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Running head: SCENARIO ONE SOLUTION: GENE ONE CORPORATION
Problem Solutions: Gene One Corporation
University of Phoenix
Transformational Leadership (MBA 520)
Problem Solution: Gene One
Gene One is emerging into a dominant force in the biotech industry and is looking forward to achieving extensive market growth. The Chief Executive Officer [CEO] and the Board of Directors feel an Initial Public Offering [IPO] is necessary to raise the capital required to attain this goal. This paper will use the nine steps of the Problem Based Learning module to discuss the issues and opportunities as well as raise the risks and alternatives available to the company in scenario one. First, we will look at the situation background.
Situation Background
Gene One is a biotech company specializing in groundbreaking gene technology used primarily to eradicate diseases in tomatoes and potatoes (University of Phoenix 2006). They grew from a small five-person team and a $2 million dollar investment, into a $400 million dollar company in just eight short years. The CEO and his Board of Directors have decided that in order to continue the company's upward growth and to reach their conservative growth targets they need to go public within the next three years. Gene One is a very young company and the current members have no experience in an initial public offering. The inexperience of the current leadership and the apprehension of the employees make for a volatile situation.
Issue Identification
Gene One employees are undecided over the decision to pursue an IPO. Many of the employees have grown to love the atmosphere of the small start up company and feel a public company will force them to ma ...