Case Analysis Of Stryker

1. Kaiser Permanente starting in 1945 when Sydney Garfield and Henry Kaiser came together to form the healthcare system still used today. During the Industrial Revolution, many workers were found to have healthcare needs and not all were insured. In collaboration to help these members, Kaiser and Garfield created a system in which employers paid a set monthly premium and physicians joined a prepaid group practice in efforts to ensure care for all employees. This evolved Kaiser Permanente into the healthcare giant it is now.

The goal of the organization is “to double or triple the size of the company within 10 years” (Zietsma, 2007)

Over the past decade, virtually every major industry invested heavily in computerization. The heath care industry was no exception to the rise in the use of technology. These technologies are starting to allow health care practitioners to offer faster, and more efficient patient care than ever before. No doubt this is the right direction we expect health care to follow.

McKesson, now “the world’s largest health care services company,” has a combined customer base of about 5000 hospitals, 25,000 retail pharmacies, 35,000 physician practices, 10,000 extended care sites, 450 pharmaceutical manufactures, and 2000 medical-surgical manufacturers (Chicago tribune 1998). Mckesson has a 13.2% market share of the Health Information Technology industry and employs roughly 37,000 people. Mckesson’s hospital information system solutions includes their electronic health record system (HER, Total Coordinated Care product suite, InterQual Decision support products,

consistent growth since it’s inception in 2009. As the CIO of this company, it is my job to look

You need to set ambitious targets that will motivate and inspire your employees; however it is important to get the balance correct otherwise you risk disheartening them. Companies should refer back to past performance data for recent years to get a sense of what kind of performance boosts you 've seen before – doing this will help give a

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

Growth (Describe the key competencies and performance factors you have developed, especially in the past year, to make yourself a more valuable and versatile member of the organization. How have you grown or what have you contributed towards the company’s growth.)

Individual growth which can be investing in people, learning opportunities through training programs and career opportunities through new jobs and promotion.

It would have been good if this fundamental vision was in place right at the very beginning of the company’s formation. In the end it is the customers that make the company, so it makes sense to work towards satisfying this customer relationship. To become profitable and achieve market share are secondary objective that can be measured on a annual basis and overall company well being targets can be rewarded with incentives that link into the company’s performance as opposed to individual contribution to the company’s success.

Dr. Mylea Charvat founded Savonix following her fellowship at Stanford School of Medicine. A veteran of the tech industry, Mylea served as director of staff development in operations for Travelocity.com in the 1990s; helping to grow the company from 100 to over 1,000 employees in 2 years.

Their responsibilities include “Represent Stryker in interactions with external organizations including the FDA and other global health authorities, sponsors, and other organizations; serve as a primary Regulatory contact during all premarket activities and work with Stryker organizations to support the regulatory approval and commercialization efforts in global markets”. Geographical Stryker has many manufacturing locations that make it easier to give out products around the world. This decreases the cost to ship products from the US to for example China. They are consistently opening more locations in order to fill a demand and a lower cost.

Initially, 1945 is the generally accepted date for the founding of the organized profession, when the College of Operating Department Practitioners was founded as the Association of Operating Theatre Technicians. Therefore ODPS were referred to as Operating Theatre Technicians (OTT). In 1947 the first formal

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.

Philips is a Dutch technology company that focuses on health technology and lighting. Their focus is on improving people’s lives through meaningful innovation. They have moved from a holding company structured around multiple divisions to two stand-alone operating companies of health technology and lighting solutions. Their ambitions are to capture growth, create value, and expand into new business ventures through technologies and intellectual property development.