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What is

Medtronic was founded in 1949 as a medical equipment repair shop by Earl Bakken and his brother-in-law, Palmer Hermundslie.

Did these two men set out to change medical technology and the lives of millions of people? No. But they did have a deep moral purpose and an inner drive to use their scientific knowledge and entrepreneurial skills to help others.

That spirit — combined with our founders’ personal integrity and passion — became our guiding philosophy and, ultimately, the Medtronic Mission.

Our first life-changing therapy — a wearable, battery-powered cardiac pacemaker — was the foundation for many more Medtronic therapies that use our electrical stimulation expertise to improve the lives of millions of people.

Over the years, we developed additional core technologies, including implantable mechanical devices, drug and biologic delivery devices, and powered and advanced energy surgical instruments. Today, our technologies are used to treat nearly 40 medical conditions.

THE MEDTRONIC MISSION:

⸺ 01

To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life.

⸺ 02

To direct our growth in the areas of biomedical engineering where we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions.

⸺ 03

To strive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service.

⸺ 04

To make a fair profit on current operations to meet our obligations, sustain our growth, and reach our goals.

⸺ 05

To recognize the personal worth of all employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company’s success.

⸺ 06

To maintain good citizenship as a company.

THE MEDTRONIC MISSION:

⸺ 01 To contribute to human welfare by application of biomedical engineering in the research, design, manufacture, and sale of instruments or appliances that alleviate pain, restore health, and extend life.
⸺ 02 To direct our growth in the areas of biomedical engineering where we display maximum strength and ability; to gather people and facilities that tend to augment these areas; to continuously build on these areas through education and knowledge assimilation; to avoid participation in areas where we cannot make unique and worthy contributions.
⸺ 03 To strive without reserve for the greatest possible reliability and quality in our products; to be the unsurpassed standard of comparison and to be recognized as a company of dedication, honesty, integrity, and service.
⸺ 04 To make a fair profit on current operations to meet our obligations, sustain our growth, and reach our goals.
⸺ 05 To recognize the personal worth of all employees by providing an employment framework that allows personal satisfaction in work accomplished, security, advancement opportunity, and means to share in the company’s success.
⸺ 06 To maintain good citizenship as a company.

As a global citizen, we strive to develop products that minimize environmental impact across their lifecycle — from design, materials sourcing, and manufacturing, to product packaging, recycling, and disposal. We also continuously innovate operations to minimize our environmental footprint, setting goals and monitoring progress to reduce energy use, emissions, waste, and water use.

Our future depends on employing world-class talent whose ideas fuel meaningful innovation and improved healthcare outcomes for patients and partners. As a company of more than 90,000 employees in 150+ countries, we work hard to fulfill the fifth tenet of our Mission — to recognize the personal worth of all employees. We value an inclusive, diverse, and equitable global workforce and strive to advance professional development, support employee health and wellness, and reward our employees with competitive compensation, benefits, and recognition.

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