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Problem Solution: Gene One
Collette Eiland
University of Phoenix
Problem Solution: Gene One
Gene One is a company that specializes in biotechnology. It was initially started by a group of five with different backgrounds. The initial investment was $2 million dollars and it is now a $400 million company within a short time frame. The company is currently faced with a situation where the opportunities are endless. Gene One must go public and the time seems to be now. The company feels that an Initial Public Offering (IPO) is needed to raise capital to remain competitive.
The CEO and the Board want to move forward, though not everyone on the team is supporting the methodology behind the IPO. The public, including the Wall Street Journal feel that the company is sound due to its current leadership ability as well as its organizational structure. With a decision to pursue the IPO, the leadership team will need to remain strong and work towards the new strategic plan while remaining engaged and keeping the rest of the employees engaged as well.
Situation Analysis
Issue and Opportunity Identification
Fortunately, Gene One has been a very successful company from the beginning. The biggest opportunity at this point in regards to their current standing is the IPO. With that, there are several issues that have been identified. Since they have been identified early within the initial planning stages, they are also areas of opportunity.
In order for Gene One to successfully laun ...