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Challenges for Gene One in this scenario include concerns about the experience level and leadership capabilities of the senior leadership team regarding IPOs and the communication plan that will be used to convey this new strategy to the employees Overall, the leadership team lacks the experience and, in some cases, the motivation and focus to take the business to new heights. The major problem for Gene One in the this scenario is to transform the culture of the current organization from the small start-up company to a global giant that is focused on growth and profitablity. The changes within the organization will require changes in the core values of the organization. The organizations staff is accustom to applied reasearch, which is the culture that...
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...