Running head: PROBLEM SOLUTION: GENEONE
Problem Solution: GeneOne
Deanna K. Hubert
University of Phoenix
Problem Solution: GeneOne
GeneOne is a biotechnology company on the bound 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
broker technology that eradicated
in potatoes and tomatoes. No longer needing to buy products impair by chemicals this
discovery sunny consumers and farmers.
GeneOne became very prospering
and to keep up with the growing disceptation GeneOne would fuddle to keep up with competition.
To detain at the forefront of the competition, GeneOnes management team believed that within the close three years they would
have to go public. To be successful GeneOne inescapably IPO ceiling for new development, marketing, and advertisement.
GeneOnes
CEO real a strategy with the key members in the investment community.
By implementing this strategy,
GeneOne hopes to establish the company as a strong reverse and prove to Wall Street and the public that GeneOne possesses the leadership and organizational competence required to
chase as a public entity. These decisions led to plenty of unlooses GeneOne needs to resolve in order to obtain a successful transition.
GeneOne is facing both internal and outer problems. Internally, the main problem is within the GeneOne employees and management team. The employees cannot see the positivist 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...
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