Before reading, please note that I have not made any reference to this week’s reading as I want to take advantage of this week’s reviewer structure of ‘reviewing someone in the same functional area’. I have followed Daudelin’s stages of reflection so hopefully, I can get some constructive feedback from the reviewer. Thank you in advance.
This week has been the most difficult week for me as CFO. There is a discrepancy between the effort I put in to the work and the results that occur because of it. There is no doubt in my mind that I am doing all I can to execute the duties of my role properly, i.e. preparing relevant financial information to communicate back to the team, etc. However, our MikesBikes SHV result is going in the wrong direction (down) and I cannot help but feel that part of the issue is how we are managing our finances. The problem I have identified is that I may not be doing my job properly because a lack of understanding.
The doubt I am experiencing is from a build-up of events that goes back to the first week of MGMT300. In my CV, CFO was not marked as a preferred role so already, I felt disadvantaged because I was willing and prepared to take on the roles I had asked for but was given something else. Apparently, this was the case for some of the other members of my group too but I knew that in the “extra-terrestrial world” (referred to in my first journal entry) we sometimes do not get to choose what roles we get. Nonetheless, I accepted the role and researched the responsibilities of a CFO, i.e. analysing financial documents and identifying profitable areas for the business.
This relates to past events that go even further back to my high school years. I was an accounting/finance student and understanding statements and causes of different financial situations was not my strong suit. As frustrating as this was, I chose to persist with the thought that accounting/finance kept my university options open. I started university and I did my best to dodge accounting but ironically enough, in the first year there was ACCTG101 and now in MGMT300, I am responsible for similar concepts in accounting/finance. To try and solve these uncertainties in future, I will ask the following questions and hopefully gain something useful from asking.
Questions I will investigate include:
1. What is the underlying problem? (i.e. is it the CFO causing the SHV to decrease?)
2. How can I improve?
Questions for the reviewer: (optional)
1. Are you confident in your role?
2. How have you dealt with uncertainties?’
Now that the doubt from past experiences has finally caught up with me, it is time to face the facts! The tentative theory that I have created is that because of the somewhat adverse experience I have had with finance/accounting, I find it difficult to understand certain components of the role. It is important for me to note that in the process of it all, my levels of motivation have withstood the doubt and I have taken on the challenge. I have continued to do the same weekend preparation for the role so perhaps it is time to change up the routine? I want to improve and contribute to the team best I can so the actions I will take are simple: (1) ask for help; (2) discuss my concerns with the CEO and (3) do more research.
Growth is my goal!
Daudelin, M. W. (1996). Learning from experience through reflection. Organizational Dynamics, 24(3), 36--48