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Strategic Plan
Since 1941, Stryker has been at the forefront for delivering medical equipment to numerous healthcare organizations and individuals. Some of the different products they market include: surgical navigation / communication, trauma implants and endoscopic systems. They sell them directly to cliental and through third party providers (such as: dealerships) in 100 countries around the globe. (Standard & Poor's, 2013)
However, the industry is continuing to evolve and it is shifting its practices. To fully understand what is occurring, requires creating a research proposal that will focus on the strategic plan for the firm. This will be accomplished by looking at the vision / mission / strategies / values and conducting an internal / external environmental analysis. Together, these elements will illustrate how the company can adapt and evolve with the challenges it is facing inside the marketplace. (Standard & Poor's, 2013)
How you intend to ensure the organization's vision, mission, and people strategies and values statements are aligned with the proposed strategic plan.
Stryker's vision statement is concentrating on meeting the needs of stakeholders through providing them with state of the art solutions. This is addressing their current and future needs. At the same time, they are focused on creating new businesses, roles, resources and investments which are driving personal growth inside the firm. The helps staff members to build their knowledge, service...
("Company Overview," 2013)
The firm's mission is to service the demands of cliental and provide them with superior products / services. This allows them to continue to meet the changing requirements of customers and to offer them with something more. Over the course of time, this assists everyone in understanding how to adjust with these needs through embracing different kinds of strategies. ("Company Overview," 2013)
The people understand what is important to stakeholders and the best approaches for evolving with these requirements. This is accomplished by comprehending their beliefs and utilizing them as a part of the policies and procedures embraced by firm. Once this happens, is when the company can introduce products and services which are in demand. At the same time, it will enable them to understand shifts in the marketplace and the lasting effects on the sector. ("Company Overview," 2013)
Values are the basic morals embraced by Stryker. This means creating a culture, which is focused on outcomes and making a difference in the lives of ordinary people and healthcare professionals who are using their technology. When this occurs, the company can show how they care about stakeholders and are dedicated towards having a positive impact on everyone. These areas will be aligned with the research proposal by: examining the way company is meeting key objectives, their influence on everybody and…
References
Company Overview. (2013). Stryker. Retrieved from: http://www.stryker.com/companyoverview/
Stryker Selects Top Talent. (2005). Business Journal. Retrieved from: http://businessjournal.gallup.com/content/19090/stryker-selects-top-talent.aspx
Spitzlinger, R. (2010). Mixed Method Research. Hoboken, NJ: Wiley.
Standard & Poor's. (2013). S&P Stock Guide. New York, NY: McGraw Hill.
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