Week 5 Individual Assignment Essay Example | Topics and Well Written Essays - 2250 words

Week 5 Individual Assignment - Essay ExampleThe purpose of this paper is to describe the strategic plan, huntership considerations, and early(a) factors that will allow divisor One to acquire the transformational process successfully.The former chief executive officer of the company apply Ruiz had the right idea in mind when he developed the idea of turning the company into a popularly traded entity. Don has passed away and Gene One is currently in dying need of a new CEO that is able to transform the company so that it can become an efficient public enterprise. The three primary goals of Gene One are to grow its revenues by 40%, to raise spare capital, and to develop new products. The timeline for completion of the IPO process is a maximum of 36 months. Prior to his wipeout Don Ruiz had made remarks in the scenario that he might not be the right person to lead the company in the transformational process. Now that the company has to fill his vacancy the human resource depart ment essential recruit a new CEO. This CEO has to have the right leadership style to inspire the lag into believing that the direction of the company is the right path.The chief executive officer position is the top carriageial position within a corporation. Due to the changes that are occurring within Gene One the new CEO has to be a true leader in order to ensure his troops follow the managers guidance. A leadership style that is well suited for the CEO position at Gene One Corporation is a charismatic leadership style. A charismatic leader can be defined as a leader who by force of their personal abilities is capable of having a large(p) and extraordinary effect on followers (Schermerhorn & Hunt & Osborn, 2003, p. 300). An example of a charismatic leader is Martin Luther King. charismatic leaders have high moral beliefs, great interpersonal and communication skills, and the ability to inspire others to achieve higher levels of performance.At Gene One