Medtronic's New CEO Not as Worried About Second Covid Wave

The video discusses strategies for innovation and acquisition in the medical technology sector, focusing on both organic and inorganic growth. It highlights recent advancements in diabetes technology and the company's response to the COVID-19 pandemic, including partnerships and supply chain adaptations. The video also addresses leadership challenges, emphasizing diversity and inclusion as part of the corporate mission.

What is the primary focus of the company's acquisitive strategy in the medical technology space?

• Acquiring mature companies for immediate growth

• Investing in real estate for healthcare facilities

• Buying early-stage technologies to develop new standards of care

• Focusing solely on organic growth

In which area did the company recently make a technology acquisition to complement its existing business?

• Diabetes

• Cardiology

• Neurology

• Orthopedics

How did the company adapt its operations during the COVID-19 pandemic?

• By reducing its workforce

• By focusing on remote monitoring and programming of ventilators

• By halting all production

• By outsourcing all manufacturing to other countries

Which companies did the organization partner with to enhance ventilator technology during the pandemic?

• Apple and Ford

• Microsoft and Tesla

• Intel and SpaceX

• Google and Amazon

What lesson did the company learn about its supply chain from past experiences?

• To eliminate all international suppliers

• To focus only on cost reduction

• To have business continuity plans and second supply sources

• To rely solely on local suppliers

What is a key aspect of the company's mission that guides its decisions during crises?

• Maximizing shareholder profits

• Reducing operational costs

• Putting patients first and ensuring diversity

• Expanding into new markets

How does the company approach innovation in its supply chain?

• By providing suppliers with strict specifications

• By focusing only on cost reduction

• By asking suppliers to solve problems and explore opportunities

• By limiting innovation to internal teams