Danica leads a financial consulting firm. She used to have a set of resources and a list of ten guidelines for her employees to follow, based on her investing expertise. Over the past decade, she has had to hire many people to create digital content and run her IT and social media departments. Most of her employees now do nothing related to financial consulting but perform other tasks that are foreign to Danica. What should Danica do?
A)return to school to gain expertise in various aspects of technology
B)give up control of her company to the employees, who obviously know more
C)eliminate technology from her business and do things the old way
D)hire a technology expert to help her draft a new list of ten procedures
E)empower her employees to direct their own work in ways that meet her standards

Question

Quizplus · Accepted Answer

Empowering employees to direct their own work in a way that meets Danica's standards is the best solution. With the changing times, it is crucial to adapt to new technologies and diversify the work profile of employees. Danica should trust her employees to take on new roles and responsibilities while maintaining the quality of work. It is important for her to communicate her expectations clearly and provide continuous feedback and support for her employees to succeed in their new roles. This will also help in building a more collaborative and efficient work environment.

Danica Leads a Financial Consulting Firm