Medtronic's enduring mission statement

  • Article by: JANET MOORE , Star Tribune
  • Updated: December 16, 2010 - 9:54 PM

Half a century after Earl Bakken set out Medtronic's mission statement, it remains relevant.

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rufusfringDec. 16, 1011:28 PM

This is interesting. Do we believe the mission statement or the ambulance chasing lawyers? I think I will side with Medtronic's. I am sure the money sucking attorneys have cars to pay for, but I will error on the side of saving lives.

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droidboy54Dec. 16, 1011:59 PM

I applaud Earl Bakken's contribution to Medtronics. But how are the multi-million dollar payments to physicians rationalized in light of the founder's excellent mission statement? The government investigations that have arisen after these payments became public are incongruous with the founder's mission of the company.

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samo45Dec. 17, 10 3:14 AM

Rufusring, side with Metronic's what?

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dashackDec. 17, 10 3:40 AM

Vision and Mission Statements are so passé and gagworthy these days.

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rafannonDec. 17, 10 6:28 AM

Medtronic was a home grown company with Minnesotan's only until it got too big and the Ivy League boys took over and ruined it.

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globalplayerDec. 17, 10 7:28 AM

I called on Medtronic as a sales rep in the late 80's and all of the 90's. The were very loyal to their vendors back then. The Purchasing Agent I dealt with would proudly show me all the stock splits since they went public. I bought a small amount, it split, I bought some more and then they built that corporate shrine to themselves and the stock has languished (for many reasons). Just sold all of my stock a month ago, for what I paid for it. Disappointing, to say the least.

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MarkLakeCrysDec. 17, 10 8:07 AM

The headline is about Medtronic's enduring mission statement but the article does not even mention what it says. Why does the reader have to google the Medtronice website to find out what the article is all about?? •To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life. •To direct our growth in the areas of biomedical engineering where we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions. •To strive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service. •To make a fair profit on current operations to meet our obligations, sustain our growth, and reach our goals. •To recognize the personal worth of employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company's success. •To maintain good citizenship as a company.

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samueldyerDec. 17, 10 8:09 AM

I don't see any of the true philosphy .. "don't cure anything, since that would reduce revenue". "our treatments are only meant to treat the symptoms and create a dependant class of people who need repeat visits and must pay us every few years".

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droidboy54Dec. 17, 10 8:39 AM

One thing I've heard on the street is that the brightest employees who have worked at Medtronic don't necessarily have the longest tenure there.

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