Running head: PROBLEM SOLUTION: GENEONE
Problem Solution: GeneOne
University of Phoenix
Problem Solution: GeneOne
Gene One is coming up on another stepping-stone for their organization with the transition to an IPO. They have come a long way since they first began in 1996 from a small start-up company to a company that needs to go public to attract investors and capital to fund the new products, staffing and innovations. Their culture is lacking the growth and has not grown as fast as their successful products have. The CEO and founder, Don Ruiz, needs to use his leadership skills to lead the organization through these hard times. He needs to provide a project plan that will communicate to his leadership team the organizations corporate vision and his path for success. This plan will include a leadership
Problem Solution: Gene One Gene One is a privately owned company specializing in biotechnological agriculture advances. Its vegetable products: Tender Tomatoes and Perfect Potatoes have a gene variant that allows them to be grown without the use of harmful pesticides. These products have taken Gene One from a 2 million dollar start up organization to a 400 million dollar company in a time span of just 8 years. In order to gain the funds necessary to further advance in biotech field and to create new products the CEO of Gene One, Don Ruiz, has decided and Initial Public Offering (IPO) would be the optimal solution. This decision has generated much debate and created increased tensions at Gene One. People are offering resignations, talking about leaving Gene One and a lot of rumors are circulating around about the future of the company. The Executive Board, the Chief Leadership Team, and the employees of Gene One are all at a crossroads in where they stand with the company and where they going. These conflicting interests are putting the success of Gene One’s IPO intentions at a hal
As an up and coming biotech company, Gene One is faced with many...