According to trendwatching.com, G stands for “generosity” not “greed”. Here’s their definition of Generation G:
“Captures the growing importance of ‘generosity’ as a leading societal and business mindset. As consumers are disgusted with greed and its current dire consequences for the economyand while that same upheaval has them longing more than ever for institutions that carethe need for more generosity beautifully coincides with the ongoing (and pre-recession) emergence of an online-fueled culture of individuals who share, give, engage, create and collaborate in large numbers. In fact, for many, sharing a passion and receiving recognition have replaced ‘taking’ as the new status symbol. Businesses should follow this societal/behavioral shift, however much it may oppose their decades-old devotion to me, myself and I.
I highly recommend reading the entire articlebut for the time challenged, here are a few themes and highlights:
1. Consumer Disgust: The current financial meltdown has led consumers to be more disgusted than ever(if thats even possible) with greedy corporate execs who just dont care. The financial crisis was the straw that broke the camel’s back: consumers negative and raw emotions stem from too many brands who decided to stop caring a long time ago. In most cases, this starts at the top, with share-price-obsessed execs not generous to (or caring for) their employees, who in turn stop giving a damn about actual customers*.
2. Longing for Institutions that Care: And yet…the need for the opposite of greed (that would be generosity!) is never greater than in challenging times. Challenging times see people craving care, empathy, sympathy and generosity.
3. For individuals, giving is already the new taking, and sharing this the new giving: GENERATION G isn’t about anger and recessions: the larger and more lasting trend is passionate, empowered individuals (if not entire generations) being more willing and able to give, to share, to collaborate; to be more generous in many ways.