Gene One Case Study
Gene One -- Leadership Change
Gene One is a biotechnology company that has increased its revenues over the past eight years from two to $400 million per year. The company attributes its success to gene technologies which help farmers to produce vegetables without using chemicals. The board of Gene One decided to go public in order to gain more capital and to remain competitive and assure continued success. Recently, the founder, Don Ruiz passed away, leaving his siblings and other members of the board of to carry on with the plan. The timeframe established for the board was three years, with the goal of achieving conservative annual growth targets of 40%. The goals and visions of the new strategy.
In order to achieve these aggressive goals, the company must restructure of the team members and add new members in accordance with the overall plan. The siblings are interested in keeping peace within the company and with the wishes of the company. The leadership position will be filled from within from among eligible candidates already on staff. Charles Jones was selected to fill the key leadership role because of his reputation for smart risk taking and for his connections within the biotechnology industry. Charles of demonstrated that even though he did not invest in the company, his professional pride is what motivates him to work hard towards achieving the goals of the company.
Another strategic leadership change was needed due to the resignation of Angela Thomas, VP. It is felt that this loss could have been prevented had the leadership style of Don been less intimidating. Her replacement was achieved through internal recruitment. Bill Chang was the chosen candidate. One more team member is still of concern. Teri Robertson needs to be motivated to remain with the team and not leave.
In addition to these requirements, Don's family places the following restrictions on the new leadership structure. The team that is formed must be able to the following and according to the guidelines and the following timeframes. In order to go public a team is needed to guide the company through the transition. Good communication practices will be paramount to the success of the transition. Lucas Antonio was selected to head this team and will report to the board director. This team leader will be charged with creating an IPO training program to help employees better understand the company's new direction.
Greg Thoman will remain head of human resources. He will serve as the negotiator between the management and the staff. He will be in charge of communicating decisions made by the board to the employees. He will also be in charge of listening and answering questions or concerns that may arise with the employees. This position will be of utmost importance in the change, as communication is expected to play a key role in the success of the change.
It was decided that Michelle Houghton would remain Chief Financial Officer. Teri Robertson, should she decide to remain, will retain her position as Chief Technology Officer. The person in this position will be responsible for making certain that the company has adequate technology to achieve their end vision. Board member John Kirby and Susan Wells will also remain at their current positions.
Throughout the transition, the managers and leaders of each of the department will be trained in communication skills and leadership styles necessary for achieving a successful transition. Of the following analysis will examine current leadership and their characteristics that will present opportunities and challenges for them to achieve success in the new transition.
Michelle Houghton, CFO
As stated previously, Michelle Houghton will remain in her position as CFO. She demonstrates a participant leadership style, and has a strong sense of ownership and emotional attachment to the company. These positive...
The extent of this collaboration between them was shown to be a powerful predictor of the firm's ultimate success along with products in development, products on the market and the number of people it employed (Hand). Forecast and Conclusion - Biotech promises to feed the world, reduce environmental harm, expand agricultural markets and production possibilities and create products consumers want (Shoemaker et al. 2003). Farmers seemed to trust and accept
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