University of Phoenix
MBA/520 Transformational Leadership
Dr. Lola Jackson
Problem Solution: Gene One
Gene One is a biotech company that has seen steady growth since entering the biotech industry in 1996. In order to remain competitive in the market, Gene One believes it "needs IPO capital for new development, advertisement, and marketing if it is to remain successful," (Scenario, 2006). In order for the initial public offering (IPO) to be successful, Gene One needs a solid foundation to build upon. Following the 9-step problem based learning model, Gene One can take an in-depth look at key concepts such as effective teamwork through cooperation, trust, and cohesiveness, sources of conflict in organizations, knowledge management, elements of organizational structure, and assess the influence of organizational structure on power and politics.
Issue and Opportunity Identification
In order for Gene One to remain competitive in the biotech industry, the company announced its intention to become a publicly held corporation. Despite the fact that management agreed upon specific goals, resistance amongst management has caused some internal tension. The Vice President of Technology Research Labs has already tendered her resignation in response to hearing about the plan to become a publicly traded company. The Chief Financial Officer (CFO) is cautious with the timing of the proposal considering a recent scandal in the biotech industry. The Chief Technology Officer (CTO) is resistant due to the demands that Wall Street may put on her ability to produce, new, effective products on a timely schedule. Even two Executive Board members are showing their skepticism despite giving the go ahead on the plan. With all negativity, it will be important for the Chief Executive Officer (CEO) to create an effective team through cooperation, trust, and cohesiveness.
"As competitive pressures intensify, experts say organizational... [continues]
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