Medtronic Case Study Assignment Example | Topics and Well Written Essays - 3500 words

Medtronic Case Study - Assignment Example All these factors accounted for overall failure of the company and eventually reduced dynamic growth of the company to zero. On the contrary, the newly appointed CEO of the firm, Omar Ishrak witnessed major challenges in terms of retrieving the position of the company in the market place. During the first 18 months, the new CEO was able to plan for company’s future growth prospect through R&D investment in order to develop innovative medical therapies. To facilitate short term prospect of the company, Omar Ishrak had always favored business model innovations and creative product development. However the major focus of the newly appointed CEO was to overcome all possible adoption barriers prevalent in emerging economies. The CEO even restructured his organization so that all the team members are aligned with the innovative goals and objectives of the firm. There was proper restructuring done of the entire executive team as well as their respective responsibilities. The heads of global operating regions of Medtronic now directly reported to the CEO instead of head of International. Many non-Americans were even appointed for executive committee. The company’s one of the biggest achievement was acquisition of a Chinese orthopedic company. However this case study reveals that Omar Ishrak is in a dilemma as to whether the steps taken to transform Medtronic into a global firm is sufficient or it requires more innovative strategies for sustaining growth. The objective of the case study is to put across different dimensions of international business. It has been observed that in international expansion strategy organizations need to adopt innovative business models. In this study strategic dimensions will be aligned with the success or failure of international business. The entire study will be conducted from a consultant’s perspective so as to evaluate the expansion strategies undertaken by the firm. There would be even suggestions

The Pros and Cons of Crowdsourcing Research Paper

The Pros and Cons of Crowdsourcing - Research Paper Example At the present, Oracle Corporation is facilitating the companies to use the influence of crowdsourcing to the various tasks of the company like that customer relationship management software program through a new enterprise. Regardless of the introduction of crowdsourcing potentials, a high-quality idea carries the menace of sneering at the source, making wrong way to the suitable sector, otherwise being deferred for a long time that it turns out to be useless. Increasingly companies across upright productions are making their way to crowdsourcing. In this scenario, eMarketer revealed in a business article that has proficiently utilized crowdsourcing as an imperative aspect of CSR programmes, almost 95% people say that it was at least somewhat important and effective approach to utilize. Additionally, a survey over 200 corporate executives was carried out in Fortune and almost 200 businesses stated the most helpful feature of crowdsourcing for their CSR program efforts. Whereas respo ndent frequently is inspired for the reason that they desire a specific product to become successful, businesses as well are able to offer incentives or rewards in the form of prizes to nonfinancial advantages for instance rank figures as stars, desired user status, a well-known fame on the Web site. Crowdsourcing is an emerging trend which has been used in various aspects and area of life. The purpose of this research is to study the concept of crowdsourcing and analyze the impacts of crowdsourcing in various disciplines of businesses and industrial framework. This research also analyzes the economic impacts of crowdsourcing. With the passage of time, the actual components of crowdsourcing were revealed by experiment and mistake. However, a number of corporations or individuals encompass a covert formula that they apply to guarantee constant accomplishment; whereas other people exercise the tried-and-true techniques those have been suggested by the professionals.