Expand on the collaboration with the C-Suite collaboration

Expand on the collaboration with the C-Suite collaboration

In this time of ever-advancing technologies and digital business models, the C-Suite executives tend to consider technology as essential to the future of the financial institutions such as Malvern Bank. A considerable effort to enhance a more collaborative C-Suite can assist the CEO in gaining trust and specific gravitas she requires to facilitate strategic business conversation with her staff members. The C-Suite culture always defined the CEO as the one who was solely responsible for promoting and making strategic decisions and communicating the various tasks to the staff. However, Malvern Bank has C-Suite with multiple roles, such as Chief Finance Officer, Chief Operations Officer, and other C-Suite executives. The CEO suggested that the introduction of the Microsoft Teams would enhance more collaboration among the domains.

Moreover, promoting the use of tech fluency, such as employing Microsoft Teams within the Bank, would significantly assist the CEO in engaging other executive members and managers to enhance collaboration and promote critical initiatives within the organization. The CEO, COO and separate line of business managers can effectively embrace and envision strategic opinions for the future via a more collaborative cooperation among themselves. For instance, the CFO is likely to comprehend the investment concerning the technological solutions and budgeting, such as the financial impact of initiating Microsoft Teams; therefore, the C-Suite’s opportunity needs to facilitate a new technology emphasizing solution.

The obstacles in mentoring 

Monitoring of the Microsoft Teams project for Malvern Bank is essential since it can assist the organization by enhancing benefits; however, the mentoring of the staff may face various obstacles such as problems with open feedback.

Open feedback

Providing open feedback when mentoring staff in using the new technology solutions may tend to be relatively challenging. It will take the CEO to continually guide her staff with the help of other professionals on how to effectively use the new technological solution introduced with the Bank since they may be worried about their unique mode of communication with their boss.

Tracking outcomes

The CEO remarked that she would set her objectives at the start of the implementation of the new solution. However, there can be several looming objectives and reporting of the result of using the Microsoft Teams to manage and communicate with her staff members remotely. By reaching the organization’s objective would indicate the worth of the new change can allow for the continuation of the operation.  The CEO said she would truck the results with her monitoring software and build reports that would assist in measuring the success of the new change. Such reports are compared to the outcomes with the objectives, thus indicating the worth of the new change and highlighting parts that require improvement.

 The impact of developing subordinates 

When the subordinates are effectively developed, they are likely to get inspired, build trust, and show a significant measurable positive result. The Microsoft Team will initiate an effective leadership and communication technique to enhance participation and active collaboration between the CEO and her staff members. The CEO needs to recognize the members of her team to know if they identify with the policies of the Bank. Furthermore, developing her knowledge as the CEO will facilitate her respectability and getting to know her team, thus creating camaraderie and mutual trust.