NanoGene Technologies, Inc - Case Study Example

Comments (1) Cite this document
Summary
The main focus of this research paper is on the CEO and the founders of the NanoGene Technologies as the founders have important decisions that need to be made regarding the split equity and compensation level. Each founder is a creator of the company…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
NanoGene Technologies, Inc
Read TextPreview

Extract of sample "NanoGene Technologies, Inc"

Download file to see previous pages Without the founders the company would never exist and no one would receive equity or compensation. In the case it is described that typical founders only receive a certain percentage and salary. It is obvious that the founders have decided to make equity and compensation levels equal to avoid confrontation down the road. All though this may have been the idea, confrontation can still arise.
When creating the company the founders were likely unaware that they may need to hire other employees. These other employees would likely require a percentage of equity and different salary than expected. For this reason, the founders should have kept with the idea of splitting the equity but allowing at least 20% of equity to go to outside sources. This would have allowed for the necessary hiring of other employees that may be needed. The founders were not prepared for further hiring and equity shares.
The compensation level is said to be higher than normal for other scientist and lower than that of the average CEO. The difference in compensation is likely because the employee is not a typical employee but an actual founder. The CEO and scientist are all satisfied with the level of salaries and equity. Tompkins assumed the role of CEO because his abilities closely fit the description of a CEO over the other founders. Tompkins role was quite different than the other founders and each founder had an important role. Deciding to equally split was likely a fast and satisfying decision that was made so that other issues could be addressed. 2) Evaluate the size and composition of the founding team. What is the difference between being a founder and an early employee? The founding team is made up of five founders. Will Tompkins, Don Rupert, Mark Masterson, Ravi Rhoota, and Gary Garfield are the original founders of NanoGene Technologies, Inc. Having 5 founders is larger than usual for most. The teams came from AMSL and were all fellow scientists. Each had to quit their job in order to get NanoGene Technologies, Inc. where it needed to be. Will Tompkins new CEO of NanoGene was a former AMSL employee. The co founders equally agreed that Will Tompkins take on the role of becoming CEO since he had the strongest leadership capabilities. Don Rupert was an expert substrate surface tension and would be an important asset if NanoGene wanted to succeed. Don had many contacts to get the business moving and only wanted to work one day each week. Mark Masterson was a senior biophysics scientist. Ravi Rhoota was a general scientist and Gary was a post-doctoral fellow. Each founder had a different area of expertise and a good asset to the company. It was also important that each founder was willing to quit their current position and try to build NanoGene. Being a founder and being an employee has its differences. A founder is part of the creation of the company. A founder is with the company since the very beginning stages. Founders have the original say in the way the company should operate. An early employee such as the one Paige would be is there amongst the early stages of the company. Early employees can be just as important as founders but are not the original creators of the company. 3) Evaluate Paige Miller as an addition to the team, and assess her compensation demands. Would you hire her on the terms she seeks? Paige Miller appears to be strong women that can be a great addition to NanoGene. Paige has an impressive background with the ability to move a company to the level it needs to be. Paige seems to have the drive it takes to get where she needs to be and seems firm in her compensation demands. Each of the original founders does not have the level of experience that Paige has. Paige’s experience can organize the company in a way to make the ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“NanoGene Technologies, Inc Case Study Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/management/1412461-nanogene-case
(NanoGene Technologies, Inc Case Study Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/management/1412461-nanogene-case.
“NanoGene Technologies, Inc Case Study Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/management/1412461-nanogene-case.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
re
remingtonondric added comment 7 months ago
Student rated this paper as
This paper saved me today. I liked the structure. It was very useful for my management course.

CHECK THESE SAMPLES OF NanoGene Technologies, Inc

Current Technologies

...?MOBILE WEB DEVELOPMENT VERSUS DESKTOP WEB DEVELOPMENT Mobile web development versus desktop web development Affiliation Table of Contents Type of users 3 User environment 4 Screen sizes 4 Memory available 5 Orientation 5 Input devices 6 Multi-tasking 6 Technology available 6 Future challenges 7 Conclusion 7 References 8 Introduction In the last year approximately 63 million people in the US accessed the Internet using a mobile and PDA systems. It is expected that by 2013 there will be more than 1.7 billion users of the mobile Internet globally. Hence, keeping in mind these figures it is very important that web developers and designers study and implement best design and development practices for mobile devices. In fact,...
8 Pages(2000 words)Research Paper

Revenue Recognition and Lucent Technologies, Inc

...YOUR FULL YOUR Revenue Recognition and Lucent Technologies, Inc. The question of revenue recognition is complexand not without its ethical issues. Because revenue drives the profitability of a company, when and how it is recognized is very important; it is also indicative of the honesty of management. As Peter Martin notes, "items to look for in the balance sheet include...revenue recognition policies..." because "aggressive revenue-recognition policies also provide insight into a company's integrity and financial health" (65). There is a difference between the method used to recognize revenue and the relevance that method has to the corporate purposes as expressed in the financial statements. In the...
3 Pages(750 words)Essay

Automotive Technologies

...Dear ladies and gentlemen! Let me introduce my analisys of the strategy of electric cars development and marketing and my vision of the automotive technology inovations in general. The history of the electric car technology began in the late 1800s. As Schneider writes, Henry Ford's wife drove electric cars, and the clean, quiet vehicles were cast as products for genteel society women. In the late 1980s, General Motors Corp. teamed with a California company called AeroVironment Inc. to build a solar-powered electric car for a race in Australia. Founded by legendary inventor Paul MacCready, the man whose Gossamer Albatross and Gossamer Condor aircraft set records for human-powered flight, AeroVironment helped design a vehicle so... a burst...
4 Pages(1000 words)Essay

LSI Technologies

.... It is a very convenient and quick method to hook online at home, the office and when traveling. Any Wi-Fi enabled computer can hook on the internet and surf the desired information. It is a technology which enables streaming media, e-mail access, real-time messaging etc. Similarly a company can also keep track of its customers/ clients, employees etc. wherever they are. This arrangement is quite similar to the mobile phone networking. The big difference is, Wi-Fi makes high speed broadband networking possible even on the move. A wireless network uses Radio Frequency (RF) waves, like cell phones, televisions and radios do. References: 1. Shore, Barry (1988). 'Introduction to Computer Information Systems' Holt, Rinehart...
6 Pages(1500 words)Essay

Direction of the Company Avid Technologies Inc

...This paper presents the strategic Analysis of the company Avid Technologies Inc – a company that pioneers in digital media production, management anddistribution. 1.0: Strategic Direction Mission Statement: The mission of the company as mentioned in its website is ‘to make creative teams more productive through production asset management’. This makes it clear that the company is committed to innovative methods of design and development of digital media to enable its customers to accomplish effective marketing communications. The industries focused by the organization include 1. Computer Based digital media production and distribution 2. Marketing Communication From the aforementioned it is...
5 Pages(1250 words)Essay

NanoGene Technologies,Inc

...NanoGene Technologies,Inc.  Size and composition of the founding team Will Tompkins left his job at Eastern Institute of Technology’s Advance materials Science Lab (AMSL) to establish NanoGene Technologies, becoming its CEO, which was founded by him along with his four colleagues from AMSL. The founding team included Don Rupert, the head of AMSL and his three fellow scientists, Mark Masterson, Ravi Rhoota and Gary Garfield. They had worked during the last six months, for developing the required scientific technology, which could ensure better prospectus for venture capital funding for the newly formed company. While...
2 Pages(500 words)Book Report/Review

Nanogene

...first Who are these people? a) Tompkins; b) Rupert, Masterson, Rhoota and Garfield; c) Miller; d)Stone; e) Mystery angels Will Tompkins was one of the four cofounders, and the CEO of Nanogene Technologies and was previously associated with AMSL and held a PhD in biochemistry. Don Rupert was the head of AMSL before co-founding NanoGene along with Tompkins and others. The other co-founders included Mark Masterson, Ravi Rhoota, and Gary Garfield; all of them were scientists at ASML. Paige Miller was a management professional from Harvard Business School, and assumed a consulting role with NanoGene. She was serving as the VP Operations at a successful biotech company....
3 Pages(750 words)Essay

Nanogene

... first Namaste Solar Case Namaste Solar adopts a unique business model that provides high accountability and ownership to every employee, unlike conventional founder-employee-organization model that dispenses responsibilities and accountabilities more unequally. Their model has worked extremely well for the company right from the beginning, and is supported by an inclusive and engaging culture. Additionally, Namaste Solar’s organizational culture and practices are well-aligned to its values, vision and mission. This alignment and structure places highest importance on its employees, which are also partial owners of the company; a concept that most organizations are pursuing in contemporary management, but with conventional... first Namaste ...
2 Pages(500 words)Essay

Encompass Technologies Inc International Venture

...MEMO TO: CEO Encompass Technologies Inc FROM: International business consultant, Encompass Technologies Inc. DATE: April 2, 2013 SUBJECT: Encompass Technologies Inc international venture Market research and analysis shows that in order to increase profits in general, Encompasses Technologies Inc needs to venture into international markets. Focused groups have found that we need to go global in order to expand our target audience and broaden our market share. Going beyond Mexico will allow Encompass Technologies Inc to expand its expertise in its...
6 Pages(1500 words)Research Paper

Remediation technologies

... Environmental studies Assignment, Environmental studies A. Read comparison of technologies (9 PDF files) Complete the following information for each technology in table format: 1-    Brief definition of the technology 2-    Contaminants of concern 3-    Duration of the project 4-    Cost  Number Technology Brief definition of the technology Contaminants of concern Duration of the project Cost  1 Contaminated Soil Excavation It the act of removing top soil in a contaminated site to avoid people coming into contact with the soil and treating the soil or disposing it in a land fill. Chemical spills Vary from a day to few years Dependent on remote site, equipment, and type of treatment, The process is costly a requires machinery... and...
2 Pages(500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Case Study on topic NanoGene Technologies, Inc for FREE!

Contact Us