This website uses cookies to ensure you have the best experience. Learn more

Problem Solution: Gene One Corporation Essay

5259 words - 22 pages

Problem Solution PAGE \* MERGEFORMAT 1
Problem Solution: Gene One CorporationToshira D. McCoyUniversity of PhoenixProblem Solution: Gene One CorporationBiotechnology refers to "techniques that use organisms or their cellular, subcellular, or molecular components to make products or modify plants, animals, and micro-organisms to carry desired traits" (Paugh et al, 1997, page 9). The biotechnology industry has developed dramatically throughout the decades. Companies, such as Amgen and Gene One, have been recognized for its developments of drugs and produce through genetic research. Gene One specializes in the creation of produce without use of pesticides. Consumers can enjoy products, such ...view middle of the document...

" The company consists of individuals who each have a passion about working in the biotech industry. For example, Chief Executive Officer Don Ruiz, invested $2 million as well as his extensive biotech knowledge into the company.Currently, all the employees are accustomed to operating on a private level. Due to the decision to go public, the leaders now have a huge possibility of problems to deal with. For example, many of the employees have been committed to the company for years. Once the leaders' decision is communicated to these individuals, the fear exists that many workers will leave the company. Two key players, Angela Thomas and Teri Robertson, have announced their intentions to resign from Gene One because of doubts about the company's ability to move into a bigger market.Simply, different beliefs and values exist in this organization. The individuals that started the company are willing to take the necessary measures to strengthen the organization. Due to the possibility that certain individuals will leave, the leaders will have to modify the organization's staff by hiring more specialized and committed persons.The best way to obtain these objectives is through cohesiveness of Gene One's executives and employees. "Cohesiveness is a process whereby a sense of 'we-ness' emerges to transcend individual differences and motives" (Kreitner and Kinicki, 2004). All involved persons must realize that they are all working towards a common goal: the success of Gene One. Without togetherness, the company is doomed to fail in today's industry. Table 1 (see page 13) provides a more detailed listing of all issues involved in this situation. The issues present a variety of opportunities for Gene One.Opportunity IdentificationThe decision to go public involves the reorganization of a company's culture as well as its business structure. As a publicly traded company, the majority of success is derived from the acceptance by society. As mentioned beforehand, many of Gene One's present employees are considering resigning from the company. The need to hire new workers that are skilled in the biotechnology industry and possess a strong commitment and desire to achieve is obvious.An initial public offering requires the company to transition from private to public. "The transition stage of development can be equated with the "re-birth" or "restart" of organizations. This stage of development is of vital importance in board and small business research due to the requirement by the SEC of a board of directors during an IPO" (Finkle, 1998). The leadership team of Gene One realizes that directors must be independent and one person must be a chief financial officer or certified public accountant. Currently, Michelle Houghton is the only employee who has this experience. An IPO presents the opportunity for Gene One to modify its current leadership. Table 2 (see page 14) explains each of the opportunities in more detail. Consequently, upper management must take into...

Other Essays On Problem Solution: Gene One Corporation

Biomedical Technology Essay

1009 words - 5 pages The advanced field has proven that the human body is a mix of fallibility and intolerance For instance, when organs ware out it takes a while for your name to be put on a list, even after your name is put on the list you wait and wait. Then after the surgery you have to take Immune depressing drugs for the rest of your life. Eventually people will be able to bypass the list and the drug problem by creating an organ from your own cells.A cell

Genetically Modified Foods Helpful Or Harmful?

1368 words - 6 pages however they are not completely useless.Mankind doesn't know the long term affects GMOs could produce by injecting a gene from another species. Why would a person risk food security opposed to eating organic foods which have been proven healthy throughout history. In despite of the dangerousness, the foods have still been on our table without verification. No one can guarantee how GMOs' side effects will affect us long-term and proving their safety

In This Unit I Have Learned A Lot About Creation

649 words - 3 pages basically the Big Bang theory. There are big flaws in that one though. The rotation is a big problem. If the Big Bang theory were correct, everything would be rotating the same direction. But not everything is. That is a big problem. Another is, if the universe was billions of years old the moon dust would be miles deep, it is only a few inches deep though. Also, if the universe were billions of years old, the moon would've started out on top of

Aspects Of Biology

1573 words - 7 pages therapy will be that the human race could be perfect, without DNA flaws. No one would die of cancer, have genetic disease, or be obese. Would a perfect person be able to make a flawless child? There are people out there that think that gene therapy is wrong and should not be researched because it is like we are playing God and altering who we are as individuals and could start making all of us the same, like clones in affect.Through these multiple

Miniscribe Corporation

1685 words - 7 pages EXECUTIVE SUMMARYTerry Johnson, a native of Longmont, Colorado established the MiniScribe Corporation, a disk drive manufacturing company that would grow to be one of the largest producers and distributors of disk drives for personal computers in America.This report focuses on relevant facts and figures in the evaluation of MiniScribe's liquidity, profitability, and overall stability aiming to determine whether or not maintaining its stocks on

Raising Of The Corporate Veil - ENRON

8487 words - 34 pages then led to the problem of Principal/Agent conflict and agency costs, as the interests of the owners and the managers were often divergent. In this section, we discuss these concepts as they apply to corporates.1.1 Separate Legal EntityThe word "corporation" derives from the Latin corpus (body), representing a "body of people", i.e.: a group of people authorised to act as an individual.A corporation is a legal entity (distinct from a natural

Study Skills "20 Questions And Answers"

1030 words - 5 pages 1.What are the 3 stages of memory? Explain each.Stage 1: Encoding: is a process of acquiring information.Stage 2: Storage: occurs when information is stored.Stage 3: Retrieval: is the process of getting at and using information held in storage.2.What are the 5 learning styles? Briefly explain each in complete sentences.Part One-Social or Independent Learners: Social learners tend to be people-oriented and enjoy personal interaction. Independent

Let It Pour: My First Assignment As Executive Assistant

2884 words - 12 pages and I will be evaluating them each separately.Problem #1 First we have to identify the problem. We are seeing decisions that are being made for the patients based on the particular doctors' morals, and ethical beliefs. As the CEO stated "On one hand, we have particular patients who refuse to take certain medical services, and on the other hand, particular staff members who refuse to provide certain services." The doctors are not following

How to be a wise buyer. The tricks to wise buying. How to avoid scams, and what to do if one occurs

362 words - 2 pages the one on the previous page.Talk to the shop attendant. Present the problem and a possible solution. If this fails ask for an appointment with the store director or manager. If you still cannot decide on solution you both agree on ring the office of fair-trading and ask their advice. If the advice given does not prove useful in coming to a resolution, lodge a complaint at the Small claims tribunal (SCT). Once you have lodged a complaint it may

Game Theory

736 words - 3 pages looking to accomplish. The main concept of game theory is cooperation. When everyone in a group can cooperate it allows them to collaborate and come to a better solution to a problem than if one was to address the problem as a sole performer. I think that when you look at a group setting with this theory in mind it will help you be happier to be part of it. Of course it is important to have all of the members in the same state of mind. I feel that even when someone comes to the group being uncooperative and closed minded, they can still be used effectively and hopefully be taught to be cooperative. Game Theory 2

Air Polution

1574 words - 7 pages Essay presents the problem of air polution as well as a solution and implementation. Very well-organized paper, good sources.ProblemThe first thing people see, in the morning, when they walk outside is the sky or the colored sun. Is this world giving us the privilege of seeing the natural colors of the sun through all the layers of pollution within the air (Dinanike 31)? Not only are beautiful sights such as this hidden behind the pollution this

Similar Papers

A Separate Peace 4 Essay

813 words - 4 pages The Mind Murders the Body By Sina Samie "Adolescent friendships are of the most complex companionships due to the suppressed feelings of contempt one child may feel toward another." The deterioration of the complex friendship of Gene and Phineas is brought about in John Knowles' A Separate Peace by the combination of their envy and denial. Finny and Gene begin their summer of 1942 with the illusion of a great companionship. Gene's paranoia and

Biotechnology Essay

882 words - 4 pages possibility.Biotechnology is the application to industry of advances made in the techniques and instruments of research in the biological sciences. The practical use of DNA and genes, called genetic technology or gene science is one of the fastest growing areas of research in biotechnology. The growth of the field of biotechnology is, undoubtedly, dependent on the development of genetic engineering. Scientists have been able to make use of the fact

Our Health And Genetically Modified Organisms

1670 words - 7 pages vitro into one molecule to create a new gene, and then this DNA is transferred into an organism and causes the expression of the trait or traits. Genetically modified foods are very prevalent in today's society, ranging from simple genetically modified bananas to edible vaccines and antibiotics. Even though these foods might seem perfectly normal and natural at first glance, they are different and have various positive and negative health impacts to

Experiences With Decision Making Models Essay

997 words - 4 pages Competitive Landscape (Bateman & Snell, 2003) and how it was used to for the licensing and implementation of an HRMS/Payroll system. The ideal decision-making process involves six stages; Identifying and diagnosing the problem, finding alternative solutions, evaluating alternatives, a solution is chosen, implementation and evaluation of the decision made (Bateman & Snell, 2003). As Director of Human Resources and Payroll at a telecommunications