How millennials can become CEOs, 'unicorn' founders

Cathy Yang, ABS-CBN News

Posted at Feb 07 2018 02:16 PM | Updated as of Feb 07 2018 02:56 PM

MANILA - Millennials should go outside their comfort zone to become bosses in the future, either with big corporations or of their own "unicorns" or technology startups, a leadership trainer said Wednesday.

Millennials are "a dream for employers" because they want to get their jobs done "in a more condensed time frame," said Center for Creative Leadership CEO John Ryan.

"We need to seek these opportunities that are outside our comfort zones. That’s how you learn the most. That’s how you accelerate your development," said Ryan, a retired US Navy admiral who has trained senior executives for Jollibee and San Miguel Corp.

"They should chase what they want to chase. They want to chase that startup. That’s what we should encourage them to do.

All these men and women need experiences to get there," Ryan said in an exclusive interview with ANC's The Boss.

One famous Filipino millennial is technology entrepreneur Garrett Gee, who sold his scanning app to Snapchat for $54 million then reinvented himself as an "adventure journalist," traveling the world with his family.

Center for Creative Leadership CEO John Ryan speaks to Cathy Yang for ANC's The Boss

Bosses who deal with millennials should "reverse the pyramid" by providing short-term feedback instead of annual performance reviews, he said.

"The thing most discouraging to me is that many times, young men and women said ‘I'm not quite ready for this role’, they need to understand they’ll never be ready for that role, if someone is saying ‘I think you can do this,’ you should do it," he said.

Some 70 percent of knowledge is acquired on the job, 20 percent from mentors and role models, and 10 percent from the classroom, he said.

"We’re trying to procure future-ready leaders that are not just good today but ready for everything that will come our way, he said.

Watch full episodes of The Boss on ANC and iWantTV