Individuals with latent leadership potential, regardless of their field of expertise, can be developed to become successful leaders. For decades, people have been debating whether great leaders are born or made. Graduates in management are frequently employed and hold leadership roles in some of the world's most recognizable multinational corporations in a variety of sectors. Graduates with entrepreneurial attitudes launch their own businesses and define success on their own terms.

Future leaders must be groomed at a far early age than previously assumed. Organizations are investing time and money in educating tomorrow's leaders to guarantee that leadership positions are handled by experts with the necessary skills and clear objectives. Good leaders are essential resources for every business, not only because they contribute to its success, but also because they inspire innovation, provide a positive work atmosphere, and mentor newcomers. There has never been a more pressing need for leadership development. Companies of all types recognize that in today's turbulent, unpredictable, complicated, and ambiguous environment, they require leadership qualities and organizational competencies that are distinct from those that helped them thrive in the past.

For many businesses, leadership development is a top priority. According to a recent poll of 1,500 learning and development experts, 14 per cent of American organizations spend between $8,000 and $10,000 per year per person on leadership development, with 65 per cent spending $5,000 or less. Only two out of every five firms, on the other hand, think they are creating leaders in a way that helps the company. Despite the organization's strong focus on leadership development, only half of 734 millennials polled by Harvard thought their company's leadership development programmes were in line with its business needs. The ability of a company to provide value is its competitive edge. Technology, goods, services, and systems are used to create value by using and optimizing knowledge. The capacity for a firm to link this to internal innovation and partner resources to stay competitive in today's business climate is linked to this vital aspect. Understanding the unique social and historical backdrop of millennials is crucial for firms wanting to acquire, develop, and retain productive employees since they make up an increasingly big share of the current workforce. "Today's workforce is dominated by millennials," said Dianne Greene, ADP's VP Diversity and In[clusion Strategy and Operations.

A shift in labour demographics is now affecting all organizations. Millennials have entered the workforce and, in growing numbers, are heading divisions or even whole enterprises. As a result, communication is an important factor to consider while working with millennials. Firms must stay in touch with and adapt to the communication methods that this generation of leaders expects. To win the attention of millennials, corporate efforts and communications between the business, its workers, and the rest of the world should reflect this belief, which should be mirrored to incorporate activities and communications between the business, its employees, and the rest of the world. The majority of the workforce is made up of millennials, with more than 50% in management roles.

According to 2015 research, ninety-one per cent of young people want to be leaders. Millennial leaders like Mark Zuckerberg, Daniel Ek, Greta Thunberg, and a slew of others have done exactly that, leaving their imprint on countries all over the world, for better or worse. Furthermore, now that they make up a higher percentage of the workforce, it's inevitable that they have an impact on leadership. Companies who are able to adapt to these new demands will be the most successful in the end.

Keeping the above-mentioned need for millennials in mind, MDI Gurgaon has launched the Young Leaders Programme which seeks to develop tomorrow's leaders who can flourish with their entrepreneurial mentality, build and run their own firm or organization, and present their ideas at prestigious venues.