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Financial analysis of Medtronic Inc - Research Paper Example
Author : starkteagan
Finance & Accounting
Pages 12 (3012 words)
The paper tells that Medtronic is redefining the way medical technology responds to chronic ailment and diseases. The number of offerings of Medtronic includes range of therapeutic part, like diabetes, vascular and heart disease, spinal condition and neurological disorder…
According to the research for every industry and every firm, marketplace responsibility is essential to maintain. The responsibility and accountability which medical sector holds is far more challenging than any other sector. A single incident of mistake from medicinal institution can rupture the reputation of the company. The case of Medtronic in regards to accountability and responsibility is much stronger as it has hardly encountered any severe case which would have violated the ethical standards. Medtronic Inc not only possesses leadership skills but also possess a strong marketplace in behaving with accountability and responsibility. This role of responsibility and accountability in marketplace reflects the integral role of suppliers and customers for the long term sustainability of Medtronic. Global quality strategy refers to maintaining the level of quality which is supplied at the global level. Some companies outperform others by providing the best possible quality to their patients. This is the greatest strength which a medical firm can possess because it retains the existing number of customers. Being positive and trustworthy in the eyes of customer is very important in the field of medicine. The vision of Medtronic Inc is to sustain the quality of products, services, relationships and processes. In medical care, maintaining the quality of these concerns is integral. It is not only important for physicians but also for patients, hospital administrators and Medtronic’s performance and corporate reputation. ...