SITUATION ANALYSIS AND PROBLEM STATEMENT: GENE ONE CORPORATION
Situation Analysis and Problem Statement: Gene One Corporation
University of Phoenix
MBA 520: Transformational Leadership
Situation Analysis and Problem Statement
"Transformational leaders are rigorous leaders who challenge the status quo and drive change within their organizations" (Newcomb, 2005, p. 34). Every organization needs a leader who can change as fast as market conditions do to continuously add greater value. The leaders must able to lead their organizations so that they adapt and improve in an environment of continuous change" (Newcomb, 2005, p. 34). Although Gene One is experiencing immense success, the organization feels that it is important to implement changes to keep up with the pace of the demand in its industry. This paper will address the issues and opportunities that Gene One is facing in its pursuit to stay on top. Any ethical dilemmas rising from the issues and opportunities will also be discussed and analyzed. To bridge the gap between the current state and the desired end state goals, a problem statement will be defined. The goals will be defined in a specific, measurable, attainable, realistic, and timely manner. Gene One's situation will give a clearer picture as to why and what changes are taking place.
Situation Background (Step 1)
Gene One is a $400 million biotech company that was established in 1996 by Don Ruiz, the Chief Executive Officer (CEO), and four colleagues. Don contributed a substantial part of the two million dollar start-up investment. His primary objective is to go public within three years and grow 40% annually. Michelle Houghton, the Chief Financial Officer (CFO), is also a founding member ...