Gene One Problem Solution
Gene One a biotech industry has made a miracle discovery in gene technology that eradicated disease in tomatoes and potatoes. The discovery of this new technology has leaded them to becoming a $400 million dollar company. Gene One a privately owned company has decided to sell its common shares through an IPO (Initial Public Offering) to raise capital for expansion.
In order to become a successful organization in today’s business, Gene One will have to change the way that the operation function. This change will include the reorganization, redevelopment, restructuring the existing culture. This paper will discuss the transformational leadership and the organizational culture that Gene One exhibits. The following issues faced by Gene One’s growing industry are, the influence of leadership styles, and employees, alternative leadership solutions.
Describe the Situation
Gene One is looking at going public within the next three years and the company needs to raise IPO capital for development, advertising, and marketing. The company has set a time line of 36 months maximum to be up and running. The CEO Don Ruiz, board members and select investors of the community. “Katzenbach and Smith define a team as “a small number of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.” (Kreitner & Kinicki, 2004, p. 447). The culture of Gene One has a five member start up, Don Ruiz. Chief Executive Officer, Michelle Houghton, Chief Financial Officer, Charles Jones, Marketing Officer, Teri Robertson, Chief Technology Officer, Greg Thoman, Chief Human Resource Officer, John Kirby. Executive Director Board Member, and Susan Wells, Executive Board Member. “Organizational structures are frequently used as tools for change. Structures support or inhibit communication and relationships across the organization.”(McShane & Glinow, 2005, Chapter 15)....