In today's world society changes at a striking pace. One of the most visible expressions of that is the arrival of new generations with their own distinctive characteristics, views and values. A business that wants to succeed has to take those differences into account in order to engage effectively with a varied range of consumers.
Differences in how the world, technology, social ties and many other aspects of life are perceived make every generation unique. That creates both opportunities and challenges for companies trying to make contact and build trusting relationships with people of different ages.
The aim of this article — is to work out the main characteristics of generations X, Y, Z and Alpha, and to give recommendations for effective business communication with each of those groups.
Table of contents:
Understanding the different generations
In the diversity of modern society every generation represents a unique cultural and social context. For successful engagement in business it is extremely important to understand what motivates different age groups, how they take in information and what they value. In this section we introduce the key characteristics of four different generations and look at how those features can affect your business.
Generation X
Generation X — are people born roughly between 1965 and 1980. The exact range can vary slightly depending on the source. They grew up in the era of the Cold War, the heyday of television and the arrival of the first personal computers.
Behaviour and needs
People of this generation value stability and tend towards loyalty — both in relationships and at work. They are used to traditional forms of communication such as email and telephone calls, but have also adapted to new technology. Unlike younger generations, they care about the quality and functionality of a product, not just how «cool» or popular it is.
The effect on business
For business, Generation X is a valuable audience. These people have already reached a certain level of financial stability and are ready to invest in quality goods and services. Email marketing and traditional advertising work well with them. A car company, for example, can offer them special terms on a purchase with an extended warranty, knowing that for this group quality and reliability are worth their weight in gold.
In this subsection we have looked at the main characteristics and needs of Generation X and at how those features can be used for effective business communication. In the subsections that follow we move on to generations Y, Z and Alpha, so that you can compare them and apply the most effective engagement strategies.