is what we’re suppose to do as a species, is advance ideas. • John (Johnny Rotten) Lydon, Sex Pistols RED Forum
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