Gene One Problem Definition

GENE ONE PROBLEM DEFINITION

Gene One Problem Definition

MBA 520

Transformational Leadership

Gene One Problem Definition

In an effort to continue making contributions to society by introducing new products and increasing revenue to assure the company's growth in the future, Gene One must determine the challenges that they are facing and develop a solution in order to succeed and remain the leader in the industry. The decisions for the company will involve key stakeholders that must critically think about the decisions regarding going public and restructuring the organizational culture and whether those decisions will "make or break" the company. With every decision that is made by the key stakeholders, there will be issues as well as opportunities that arise. Along with these issues and opportunities, there are also ethical dilemmas between the researchers and leadership team that Gene One will face. These issues, opportunities and ethical dilemmas are a result of the decisions made through the critical problem-solving of going public that Gene One is currently facing and will continue to face in the future.

Yet, Gene One must increase its revenue and introduce new products by making the decision to go public as well as increasing the value/satisfaction of the company's employees which will in turn increase the overall morale of the company, and increasing the communication with both the leadership team and the researchers in order to maintain a healthy and productive work environment.

Like many businesses, Gene One is unsure of its future due to the fact that it is a company within the private sector of the biotech industry. With the competition, it is difficult to compete for the same business unless one is constantly revolutionizing the products provided for the industry to stay on top, as well as maintaining a face in the public eye. In order to secure its future, Gene One must decide what measures to take to continue its growth economically and become a powerhouse.

In addition, the lack of knowledge and lack of confidence from the leadership team will effect the direction of the company. Facing these issues, the stakeholders for Gene One must come together and critically problem-solve in order to make the decisions that would change the direction of the company. In order to stay ahead of the competition and continue to grow, Gene One must also re-structure its organizational culture. It is difficult to grow within a culture where there is dissention between co-workers, as well as low morale and motivation to succeed. However, through the IPO process and restructuring of the organization, the stakeholders believe that the company could definitely increase its revenue and become a global resource.

Competition is prevalent in every industry and is one issue that Gene One will begin to face during the company's tenure in the industry and during the IPO process. Companies will constantly be competing to have the edge on the market. Not only will competition increase by going public, but the dissention between employees will continue if every one is not on the same page.

Employees at all levels must communicate with one another in order to continue the organization's growth. Not effectively communicating with other co-workers is definitely an issue for Gene One. Thus, Gene One will also have to face the challenge of effective communication within their company, as well as increasing the morale and motivation of all the employees beginning with the leadership team. If the morale is down, then there will be a decrease in the productivity. Morale in companies is extremely important. And, the leadership team must set an example for the other employees of the company through increasing their morale and leading by example. "Organizations should have adaptive cultures so that employees focus on the need for change and support initiatives and leadership that keeps pace with these changes" (McShane, S. & Von Glinow, M., 2004). All levels throughout the organization must see that everyone is willing to accept the changes of the company, in an effort to make the company reach its maximum potential.

Gene One is taking a risk with the IPO process as well as informing its employees that the company is going to go public because going public puts more restrictions on the employees to meet certain deadlines. Gene One can anticipate a lack of motivation and decrease in morale as a result of these issues. And, How can Gene One expect to retain employees if their current employees are not happy with the possibility of going public? Gene One will have issues that they must deal with as a result of the decisions the stakeholders have made to increase its revenue and opportunities are definitely present throughout Gene One's current situation.

Although it seems as if there are numerous issues, there are many opportunities involved that will help change the presence of the company. With public recognition, the stakeholders hope that it will result in an increase in revenue. Management perceives that by going public within a few years there will be massive growth in the company that will produce more business and greater revenue.

One of the main opportunities that Gene One sees as a result of their decisions is the fact that the company will be able to increase the sophistication of the products offered through the discovery of new technologies. By doing this, they hope that Gene One's products will be more appealing to its customers in turn producing more business. Another opportunity as a result of the challenges Gene One is facing, is the company's ability to focus on new, innovative cost-cutting measures to stay competitive in its industry and develop and market new products. Gene One's strategies to reduce costs could cause the company to lose money if the cost-cutting measures cause the company to lose its consumers. Therefore, the company should survey its consumers prior to implementing anything new and different to its consumers. If the company does not make sure that new measures are acceptable to its consumers, then the company might lose those consumers. These opportunities that are presented will hopefully make Gene One the leader of the industry and a force to be reckoned with. At times, these opportunities that develop will conflict with the earlier issues in the minds of different stakeholders and cause ethical dilemmas.

Both the issues and opportunities that