Problem Solution: Gene One

Essay by geeksB+, January 2009

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Any company that is successful aspires to go public for the simple reason to broaden the horizons of productivity and profitability. I ask myself a question, what did Google achieve by going IPO? Answer to that is a generic benchmark for all the companies who aspire to be an IPO. Recent example is CBOT (Chicago Board of Trade). As soon as CBOT went public on Tuesday, October 19, 2005, the shares doubled in initial trading. (Malone, 2005). The benchmark is that people trust public holdings than the private holdings. (Choo, 2005). It provides confidence in the company as it promotes transparency in management and day to day operations plus the profitability is for everyone to see and evaluate. In this paper, I will discuss Gene One situation and its end-state goals using the 9-step problem solving model.

Situation Background (Step 1)Gene One is a successful biotech company with breakthrough discovery that facilitate the plantation industry.

Gene One CEO believe that in order to realize growth and stay competitive, the company needs to be an IPO in next 3 years to gain capital for development, marketing, and growth. The goals of CEO and his Board's are to become industry leader and a successful public entity. Gene One has many characteristics behind its successful story: strong leadership, great products, innovative solutions, great knowledge base, very good industry reputations, passions, and efficient process. However, with the resignation of Angela Thomas and effort to meet IPO requirements, Gene One is forced to reconsider its focus such as profit and growth versus research and development. Gene One needs to define corporate culture in order to realize its full potential and continued success in the industry. Gene One needs to make sure these common goals and similar visions exist between the organization and its members.