OPTIONS FOR IMPLEMENTING A LEADERSHIP CHANGE

Options for Implementing a Leadership Change

Options for Implementing a Leadership Change

Introduction

Gene One penetrated the biotech business with gene expertise that thwarted disease in potatoes and tomatoes. Because of this, farmers no longer required to apply pesticides while implementing these plans and consumers were satisfied to purchase domestic products clean from the injurious chemicals. This business developed to Four hundred million dollars Company in a very small tenure. The Chief Executive Officer and the Board of Directors are endeavoring to make it an INITIAL PUBLIC OFFERING company to gather its capital.

Situation Analysis

Issue and Opportunity Identification

Gene One is a biotech company focusing in innovative gene technology used to chuck out diseases in potatoes and tomatoes. They have developed very much in the current years. The Gene One company must convert the troubles into optimistic outcomes. The leadership must become stronger and if they do not work on this then there might be future issues with the company. The Gene One team must view the whole setting and emphasize on the troubles and potential prospects. Few of the concerns that led to the opportunities and issues incorporated increasing stock prices on Wall Street which showed a sustained concern in biotechnology. Gene One also requires INITIAL PUBLIC OFFERING capital for marketing strategies and new products. They must start the company as a major player and become a public company and that way its leadership can continue towards stability.

Leadership Change

Applying leadership change at Gene One would start with choosing a vision in favor of the company subsequent to a thriving Initial Public Offering (IPO). It is important for leaders to allow the company to properly flow through the three stages of change: unfreezing, changing, and refreezing (Yukl, 2006). By allowing employees to realize old ways are no longer adequate, and allowing them to implement new techniques will reduce the amount of resistance they develop. By eliminating reasons for employee's resistance to change, leaders will be more successful in implementing the new vision.

The Vision

Establishing a clear and compelling vision statement for Gene One will help guide change throughout the company. By developing an attractive future goal, employees will be more likely to support organizational change and can justify the need for sacrifices and hardships. The vision statement will appeal to the values, hopes and ideals of the employees, board members and stakeholders (Yulk, 2006). Most importantly, the vision will be simple enough to explain to others within minutes.

The end vision for Gene One will be to create more innovative products aimed at increasing customer satisfaction and global growth. This vision statement represents the goals Gene One wishes to accomplish in the future. Additionally, it focuses on improving customer satisfaction, involving employees in product development, producing better products and expanding the company all while contributing to society. With gross sales totaling over $400 million annually in eight short years, Gene One has established a reputation as a successful organization. The company's new goal is to increase profitability by 40% and develop ...