Nanogene Essay Example | Topics and Well Written Essays - 500 words

Nanogene - Essay Example From this study it is clear that  the founders came together with common interest of setting up their own company that would provide breakthrough products in the biotechnology domain such as a product to isolate specific genes responsible for a disease and further help in inventing specific treatments.   Each founder had different expertise within the same domain.   With such diversified experience and knowledge, these founders could foresee a fortune in this company and was thus expecting something similar.   All founders decided that each would draw the same salary and have equal proportion of options.   Paige Miller was an external consultant and was being considered to be hired as the VP Operations. She was expecting to earn much more than what the founders offered considering her experience, market value and the value addition should could make to NanoGene.This essay declares that a â€Å"founder† is an entrepreneur or the starter of a company based on an idea c onceived by himself.   In the present case, the ideation involves five different people and hence five founders of NanoGene Technology.   A founder is intellectually, financially and morally committed to his/her company, whereas an employee is only morally and intellectually committed to the company for which he gets financial or monetary benefits from the company.   A founder owns complete responsibility of the company and the people associated with it.   He is also obliged to follow external social, legal, cultural, and economic policies.   

Relationship between the Management Layer, Board and Staff Assignment

Relationship between the Management Layer, Board and Staff - Assignment Example In the functional structure, employees in the organizations tend to perform with the specialized set of tasks. It would be easy for them to work with their specialized skills and be apt to feel comfortable (Iqbal, n.d.). With this structure, there would be a direct relationship with the management and the staff in each department product/service line because of direct supervision. There would be the close relationship, interaction, communication and quick response for both the management and the staff. The board at the same time, to which the management reports, can easily determine on what to focus for there is an open engagement of relationship.The system and internal structure, rewards, and benefits, application and teamwork are needed so that the board, management, and staff would enable to work successfully (â€Å"The Five Elements,† 2009). The system and internal structure of the organization should be sufficient for the survival of the member of the business. Rewards an d benefits should be given consideration so that loyalty among them would be achieved. Lastly, there should be the application of the system and teamwork so that success would be realized. Iqbal, N. (n.d.). Effective organization structure acts as the lifeblood of business. Ezine Articles.