Digitalization
In conclusion, digitalization has influenced completion in the digital market in various ways, for instance, the corporate sector encompasses network effects, economic scale, and platform-based models; thus making the competitiveness to be relatively complicated via the use of specific remote tools such as Microsoft Teams. The interconnectivity due to the digital economy and, therefore, certain levels of cooperation and coordination among the staff members and the CEO of the Malvern Bank have been almost inevitable and can discourage extreme competitiveness in the business world. Microsoft Team would make remote working manageable and increase the staff members’ morale, thus maximizing on productivity and retaining of key staff.
A remote tool such as Microsoft Teams has currently facilitated the Home office, which can be described as space that is within an individual living room, and it is designed to serve business or organization activities. Remote working enhancing workplace by setting effective telecommunication, and this is regardless of being self-employed or taking part in a company activity but from any location (Carroll, 2008, pp.19-46). Remote working has formed a big part of staff members’ and the C-Suite top-level individual lives. Today, many people prefer to work remotely. The history of remote management originated from centuries, and studies indicate that it has a more extended past compared to working in a conventional office within an organization.
One advantage of remote working and management is that it will reduce the time wasted for commuting among the staff members and the CEO. This will also act as a morale booster as long as a time saver. The revenues will be saved and can be channeled to other expenses. Working remotely is also advantageous to the employees because they can easily connect to their office at any time of their wish and be in a position to share information effectively. This will help them to reduce the workload at their pleasure. The staffs who are working remotely are less likely to quit the job due to work stress, and they will take daybreak when they feel tired and bored with the work; this makes the CEO to be able to predict the outcome from her employees; thus producing an informed decision making.