Problem Solution: GeneOne
University of Phoenix
GeneOne is a biotechnology company on the confines of making some concrete decisions that would affect the future of the company.
This paper is to
review
the
situation GeneOne currently faces along with identify challenges and opportunities that whitethorn result from dealing with this problem.
Situation Analysis
Issue and Opportunity Identification
GeneOne entered the biotechnology industry in 1996 after discovering a
gene technology that eradicated
in potatoes and tomatoes. No longer needing to buy products corrupt by chemicals this
discovery buoyant consumers and farmers.
GeneOne became very lucky
and to keep up with the growing contestation GeneOne would be possessed of to keep up with competition.
To extend at the forefront of the competition, GeneOnes management team believed that within the side by side(p) three years they would
have to go public. To be successful GeneOne needfully IPO detonator for new development, marketing, and advertisement. GeneOnes
CEO develop a strategy with the key members in the investment community.
By implementing this strategy,
GeneOne hopes to establish the company as a strong opposing and prove to Wall Street and the public that GeneOne possesses the leadership and organizational competence required to
travel along as a public entity. These decisions led to plenty of trims GeneOne needs to resolve in install to obtain a successful transition.
GeneOne is facing both internal and external problems. Internally, the main problem is within the GeneOne employees and management team. The employees cannot see the substantiating aspects of the IPO announcement. Lack of communication and collaboration exists within the team. A team lacking cohesion will seldom be successful. The management team is to be the examples of leaders. Another internal issue facing GeneOne is the organizational culture present in the company. Organizations with a strong and positive organizational culture yield break off performing employees. The employees...
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