Millennials overwhelmingly believe that business needs a reset in terms of paying as much attention to people and purpose as it does product and profit. Seventy-five percent of Millennials believe businesses are too fixated on their own agendas and not focused enough on helping to improve society.

Deloitte's fourth global Millennial survey asked tomorrow's leaders, what they think of leadership today, how businesses operate and impact wider society, and which individual characteristics define effective leaders. The survey uncovered several noteworthy gaps: between the ambitions of young professionals in emerging markets and developed markets; and between Millennial men's and women's attitudes and aspirations toward business and leadership; and between Millennials making the most and least use of social media.

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Are you a millennial? What characteristics do you think defines an effective leader? Use the comments section below to share your thoughts.

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