Situation Analysis and Problem Statement
In an ever changing business landscape and dynamic period of start-ups where change is the only thing than seems to be constant, organizations require two key entities: effective teams and transformational leaders. Effective teams are required to adapt to organizational changes, embrace and evolve with the change, and seize opportunities that come with the change to achieve the organizational goals. Transformational leaders require being inspirational in their vision, and through demonstration of commitment and belief to the vision, cause others to embrace and make significant sacrifices to achieve the common goal. Such leaders require having the ability to lead an organization through major changes by strong commitment, consistent use of problem solving techniques, determination in reaching the goals, securing necessary resources that are knowledgeable and aligning the culture and resources with the vision to effect a successful organizational change.
This paper discusses about the changes that occur in a high-growth bio-technology company and the challenges that arise during the transformation to become a public company. The leadership team encounters a great deal of challenges during this transformation. The author uses a nine-step problem-solving approach to help the leadership team to identify the challenges and opportunities in effectively handling the transformation. The author attempts to describe the situation by identifying the issues that exists in the company, the challenges that the leadership team faces during the transformation and the opportunities that exist to be leveraged. The author then identifies the stakeholder perspectives and ethical dilemmas that the organization faces as a result of competi ...