Problem Solution: Gene One

3666 words, 15 pages

Intro Sample...

In 1996, Gene One entered the biotech industry with groundbreaking gene technology that eradicated disease in tomatoes and potatoes. As a result, farmers no longer needed to use pesticides when growing these plants and consumers were pleased to buy homegrown products untainted by chemicals. This has turned Gene One from a $2 million company to a $400 million company in just eight short years. Gene One has decided to take the leap and take the company public. The interest was caused primary by the rising stock on Wall Street indicating strong growth and interest in the biotechnology industry. The idea was strengthen by the leadership change at the Food and Drug Administration which enhanced investor confidence in the industry. The... View More »

Body Sample...

Next you have to write your goal in the positive instead of the negative. The fifth step is to write your goals out in complete detail. Then to make sure you goals are high enough to obtain and finally write down you goals (Donohue, 2007). One of the outcomes of goal setting is direct attention which goals that are personally meaningful and tends to focus one’s attention on what is relevant and important, also goal setting regulate effort meaning not only does it make individuals and business selectively perceptive, but they motivate individual and business to act. Goal setting increases persistence which represents the effort expended on a task over an extended period (Kinicki & Kreitner, 2003). When obstacles, persistent people tends to see them as hurdles to overcome rather than reasons to fail.
Has Gene One made strives to come up with solid goals? The company has to take a number of areas in consideration to insure success. A few of these concerns are financial controls, meeting the requirements of the SEC, identifying the state in which to incorporate as a public company, identifying the investors to focus on, and finally to identify the multiple investment firms. It has been stated by members of the leadership team that the Sabanes-Oxley Act (SOA) states the requirements needed to go public is not current in place at Gene One. It states that the company should have at least one member with financial experience as CPA or CFO. It also requires the board to have three committees to represent auditing, compensation and nominating. There concern is that ...

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