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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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).
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