Medtronic Medical Device Quality - A Progressive Leader
Quality has been an integral part of our Mission since co-founder Earl Bakken penned it in 1960. One of the six tenets of our Mission is: To strive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service. With lives at stake, we take our responsibility for quality very seriously. To us, that means: Approaching quality holistically not just with products, but in everything we do (see visual below) Having comprehensive, closed-loop processes across the entire product lifecycle Being proactive to prevent and uncover issues early Being collaborative working with physicians who are closest to our products and processes Being transparent sharing our expectations and performance and with all our stakeholders, and raising awareness of potential issues early We will exceed our customers' expectations by striving without reserve, for unsurpassed product quality, reliability, and patient safety through effective, agile, and compliant processes. We are committed to maintain and continually improve the effectiveness of our quality management systems, comply with all applicable requirements, and deliver excellence to customers through our products, processes, services, and relationships. Continue reading >>
Leadership Lessons With Medtronic's Bob White
Leadership Lessons with Medtronic's Bob White HQ Asia speaks with Bob White, APAC President for Medtronic, about leading during times of change and uncertainty, and how to create organisational culture. White also shares the book he gifts to employees, and a fable that seems familiar for those of us operating in a dynamic and ever-changing environment. What lessons have you learnt about how to effectively lead and manage in Asia? How is this different from leading in Europe or the US? For the past three years, I have had the privilege of leading over 6,000 Medtronic employees in Asia Pacific, who are part of more than 90,000 employees around the world. Given the diversity within the region from languages to cultures to economies, it has been important that leaders continue to be adaptive to change day to day. Despite these differences, there are commonalities in what is expected of leaders whom employees can trust. Over the years, I believe the following leadership characteristics have remained constant requisites no matter where I have worked across the world. These characteristics are: The personal touch in Asia is also incredibly important. My leadership team and I make every effort to understand cultural nuances and take them into consideration as we provide strategic guidance, resourcing, and other forms of support. We also work with the teams on the ground to develop customer intimacy, which enables us to deliver a truly global, yet local, value proposition. How do you train managers to be good leaders? Training managers to be good leaders is absolutely critical to taking care of our talent. At Medtronic, leadership expectations are set for all employees and are customised for individual contributors, people/project managers, and senior leaders. These set the ton Continue reading >>
Medtech Mourns The Loss Of Earl Bakken: Visionary, Humanist, Pioneer
Medtech Mourns the Loss of Earl Bakken: Visionary, Humanist, Pioneer Medtronic co-founder Earl Bakken, a pioneer in medical technology whose inventions impacted countless lives, died Sunday in Hawaii at age 94. Medtronic co-founder Earl Bakkendied Sunday in Hawaii at age 94. Thousands of patients, clinicians, and medtech colleagues took to Twitter on Monday to honor the legacy of Earl Bakken. The co-founder of Medtronic and inventor of the first wearableexternal pacemaker, Bakken died Sunday in Hawaii at age 94. All of us at Medtronic are saddened today by the news of Earls passing, said Omar Ishrak, chairman and CEO of Medtronic. Earl was a true pioneer in healthcare and his vision of using technology to help people still inspires us today. We are privileged to continue the work that he started over 60 years ago and we remain fully committed to all six tenets of the mission that he crafted so many years ago. Medtronic lowered the flags outside its operational headquarters in honor of Bakken and the company published a page on itswebsite dedicated to Bakken and the company's humble beginnings. The company also asked Twitter followers to share their stories of how Bakken impacted their lives. "A giant has fallen," former Medtronic CEO Bill George tweeted. "For 94 years Earl was a visionary, humanist, and pioneer. He not only invented the pacemaker but created [an] entire medical technology field. A believerin healing the whole person." Bakken and his brother-in-law, Palmer Hermundslie, formed Medtronic in 1949 and turned it from a startupthey ran out of a Minneapolis garage into the multinational medtech company it is today. Bakken led the company for 40 years, retiring as the company's chairman in 1989. "Earl was a visionary and true nerd in the best sense," said Holly Continue reading >>
How Medtronic Fares After Its Integration With Covidien - Korea Biomedical Review
How Medtronic fares after its integration with Covidien How Medtronic fares after its integration with CovidienJoon Hurh, vice president of the Medtornics Korean offshoot, discusses the companys business plans and strategies as well as new responsibilities in the aftermath of the landmark merger. Medtronic is the worlds largest independent medical technology development company with its market capitalization valued about $100 billion. Medtronic operates in more than 140 countries, employs over 85,000 people and has more than 53,000 patents. Back in 2014, Medtronic and Covidien shocked the medical device community by announcing a $42.9 billion merger. The size of the transaction moved Medtronic up to second place on Medical Product Outsourcings annual ranking of the 30 largest medical device companies, following Johnson & Johnson and surpassing GE and Siemens. In FY 2015, annual revenue of Medtronic was $20.2 billion. The transaction truly was transformational, affording shareholders the value upside from the significant strategic synergies the deal creates. On a combined basis, the company now has a dozen billion-dollar-plus franchise. Medtronic Koreas headquarters is in the Gangnam area, one of the wealthiest districts in Seoul. Joon Hurh, vice president of Medtronic Korea, talked about various aspects of the merged company in a recent interview with The Korea Bio Medical Business Review. Question: What has been the biggest change with Medtronic Korea since the integration with Covidien? Answer: One of the focuses we started with even before the integration was to minimize the changes or the disruptions to the customers and, looking back, we have done a good job ensuring the minimal disruptions. That said we experienced a lot of changes. This is a new office since Apr Continue reading >>
"dreaming On": The Illusions Of The Leaders Of Large Health Organizations, As Illustrated By Medtronic's Founder | Naked Capitalism
On Health Care Renewal , we have posted story after story about amazingly well paid leaders of big organizations presiding over amazingly bad organizational behavior (including subversion of mission , conflicts of interest , deception , fraud , kickbacks , various other crimes and outright corruption ). Yet the leaders often seem curiously disconnected from what occurs on their watches, while they are sometimes hailed as visionaries, and at times exude messianic confidence. Medtronics Founder on its Sacred Mission A recent article appearing in an unexpected place provides an example of leaders excess confidence in their own righteousness. In the IEEE (Institute of Electrical and Electronics Engineers) Institute was a commentary by Earl Bakken, the founder of medical device/ biotechnology giant Medtronic, modestly proclaiming the secrets of corporate success. Keep in mind that while Mr Bakken founded the company, at age 91, while no longer its leader, he proclaimed, I stay involved with my company. As such, he remains proud of its mission statement, In 1960, when corporate mission statements were rare, I wrote one that has never changed. It remains the companys guiding principle. There are six tenets, but the first one is the most important: To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life. Starting in the 1970s, I met with all new employees, explained our history and mission, and in each of their hands I placed a medallion imprinted with the mission statement. I encouraged them to live by itat work and at home. Note that the official mission also includes, To strive without reserve for the greatest possible reliability Continue reading >>
Transforming Healthcare - Further, Together Position Paper
Medtronic Position Paper TRANSFORMING HEALTHCARE Learn how Medtronic is taking healthcare Further, Together by applying our technologies, capabilities, and expertise to align value among stakeholders, and by forging partnerships with those committed to transforming and improving patient care. Using Technology to Integrate Care and Align Value Healthcare is facing immense challenges. From shifting payment models to problems of access, providers and payers are struggling to improve patient outcomes and lower overall costs. While there is no single solution, we recognize that those who deliver care are at the center of this transformationand that technology can help propel them forward. The power of technology not only helps align value for providers and stakeholders, it also drives innovation. Our Mission has remained the same for six decades: to alleviate pain, restore health, and extend life for people around the world. But todays healthcare problems require a new approach one we call Further, Together. Further, because we will continue to drive meaningful innovation at the therapy, procedural, and system levels, while devising powerful solutions with proven clinical and economic value. Together, because we will forge new, different, and stronger partnerships to help our customers achieve their goal of expanding global access and delivering more seamless, integrated care across the healthcare continuum. Were committed to putting the full power of our technologies, resources, and people to work with new partners, in new ways, to create a new era of healthcare. We invite you to share in the possibilities and help us take healthcare Further, Together. Continue reading >>
The Medtronic Mission By Engelhart (2011, Hardcover)
Some parts of this page is temporarily unavailable. The Medtronic Mission by Engelhart (2011, Hardcover) The lowest-priced item that has been used or worn previously.The item may have some signs of cosmetic wear, but is fully operational and functions as intended. This item may be a floor model or store return that has been used.See details for description of any imperfections. Get it by Wed, Oct 31 - Wed, Nov 7 from ThriftBooks Warehouse, United States Sold by thrift.books ( 1175628 )99.4% Positive feedback Contact seller A copy that has been read, but remains in excellent condition. Pages are intact and are not marred by notes or highlighting, but may contain a neat previous owner name. The spine remains undamaged. An ex-library book and may have standard library stamps and/or stickers. At ThriftBooks, our motto is: Read More, Spend Less. The Medtronic Mission by Engelhart A copy that has been read, but remains in excellent condition. Pages are intact and are not marred by notes or highlighting, but may contain a neat previous owner name. The spine remains undamaged. An ex-library book and may have standard library stamps and/or stickers. At ThriftBooks, our motto is: Read More, Spend Less. Continue reading >>
Mission Statement | Medtronic
Written in 1960, our Mission dictates that our first and foremost priority is to contribute to human welfare. Over a half-century later, the Mission continues to serve as our ethical framework and inspirational goal for our employees around the world. It guides our day-to-day work and reminds us that our efforts are transforming the lives of millions of people each year. To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life. Todirect our growth in the areas of biomedical engineeringwhere we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions. (See Patients for more about our therapies.) Tostrive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service. (See Quality to learn more about our industry leadership in this area.) Tomake a fair profiton current operations to meet our obligations, sustain our growth, and reach our goals. (See Investors to learn more.) Torecognize the personal worth of employeesby providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success. (See Careers to learn more.) Tomaintain good citizenshipas a company. (See Citizenship to learn more.) Continue reading >>
Health Care Renewal: "dreaming On" - The Illusions Of The Leaders Of Large Health Organizations, As Illustrated By Medtronic's Founder
Addressing threats to health care's core values, especially those stemming from concentration and abuse of power. Advocating for accountability, integrity, transparency, honesty and ethics in leadership and governance of health care. "Dreaming On" - The Illusions of the Leaders of Large Health Organizations, as Illustrated by Medtronic's Founder On Health Care Renewal , we have posted story after story about amazingly well paid leaders of big organizations presiding over amazingly bad organizational behavior (including subversion of mission , conflicts of interest , deception , fraud , kickbacks , various other crimes and outright corruption ). Yet the leaders often seem curiously disconnected from what occurs on their watches, while they are sometimes hailed as "visionaries," and at times exude messianic confidence. Medtronic's Founder on its Sacred Mission A recent article appearing in an unexpected place provides an example of leaders' excess confidence in their own righteousness. In the IEEE (Institute of Electrical and Electronics Engineers) Institute was a commentary by Earl Bakken, the founder of medical device/ biotechnology giant Medtronic, modestly proclaiming the "secrets of corporate success." Keep in mind that while Mr Bakken founded the company, at age 91, while no longer its leader, he proclaimed, " I stay involved with my company." As such, he remains proud of its mission statement, In 1960, when corporate mission statements were rare, I wrote one that has never changed. It remains the companys guiding principle. There are six tenets, but the first one is the most important: To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore heal Continue reading >>
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Medtronics Founder Earl Bakken's Secrets Of Corporate Success
Medtronics Founder Earl Bakken's Secrets of Corporate Success Six tenets guide the billion-dollar medical technology developer's strategy IEEE Life Fellow Earl Bakken [center] founded what is today the worlds largest standalone medical technology development company, Medtronic. In this photo, he helps out at a soup kitchen organized by the company, one of the many volunteer opportunities available to employees. I was pleasantly surprised to see my company featured in HP and Medtronic: From the Garage to the Fortune 500 in The Institutes September issue. At age 91, I still remember how, as a teenager, I dreamed of becoming an electrical engineer. Today Medtronic is 85,000 employees strong in 160 countries. Every second, three patients are helped by one of our therapiesthats 95 million people a year! Never could I have imagined this but I am a dreamer, and I continue to dream on. While The Institutes article covered how the company was founded, I wanted to tell you some of the secrets to its continued success. Although long retired, I stay involved with my company. I meet and greet employees who visit me in Hawaii, where I now live. I personally sign certificates of service of employees who have worked 25, 30, 35, and 40 years. On rare occasions I sign a 45- or 50-year service certificate. And at 40 years of service and up, I make a surprise phone call to the employee at work. At first, they think its a prank phone call! Imagine, people staying at their jobs for 45 years. That says something mighty positive about the company. Founded on ethics of inclusiveness, empowerment, and trust, I handed out the annual plan to every employee so that they knew what to expect. The manufacturing production lines didnt have just one person responsible for quality control; each person o Continue reading >>
We're Building Healthy Communities. Together.
Medtronic Employees Set to Make a Difference in June More information (see more)Less information (see less) Its our global kickoff to employee volunteerism, says Jennifer Chavez Rubio the companys senior director of global engagement. At Medtronic, we call it Project 6. Project 6 is not only named after the sixth month of the year, but also named after the sixth tenet of the Medtronic Mission to maintain good citizenship as a company. Its the collective effort of employees from around the world making an impact on their communities through volunteerism. During Project 6 2016, employees spent more than 160,000 hours volunteering. Its an opportunity for employees to get directly involved in their local communities, says Rubio. Employees use their own skills and talents to make a difference. Last year, 19,800 employees representing 44 countries volunteered during Project 6. Whether its painting classrooms or planting community gardens, there is something personally satisfying about improving the life of someone else, says Rubio. Recent studies show 75 percent of Medtronic employees spend time volunteering at some point throughout the year. But each year, employees know that in the month of June something special happens. When we collectively come together, we can make a big impact. The program, which began in 2009, is funded by the Medtronic Foundation. Continue reading >>
Supplier Quality Supply Chain Collaboration | Medtronic
Our expectation is that as a supplier, you will extend and ensure compliance with our requirements to your suppliers (tier 2) and beyond, both in their selection and ongoing management. Make supplier management an active part of your quality system, including all the elements listed here. Provide input to the risks your sub-tier suppliers pose to finished products. Agree on which sub-tier suppliers should be managed based on end-user risk. We have employed detailed and predictive supply base risk management processes. It is through these processes we prioritize areas for immediate focus or continuous improvement. Formalize a risk mitigation strategy within your business for Medtronic products. Collaborate with us to proactively address the risks you identify. We have the right to audit suppliers to ensure the effectiveness of your quality systems and compliance with agreement terms. These audits will be coordinated across Medtronic divisions. Provide focused support from your company for audits, ensuring the process is completed as a win for all. Drive timely investigation and closure of any corrective and preventive actions (CAPA) items identified. We collaborate with suppliers as part of a collective effort to continuously improve and have more preventive processes in place. Engage in timely resolution when action is required. Dedication to quality and timeliness standards. Continue reading >>
Medtronic Joins Catalyst Ceo Champions For Change And Pledges To Accelerate Women Into Management And Board Seats
Medtronic Joins Catalyst CEO Champions For Change and Pledges to Accelerate Women Into Management and Board Seats (GLOBE NEWSWIRE via COMTEX) -- Medtronic CEO Omar Ishrak Commits to Continue Accelerating Diversity, Inclusion and Gender Equality DUBLIN - September 17, 2018 - Medtronic plc MDT, -2.19% today announced it has joined the Catalyst CEO Champions For Change. This transformational diversity and inclusion initiative was launched by Catalyst - a global thought leader and partner in accelerating the progress of women at work for over 50 years. Medtronic joins more than 50 other leading global companies that are committing to drive change, specifically pledging to: Advice for Making Work Better for Men and Women - Accelerate progress in the representation of women, including women of color, in executive/senior level positions over five years. - Accelerate the representation of women, including women of color, on the company's Board of Directors over five years. - Strengthen the pipeline of women through an annual review of internal diagnostics and leverage leading practices to address any identified issues. - Benchmark and track inclusion and improve the culture of inclusion within the organization. - Share key representation metrics with Catalyst for benchmarking and for anonymized reporting of our collective aggregate progress. "Since it was written more than half a century ago, our Medtronic Mission has included a tenet that calls us to respect the dignity and personal worth of our employees. Today, we know that in a global marketplace and diverse world, our ability to achieve our Mission and remain true to this tenet is enhanced when we advance gender equality and foster an enriching, inclusive workplace," said Omar Ishrak, Medtronic chairman and chief executiv Continue reading >>
Mission Statement | Medtronic
You Are Leaving the Medtronic Ireland Site You Are Leaving the Medtronic Ireland site. You just clicked a link to go to another website. If you continue, you may go to a site run by someone else. We do not review or control the content on non-Medtronic sites, and we are not responsible for any business dealings or transactions you have there. Your use of the other site is subject to the terms of use and privacy statement on that site. It is possible that some of the products on the other site are not approved in your region or country. Written in 1960, our Mission dictates that our first and foremost priority is to contribute to human welfare. Over a half-century later, the Mission continues to serve as our ethical framework and inspirational goal for our employees around the world. It guides our day-to-day work and reminds us that our efforts are transforming the lives of millions of people each year. To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life. Todirect our growth in the areas of biomedical engineeringwhere we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions. (SeePatientsfor more about our therapies.) Tostrive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service. (SeeQualityto learn more about our industry leadership in this area.) Tomake a Continue reading >>
Maintaining Citizenship
Medtronic Spine employees put being good corporate citizens to practice For the fifth straight year, Memphis-based Medtronic Spine employees are spending the month of June volunteering at more than a dozen locations in the area. Memphis-based Medtronic Spine employees are spending the month of June volunteering at more than a dozen locations in the area as part of the companys effort, dubbed Project Six. The effort, dubbed Project Six, helps kick off Medtronic Spines volunteer efforts throughout the year and also practices the sixth tenet of the companys mission to maintain good corporate citizenship, said Victor Rocha , a spokesman for the company. The company-wide, global project helps unite Medtronic employees through volunteerism. People really enjoy volunteering and giving back to the community, Rocha said. After all, we live and work here, too. It is a great team-building effort, and they really enjoy that and get to know each other on a different level. Medtronic Spine employees involved in Project Six are helping meeting community needs that range from volunteering at events like the Arthritis Walk and WRC Cycle the Greenway, to assisting at the Memphis Veterans Administration Hospital, to mulching at SRVS, and spending time with Alzheimers patients at Dorothys Place and students at the Memphis Oral School for the Deaf, and at Youth Villages. Local employees already have filled the 30 Project Six volunteer shifts throughout the area, and the company is adding several more to fulfill extra demand, Rocha said. Last year, about 860 Medtronic Spine employees contributed 2,900 volunteer hours through Project 6, and other volunteer efforts throughout the year, according to figures provided by Medtronic Spine. Medtronic Spine employees volunteer at Friday Fun Day at S Continue reading >>
