Company Description
Stryker is a global medical device manufacturing company. The Instruments Division is located in Kalamazoo, Michigan. It was founded by Dr. Homer Stryker, an orthopedic surgeon. Dr. Stryker discovered that certain medical devices were not meeting his patient’s needs. Because of this, Dr. Stryker decided to invent new ones. The devices he invented were successful, and the interest in Dr. Stryker’s products began to grow. As a result, in 1941 he decided to start a company to produce them.
Today, Stryker is one the world’s foremost medical device technology manufacturers. It is a company committed to producing innovative products such as surgical drills, cutting instruments, bone saws, gurneys, analytical equipment,
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Stryker uses information technologies for internal communications, supply chain management, strategic management learning systems, tracking labor variances, data storage, transmissions, and retrieval. Information technologies present value to the company by gathering data which enables the organization to identify problems that prevent the organization from achieving its goals, identifying opportunities to improve the organization, and meet the requirements of F.D.A. mandated directives. The President of the company, Jim Heath, values information. He feels that authorized personnel such as production managers, accountants, human resources managers, and procurement agents should have access to accurate information concerning sales, production rates, labor variances, and supplier prices are essential to keeping the organization on track to achieve its goals.
Information Strategy of the Company
There is a long term vision concerning the information strategy of the IT systems utilized by integrated manufacturing at Stryker Instruments. A thorough understanding of the organization, management, personnel, and the technologies that comprise the system was required to develop the information strategy of the company. The IT system employed by
b.What are the amounts and timing of the acquisition investment’s free cash flow from 2013 through 2022?
3. Understanding that HIV is a retrovirus (a virus that uses reverse transcriptase), answer the following questions:
Which of the 11 ways to change an organizational culture has Verizon used to create its current culture? Provide examples to support your conclusion.
Wagner III, John A. & Hollenbeck, John R. (2003). Organizational behavior securing competitive advantage. New York: Routledge.
As we have learned throughout this course, the value of information technology has been one of the most influential aspects of conducting business. Information technology is used on a daily basis at all organizations, and it has grown exponentially throughout the course of history. Organizations purchase and implement information technology to gain a competitive edge over their competitors. This dates all the way back to the invention of the steam engine, in the mid-1800s, which allowed finished products to be mass transported by the railroad system. The companies and corporations that used the rail system gained a competitive advantage over smaller companies that used other modes for transporting their
It will be a win-win strategy for every participant in the medical devices supply chain. In details, first, MTC could form a strategic alliance to hospital ‘innovators’, such as Cleveland Clinic, to develop new high tech device. Patent could create a new revenue stream for both parties. Moreover, MTC would know earlier and react faster about what surgeons really need from the company’s next devices. At the same time, hospitals would be willing to cooperate due to the gain through such early involvement program. Second, implementing low unit of measure (LUM) Lean/JIT systems between distributors and hospitals. RFID tags could provide information on locations of medical device. Accordingly, manufacturer/distributors would have visibility to hospital’s items and control the order lead time to maintain a least landed cost. It is a desired result for distributors since they are more willing to shift from the traditional bulk model of shipping inventory in full-case quantities of use. Third, a higher percentage of ‘on-contract’ purchase benefit the cost saving which has become an important supply chain metric in leading hospitals. Last, supply chain touch points create potential safety issues and unnecessary expenditure. MTC should give a scrutinize of current process, in addition, eliminate touch point such as off-site
According to the technology experts, 80-90 per cent of the start-ups fail to make it. In medical device arena, the rate of failure for start-ups is even higher. They have challenges
. The company 's mission is to reduce the cost of healthcare by providing the best quality medical devices at the lowest possible price. "We are proud to have a significant and sustainable impact on healthcare by delivering technologies that enhance clinical care and satisfy the pressing economic needs of our customers" ("Applied Medical", n.d., para.1) . Applied Medical has demonstrated that takes its social responsibility seriously through different initiatives that benefit customers and the community.
This scale, is directly related to communication. The results of this core scale suggest both Chris and Olympia feel as if their issues that they have, at times never get resolved. Further both strongly agree that they engage in very serious dispute over small or unimportant issues. Another dynamic that both Chris and Olympia scored high in was in the dynamic of partner dominance. Though Chris scored slightly higher than his wife Olympia, they both feel that their partner is trying to take control of or mange their life. This can be very contributory to the low PCA score in the scale of conflict resolution. Whenever the couple experiences a dispute if both are only interested in forcing their views on each other or they both interpret each other as controlling, they may become defensive and something small can escalate quickly. Similarly to communication, conflict resolution is a two person task in a marriage. Chris may need to be sensitive to his wife’s past of being abused and how it may effect her opening up.
After a successful 78 years of operation, Stryker decided to go international to develop sales force in Canada and overseas in 1972. Stryker’s earnings increased significantly within just a few years. Today, Stryker is operating in 31 countries worldwide and has plans to continue their global expansion.Stryker is not varying its products in different countries. They offer the same products worldwide. However, Stryker does try to adapt its services in other countries. In order to be able to provide exceptional customer service, Stryker provides annual training for their employees to ensure they are meeting quality and regulations polices around the world. Stryker also has compliance officers for every division to conduct proper training,
Sam is a ten year old boy diagnosed with Pervasive Developmental Disorder-Not Otherwise Specified (PDD-NOS). “A person with PDD-NOS is given the diagnosis because they have some but not all characteristics of autism or who has relatively mild symptoms” (Autism Speaks, 2013). PDD-NOS is a general category used to describe a pattern of behavioral differences (which may include deviations, excesses, or difficulties) in the areas of social relating, communication, and attention/interest. The diagnosis of PDD-NOS may also be applied if the child exhibits a variety of symptoms associated with Autism, but in an unusual pattern (Emory Autism Center, 2013). Sam was diagnosed with PDD-NOS, rather than autism. Sam did not
In the medical sales industry, most of the competitive advantage comes from the doctor preference. Because of the high cost and amount of time that it takes to learn how to use a different company’s medical equipment, most doctors use one company’s products for life. Stryker has always recognized the existence of brand loyalty and has made it a top priority to develop excellent relationships with its customers. Hospitals that use Stryker’s equipment are more likely to continue to buy from Stryker because of their diverse product offerings. The key factors that differentiate Stryker from its competitors are innovation, reliability, service and reputation. As of December 31, 2010, Stryker owned approximately 1,125 United
The information technologies management team oversees the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data at Stryker. Today the organization is becoming more and more dependent on technology, so a team member like Alberto Vera has the ability to make decisions concerning such technologies and can make the company more viable and efficient. The software, programming, database, networking, web, and hardware specialists make it possible for Stryker to transfer online data efficiently. And anyone that can increase organizations efficiency can also derive power from this expertise.
Experiencing low cost traditional surgical procedures, Advanced Medical Technology Corporation (AMT) wants to broadcast this tagline by manufacturing well designed medical instrument based on a massive researching.
Information Technology (IT): The hardware and software technologies a firm needs to achieve its business objectives (Kenneth C Laudon and Jane P Laudon., 2010).