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Financial analysis of Medtronic Inc - Research Paper Example

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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…
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Financial analysis of Medtronic Inc
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Financial analysis of Medtronic Inc

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. ...
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. The company has utilized systematic approach for maintaining quality which can be divided into risk management, centralized monitoring for quality processes and standards and resources for maintaining quality concerns globally. The company has expertise in maintain the quality of products which it offers including not medicines but therapies, equipments as well. This can be the major reason that in the subsequent mentioned SWOT analysis, the company has the lowest number of weaknesses which is a sign of a sustainable and peak performing firm. SWOT Analysis of Medtronic Inc SWOT analysis analyzes the strengths, weaknesses, threats and opportunities which a firm faces while operating its business. Strengths and weaknesses are normally referred to as related to the internal environment of business, whereas threats and opportunities are generally regarded as related to the external environment of the business. Strengths Strengths of a company determines its strong points which assists that company in carrying out it operations. Medtronic Inc possesses a strong market position. It is considered as the global market leader in medicinal industry. Another strength of this company is that the company offers wide range of products for almost every type of medicinal field. Medtronic Inc’s financial stability is its major strength. The company has great control over ... Read More
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