Comparison of Generation X and Generation Y for Leadership Style Preference with the Moderating Role of Legacy Beliefs

Abstract

Each generation has unique characteristics influenced by their respective historical periods. This research has explored the differences in leadership style preferences between generation X and generation Y, taking into account the impact of legacy belief. Legacy belief is an important measure that shows how individuals justify their actions, and become more significant as they progress in their careers. By conducting a survey using random sampling, data was gathered from 304 banking professionals in Islamabad, Pakistan. Results show distinct differences in the leadership approaches of generation X and generation Y, particularly in transactional and transformational styles. It was also found that legacy belief plays a role, with generation X individuals showing more respect for their beliefs. This study highlights the differences in leadership tendencies across generations, contributing to existing research on how they affect organizations and employee performance. Tailored strategies are needed to engage older employees more actively. Additionally, we suggest including Generation Z in generational studies and exploring other factors that can influence generational dynamics in the workplace.