...Implementing Leadership Change Implementing Leadership Change Gene One is a company that entered the biotech industry in 1996. It developed gene technology that eradicated disease in tomatoes and potatoes helped them grow to a 400 million dollar company. The leaders of Gene One recognize the need to go public within the next few years and consider options to keep competitive in a growing market. Two possible strategies that the remaining leadership of Gene One could use to lead the company to two distinct but desirable outcomes while remaining an innovative organization are to transform the perception of the organization from the inside out and fundamentally restructure the organization to support growth. Keys to implementing these changes are educating employees, giving them visual evidence, and creating opportunities for employees to participate in communicating about the changes. Two Possible Strategies There is one main political adjustment the CEO should make to be successful. The CEO needs to transform from becoming a dictator to becoming a leader of the people. This change will show the CEO wants to help the employees understand why the company is looking to become a public company. Providing the employees with this information and allowing the employees to participate in ways will allow the CEO to be perceived as someone who cares about the employees and wants what’s best for the entire organization. Additionally, the CEO needs to show less favoritism at...
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...Gene One Fund Raising Change in business is constant. How leaders of organizations analyze whether or not their organization will be able to change with the times is critical to a successful business. Gene One is an extraordinary biotech company led by a dedicated and talented leadership team. The company began with an idea and two million dollars, eight years later the company became the first biotech company to eliminate disease in tomatoes and potatoes through biotechnology and is worth 400 million dollars. The purpose of this paper is to introduce two strategies to secure funding through venture capital or IPO that supports the company's goals to introduce new products and continue meeting 40% growth targets. Venture Capital Pursing venture capital is an important step for a rapidly growing business, especially when not seeking an IPO (Inc., 2010). The technology developed by Gene One is already on the market and the industry is experiencing a high level of investor interest that gives Gene One an advantage in the venture capital market. However, targeting the right investors makes a significant difference. Gene One is targeting investors that align with the research philosophies that facilitate the research and development team without having to worry about any private agendas. The research and development team will continue developing the innovative technologies expected, aiding the organization to realize its growth potential, and meeting the minimum...
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...Running head: IMPLEMENTING A LEADERSHIP CHANGE Assignment: Options for Implementing a Leadership Change YOUR NAME LDR/531 DATE NAME OF PROFESSOR Options for Implementing a Leadership Change Gene One is moving into the future by transitioning from a private company into an Initial Public Offering (IPO). Becoming an IPO means the executives who have investments in Gene One will give up their limited ownership and make the investments and ownership available to the public. (The IPO Process, 2009). Such a transition is bound to create conflict and disharmony, and executives at Gene One have mixed feelings about the change. (University of Phoenix (UOP), 2004). Chief Executive Officer (CEO) Don Ruiz, is initiating the change and is excited about the company being able to serve the public. Michelle Houghton, Gene One’s Chief Financial Officer (CFO), feels very emotionally protective of her ownership in the company because she invested everything she had into Gene One. Marketing officer Charles Jones has no personal investment in Gene One and believes in innovation and moving towards the future and is emotionally detached. Chief Technology Officer (CTO) Teri Roberson is emotionally attached to Gene One because she was part of the original start up group, but is passionate about her work. The opportunity to expand into breakthrough discoveries by becoming an IPO may allow her to overcome her fear of change. Greg Thoman, Chief Human Resources (HR) Officer...
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...Problem Solution: Gene One University of Phoenix March 26, 2007 Problem Solution: Gene One Introduction Gene One entered the biotech industry with groundbreaking gene technology that eradicated disease in tomatoes and potatoes. As a result, farmers no longer needed to use pesticides when growing these plants and consumers were pleased to buy homegrown products untainted by chemicals. The win-win situation helped Gene One grow to a $400 million company in just eight short years. Sharply rising stock indices on Wall Street indicate a growing interest in biotechnology and leadership changes at the Food and Drug Administration are further enhancing investor confidence in the industry. At Gene One, the CEO and his Board believe that in order to keep pace with demand and realize conservative annual growth targets of 40 percent, Gene One is going to have to go public within the next three years. It is their hope that implementing it will help Gene One realize its growth targets, establish the company as a strong competitor and show Wall Street that Gene One has the leadership and organizational capabilities to succeed as a public entity. In this paper I will analysis some issues and opportunities that Gene One is facing as well as present a situation analysis defining the problems that Gene One needs to address. I will also analysis alternative and optimal solutions as well as identify the risk that in involved. Once all alternatives have been clear I will recommend...
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...Gene One has, thus far, had a very successful run in the short period of eight years. They have had major breakthroughs in the aspect of agriculture. Gene One’s, Teri Robertson CTO, has had a very good run with research in her fifteen years. Creating new varieties and most important, pesticide free crops because they were now disease free crops. They have also had major success in the speed and growth of typical crops. Gene One has many individuals within its company structure that are very headstrong. Gene One has gotten the approval for an IPO and want to head full force for it. Unfortunately, this is an all new theory for all of them as they knew the general course of action but need a change strategy and an end vision. With strong individuals such as, Don Ruiz CEO, Michelle Houghton CFO, Teri Robertson CTO and Greg Thoman, Gene One has the brainpower to flourish. They will not flourish, conversely, if there is no participative influenced strategy to pull everyone together and forward. Without this the strong willed individuals will continue to counteract each other and Gene One will stay at an impasse. With this counteractive mentality, there will be no cushion of security for every individual within the company to rely on. With no cushion of security Gene One employees will not give a team based effort and the organization itself will fall apart. Gene One will face many obstacles and likely fail unless they create and employ an organizational change. This...
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...December 12, 2008 Change of Strategy The groundbreaking gene technology brought to market by Gene One will be used to eradicated disease in potatoes and tomatoes. This gene technology will eliminate the need for pesticides used by farmers when growing tomatoes and potatoes. This product helped facilitate the grow of Gene One from a $2 million dollar start-p to a $400 million dollar company in less than eight years. Gene One’s management notice the rising stock indices on Wall Street that indicated an interest increased interest in biotechnology. Based on the limited knowledge, the drive of key members of management and the board at Gene One the desire to go public within three years in hopes of raising additional capital for research and development. Management is of the opinion that by implementing and achieving there growth targets they will be able to establish the company as a viable , competitor in the biotechnology industry. There is also the hope that Gene One’s current leadership will be seen as capable of managing a successful pubic entity. Challenges for Gene One in this scenario include concerns about the experience level and leadership capabilities of the senior leadership team regarding IPOs and the communication plan that will be used to convey this new strategy to the employees Overall, the leadership team lacks the experience and, in some cases, the motivation and focus to take the business to new heights. The major problem for Gene One in the this scenario...
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...In this paper I will attempt to help Gene One solve their current problems that they are experiencing as a result of poor planning by management with a new IPO strategy. Although I believe that they were looking out for the company’s/employees’ best interest, the lack of a solid game plan has led us to this point where the working relationship between management has failed. While attempting to uncover the optimal solution I will look at the factors that should be considered when evaluating all options. My hopes are to bring to light why one solution is better than the next as it relates to the vision and goals of the company. This will be done by examining evidence from outside sources that have been through similar situations. This solution will be centered on transformational leadership and organizational culture. By identifying the primary causes of the failed strategy’s implementation, I will dissect and attempt to salvage the IPO strategy that Gene One will still need to carry out. In reading this scenario, one thing obvious from the onset; the senior leadership team at Gene One is not all on the same page. Anytime there is a culture change within an organization there will be resistance by some to change. In the case of Gene One they are no more immune than any other company. Evidence of this could be seen from the interactions of Teri and Michelle at the 1st leadership meeting after the board’s approval of the IPO plan. “What’s the matter, Michelle? Not finding enough...
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...Gene One | Options for implementing a Leadership Change | Strategy Change | | [Type the author name] | 5/17/2010 | | Purpose Gene One is a company that invented gene technology to eradicate disease in potatoes and tomatoes. This gene technology eliminates the need for pesticides when growing tomatoes and potatoes. This invention helped Gene One grow from a $2 million to $400 million dollar company in less than eight years. Mr. Ruiz, the CEO of Gene one wanted to increase the company’s revenue by going public by means of Initial Public Offering (IPO) within 3 years. However, Don Ruiz passed away. As a sibling to Mr. Ruiz and a member of the board, my family and I planned a change strategy in order for Mr. Ruiz’s vision to become reality. We will also identify the leadership structure and styles that we will use to carry out Mr. Ruiz’s vision. Vision Our late CEO, Mr. Ruiz was a true visionary and an angel. He was able to implement a new dream in our mind that did not exist. He showed us a picture of the future even though he couldn’t carry it for himself. Our vision is to move this company toward an initial Public offering which will allow us to grow up to 40% in 3 years. This vision should drive each one of us and our goals. In order for this change to happen, we must abide to the rules and regulations of IPO required by the Sarbanes-Oxley act. Sarbanes-Oxley Act requires that an IPO Board to have at least one member with financial experience...
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...Problem Solution: Gene One Corporation Gene One is a biotechnology company on the verge of making some concrete decisions that would affect the future of the company and its employees. The purpose of this paper is to analyze the situation that Gene One is currently facing and identify the challenges facing the company and opportunities that might result from dealing with this problem. Situation Background Gene One entered the biotechnology industry in 1996 after the team discovered a groundbreaking gene technology that eradicated diseases in tomatoes and potatoes. This discovery pleased consumers, as they no longer needed to by products tainted by chemicals. It also pleased farmers, as they no longer needed to use pesticides when growing plants. Gene One became very successful and speedily grew into a $400 million company in a period of eight years. Over time, Wall Street began to have an interest in biotechnology and investors are beginning to build confidence in the industry. To keep up with the growing competition and ever changing global market, Gene One would have to keep up with its competition. In order to remain at the forefront of the competition, Gene One’s management team believed that they would have to go public within the next three years. However, in order to be successful in its endeavors, Gene One needs IPO capital for new development, marketing and advertisement. Gene One’s CEO and his Board have devised a clear strategy with the help of...
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...Gene One Benchmarking University of Phoenix Abstract Organizational leadership relates to the elements/content of organizational culture. Through the process of group/team formation within the organization, leaders develop/apply varying leadership styles to enhance/ influence individual performance. Implementation strategies for managing the group process are identified to enhance group/team performance within all levels of the organization while examining the roles/interaction of its members. The purpose is to analyze efforts other organizations take and help Gene One formulate improvement initiatives/alternatives. The focus is to guide Gene One toward incorporating leadership styles that will transform the organization into a publicly held corporation while developing strategies to manage the group/team process through conflict resolution methods and appropriate role/interaction methodologies leading to transformational changes that will benefit all stakeholders. Organizations today must continually evolve, change, and enhance current ways of operating in order to maintain market penetration or grow. The most successful organizations are those who employ leaders capable of visualizing the transformational changes necessary to mitigate the threat of competition. These leaders are skilled at sharing their vision and engaging the workforce in a corporate culture where associates feel valued and empowered. Through this type of culture,...
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... Course Description This course prepares students to apply leadership principles to the roles they play as managers. Students will discover more about themselves and will learn more about the connection between the individual and the organization. Other topics include organizational culture, structure, group behavior, motivation, power, politics, organizational change, and workplace conflict. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum.2+10+ University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Mintzberg, H., Lampel, J., Quinn, J. B., & Ghoshal, S. (2003). The strategy process: Concepts, contexts, cases (4th ed.). Upper Saddle River, NJ: Prentice Hall....
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...Gene One: Problem Solution and Defense Gene One is a privately owned biotechnology company who is attempting an initial public offering (IPO). During this transition, opportunities within Gene One‘s organizational structure have been made more eminent. This paper uses the Problem Based Learning model the concepts of transformational leadership and organizational culture will be applied to the current internal issues faced by Gene One in the areas of team dynamics, knowledge and leadership style. Gene One is lead by Don Ruiz who has surpassed expectations during its 8-year growth. Don is an intrinsic part of a 5-member team who built the Gene One out of a 2 million-dollar investment. Don’s goal is to position Gene One as an industry leader. In order to acquire large amounts of capital for advanced research and superior product development to meet consumer demand and a grow by 40% per year, Gene One board of directors have decided on an initial public offering (IPO) within a 36 month deadline. Describe the Situation Issue and Opportunity Identification Gene One has several opportunities within the organizations. These opportunities are organizational culture, teamwork, and leadership. A company’s organizational culture is “the basic pattern of shared assumption, values, and beliefs governing the way employees within an organization think about and act on problems and opportunities,” (McShane and Von Glinow, 2005). Gene One must understand how employees' attitudes, feeling, and...
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...Running head: PROBLEM SOLUTION: GENEONE Problem Solution: Gene One The basis for my investigation of the problem in the Gene One scenario is the fact that Gene One’s CEO, Don Ruiz and the Board of directors believes that if the company is to continue its growth of 40% each year, the company will have to go public with an initial public offering (IPO) within the next three years. The purpose for this paper is to review Gene One’s decision to become a public company. Taking Gene One public would be a new venture for the senior team members, who realize that, collectively, they have zero experience with IPOs. This paper looks at the issues and opportunities Gene One is facing, stakeholder’s perspective and ethical dilemma, the end-state goals, alternative solutions, a risk assessment and the optimal solution, and last implementation of the plan. Situation Analysis Issue and Opportunity Identification Gene One is a company that entered the biotech industry with groundbreaking gene technology that eradicated diseases in tomatoes and potatoes. In just eight short years, the company grew into the $400 million company that it is today. Past events that have led to Gene One current issues and opportunities are the fact that the company has grown at such a rapid pace that it outgrowing itself. Further, an increase in stock prices is indicative of the growing interest in the biotech industry. Don Ruiz, the company’s CEO, and the board of directors believes that if the company...
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...Gene One is a company that is only eight years old and was started by founder and Chief Executive Officer (CEO), Don Ruiz. Gene One has recently enjoyed innovative success with a discovery that benefits the agricultural farming industry. This gene technology intervenes with the eradication of disease in tomatoes and potatoes. "As a result, farmers no longer needed to use pesticides when growing these plants and consumers were pleased to buy homegrown products untainted by chemicals" (Gene one, 2009). Teri Robertson, Gene One's chief technology officer and research scientist is credited with the discovery in the biotech division of the company. The discovery is acknowledged for helping Gene One to develop from a $2 million dollar company to the current $400 million dollar company of today. Gene One is coming up on an opportunity for their organization with the transition to an initial public offering (IPO). A milestone for any company is the issuance of publicly traded stock. While the motivations for an initial public offering are clear-cut, the means for doing so is complex. The opportunity they have is to develop an effectively performing culture all working towards the same goal. The company is in a transition phase. I believe that Gene One needs transformational leadership to realize the vision of taking the company into the public sector. Transformational leadership requires charisma, motivation, selflessness, and intellectual stimulation. Research on charismatic...
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...Running head: PROBLEM SOLUTION: GENE ONE Problem Solution for Gene One University of Phoenix MBA 520 – Transformational Leadership Problem Solution for Gene One Change is inevitable in any organization; however, there are a myriad of approaches toward that change and the individuals involved. Change relates directly to organizational behavior and leadership style. This problem analysis and suggested solution will look at a scenario entitled Gene One and will explore the challenges facing the CEO and the changes facing the company and its employees. This analysis will review a number of leadership style issues in addition to organizational culture, knowledge management, emotional intelligence, and knowledge management. Situation Analysis Issue and Opportunity Identification Change is, and never has been as easy to accept, as the change agent would prefer. Niccolo Machiavelli said, “There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things” (Kaplan, J. ed. 1992, p. 136). Several areas related to organizational development and leadership style are evident in the scenario. Internal communication or lack thereof can make or break an organization in transition. At Gene One, the process has not been particularly effective to date creating tension not only within management but also throughout the organization. Management has a unique opportunity...
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