Medtronic Essay Example | Topics and Well Written Essays - 750 words

Medtronic - Essay ExampleHelp crush the underlying causes, strengths and weaknesses, market forces and factors that affect executing to determine the optimum objectives that the organization may target.Having briefly define the role of the Board we look at how the Board of Directors of Medtronics has performed. Details provided in the case study cay a very positive picture of the proactive role that the Board has played in the conquest of the Company. It has done all that is required and gone several steps further. The role that the Board has played in strict adherence to the mission statement of the company and, in the drive of the company to excel in technology and quality initiatives is indeed commendable. The Board has been a friend and guide for management, evidenced by the gossiper of Bill George, In addition to its traditional role of governance, the Medtronic get along is very effective as a sounding control panel, to advise and consult with management on the challeng es we face. (p1) or that of Earl Bakken, As we wipe out grown and evolved, we have leaned on our board of directors for their direction. (p3).The active interest that the Board has taken in the operations of the company, their focus on the long term, regardless of below par performance on the financial front, represent some of the peculiarities of the Medtronic board that may not be found in most companies. It is usual for boards to look at only when financial performance for the quarter and stop at that. It is truly amazing to find a board that has such faith in the future of the company that temporary setbacks on the earnings per sh atomic number 18 (see performance results) have not led to the typical automatic reaction. As Bill George points out in his support Authentic Leadership, the board was successful in grappling with the larger ethical issues of what an organization owes to the cosmos and its employees beyond the narrow obligation to increase shareholder value.The rel ationship between the CEO, Bill George and the board are similarly cordial and mutual understanding and respect at a very high direct exists. While the CEO handles operational management, he does not consider the careful watch that the board keeps