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Question
Keith, the chief financial officer of MoneyPro Inc., a stock brokerage firm, is unhappy with the performance of his firm in the last quarter. He blames the lackadaisical attitude of his group members for the firms poor performance. Which of the following measures should Keith adopt to protect the investors of his firm and increase his effectiveness as a leader?
a. He should concentrate on the weaknesses of his group members and focus on patching up such.
b. He should provide his group members with excessive feedback on good investment options.
c. He should focus on micromanaging his group members in order to reduce any possible chances of inefficiency.
d. He should further raise funds from the market and be willing to invest them in riskier options to ensure maximum yield.
Answer
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