1. Where is St. Jude Medical\'s (medical device manufacturing industry) industry
ID: 443573 • Letter: 1
Question
1. Where is St. Jude Medical's (medical device manufacturing industry) industry on the life cycle? Introduction, growth, maturity, or decline and why?
2. What is the dominant technological design of the St. Jude Medical's industry (medical device manufacturing industry)? Did this dominant technology develop quickly or more slowly and what influenced the speed of diffusion?
3.Where is the dominant technology on the S-curve in your focal industry? What alternatives technologies could present a paradigm shift?
Explanation / Answer
The compliance and quality requirements for medical industry are consistently evolving and St.Jude Medical are active in defining business processes for these changing expectations. Their way of delivering the highest levels of quality continues to evolve with technology, regulatory expectations, and above all, the expectations of their customers. They monitors all product life-cycle stages to assess opportunities for improvement, including: device feasibility studies, product development, clinical trials, manufacturing, marketing and promotion, storage, handling, distribution, use and service. So the life cycle is in the path of growth. They are listed as Fortune 500 company.
St. Jude Medical Receives FDA Approval for the Industry's First Spinal Cord Stimulation Trial System. The new wireless St. Jude Medical Invisible Trial System is designed to help chronic pain patients better assess spinal cord stimulation therapy prior to permanent implant. This technology has developed slowly.
S-Curve in the context of innovation in regard to an industry or product we can see that there exists four major stages of innovation. These are Ferment, Takeoff, Maturity, and Discontinuity.
Alternatives could be :Thinking Outside the Box
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