...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 Scenario, 2010) The discovery was in the biotech division of the company and was facilitated by Teri Robertson, Gene One's chief technology officer and research scientist. This company is just 8 years old and was started by founder and CEO, Don Ruiz. The discovery is credited for helping Gene One to grow from a $2 million dollar company to the $400 million dollar company of today. The board of directors is convinced that Gene One could become an industry leader and have aspirations of becoming a successful public company. Various leadership changes at the Food and Drug Administration are further enhancing investor confidence in the industry and this has led to the proposal that Gene One is going to have to go public within the next three years in order to keep pace with the demand. According to the local newspaper, the Daily Gazette, the company plans to increase its annual growth and sales by 40%. This is to be done through more gene technology products that will reduce the need for pesticides. This creates the need for more financing to support the new research that will enable Gene One to meet these growth figures. Gene One faces several challenges for a successful IPO. First is the lack of IPO experience in the company. No one at the company has had any experience with this...
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...CPA Program—professional level Global Strategy and Leadership Segment map and concepts Semester 1 2013 Authors: Delyth Samuel Published by Deakin University on behalf of CPA Australia Ltd, ABN 64 008 392 452 © CPA Australia Ltd February 2013 The contents are for general information only. They are not intended as professional advice, for that you should consult a suitable qualified professional. CPA Australia Ltd expressly disclaims all liability for any loss or damage arising from reliance upon any information in these papers. Contents Segment map Segment map 4 5 Segment concepts Module 1: An introduction to strategy and leadership Module 2: Understanding the external environment Module 3: Understanding the internal environment Module 4: Product and market development Module 5: Making strategic choices Module 6: Leading and implementing strategy 6 7 8 10 11 12 13 Segment map SEGMENT MAP AND CONCEPTS Segment map The following diagram shows how the study materials in Global Strategy and Leadership fit together in an overall concept map, with strategy and leadership concepts applying throughout. Strategy is an iterative process and this is reflected by the double-headed arrows. Module 1: An introduction to strategy and leadership Module 2: Understanding the external environment Defining the industry for analysis Past and future growth and profitability What’s needed to be successful Module 3: Understanding the internal environment...
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...PROGRAM GLOBAL STRATEGY AND LEADERSHIP STUDENT SUPPORT SLIDES Semester 1, 2016 MODULE 1 AN INTRODUCTION TO STRATEGY AND LEADERSHIP NEED TO MEET MODULE OBJECTIVES • • • • • • • • Explain the development of the evolution of strategy Outline the ethical responsibilities and challenges that leaders of organisations are confronted by Discuss the different approaches to strategy, and how they differ from one another Identify the strategy process and describe the purpose of each step Explain the concepts of strategic thinking and analysis Describe the various levels of strategy and the links between them Explain the drivers, challenges and benefits of globalisation Discuss the role of the accountant in the strategy process PRACTICE • • • Have you completed the questions in the Study Guide? Have you completed the Learning Examples in the Student Notes? Have you completed the knowledge check questions from this module? Key revision areas: • The different approaches to strategy: rational, processual, evolutionary, systemic • The levels of corporate strategy and the scope/content of each • The drivers, challenges and benefits of globalisation • Evolution of corporate strategy as a concept – Porter, Mintzberg • Operational effectiveness v. strategic positioning • Developing the strategy – see Focus slide • Ethics in leadership: classical and socioeconomic views Strategy and leadership Approaches to strategy ...
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...Global Strategy and Leadership is the capstone segment for the CPA Program professional level. This segment consolidates your learning in the other three compulsory segments, Ethics and Governance, Financial Reporting and Strategic Management Accounting. In the increasingly complex business environment in which organisations operate, characterised by change, uncertainty and escalating competition, the disciplines of strategy and leadership have become critical to successful organisational performance. The aim of this segment is to link the knowledge of management and financial accounting to the concepts of strategy and leadership. Accountants use a variety of technical information to make decisions for the future of the business within an ethical framework of operation. This segment shows that accounting information, ethics, strategy and leadership are applicable to accountants working throughout the world in diverse organisations. As discussed in Ethics and Governance, accounting as a profession is respected internationally and CPAs are employed worldwide. The segment materials address the needs of candidates operating in different international markets in varying roles. This segment builds upon knowledge gained in the other three compulsory segments of the professional level. The concepts of professional ethics and good governance underpin the segment. Candidates who have previously undertaken the Advanced Audit and Assurance or Strategic Management Accounting segments will...
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...Implementing Leadership Change Gene One is a biotechnology company that has had success with engineering foods that are disease free and grow at increased rates. Vegetables such as tomatoes and potatoes have been grown without the use of pesticides and other harmful chemicals. These breakthroughs have changed Gene One from a $2 million start-up company into a $400 million company on the verge of going public. The original members of Gene One are challenged with organizing the company and preparing it for an initial public offering (IPO) on Wall Street. The IPO requires the company to make several changes to the structure of the company’s executive board, marketing strategy, and product invention. Leadership at Gene One must identify weaknesses in management concerning the IPO, and the stress associated with going public. Management is challenged with accomplishing one of the following: 1. Gene One becomes a public company and the goals suggested by the chief executive officer (CEO) are met by adding new people to the existing staff and retaining the team’s culture. 2. Gene One becomes a public company and the goals suggested by the CEO are met by removing people and changing the company’s culture. Both of these options require management to move forward with the IPO and to make stressful decisions concerning the company’s future. Dealing with the stress of the change will determine the success of the IPO. “In an intelligently managed organization...
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...Implementing a Leadership Change LDR/531 January 31, 2011 Options for Implementing Change In 1996, Gene One entered the biotech industry with groundbreaking gene technology that eliminated 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 grew from $2 million to a $400 million company in eight years (University of Phoenix, 2011). Gene One’s success also brought with it an increase of stock indices on Wall Street indicative of an augmented interest in the biotechnology field. Leadership changes at the Food and Drug administration increased confidence in investors in the biotechnology field. Don Ruiz and board members believed a 40 percent annual growth target would keep them competitive. Don Ruiz believed the way to acquire additional funding to maximize growth and remain successful would be an initial public offering (IPO) within three years. Upper management and board members varied leadership styles prove to be challenging when considering a replacement for the chief executive officer (CEO) Don Ruiz. Some members of Gene One management team was not in agreement with an initial public offering, expressed reservations. Some members of management expressed concern of managers being deficient in their leadership skills, experience to handle the next level, and suggested terminating these managers...
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...List of Tables 1 1. EXECUTIVE SUMMARY 2 2. INTRODUCTION 3 3. OVERVIEW 3 3. PROBLEM IDENTIFICATION 5 4. SOLUTION 6 4.1. Establish Strategic Transformation Programme Office (Step 1) 9 4.1.1. Leadership Responsibilities 9 4.1.2. Authority, Responsibility and Accountability System 10 4.1.3. Reporting Structures and Communications 12 4.1.4. Strategic Transformation and Change Roles and Responsibilities 12 4.2. Strategic Analysis (Step 2) 13 4.2.1. Core Business and Competency 13 4.2.2. Preferred Culture 13 4.2.3. Create a Value System to Promote a Preferred Organisational Culture 13 4.2.4. Create a Vision and Mission of the Future 14 4.2.5. Create a Strategy Map 14 4.3. Strategic Development (Step 3) 15 4.4. Strategy Implementation (Steps 4 & 5) 16 5. RECOMMENDATIONS 17 6. CONCLUSION 17 7. BIBLIOGRAPHY 18 List of Figures Figure 1: Different steps 7 Figure 2: BSPM learning organisation value chain schematic 8 Figure 3: Shared Authority, Responsibility and Accountability 10 Figure 4: Programme structures for portfolios adapted from Steyn and Schmikl (2010: 130 11 Figure 5: Strategic Transformation Project-Portfolio adapted from Steyn et al. (2010: 79) 11 Figure 6: Establish Programme Office adapted from Steyn et al. (2010: 80) 12 Figure 7: Developing Strategic Options adapted from Steyn et al. (2010: 82) 15 List of Tables Table 1: Problems Identified against performance improvement strategies 5 Table 2: Strategic Transformation Programme Management Process...
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...MODULE 1 – INTRODUCTION TO STRATEGY & LEADERSHIP Differentiating Strategy Operational Effectiveness (Performing similar activities better than rivals perform them) VS Competitive Strategy (Performing different activities than rivals or performing similar activities in different ways) Strategy Planning Process 1. Where are we today? 2. Where are we going by when? 3. How are we going to get there? 4. How do we implement the Strategy? Approaches To Strategy Rational Approach – Based on linear & mechanistic model in which the conception and execution of strategy are treated as discrete sequential activities. The process starts with setting the basic, long term goals of an organisation, and proceeds with implementing courses of action & allocating the resources necessary to achieve those goals. Processual Approach – This approach is a reductionist approach provides an illusion of prediction of accuracy, but excludes the complexity of people issues that occur in strategy process. Strategy formulation & implementation are viewed as entangled activities, and not separate stages as required in rational approach. Evolutionary Approach – Suggests that organisation’s leaders should work on achieving competitive advantage by improving operational efficiencies in the short term. Long term strategies are too expensive and inappropriate in a unpredictable environment of change and uncertainty. Systemic Approach – This approach emphasise the importance...
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...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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...PATTIES FOOD LTD Module 1: INTRODUCTION TO STRATEGY AND LEADERSHIP Key questions Concepts/Models/approaches that can be used to answer the key questions: Applicability / Case facts support What are the forces behind globalisation Competitive forces 4&20 products to US and halal for Asia Technological forces Social forces AFL Sponsorship Political forces What are the challenges and benefits of globalisation Challenges (competition, distribution, macro-economic, socio-economic, financial, legal, physical, political, socio-cultural, labour, globalisation of Risk) Benefits (cost, timing, learning, arbitrage) What are the ways strategy can be developed? Processual Rational Seems to fit in this situation Evolutionary Systemic Family members on the board could influence cultural values etc. Fuzzy What’s included in a strategy development process and strategic planning? Defining organisational purpose (Where are we going?) External and internal environment analyses (What is the gap between where we are now and where we want to be?) Formulating and implementing strategy(How do we get there? And what are the financial aspects of value creation?) What are the three levels of strategy? Corporate Strategy Framework Business Functional What kinds of leadership style and approaches are there? Situational Transformational Transactional How does ethics and corporate social responsibility influence strategy? The classical view The socio-economic...
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...Technology Trends Proposal Part III Adding telemedicine as an option to our organization is going to be a radical change. Implementing this new form of care is a major change for the entire company. How management handles this change can help make the transition somewhat smoother. Management will need to possess several necessary aspects. Some of these necessities are leadership, vision, trust, and implementation. To be able to change, an organization must be led. A committee of people are often the leaders of a new system. Choosing the appropriate person to lead the committee is just as important as the committee itself. The leadership committee will need to be able to define the nature of the change to everyone involved in the organization. Being able to explain the rationale for adding telemedicine to the organization should be on the top of their agenda (Glaser, Lee & Wager, 2013). Vision is another aspect that needs to be addressed by management. This should include those who will be affected by the new implementation. They should know what their new roles are and how their new work flow will be affected. This vision should be clear to all involved. Change can be difficult for some people. Understanding why and the nature of the change should help staff members through this transition (Glaser, Lee & Wager, 2013). Being able to trust that management’s compassion, integrity, and leadership skills are in their best interest is important. If member of the organization...
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... Technology Trends Proposal Part III Adding telemedicine as an option to our organization is going to be a radical change. Implementing this new form of care is a major change for the entire company. How management handles this change can help make the transition somewhat smoother. Management will need to possess several necessary aspects. Some of these necessities are leadership, vision, trust, and implementation. To be able to change, an organization must be led. A committee of people are often the leaders of a new system. Choosing the appropriate person to lead the committee is just as important as the committee itself. The leadership committee will need to be able to define the nature of the change to everyone involved in the organization. Being able to explain the rationale for adding telemedicine to the organization should be on the top of their agenda (Glaser, Lee & Wager, 2013). Vision is another aspect that needs to be addressed by management. This should include those who will be affected by the new implementation. They should know what their new roles are and how their new work flow will be affected. This vision should be clear to all involved. Change can be difficult for some people. Understanding why and the nature of the change should help staff members through this transition (Glaser, Lee & Wager, 2013). Being able to trust that management’s compassion, integrity, and leadership skills are in their best interest is important. If member of the organization...
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...with nurses by implementing a standard of nurse handoff by 10%. This will be done by the implementation of bedside report. This paper will discuss a strategy for communication, including management strategies, personal leadership development, managerial decision-making, business function, and leadership strategies. Management Strategies In order to reach this goal, a team will be first built to take on the challenge presented. To improve planning, a team will need to be formed, such as a guiding team to be able to create support around the plan (Kotter, & Cohen, 2012). The team will be able to research what is best for the company, while following the legislative processes as well. This team will be responsible for addressing the plan and forming it to how the company would approve of it. This will build on learning and growth goals, to develop education plans on increasing communication within nurses. To develop customer service and meet financial goals, the management by objectives method will be used. First, the guiding team will set goals to implement bedside report in each unit (Daft, 2014). Next, the action plan will be done and reviewing the progress. Corrective action will be taken on those nurses who do not implement bedside report. Lastly, the performance will be appraised each year to reach the 10% a year increase goal....
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...Module 7 – Leadership and decision-making (13%) Leadership and ethics What is leadership? Identifying leadership attributes Transformational leadership Strategic Leadership The nature of strategic leadership The role of leaders in strategic thinking and decision-making The role of leaders in strategic analysis The role of leaders in setting direction The role of leaders in strategic formulation and selection The role of leaders in implementing strategy The Naked CEO Preview Leaders are required to develop the strategy, drive the change and align the organisation’s structure, resources and culture with the strategy. There are various viewpoints about what actually constitutes the leadership, the qualities required and its level of importance. The purpose of this module is not to present and analyse these arguments, but to provide a practical approach based on the transformational leadership that focuses specially on the role of strategy and strategic leadership. Irrespective of the approach taken to strategic leadership, there exists an important distinction between leadership and management. A leader is primarily involved in: setting direction, aligning and communicating, and inspiring and motivating. A manager is primarily in charge of: planning and budgeting, organising and staffing, and controlling and problem solving. Objectives You should be able to: (1) describe the role of ethics and corporate social responsibility in leadership; (2) identify and discuss...
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...As stated by Roussel, change not only aids in organizational achievement of goals but of individual achievements as well (Roussel, 2013). The goals in implementing a residency program is to decrease the stress and anxiety of novice nurses by providing a mentor for the first year of practice, to ensure novice nurses are enabled to learn how to provide safe, competent care through critical thinking and clinical skills and to decrease nurse turnover rate to benefit the organizational financial bottom line. Lewin’s theory utilizes three stages to achieve a change such as implementation of a nurse residency program, the unfreezing stage, the moving stage and the refreezing stage (Roussel, 2013). The unfreezing stage within this concept is the recognition of ineffective or absent mentoring opportunities provided to novice nurses and the change agent introducing the need for a change to benefit the entire system. Resources are gathered and a plan for change is created within the moving stage. For example, models of residency programs currently in use can help to identify successful methods to aide in implementation within the organization, based on this information a plan can be put in place. Third is the refreezing stage in which the plan is “integrated and stabilized” within the area and the change agent monitors and addresses driving and restraining forces to ensure a successful implementation...
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