Gene One Change Strategy

In 1996 cistron One entered a biotech industry and has make a miracle discovery in gene technology that eradicated distemper in tomatoes and potatoes. The discovery of this new technology has leaded Gene One from a $2 million dollar start-p to a $400 million dollar company in slight than eight years. Gene Ones management observe the rising stock indices on Wall Street that indicated increase interest in biotechnology and has decided to go earth and to sell its common shares through an IPO (Initial Public Offering) to hassle capital for research, development and expansion. The primary(prenominal) Executive Officer wear upon Ruiz and his Board of Directors set up a deadline of 36 calendar month maximum to be up and running. Don Ruiz in his email to a senior lead team noted: I realize that, collectively, we have zero experience with IPOs, so I think it is critical that we get ourselves a small-arm of an education about IPOs and begin outlining the step we need to take as we move through this summons (Gene One Scenario, 2009, p.2). Gene Ones senior leadership team includes five members: Don Ruiz, Chief Executive Officer, Michelle Houghton, Chief Financial Officer, Charles Jones, Marketing Officer, Teri Robertson, Chief Technology Officer, and Greg Thomas, Chief human beings Resources Officer.

All members of the leadership team are highly hardcore to the company and share Dons vision for the coming(prenominal) growth; therefore, his new strategy was accepted in principle. However, every member of the team expressed some concerns and even fortress regarding to the change. Efforts to implement change in an organization are much likely to be successful if a leader understands the reasons for foe to change, sequential phases in the change process, different types of change, and the importance of exploitation appropriate models for understanding organizational problems (Yukl, 2006, p.285). There are a number of different reasons why people resist major(ip) changes in organization: lack of trust, belief that change is... If you deficiency to get a full essay, order it on our website: Orderessay

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