Problem Solution: Gene One
Gene One is a growing company with many opportunities for further growth in the future. During the last eight years, Gene One has grown to become a $400 million dollar company. Gene One wants to continue this growth, and has decided to gain additional growth and funds by becoming and IPO. With this change Gene one needs to revaluate all areas of the company and find solutions to problems within the organization. The company has many opportunities for changes, which will enable them to reach the goals wanted and needed for the IPO. The key project is to find the best solution that will enable Gene One to reach their goals, and become better than Gene One's scompetitors. Gene One will need to review the solutions that they have come up with, and the additional alternative solutions that have not even been reviewed.
Issue and Opportunity Identification
Gene One is a company that has several issues that need to be resolved before they can successfully become an IPO. By resolving these issues Gene One will hopefully, hit the growth goals set by Don Ruiz. The first apparent problem is the lack of leadership within upper management. The managers do not deal well with change, and are quick to be stressed and make decisions in haste. Additionally none of them have experience with IPOS and need further leadership to help them through this enormously stressful time. An opportunity for this issue to be resolved is for the managers and the organization to do an "upgrade." This would consist of them working on handling change and being able to address the employees fears and concerns, instead of ignoring them. "An adaptive culture exists when employees focus on the changing needs of customers and other stakeholders and support initiatives to keep pace with these changes" (McShane and Glinow, 2005, pg 483). This would allow Gene One's leadership to flourish and reduce the amount of conflict due... [continues]
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