Effective leadership is the most critical factor for organizational success in the 21st century, and the old pyramid structure of fear and intimidation is dead and gone. In that system, employees came to work, did their jobs, collected wages, and went home. Leading by fear and intimidation was the order of the day and there was a physical and emotional distance between leaders and employees.
Millennials are changing this and if you don't accept the fact that in the next 10 - 15 years, our workplace will be completely different, your organization will get left behind. Many companies are still operating with this ideology where communication is stagnated; silos are the order of the day, and leaders have a vested interest in building bureaucracy and protecting the status quo. When you understand that leadership is all about inspiring and building people confidence to perform at heights they never imagine, your company will be among the best in the world.