Which leadership style suits Gen Y the best???

Gen Y or Millennials or Youngistan[in the Indian context] seems to be capturing the thoughts of various thought leaders like never before.

They are the 'maximum' in terms of the number and also in terms of the impact which they collectively create in Corporate India. Today they are more prominently creating impact in managerial or executive level. But soon they would be holding leadership positions. Hence, it's extremely important to understand them and the possible leadership style they would adopt for success.

I myself belong to that generation and would present the following observations about my generation as an insider[These are pure assumptions and intuitive in nature]:

• We are impatient...
• We prefer following our passion...
• We aim for prosperity rather than security...
• We look for recognition and fame...
• We love doing transformational activities rather than transactional activities...
• We do not readily approve of hierarchies...
• We look for logic in most of our activities...
• We love having some serious fun....

Considering the few points above, I believe that when Gen Y will gain prominence in leadership positions, it will have the following implications:

• They themselves will be dealing with subordinates who will be having humongous desire for transformational activities.
• They will be required to sincerely try and infuse transformational element in every transactional work of their subordinates.
• They will have to clearly communicate to their team members on how each of their activities would play a transformational role in business.
• The Gen Y leader must know that 'putting right people in right job' will gain greatest relevance than ever before. He has to correlate the team member and his passion.
  
• The Gen Y leaders need to be 'FUNNY'.
  
• They must learn how to set their team members or subordinates free and yet exercise a subtle but effective control over them.
• He has to be the sounding board of his team members and must keenly listen to their ideas and feedback.

So is it going to be autocratic style or democratic style or free rein????

I do not have the answer. You got to ask someone more intelligent but this post might help ;-)