Ecton Inc. is a small company that develops innovative solutions in the medical imaging market. The latest device they have developed is the first portable, highly compact, fully digital, echocardiography. Traditional echocardiographies are large pieces of equipment that offer zero mobility. This rendered emergency rooms powerless to the convenience mobility offers. For example, if a doctor needed to receive an image of a patents heart they would have to schedule and move a patient to the location of the echocardiography. In an emergency situation this limits the data doctors require to make an accurate prescription if the patient cannot be move to the machine. By miniaturizing this device Ecton has ushered in a revolution in the medical imaging arena. The next step for the company is to decide how they are going to introduce the product to the market. This study has put me in the driver’s seat and offered me a glimpse of what the CEO was faced with when making this decision. I will provide my opinion regarding the next steps Ecton should perform moving forward with their newly developed disruptive technology. First of all we need to understand the type of technology this device represents. Is this a sustaining innovation? Or is this a completely new disruptive product? After fully understanding this aspect we can make better decisions regarding the future of the firm and its product. This device offers many benefits that current products do not. As explained earlier, this device is extremely portable, offering emergency rooms the flexibility and convenience they seek to provide patients with the best treatment possible. Likewise, this product will come in at a price point much lower than current echocardiographies, further separ... ... middle of paper ... ...tive culture could be lost due to this acquisition. Although there are some obstacles with this route, searching for an acquisition partner seems like the fastest and most logical approach. If I were asked to run Ecton during this period, I would suggest they utilize option two and seek out an acquisition partner. The benefits clearly outweigh the negatives in the scenario. The immediate cash, employs, and, marketing power is what this innovative product requires to capitalize on the large sales this technology is capable of capturing. By staying independent the time lost trying to create new value streams and processes seems unnecessary if the option to avoid this while providing the optimal return on investment to the shareholders exists. Bottom line, maximize shareholder return and create an optimal environment where this budding technology can rapidly grow.
In this essay, the author
- Describes ecton inc.'s portable, highly compact, fully digital, echocardiography device, which ushered in a revolution in medical imaging.
- Opines that the new technology ecton has developed is extremely disruptive and has the potential to create a completely new market.
- Explains that ecton is a small company with little to no experience providing products to the multi-billion dollar cardio market. the ceo needs to prepare the company to handle this transition.
- Suggests reaching out and identifying an acquisition partner, one that will enhance the new disruptive technology and open up the vast resources that a large firm offers.
- Suggests that ecton utilize option two and seek out an acquisition partner. the immediate cash, employs, and marketing power is what this innovative product requires to capitalize on the large sales this technology is capable of capturing.
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- Patent Lawsuit over the Transcatheter Aortic Valveanalytical essayMedtronic (Minneapolis) and Edwards Lifesciences (Irvine, California) were not strangers in patent lawsuits. Edwards is specializing in the production of artificial heart valves and new hemodynamic monitoring technology, whereas Medtronic is specializing in the production of medical devices. In the past, the two companies have problems in patent infringement lawsuits over annuloplasty procedures and endovascular graft (1,2). However, currently another latest patent infringement lawsuit has been occurred and reported between Medtronic and Edwards Lifesciences. Edwards claimed that it has prior intellectual property rights on the new transcatheter aortic valve technology.
In this essay, the author
- Explains that medtronic and edwards lifesciences are not strangers to patent lawsuits. both companies have problems with annuloplasty procedures and endovascular graft.
- Explains that transcatheter aortic valve replacement (tavr) is the latest technology used principally for the treatment of aging-related stenosis. the technology has been in use in the us with edwards’ sapiens valve since 2011.
- Explains that edwards lifesciences' transcatheter aortic valve comes under the andersen family of patents and they argue that medtronic's corevalve revalving technology is an infringement of their intellectual property rights.
- Explains that intellectual property rights give or inventor rights to copyright, trademark and patent their original creation.
- Analyzes how the patent lawsuit between edwards lifesciences and medtronic illustrates a fast growing trend in the pharmaceutical and medical device industry.
- Explains that patent litigations are common in industries such as pharmaceuticals and biotechnology. the tradition of sharing medical knowledge for the benefit of patients is giving way to the notion that the inventor of an innovation has the right to reserve its use because of intellectual property rights.
- Explains that medtronic and edwards have been fighting over the transcatheter aortic valve technology for the past decade and their fight illustrates the various issues at stake — intellectual property rights, innovation and competition in the market and patient benefit.
- Analyzes how the medtronic and edwards patent fight over the transcatheter aortic valve has illustrated that patents may provide companies the financial motivation to innovate and develop new products that can immensely advance the medical field, but can also deteriorate into pure money squabbles.
- Explains that medtronic's corevalve devices do not infringe edwards lifesciences' andersen patent.
- Explains chieffo a. transcatheter aortic valve implantation with the edwards sapien versus the medtronic corevalve revalving system devices: a multicenter collaborative study.
1409 wordsRead More - Medical Miracles and Their Apocalyptic Counterpartsopinionated essay...the stigma of our greatest allies against disease and illness. Some day soon, everyone that walks into a doctor’s office will be greeted by such technology. It may speak, or it may simply tell the doctor what your temperature is and if they should check out that bruise. Either way, medicine and electronics are fusing together to bring forth the future of health and the way medicine is viewed as a whole.
In this essay, the author
- Opines that technology has the stigma of an impending robotic apocalypse seared into its surface from the numerous books and movies depicting the dangers of pushing the concept too far.
- Opines that if the research is allowed to flourish, there will likely be a simple, pain-free way of detecting cancer at its earliest stages.
- Explains how medical technology has progressed, including artificially sustaining people to survive polio or botulism, and regenerating missing organs and appendages with a combination of cells and stem cells.
- Explains that surgeons and all medical staff were connected to patients directly by having physical contact with individuals. a doctor could spread the flu virus to an entire hospital ward.
- Opines that medical technology is bounding forward at a rate similar to the cold war arms race. everyone in the world is vastly benefiting from the relationship between man and machine.
1021 wordsRead More - Clinical Work Flow Analysisopinionated essayOur goal was to maintain adequate fluid in the vascular space in order to maintain a blood pressure adequate for each patient while avoiding complications. During our evidenced-based research we obtained information on a Crit-Line Blood Monitoring System. We performed a work flow analysis prior to the implementation of this tool then created a redesign process to evaluate this piece of technology into our practice. We ran into a few obstacles in regard to a time line for training, and the overwhelming feeling of learning a new piece of technology when patient care was so demanding. We worked through the obstacles and utilized the technology towards achieving our goal. We tried to purchase more monitoring systems because it was evident it optimized fluid removal and reduced the frequency of adverse reactions. We ran into financial obstacles with money being tight as we close our fiscal year. It is in our plan to purchase more systems in fiscal year 2016. We need to give all Veterans the same opportunity to benefit from this technology with the ultimate goal of experiencing less symptomatic while achieving better outcomes. The staff had buy-in to this technology from day 1one and with the opportunity for them to learn at a steady pace they were better acclimated to the
In this essay, the author
- Opines that the implementation of new technology within a clinical setting can impact clinical processes and improve work flow.
- Opines that nurse administrators face obstacles when trying to redesign, restructure, and improve work flow.
575 wordsRead More - asdfopinionated essayOver the past two decades General Electric Co. (GE) among other companies have introduced numerous ultrasound machines in India and China to provide potential health benefits to billions of people who are afflicted with various painful and life threatening disorders. Due to its portability and relatively low cost, ultrasounds can uniquely be transported to small villages where patients urgently need its care. Villages with no drinking water, infrequent electricity, or muddy roads can receive medical scans for roughly eight dollars, a week’s salary, and determine medical issues.
In this essay, the author
- Opines that ge needs to invest in cultural initiatives that educate the population on gender equality.
- Opines that ge's ultrasound technology has provided a catalyst for widening gender-gaps. the national governments must step in and provide their populations with cultural leaders who espouse gender equality
- Explains that ge has introduced numerous ultrasound machines in india and china to provide potential health benefits to billions of people who are afflicted with various painful and life threatening disorders.
- Explains ge's actions in india and china, such as enforcing strict internal controls, utilizing sales reviews, and training employees to understand the deadly utility of their machines, can generate change.
1334 wordsRead More - Cross Boarder M & A Case Studyexplanatory essayHitt, et al., (2009), Martynove & Ronneboog, (2008), argued that in addtion to reducing the cost of entering forieng market, M&A can be also for the acquisition of special resources and local knowledge. They however, cautioned that the acquiring company will still have to deal with the risk of doing business in a foreign
In this essay, the author
- Explains that forecasting errors occur when the acquiring company overestimates the expected return from the deal.
- Explains management hubris, when managers put personal interests of empire building before their interest of the company.
- Explains that under estimation or overestimation of expected synergy includes limitations, differences in culture, management, organization, and structures.
- Explains that synergy can be grouped in three broad headings: operating, financial, or managerial.
- Explains that a merger of two companies improves purchasing power with the potential for negotiation contracts on more favorable terms. production capacity will likely increase resulting in efficiency in the use of raw materials.
- Explains the importance of acquiring new technology through acquisition or merging with a company with unique technologies.
- Explains that m&a is a cost-effective way to expand to foreign markets, which provides new investment and sales opportunities.
- Explains how to increase revenue generation by accessing new markets through the use of combined sales force and distribution network.
- Explains that merged companies benefit from economies of scale in ordering and production thereby reducing cost of buying raw materials and producing.
- Explains that managerial synergies arise when a high-performing management team replaces an ailing one.
- Opines that jaguar and land rover will be a significant part of tata's automotive business. they will endeavour to preserve and build on their heritage and competitiveness, keeping their identities intact.
- Argues that domestic m&a is less complex and shielded from most of the forces that affect cross-border transactions.
- Explains that companies are still adopting m&a as an alternative strategy to slow pace organic growth due to pressure for rapid innovation, speedy access to market and the desire to achieve target goals in relatively short period of time.
- Explains that ford bought jaguar and land rover in 1989, when both companies were facing difficulties and being run at a lost. tata group is among india’s largest private conglomerates.
- Explains that tata motors bought jaguar for a few billion dollars, making it one of the world's hottest performing auto stocks. the deal was criticised for its timing and failure to make jaguar and land rove profitable.
- Explains that tata's approach to integration is usually dictated by the strategic objective of the acquisition.
- Explains that m&a is a complex strategy that needs to be carefully thought through and implemented with due diligence.
1680 wordsRead More - ecexplanatory essayAll around the world, thousands of individuals are waiting for an organ transplant. Many patients die because they can no longer wait for an organ; this is because they’re but on a “waiting list”. Some patients have to wait longer than others due to priority patients. Priority factors for patients on the waiting list are age, blood and tissue type, medical urgency, location, citizenship and past organ transplants. Each one of these factors plays a significant role on the decision on who gets an organ transplant first. Many people argue over how the organ transplant system chooses patients. (The Center for Health Ethics)
In this essay, the author
- Explains that many patients die because they can no longer wait for an organ. priority factors for patients on the waiting list are age, blood and tissue type, medical urgency, location, citizenship, and past organ transplants.
- Explains the complex and technologically-advanced organ allocation system that links patients with organs donated by strangers in the united states.
- Opines that a child deserves an organ more than an elderly person, and that the person with diabetes should get the liver rather than the patient suffering from alcoholism.
- Explains that there are more patients waiting for an organ than donors. choosing patients is a hard process and is done very carefully.
- Explains the center for health ethics - university of missouri school of medicine – organ transplantation. office of communication & innovation, 8 june 2011.
528 wordsRead More - veracityopinionated essay1c. The acquisition will likely yield a labor (workforce) reduction in in the areas of Marketing, Accounting and Human Resources due to the possible duplication of work and inefficient use of resources. Any benefit obtained from such reductions must be valued. Additionally, access to new technology and research will likely enable both organizations to enjoy synergies in the form of large-scale cost savings and new product development.
In this essay, the author
- Analyzes the synergies resulting from gatorade's warehouse distribution system and the cost savings associated with it.
- Explains that coca cola could compete with lays and doritos by acquiring the quaker oats snack food business segment, while kellogg could earn synergies through cross-selling opportunities, economies of scale and scope.
- Opines that a merger with quaker would increase pepsico's market share in the food industry and compete with bigger players like nestle and unilever.
- Opines that quaker oats would benefit from a combination with pepsico, as its products would be distributed through channels with global reach.
1019 wordsRead More - ...ze on culture strengths and manage culture tensions proactively. Identify the cultural aspects that could be the source of clash and productivity drain that need paying attention to. Assess the risks of culture differences during mergers and acquisitions and make informed decisions about the degree of integration of groups with different sub-cultures. Additionally, use leader behaviors as levers to shape a culture that supports the future needs of the new entity and keep productivity and morale and retain talent.
In this essay, the author
- Opines that coca-cola and coke enterprises are fortunate to have developed a strategic partnership that should allow both entities to profit in many ways.
- Explains that the coca-cola company's 2020 vision is to double system revenue and double servings to over 3 billion per day by the year 2020. both sides agree that they must unify certain areas of their business operations.
- Explains that many employees and investors were skeptical of the proposed transaction. the coca-cola company may have a credibility problem because it spent the previous year expressing their support and admiration for their existing distribution system.
- Analyzes how coca-cola company and coca-cola enterprises strategically advance and strengthen their partnership. businesswire.
- Explains that atlanta-based coca-cola co. is the world's largest beverage company. they have almost 500 brands which are sold in more than 200 countries.
- Opines that this transaction will provide sustainable benefits for both companies' stakeholders, such as a one-time cash payment of $10 per share and improved financial flexibility.
- Explains that mergers and acquisitions are a common way for businesses to grow and flourish, but are not without its risks.
1364 wordsRead More - Leadership Succession In A Merger Of Equals Case Studyopinionated essayfail (Cheng, 2012). Mergers and acquisitions are much common in these days and only a few of them are end up in successes. Even though mergers and acquisitions are not result much successes rate, many organizations are still preferring it because, it is used as a cooperative strategy but nowadays it is used for cooperative development. The cultural differences and merger integration can be considered as an important factor for the failure rate but this study mainly focused
In this essay, the author
- Analyzes the implications of leadership succession in a merger of equals. mergers and acquisitions are common in today's world, and only few of them are successful.
- Explains that mergers of equals are the combination of two organizations with similar size to form a single an organization.
- Compares the leadership succession of different ceos and co-ceos in the merging process.
- Concludes that the choice of leadership succession is not important in how the merged company fares thereafter, even in such an extreme case as a mergers of equals.
- Explains that igate, an american-based it company, lost a lot of outsourcing opportunities due to high competition in the outsourcing field.
- Opines that the failure of mergers and acquisitions depends on the culture and operation difference between two firms.
- Opines that igate needs strong leadership like phaneesh murthy to address the main challenges facing mergers.
1092 wordsRead More - Mergers And Acquisitionsexplanatory essayMergers and acquisitions immediately impact organizations with changes in ownership, in ideology, and eventually, in practice. There are multiple reasons, motives, economic forces and institutional factors that can, taken together or in isolation, influence corporate decisions to engage in mergers or acquisitions. The financial risks of merging with or acquiring an organization in another country and how those risks can be mitigated are important issues for corporations to conduct research on. This paper will examine the sensible and dubious reasons for mergers and acquisitions and the benefits and costs of the cash and stock transactions.
In this essay, the author
- Explains that mergers and acquisitions impact organizations with changes in ownership, ideology, and eventually, in practice. there are multiple reasons, motives, economic forces and institutional factors that influence corporate decisions.
- Explains that a merger is the statutory combination of two or more corporations in which one of the corporations survives and the other corporations cease to exist.
- Explains that the pressures emanating from international competition, financial innovation, economic growth and expansion, heightened political and economic integration, and technological change have all contributed to the increased pace of mergers and acquisitions.
- Explains that mergers and acquisitions impact organizations with changes in ownership, ideology, and eventually, in practice. foreign business risks can leave a company in ruins if the business doesn't protect itself.
- Explains that an irrevocable letter of credit is a financial instrument that can help organizations make sales to foreign entities safely.
- Explains that conducting business internationally can be a risky investment. political risk is the possibility of negative events such as expropriation of assets, changes in tax policy, restrictions on the exchange of foreign currency, governmental controls in the foreign country.
- Explains that translation exposure is the risk that a company's equities, assets, liabilities or income will change in value due to exchange rate changes. transactions exposure happens during international trade as well.
- Cites brown, eric, and florida incorporations' glossary of terms.
- Cites mcdougall, gilles. the economic impact of mergers and acquisitions on corporations. week 5 lecture.
1106 wordsRead More