Options for Implementing a Leadership Change
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Options for implementing a leadership change
Leading change is one of the most critical and complex leadership responsibilities of top management. “Effective leadership is needed to revitalize an organization and facilitate adaptation to a changing environment” (Yukl, 2006, p.284). Team B will propose a leadership changes at a bio-tech company within the plant research and bio-agriculture industry, Gene One. The company’s executive team is considering the opportunity of staging an Initial Public Offering (IPO) in the near future. Team B has considered two options, remain a private entity or proclaim the end vision to succeed as a publicly traded company. Through extensive research, and to devise a clear strategy allowing Gene One to demonstrate growth, create IPO capital, and entice investors, collectively, Team B has determined change is required, and will pursue an IPO within 36 months (Gene One, 2010). To support our initiatives, Team B will analyze atleast four members of the Gene One leadership team and will consider prospective candidates to align with the identified Sarbanes Oxley Act (SOA) requirements of the company’s new business model. Finally, Team B will identify the change strategy used to implement change that effectively pairs leadership structure and styles with the chosen end vision.
Approach for leadership change
When an organization is planning a change two actions will occur. The change will improve the ability of the organization and employee behavior will alter. If Gene One wants to survive and become a competitor the industry it must respond to constant changes in the environment. The management of Gene One hired an outside consulting firm to assist with change in the organization. Some ways to deal with change are education and communication; by helping the employees understand the change and explaining why the change is needed, and by including the participation from the members of the organization. Building support and...
Leading change is one of the most critical and complex leadership responsibilities of top management. “Effective leadership is needed to revitalize an organization and facilitate adaptation to a changing environment” (Yukl, 2006, p.284). Team B will propose a leadership changes at a bio-tech company within the plant research and bio-agriculture industry, Gene One. The company’s executive team is considering the opportunity of staging an Initial Public Offering (IPO) in the near future. Team B has considered two options, remain a private entity or proclaim the end vision to succeed as a publicly traded company. Through extensive research, and to devise a clear strategy allowing Gene One to demonstrate growth, create IPO capital, and entice investors, collectively, Team B has determined change is required, and will pursue an IPO within 36 months (Gene One, 2010). To support our initiatives, Team B will analyze atleast four members of the Gene One leadership team and will consider prospective candidates to align with the identified Sarbanes Oxley Act (SOA) requirements of the company’s new business model. Finally, Team B will identify the change strategy used to implement change that effectively pairs leadership structure and styles with the chosen end vision.
Approach for leadership change
When an organization is planning a change two actions will occur. The change will improve the ability of the organization and employee behavior will alter. If Gene One wants to survive and become a competitor the industry it must respond to constant changes in the environment. The management of Gene One hired an outside consulting firm to assist with change in the organization. Some ways to deal with change are education and communication; by helping the employees understand the change and explaining why the change is needed, and by including the participation from the members of the organization. Building support and...