Options for implementing a leadership change Essay

broker adept is a biotech company that has seen unfluctuating yield since entering the biotech industry in 1996. It was put togethered by the late Don Ruiz and cardinal other directors.During the last eight years, component One has grown to find a $400 million dollar company. factor One wants to continue this growth, and has decided to turn a profit additive growth and funds by issuing an Initial Public pass (IPO). This is in order to remain hawkish in the market, since it ask more heavy(p) for new pay offment, advertisement, and marketing if it is to remain successful.In order for the IPO to be successful, component One needs a self-coloured foundation to build upon. cistron One provoke take an in-depth look at key concepts such as equitable aggroupwork through cooperation, trust, and cohesiveness, sources of conflict in organizations, knowledge anxiety, elements of organizational grammatical construction, and appreciate the influence of organizational str ucture on power and governing (Scenario, 2006). element One is a outgrowth company with many opportunities for supercharge growth in the future. With this change, broker One needs to revaluate all areas of the company and watch solutions to problems at bottom the organization. The company has many opportunities for changes, which will change them to reach the goals needed. The key project is to find the best solution that will alter cistron One to reach their goals, and be possess it away better than its competitors. It will need to criticism the solutions that they have come up with, and the additional alternative solutions that have not pull down been reviewed (Holmstrom, 1994). police squad compendAfter the wipeout of Don Ruiz, there is a cosmic leading gap left in the management of Gene One. The team is and then incomplete without him, which is undesirable for effective management.Team building is both challenging and rewarding. utile teams achieve results far b eyond what individuals could get through on their own. However, team building is much more than putting a root word of hoi polloi together and hoping for the best.Teambuilding is an art that overcomes differences in carriage, personality, and other potential areas of conflict, but steady when a team functions in rack up harmony, it may not achieve its goals (Brickley, 1987).As Dons siblings, we have found ourselves having to take part in attractorship at Gene One. Each family penis was assigned one member of the be four members of the executive. In order to assess the remaining teams likelihood of success, I gathered information around one team member and did an analysis on it. During my analysis, I found my able to have the following desirable attributesHe can take charge, is assertive and can take control of a situation. He is outgoing, people-oriented and extroverted He is concerned with accuracy, flesh out and exactness He is competitive, has a bulky desire to win and is aggressive He is easy going and casual, and takes things as they come He likes identifying and analyzing problems He is concerned with incidentally results and is quick to take action He is good team player who plant substantially with others he is concerned with standards and full(prenominal) quality workAttributes not well representedDespite all the good attributes, I found my subject with a few negative attributes. They include he has a negative attitude regarding people and outcomes He is highly emotional and considerably loses his temper He gets impatient with the low-altitude staffRecommendationWith a few changes to the leadershiphip structure of Gene One, I recommend my subject for a further role in management of Gene One. His attributes are impressive and can pencil lead the company to great heights. However, he should service take the company through a transition to usher in a structure that resolves ownership from management.Leadership agencyGene One need s to develop a leadership style that involves the leader including one or more employees in the decision making process. However, the leader maintains the last(a) decision making mandate. Using this style is not a sign of impuissance rather it is a sign of strength that your employees will respect. This is normally used when you have part of the information, and your employees have other parts. notation that a leader is not pass judgment to know everything-this is why you employ inner and skillful employees. Using this style is of rough-cut benefit it allows them to become part of the team and allows you to make better decisions (Tannenbaum & Schmidt, 1958).Leadership structureThe leadership structure at Gene One should change such that the titles of chief executive officer and chairman of the board are separate entities. This will help separate management from leadership. This is the best leadership structure for prominent corporations or others hoping to enter that league .Most queen-sized corporations are not managed by their owners or shareholders. Instead, they are managed by a leader-chief operating officer or President- and a team of officers. The CEO or president is usually a overlord trained in a special field with the necessary experience. The CEO is accountable to the stockholders through their elected representative, the board of directors. Gene One should not have a dual CEO where the CEO functions at the same time as the chair of the board. A non-dual CEO would be the best option for Gene One. Research has shown that CEO duality threatens display panel independence, and can erode the essential unmindfulness responsibilities of the Board (Daily and Dalton, 1994).Negative leadership should be avoided at all costs. Negative leaders act domineering and superior with people. They suppose the only way to get things through with(p) is through penalties, such as wrong of job, days off without pay, reprimand employees in front of others, etc. They believe their authority is increased by frightening everyone into high lever of productivity. Yet what always happens when this come on is used wrongly is that morale travel which of course leads to lower productivity.