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No sunk costs - the joy of walking away

#DailySignals - Your 2 minute preview of the (post-loyalty) future

Today's signal looks at one of the key insights from last week's Youth Day innovation immersion tour with Flux Trends - specifically how #GenerationZ is a "no sunk costs" generation - that is how they have no regrets about walking away from relationships, jobs or brands that are no longer serving their interests. (This was a point also highlighted by Ronen Aires from Student Village in his new book, Breach.) In other words, how loyalty is now about the present and the future value exchange - not about the past.

What do you think? How can we find a middle ground between loyalty and walking away from bad investments?

How can companies justify demands for customer or employee loyalty? (What can you credibly offer in exchange?)

Is this a sign of impatience or wisdom? (or both?)

(By the way, if you are curious about our intensive innovation immersions - do get in touch at connected@fluxtrends.co.za. They are really something special and deeply, not superficially transformational, for both you and your business.)

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Read more:

  • Breach : https://www.dailymaverick.co.za/article/2022-11-09-breach-how-the-next-generation-are-consciously-disrupting-the-world-by-ronen-aires/

  • 1 in 4 quitters : https://www.businessinsider.com/gen-z-stressed-burned-out-want-to-quit-great-resignation-2022-5

  • Flux Trends tailored innovation immersion tours : https://www.fluxtrends.com/innovation/index.html

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Authors
Bronwyn Williams