It is here that ‘new generation’ managers may have a role more demanding than that of the managers of yesteryears. A role which calls for more than just ‘probity and prudence’ which characterized the banker of yesteryears and increasingly focuses on managing ‘competing imperatives’. What do we mean by a new generation? How is the new generation different from the old?
What has changed and is changing? And does it matter? In the context of time measurement, a generation refers commonly to a period of about 23 to 30 years, in which most humans become adults and have children. In another sense, the term generation refers to a common identity arising from common experience.