This website uses cookies to ensure you have the best experience. Learn more

Options For Implementing A Leadership Change

1455 words - 6 pages

Introduction
In 1996 Gene One entered the biotechnology field and grew from the initial $2 million start-up investment into a $400 million business in eight years. Gene One is a biotech company that develops a genetic material that eliminates diseases on potatoes and tomatoes. As a result of Gene One’s technology, farmers no longer need to use pesticides when growing these plants and consumers are pleased to buy homegrown products untainted by chemicals. Gene One Chief Executive Officer (CEO), Don Ruiz and his Senior Leadership Team members believe that if the company is to continue its annual target growth of 40% each year, the company will need to go public with an Initial Public ...view middle of the document...

As Gene One moves forward with an IPO plan every government agency will be paying close attention to all documentation submitted by the company to ensure the company is following the appropriate rules and regulations. The government will ensure that every product produced by the company is safe for human consumption and safe for the environment. There may be some conflicts of interest if the product is not produced within a timely and effective manner and if the regulations are slowing down the production. This can cost Gene One revenues and delivery issues to its customer’s as well as lose customer’s because of too many rules and regulations. In addition, if Gene One does not follow the regulations in place they can produce dangerous products, which can reach the market and customers. Gene One customers are interested in receiving the most value for the dollar spent and to receive a comparable service to what other service providers give.
Recommendations/Solutions
Gene One has several solutions that are available to implement and bring the company closer to achieving its mission and goals. Some of Gene One’s current Senior Leaders do not have the necessary skills or knowledge to guide the company through an IPO launch and for the company to accomplish this task it would be necessary for them to replace some of its team leaders and hire a consulting firm to help with this process. In employing a consulting firm that is specialized in pre-IPO consulting, the firm will guide Gene One on every IPO related issue, which includes assisting and determining the size of the initial offering, preparing required documents, strategic development and team formalization. With Gene One having in place a consulting firm, this will enable the company to meet the requirement of an IPO within a specific timeline. In realigning its team leaders it would ensure they have the necessary people in place with the appropriate skills and knowledge in regard to the IPO and handling a public company. “In each decision-making structure, you have different ways of encouraging broad knowledge sharing. In loose hierarchies and democracies, one of your most important roles as a manager is often to provide the channels and incentives for sharing knowledge” (Malone, 2004). Gene One will need to decentralize its decision-making process for the benefit of the company. This would allow employees and management to contribute in the marketing strategic planning, and production ideas regarding other pertinent company decisions that will increase the achievement of the company's goals.
Gene One may also take a look at decentralizing their leadership and allowing the employees to decide whether the company should go public or not. After educating everyone on the pros and cons of an IPO, the employees could make an educated decision. For example, SAS decentralized the decision of becoming a public company through utilization of a survey. Jim Goodnight, founder of...

Other Papers Like Options for Implementing a Leadership Change

Implementing Leadership Change Essay

1362 words - 6 pages Implementing Leadership Change LDR/531 January 14, 2013 Implementing Leadership Change Change can create chaos in organizations or it can create a feeling of cohesion within a group. Facilitating change within organizations can be overwhelming because of the uncertainty of change. Eliminating disease in tomato and potatoes Gene One is entering the biotech industry. It is evident that releasing an Initial Public Offering (IPO

Implementing Leadership Change Essay

1448 words - 6 pages Implementing Leadership Change Gene One is a privately owned biotechnology company seeking an initial public offering (IPO). Before transitioning into an IPO company, the Chief Executive Officer, Don Ruiz should consider various options in deciding Gene One’s future. Team A has provided two strategies to help Ruiz in making the correct decision for his company. Strategy one suggests Gene One to continue to work as it is currently

Center for Leadership & Change, Inc

2986 words - 12 pages Center For Leadership And Change, Inc.  Makati City center for leadership and change, inc. Center For Leadership And Change, Inc.  Makati City center for leadership and change, inc. A. COMPANY BACKGROUND The Center for Leadership and Change, Inc. (CLCI) is the authorized distributor for FranklinCovey products and services in the Philippines. Franklin Covey Co. (FCC), the global leader in effectiveness training, productivity tools

Implementing A Program For Single & Working Parents

1254 words - 6 pages Implementing a Program for Single & Working Parents LaVarsha Williams Kaplan University 10/23/2012   Parents and teachers both share the same goal, which is ensuring children have a fulfilling education because that’s essential to every child being successful in life. A single parent working and unable to physically participate in their child’s education or develop a relationship with the teacher is an issue that can

A Plea for Change

1791 words - 8 pages A Plea for Change Being a man of honor is an interesting thing. For nearly 30 years I have been a loyal servant to the throne. I am the second son to my father, Zhang Xiajie, Zhang Fu. My father was a teacher that was diligent and through generosity and good fortune able to amass a respectable sized property. I now own that property and make my living as a farmer and manager of land. As a young man, my father always taught me to follow a

Planning For Change - A History Of IBM

4677 words - 19 pages directors to get some new leadership and ideas into the company. This sent a clear message to IBM employees that it was time for a change. The second major strategic step within the organisation was to build communication lines to employees and to let them know there is a crisis amd just as important `the CEO must also be able to communicate how to end the crisis - the new strategy, the new company model, the new culture'. This communication was the

A Change for the Better: Maturity

989 words - 4 pages A Change for the Better: Maturity A simple question one may ask is what exactly is change? It may not be a simple answer because, frankly, there are many different forms of change. Dictionaries have many definitions of change. One definition is to become alteredor modified, or to become different. This would be the best definition to define Jem Finch in the novel To Kill a Mockingbirdby Harper Lee. In the beginning of the novel, Jem is just

Leadership Theories That Are Best for a Leader

2851 words - 12 pages best fit for a situation. This means to look at what the leaders actually do, rather than their underlying characteristics. The management and leadership style is influenced by person’s perceptions about human nature (McGregor, 1960). It also states that there is no one best leadership style to lead in all situations. 4. Situational theories: This theory was developed to indicate that the style of leadership depends upon the situation, people

Is Globalization a Positive or Negative Force for Change

642 words - 3 pages Is globalization positive or negative force for change? Globalization is the sharing or progression of goods, ideas, and powers among the world which leads to interpendence and interconnection. In my opinion, I think that globalization is a positive force for change. My reasons are because technology has improved and will keep improving. I feel that the international government is a positive force for change because it will keep the world

Examine the Reasons for a Change in Divorce Rate Since 1971

561 words - 3 pages Examine the reasons for changes in divorce rate since 1971. Divorce has been an increasing trend due to numerous reasons such as changes in attitude, changes in law and changes in the economic position of women. In 1941, the grounds for divorce were widened meaning that ‘irretrievable breakdown’ was allowed as grounds for divorce. Irretrievable breakdown means that a marriage stopped working, but there is no blame on the people within the

Topic: a Drastic Change Was Made to the Primary School Curriculum in 1999. 1. Explain the Rationale Behind the Need for Changes to the Curricula. 2. What Immediate and Long Term Impact Do These...

1494 words - 6 pages Education course to encourage pupils to grow spiritually, thus displaying good Christian values and attitudes in relating to others. The poignant reason for this change is that many students do not go to either Sabbath or Sunday schools where they can learn about Jesus and His love for man. Some students do not know a verse from the Bible and are able to repeat same without being embarrassed. This addition will eliminate the type of religious

Related Essays

Options For Implementing A Leadership Change

772 words - 4 pages Options for Implementing a Leadership Change LDR/531 Introduction Gene One has been preparing for a leadership change and this new leadership strategy will be the core in order to make the public offering successful, as Don would have wanted it. Gene One is now an established organization, making a name for itself in its bio-tech industry, and the new wave of change will help make going public everything Don had hoped it would be except

Options For Implementing A Leadership Change

1684 words - 7 pages reduce the risks involved with implementing an IPO, external experienced IPO consultants and financial partnerships should be considered. Securing and implementing a leadership development program of high caliber is a priority to change the current philosophy. A leadership structure and style that is best suited to move Gene One into the future must include a solid end vision of what Gene One will become and how to provide a better and greener

Implementing Leadership Change Essay

1616 words - 7 pages 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

Implementing Leadership Change Essay 2013 Words

2013 words - 9 pages 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