VP R&D ENT. at Medtronic

Jacksonville, Florida, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Medical Devices, HealthcareIndustries

Requirements

Manages a sub-function / function for a sub-region / sub-business unit, or all operations within a country including multiple teams led by Directors and/or Senior Directors
Provides goals and objectives for a significant function/sub-function or business unit
Performs work independently, within corporate guidelines
Leads the development and authorization of short to mid-term strategies for own organization (e.g., sub-function / function for a region / business unit, or all operations within a country)
Accountable for achievement of overall results for own organization
Management authority to make significant business and strategic decisions including control of planning, staffing, budgeting, managing expense priorities, and approving changes to methods and practices
Typically has budget or P&L accountability for the business unit across geographies, divisions, product groups or service groups
Handles highly complex, undefined problems requiring extensive information gathering, analysis, and investigation, with in-depth knowledge of the company, competitive environment, technology, and economic or social implications
Participates in development of methods, techniques, and evaluation criteria
Communicates with parties within and outside of own job function, including external parties like customers or vendors
Communicates with senior executive leadership regarding matters of strategic importance
Conducts executive strategy and planning sessions with senior leaders within and outside the job function
Influences across functions

Responsibilities

Develops and directs Medtronic research for a product group or service group and/or geographical area to improve current programs and products as well as create ancillary or new products and services
Responsible for clinical trial execution including documentation of product trials, analysis, and reporting to prepare documentation required for inclusion in the company's regulatory and legislative product approvals
Responsible for the development of clinical protocols to support the product strategy, data collection, and management in compliance with appropriate standard operating procedures, regulatory, and medical standards
Plans and manages the identification, collection, and evaluation of new product ideas or strategic product extensions to determine their potential to address customer needs and to achieve goals in revenue growth and market share
Leads theoretical and experimental scientific and technological investigations for advancements or new discoveries
Oversees area of responsibility, directing the responsibilities of employees (direct and/or indirect reports) to achieve goals

Skills

R&D Leadership

Clinical Trials

Product Development

Regulatory Compliance

Clinical Protocols

Data Analysis

Strategic Planning

Scientific Research

People Management

Innovation Management

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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