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Transformational Leadership

opinionated Essay
1610 words
1610 words
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Transformational Leadership

There are several reasons why companies become public entities such as growth financing (Working capital for growth, physical expansion), acquisition financing (Equity, stock swaps and debts), turnarounds, management and employees buyouts and Internet financing among others. There are three key concepts that will be identified and evaluated such as Organizational culture, organizational culture and ethics and group and team formation, in contrast with comparing the following companies: UPS and Goldman Sachs.

Organizational culture can be defined as the basic pattern of shared assumptions, values, and beliefs considered to be the correct way of thinking about and acting on problems and opportunities facing the organization. It defines what is important and unimportant in the company (McShane & Von Glinow, 2005, p. 25). Organizational culture covers elements like beliefs, values and assumptions and these elements make companies different from each other.

At Gene One, the CEO and his board believe that in order to keep pace with demand and realize conservative annual growth targets of 40%, Gene One is going to have to go public within the next three years. The CEO and his board have devised a clear strategy with the help of key members in the investment community. It is their hope that implementing it will help Gene One realize its growth targets, establish the company as a strong competitor and show Wall Street that Gene One has the leadership and organizational capabilities to succeed as a public entity. As an example, this e-mail to the Senior Leadership from Don Ruiz, CEO, “I just returned from a Board meeting, and you’ll all be pleased to know that we’ve gotten the go-ahead we need to proceed wit...

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...achs.com

Mark Basch, Times-Union business writer (1999, August 2). UPS going public, but IPO will be of Class B shares: [CITY Edition]. Florida Times Union, p. 8. Retrieved December 5, 2007, from Business Dateline database. (Document ID: 43645188).

NEWSLINE Goldman Sachs going public: [City Edition]. (1998, June 15). The Patriot Ledger,p. 06. Retrieved December 5, 2007, from Business Dateline database. (Document ID: 30308809).

Noelle Knox Associated Press (1999, March 9). GOLDMAN SACHS GOING PUBLIC; CO-CEO TO LEAVE: [VALLEY Edition]. Daily News, p. B1. Retrieved December 5, 2007, from Business Dateline database. (Document ID: 39601079).

Russ Bynum Associated Press (1999, July 22). UPS GOING PUBLIC IN GROWTH PLAN: [VALLEY Edition]. Daily News, p. B1. Retrieved December 5, 2007, from Business Dateline database. (Document ID: 43379557).

http://www.ups.com

In this essay, the author

  • Explains that companies become public entities due to growth financing, acquisition financing and turnarounds. organizational culture, organizational culture and ethics, and group and team formation will be evaluated.
  • Defines organizational culture as the basic pattern of shared assumptions, values, and beliefs considered to be the correct way of thinking about and acting on problems and opportunities facing the organization.
  • Explains that gene one's ceo and board believe that in order to keep pace with demand and realize conservative annual growth targets of 40%, it will have to go public within the next three years.
  • Compares ups, the world's largest package delivery company, and one of the biggest privately held u.s. corporations.
  • Opines that ups carefully considered the challenges and opportunities of the changing marketplace for the future of their business.
  • Explains how ups plans to go public surprised some analysts. the idea is to create a pool of publicly held stock that ups can use in acquisitions and other business deals.
  • Explains that ups's initial public offering will be complicated, since it is owned only by employees and is not publicly traded.
  • Explains that ups will continue to be employee-owned and owner-managed, allowing us to preserve the best aspects of our culture while meeting the business challenges of the 21st century.
  • Explains that goldman sachs group lp, the richest and biggest investment bank, voted to end 129 years as a private company and sell shares to the public.
  • Explains that goldman sachs & co. will try again to turn wall street's last large private partnership into a public company.
  • Opines that if gs goes public, it would mark the end of an era for the reserved, 130-year-old investment bank.
  • Opines that goldman partners will give up privacy, loyalty, and the ability to make decisions based on the long term.
  • Opines that corzine plans to leave the firm after the public offering. he will stand down from his remaining duties.
  • Analyzes how corzine's reputation inside the investment bank suffered after goldman postponed plans to go public, spent hundreds of millions to bail out a failing hedge fund, and then lost several hundred million in bad bond trades.
  • Explains that gs's culture reflects more than a structure and it is an expression of values. their commitment to integrity, excellence, teamwork, innovation, and meritocracy enables them to build relationships with colleagues and clients.
  • Concludes that these three companies are a great example of excellent leadership and organizational culture. great teamwork, cooperation, and ethics are just ways to show how important these factors are within the companies.
  • Explains that ups going public, but ipo will be of class b shares.
  • Cites noelle knox's associated press article, "goldman sachs going public; co-ceo to leave: [valley edition].
  • Cites russ bynum's associated press article, ups going public in growth plan.
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