Tiffany L. Davis
April 18, 2011
Most businesses experience change at some point in their existence. According to Robbins and Judge (2007), “successful organizations will be the ones that can change in response to the competition.” As businesses grow, several factors promote change to occur. Cultural environments, technology advancements, and changes in competitors, create foundations for change. To successfully implement changes in a business, leaders must encourage and motivate coworkers and business partners to welcome the change. According to Yuki (2006), leading change is one of the most important and difficult responsibilities of a leader. Successful leaders facilitate change by creating a positive working environment and by communicating with the entire team. Yuki also states, the importance of communicating values and expectations by modeling the behavior you expect to receive in return. These behaviors might include self-sacrifice, loyalty and going above and beyond expectations. In the Gene One Scenario, Gene One, a biotech company, is in an ideal position to improve its performances by taking the company public. The numbers predict an initial public offering can increase the company’s capital by 40% within three years. The plan is dependant on the development and sale of new products that can be grown without pesticides. This plan brings many challenges to Gene One. For the initial public offering to occur successfully, Gene One must adjust its leadership structure and style to align with the long-term vision of the company. Strong leadership is vital for the implementation of change to make the initial public offering a success for Gene One. A main concern for Gene One’s current staff is their inexperience in dealing with change and the IPO process. According to Yuki, resistance to change is common for companies. From the...