benchmarking GeneOne Free Essay, Term Paper and Book Report
Introduction:
Gene One entered the biotech industry in 1996 with groundbreaking gene technology that eradicated disease in tomatoes and potatoes and grown to a $400 million company in eight years. The CEO and Board at Gene One devised a strategy to go public with a goal of 40% growth in next three years. A challenge that Gene-One faces is the prospect of becoming a public company and maintaining a need for retaining talented employees. The conflict between management and employees within Gene-One has resulted from poor communication, lack of leadership, and an overall inability to resolve conflict through negotiation. The issues found at Gene One is:
X Lack of strategic leadership to manage the group process.
X Lack of integrated roles, interaction of groups, and viability of work team.
X Conflict and dissention among team members and lack of communication.
X Lack of experience and knowledge of IPO.
The challenge Gene-One must counter on the path to an IPO is the development of strong and unified teams. Wal-mart successes provide Gene-One with a useful example of h......
Word Count: 1015
Page Count: 4 (250 words a page / double spaced)
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