Gene One is coming up on another stepping-stone for their organization with the transition to an IPO. They have come a long way since they first began in 1996 from a small start-up company to a company that needs to go public to attract investors and capital to fund the new products, staffing and innovations. Their culture is lacking the growth and has not grown as fast as their successful products have. The CEO and founder, Don Ruiz, needs to use his leadership skills to lead the organization through these hard times. He needs to provide a project plan that will communicate to his leadership team the organizations corporate vision and his path for success. This plan will include a leadership development program, IPO expertise, a strategic research plan and a marketing strategy. There will have to be some new leaders added to the leadership team to replace those who are not on board with the new changes that will be occurring.
Issue and Opportunity Identification
Gene One is in a transition phase at this time and needs transformational leadership. Transformational leadership is defined as a leadership perspective that explains how leaders can change the organization by creating, communicating and modeling a vision for that organization and inspiring employees to strive towards the vision (McShane and Von Glinow, 2004). This is the case for Gene One. The opportunity they have is to develop an effectively performing culture all working towards the same goal.
Don Ruiz is looking for an increase in their revenue growth by 40% by increasing the number of products they produce in their research and development team. The problem the organization has is that, the research needs to be done and done effectively however, it will take time. They will need to increase the...