Medtronic

equipment in hospitals started to become popular after World War II, but the hospitals did not have staff to repair them. Bakken and his brother-in-law, Palmer Hermundslie, formed Medtronic (the combination of "medical" and "electronic") in 1949, in a small garage, primarily working with the University of Minnesota hospital (Medtronic-history). Even though it wasn’t much more than a repair shop for medical equipment in 1949 but Bakken and Hermundslie had a vision, and the drive to see their vision to fruition

Introduction Medtronic is the world’s largest medical technology company. It was founded in 1949, as a medical equipment repair shop, by Earl Bakken and Palmer Hermundslie. Medtronic’s core products include implantable medical devices and drug and biological delivery devices such as pace makers and insulin pumps. The three year gross sales for Medtronic are: $15.933 billion in 2011, $16.184 billion in 2012, and$16.590 billion in 2013(NYSE, 2014). The three year net income reporting’s for Medtronic are: $3

“Medtronic 49,000 strong, seventeen billion dollars in sales, reaching ten-and-one-half million patients, and improving a life every three seconds.” (Timeline www.earlbakken.com) Earl Bakken was an innovative child, who designed and constructed a robot when he was a young boy. He grew up as an only child until he turned eighteen, when his sister came into the world. He has, and still is, living life to the fullest. Not by being extreme, or by being a notable person, but by helping the world. Bakken

The company Boston Scientific founded in 1979 by John Abele and Pete Nicholas, with the hope of giving more available, cheaper and less invasive alternative to patients. They are one of the leading manufacturing company of medical supplies equipment used to examine and treat patient with different medical issues. In addition, Boston Scientific produces medical equipment used to treat cardiac rhythm management (CRM), cardiovascular, endoscopy, pain management, peripheral interventions, urology, and

MedTech was started by a gentleman by the name of Doug Reynolds, who was a former university research fellow. Through Doug’s work as a molecular biologist, an idea was created for a new cancer treatment center that would treat the deadliest form of skin cancer, melanoma. With the approval from the Food and Drug Administration, Doug along with Harold Moran, who is the business manager, and Becky Smith who was hired from another pharmaceutical company, were responsible for creating a sales force (Johnston

Marc Umeno, Stan Majewski and Harry Bishop were the original founders of NEOMed. The founders designed a new product for the medical market. Although, they determined multiple uses for the technology were possible, such as, screening drug candidates, drug delivery applications, detecting cancer, and possibly applied to Homeland Defense for detection of nuclear weapons. The primary focus was decided to be used to identify and catch coronary artery disease (CAD) before it happens. Marc Umeno developed

Boston Scientific is dedicated to changing the lives of patients treated and living with their devices, applying the growing knowledge of medicine and technology of today’s health conditions. The company believes that their success is driven by their ability to consistently deliver initiatives that grow profitability and market share. Boston Scientific does a great job focusing on improving the speed and performance of the business units by adding new capabilities, processes, and innovative technologies

Medtronic is a worldwide medical device manufacturer and supplier with over 80,000 employees, touching almost every country in the world in one way or another. Medtronic requires that every staff member and employee comply with international, national, regional, and local laws and regulations pertaining to data privacy and confidentiality. One example of maintaining confidentiality and privacy of information is during a Medtronic Fort Worth, Texas, VOC Product Development Events. VOC Product Development

The purpose of this paper is to provide recommendations on the alliance network of Medtronic for its further strategic success. The Company Medtronic (hereafter MDT) is a one of the leading companies of the medical device industry. MDT has two headquarters in Dublin, Ireland and Minnesota, USA. With its state-of-the-art pacemakers, MDT is known as a cardiac device maker. MDT is a novel company among the medical device industry leaders that serves solely as a medical device developer and a

strategic overview of Medtronic Inc. Medtronic is a global leader in medical technology- alleviating pain, restoring health, and extending life for people with chronic conditions around the world. Medtronic conducts business in more than 120 countries developing and manufacturing a variety of products and therapies with emphasis on providing a complete continuum of care to diagnose, prevent and monitor chronic conditions. Mission Statement The mission statement of Medtronic Inc. is to contribute