Problem Solution: Gene One
Gene One is an innovative company that has grown in the biotech industry since its establishment in 1996. For Gene One to continue growth, Chief Executive Officer (CEO) Don Ruiz proposed and received approval from the board of directors to launch an Initial Public Offering (IPO) to raise the additional capital needed to continue growth (University of Phoenix, 2008). This announcement to the leadership team brought about different reactions. Some of the members were receptive and ready, while others had doubts. Before Gene One decides to launch the IPO it should take a look at the key concepts like cohesiveness, leadership, teamwork and trust. This paper will use the nine steps of the problem based learning module to discuss issues and opportunities. Alternatives available to Gene One will be discussed, evaluated, analyzed and weighted on a scale of importance to help Gene One to make the optimal decision on how to implement its decision to become a public company.
Issue and Opportunity Identification
Gene One is a small company with big accomplishments. The founder and owner Mr. Don Ruiz would like to see more opportunities for his organization. The company has a goal to increase annual revenue by 40% and attract interest in the company for future partnerships (University of Phoenix, 2008). To continuing this successful journey and open up more opportunities, the company needs to expand financially. The company’s leaders are a professional team, but lack the skills needed to keep the company moving in a powerful and positive direction. The company currently operates like a family. The atmosphere is professional but the operations needs to be stream lined and more defined for growth. Each of the individuals on the leadership team are good at what they do but they cannot come together to form a cohesive team.
Going public for Gene One will help to establish value to the company’s equity. This will help position...