Dashboard

E-Commentary

Go to Commentary

Sponsored
joined 2 years, 1 month ago

Clear Smiles Dental

Mr
Directory:
Healthcare
Expertise:
dentist

Clear Smiles Dental is where dentistry transcends mere tooth care. Our dedicated team, led by expert dentists, is committed to enhancing your oral health and boosting your confidence with a winning smile. We offer a wide range of dental services such as dental implants and veneers, all provided in a comfortable, family-friendly dentist office. As your family dentist, we cater to all ages, from kids to adults. At our dental clinic, your smile's health and radiance are our top priorities. Experience top-notch care at Clear Smiles Dental today.

Phone Number:
954-613-8460


view this profile
joined 2 years, 1 month ago

Christine Hammer

True North Orthodontics
Directory:
Dentistry
Expertise:
dentist

True North Orthodontics Duluth is the hallmark of crafting beautiful, life-changing smiles in an environment that exudes hospitality. Our orthodontic treatments are steeped in excellence, ensuring that every patient experiences remarkable results and lasting memories. We believe in infusing fun into our work, making the world more beautiful by creating confident smiles. We understand the preciousness of your time and strive to provide services that are not only convenient and efficient but also deeply memorable. Join us in the pursuit of a more beautiful and confident you, where your smile becomes the voice that speaks volumes about your transformation.


view this profile
joined 2 years, 1 month ago

Ruchir Chawala

Healthy Smiles Dental Clinic
Directory:
Dentistry
Expertise:
Dental

Personalised patient care experience from one of the best dental doctors team in south delhi. Highly affordable and best in class treatment by highly experienced team of renowned dentist in Qutab institutional area.Utmost importance to latest technology equipment in dental care. Specialised is painless root canal treatment in 1 hour. Dental Implants. Crowns and bridges. Gum treatment and teeth whitening services. Surgical extractions. Personalized care by team of highly experienced dental doctors team in Katwaria Sarai main road 110016


view this profile
2 years, 1 month ago

The Silent Obstacle to MedTech Growth and Value Creation

HealthPad
Directory:
Medical Technology
Tags:
commentary
Medical Technology
MedTech
  • The MedTech industry has undergone a transformative journey marked by prolific mergers and acquisitions (M&A)
  • Between 2006 and 2016, the industry witnessed 2,680 acquisitions totaling US$607.8bn
  • In the pursuit of efficient integrations corporations often overlooked the significance of fostering a distinct organisational culture
  • In many cases this resulted in cultural dissonance, which is a silent but substantial obstacle to growth and value creation
  • Stories can overcome this obstacle and help to bridge gaps, align interests, and cultivate a shared sense of purpose among employees and stakeholders for long-term MedTech success
 
 The Silent Obstacle to MedTech Growth and Value Creation
 
The MedTech industry, marked by decades of prolific mergers and acquisitions (M&A), has undergone a transformative journey fuelled by factors like the pursuit of economies of scale, technological access, and navigating regulatory challenges. While strategic consolidations have yielded financial and organisational benefits, often they have inadvertently overlooked the softer facet of corporate identity - organisational culture.
 
Illustrating the magnitude of M&A within the industry, the decade from 2006 to 2016 witnessed 2,680 acquisitions with a value totaling US$607.8bn. Noteworthy is the consistency in the frequency of these acquisitions, juxtaposed against the variability in the consideration of individual deals.
                                                                                                                     
By 2023, a notable shift occurred within the MedTech M&A landscape. The deceleration of M&A activity led to a saturation in market segments with products and services, which intensified competition for market share and exerted pressure on pricing and profit margins. As the M&A market cooled, the accessibility to cutting-edge technologies became more elusive, putting companies at a disadvantage in terms of product development and maintaining competitiveness. Simultaneously, heightened geopolitical tensions and trade restrictions further complicated supply chains and distribution channels. The constrained M&A environment raised hurdles for expanding into emerging markets, which narrowed potential growth opportunities. Integrating talent from acquired companies, a common practice in M&A, also faced challenges amid the slowdown, which impacted the ability to sustain a competitive edge in expertise and innovation. Without the efficiency gains typically associated with M&A, numerous companies encountered escalating cost pressures, which encompassed R&D costs, manufacturing expenses, and other operational outlays that adversely affected overall profitability. The heighted expectations from shareholders for consistent growth, a hallmark for large diversified MedTechs, faced added difficulties due to the deceleration of M&A activity, potentially influencing stock prices and investor confidence.
 
Periods of integrating acquired enterprises tend to be dominated by the pursuit of efficiency, cost savings, and regulatory compliance, which often means relegating the significance of cultivating a distinct and cohesive organisational culture. In the current landscape, where M&A activity has decelerated and corporate values have plateaued, the ramifications of this neglect are becoming increasingly evident. Some enterprises are finding themselves with fragmented cultures, which have low levels of solidarity: employees disagree about organisational objectives, critical success factors, and performance standards. This can make organisations challenging to manage, and leaders unable to affect change. Organisational culture is not simply rhetoric; it is a critical element that molds how employees perceive their roles, comprehend their company's mission, and ultimately contribute to innovation and value creation. Further, a robust and distinctive culture plays a role in attracting and retaining top talent. In an industry driven by innovation, retaining the brightest minds is important for success. When employees sense a misalignment between their personal values and the organisational culture, it can result in disengagement, increased turnover rates, and a depletion of institutional knowledge - all of which undermine long-term growth.
 
Consider this scenario: A MedTech company with a clear and supportive culture is well equipped to navigate the intricacies of the industry. Such an environment fosters a shared sense of purpose and identity among employees, creating a collaborative space where diverse talents can thrive. This, in turn, augments a company's capacity to adapt to industry changes, respond to emerging healthcare needs, and drive sustainable value creation.
 
Culture embodies community; it is the essence of how individuals connect with each other. Flourishing communities arise from shared interests, mutual obligations, and a foundation of cooperation and camaraderie. A common oversight in certain management literature concerning corporate culture is the assumption that organisations are inherently homogeneous. However, just as one organisation differs from another, so do its internal units. Consider the contrasting nature of, for instance, the R&D function compared to manufacturing within a MedTech company. Moreover, hierarchical distinctions within an enterprise add layers of diversity; the cultural dynamics of senior leadership teams may differ markedly from those of middle managers and blue-collar workers.
 
In the MedTech industry, where financial and organisational factors maintain their importance, a strategy that develops a distinctive organisational culture is equally important. Overlooking cultural integration presents a nuanced yet potentially significant barrier to growth and value creation. This challenge manifests itself through indicators such as disengaged employees, talent attrition, and a lack of adaptability in meeting the evolving demands of the industry. Recognizing and addressing this cultural deficit extends beyond employee satisfaction; it emerges as a strategic imperative for long-term success in the dynamic landscape of MedTech.
 
Further, as corporations expand globally they encounter challenges to unite and motivate their constituencies. Internationalization means transcending geographical, linguistic, cultural, and religious boundaries. Multinational corporations operate in a world where employees are from various countries, speak different languages, and possess diverse cultural backgrounds, which emphasises the significance of establishing common ground and fostering a sense of belonging. Moreover, modern organisations are linked to an array of stakeholders, including governments, patients, insurance firms, advocacy groups, and a wide spectrum of customers. These often hold distinct interests and priorities, occasionally leading to conflicts with both each other, and the organisation's objectives.
You might also like:

Forging a path for digital excellence in the MedTech Industry

 
The power of stories

In this interconnected ecosystem, a cohesive and inspiring narrative emerges as a potential remedy for dissonance. A well-crafted story has the capacity to bridge divides, align interests, and instil a collective sense of purpose among both employees and stakeholders. This, in turn, contributes to a corporation's overall success.
The impact of a unifying narrative does not confine itself to an organisation's internal boundaries. It acts as a catalyst for collective action, motivating employees, and stakeholders alike toward shared objectives. This shared story becomes the driving force behind innovation, it bolsters problem-solving capabilities, and shapes the organisation into a responsive and adaptable entity. In a world where trust, differentiation, innovation, talent attraction, stakeholder engagement, and customer loyalty wield substantial influence, a captivating narrative emerges as a positive force for a diversified MedTech company. It adeptly communicates the company's mission, values, and impact, establishing trust, distinguishing the brand, fostering innovation, attracting top talent, engaging stakeholders, and cultivating customer loyalty. Ultimately, it solidifies a company's brand identity, nurtures relationships, and fuels long-term commercial success.
 
The potency of an inspiring company narrative lies in its ability to weave a common thread through the diverse interests of employees, creating unity and a shared company culture. A compelling story acts as a connective tissue, transcending departmental and hierarchical boundaries, resonating universally regardless of individual roles or backgrounds. Such narratives instill a collective sense of purpose and pride, fostering a shared identity embraced by every employee. When everyone is tethered to a common story, it encourages a cohesive culture where values and goals are not just communicated but lived and upheld by each member of the organisation. This shared narrative becomes a wellspring of motivation, aligning the workforce toward a singular vision and propelling the company forward as a unified and harmonious entity.
 
These claims may seem exaggerated when applied to a company narrative. However, to grasp the potential impact of storytelling, let us briefly examine the realms of religion, politics, finance, and the women’s movement. All these domains are predicated upon narratives that not only inspire and motivate diverse groups of individuals but also make them reshape their lives and dedicate their time and energy to the causes these narratives portray.
 
Religion

Religion plays an important part in the spiritual lives of billions of people around the world. Religious stories hold a significant influence over the beliefs and practices of faith communities, providing them with a sense of meaning and purpose. The potency of a narrative's impact is exemplified in the case of Jerusalem, a city that embodies the enduring power of stories.
 
For Jews, Jerusalem is a testament to the divine intervention of their narrative, where God commanded Abraham not to sacrifice his son Isaac. For Christians, Jerusalem holds multifaceted significance across various church factions, but it universally marks the hallowed ground where Jesus Christ delivered his teachings and shared the Last Supper with his disciples before his crucifixion. Similarly, for Muslims, Jerusalem bears importance as the place where the Prophet Mohammad started his mission and experienced a divine vision.
 
What is striking about these narratives is that they have endured through centuries, despite the absence of any scientific evidence, relying on the power of spiritual belief. This emphasises the influence of storytelling. People hold these stories dear to their hearts, embracing them with unwavering faith. Such narratives have the power to shape cultures, societies, and even geopolitical landscapes. The enduring power of religious narratives, like those surrounding Jerusalem, teaches us that stories are more than tales, but the scaffolding upon which belief systems are constructed, and they have the potential to move nations and shape destinies.
 
Politics

Consider politics. Political ideologies are founded upon stories that individuals hold so firmly that they are prepared to resolutely defend their convictions, even at the cost of armed conflict. These ideologies shape the governance, policies, and destinies of nations, and their power lies in the stories they tell.
 
Consider democracy, for instance. It is a powerful narrative that extols the virtues of power vested in the hands of the people or their elected representatives. Democracy's story emphasizes principles of equality, individual rights, and the regular exercise of those rights through elections. It speaks to the idea that citizens should actively participate in shaping their government and society through voting and civic engagement. This narrative has led people to fight for democratic values, even in the face of oppressive regimes, as they believe in the story of democracy's inherent worth.
 
Socialism is another political ideology grounded in a compelling narrative. It advocates for collective or state ownership and control of the means of production, distribution, and exchange. The story of socialism centres on reducing economic inequality and ensuring that resources and wealth are more equitably distributed among society's members. This narrative has inspired revolutions, social movements, and political changes across the world, as believers are motivated by the story of a fairer and more just society.
 
In contrast, authoritarian states are political systems characterised by centralised power and limited political freedoms. They too are predicated on stories. Such states often feature a single leader or a small group of individuals with substantial control over the government, little or no opposition, restricted civil liberties, and limited or no free elections. They prioritize order and control over individual rights and freedoms, often relying on censorship, propaganda, and coercion to maintain their authority. Despite its repressive nature, it has garnered fervent adherents who are willing to defend their vision of a disciplined and ordered society, sometimes at great human cost.
 
These political narratives are strong forces that shape the world we live in. They are stories that compel people to action, and at times, to support and engage in conflict. Understanding the power of these narratives is essential for comprehending the dynamics of political movements, governance, and global affairs. It emphasises that the stories we believe in are not just words; they are forces capable of reshaping societies and history itself.
 
Money

Money, in its essence, is a symbol devoid of inherent value. Take a $100 bill, for instance. It possesses no intrinsic worth; you cannot eat it, clothe yourself with it, or find shelter beneath its folds. In today's digital age, most monetary transactions occur virtually, further emphasizing that money is not a tangible commodity but a representation of value. What makes money intriguing is that its value is predicated upon a story, a narrative that commands the largest following worldwide, surpassing the collective adherents of all religions combined. Money, in essence, is a story with believers numbering billions.
 
This narrative begins with the idea that a particular piece of paper or digital entry holds value. It is a shared belief system, one upheld by individuals, corporations, and governments across the globe. This shared belief is what allows us to exchange money for goods, services, and even intangible assets like trust or promise. Consider the notion of a banknote. Its value exists because we believe in the authority and stability of the issuing government or institution. It is a mutual understanding that a piece of paper, despite its lack of intrinsic value, can be exchanged for something tangible or intangible in the real world.
 
This shared belief in money's value creates a complex web of economic interactions and relationships. It fuels trade, investment, and economic growth. It enables people to plan, save for retirement, and invest in education and healthcare. Money, as a story, is a unifying force in the modern world, transcending borders, cultures, and languages. Yet, like all narratives, money is not without its challenges and contradictions. Economic disparities, financial crises, and questions about the fairness of wealth distribution persist. But the fact remains that money, as a story, is a force of unparalleled influence, guiding the decisions and actions of individuals and nations alike. In a world where the value of money is woven into the fabric of society, it becomes clear that its true worth lies not in the physical notes or digital records but in the collective trust and beliefs that sustain this narrative. Money, in the end, is a story that shapes our lives, economies, and the world at large.
 
Women’s movement

The women's movement is a testament to the power and influence of a story about equality. Over decades, this movement has enhanced the status of women worldwide. What makes this narrative particularly interesting is that, unlike the stories underpinning religion, politics, and money, the pursuit of women's rights has largely been achieved through peaceful means, which is a testament to the millions of people around the world who embraced the story that activists told.
 
The narrative of the women's movement is simple: equality. It tells a story of a world where women and men stand on equal footings, where gender should not be a barrier to opportunities, rights, or dignity. This story resonated with countless individuals who recognized the inherent justice in this vision. The power of this story lies in its ability to inspire action. It mobilized women and men from all walks of life to come together and advocate for change. Grassroots activists, iconic leaders, and ordinary citizens joined forces, fuelled by the belief in the story's inherent truth. They organised rallies, signed petitions, and engaged in peaceful demonstrations, all with the goal of dismantling systemic inequalities and securing equal rights for women.
 
What sets the women's movement apart from many other stories that shape our world is its peaceful nature. While religious, political, and economic narratives have often been associated with conflict and violence, the women's movement has predominantly relied on peaceful activism and advocacy. This nonviolent approach has garnered widespread support and sympathy from people of diverse backgrounds, fostering a sense of unity and shared purpose.
 
The influence of this narrative has been significant. It has led to legal and societal changes, from suffrage and reproductive rights to workplace equality and gender representation in leadership roles. Women's rights have advanced on a global scale, improving the lives of millions. The women's movement is a powerful example of how a story can shape the world when embraced by a collective of individuals who believe in its message. It demonstrates that narratives grounded in principles of justice and equality can bring about transformative change, even without resorting to violence. The women's movement serves as a reminder that stories have the power to move societies and bend the arc of history toward progress and justice.
 
Takeaways

The MedTech industry's journey through decades of M&A activity has been a transformative one, marked by the pursuit of economies of scale, technological access, and regulatory mastery. The resulting financial and organisational benefits, however, have inadvertently overlooked a critical aspect: organisational culture. The magnitude of M&A activity, exemplified by 2,680 acquisitions totaling US$607.8bn between 2006 to 2016, showcases both consistency and variability in deal considerations. As we fast forward to 2023, global uncertainties prompted a recalibration of strategic initiatives, especially as MedTech companies aimed for operational scaling and global expansion. The challenges of uniting diverse constituencies in an internationalized context - spanning geographical, linguistic, cultural, and religious boundaries – emphasized the importance of establishing common ground and fostering a sense of belonging. The consequences of prioritizing efficiency and not cultivating a cohesive organisational culture during the integration of acquired enterprises has become increasingly apparent. Some companies find themselves with fragmented cultures, marked by low solidarity and disagreements about organisational objectives. This cultural deficit makes organisations challenging to manage, and leaders often feel powerless to effect change. In the MedTech sector, where collaboration and creativity are important for healthcare breakthroughs, cultural dissonance poses a significant risk. A robust and distinctive culture, however, is instrumental in attracting and retaining top talent, which is essential for success in an innovation-driven industry. A MedTech with a clear and supportive culture is better equipped to navigate industry intricacies, respond to emerging healthcare needs, and drive sustainable value creation.
 
This Commentary suggests that culture is community: a network of shared interests and obligations that thrive on cooperation and friendships. Acknowledging the heterogeneity within organisations is crucial, recognizing differences across departments and hierarchical levels. While financial and organisational considerations are critical, an approach encouraging a distinctive organisational culture is equally important. Neglecting cultural integration poses a silent yet substantial obstacle to growth and value creation - a challenge manifested through disengaged employees, talent attrition, and a lack of agility in meeting industry demands. Recognizing and redressing this cultural deficit transcends employee satisfaction; it emerges as a strategic imperative for long-term success in the dynamic landscape of MedTechs. As MedTech companies expand globally, the challenges to unite and motivate constituencies intensify. We have suggested that within this interconnected ecosystem, a unifying and motivating narrative emerges as a potential solution. A well-crafted story has the power to bridge gaps, align interests, and cultivate a shared sense of purpose among employees and stakeholders alike, contributing to a company’s success. The influence of a unifying narrative extends beyond an organisation's boundaries, serving as an inspiration for collective action. This shared story fuels innovation, enhances problem-solving, and transforms an organisation into a responsive and adaptable entity. In a world where trust, differentiation, innovation, talent attraction, stakeholder engagement, and customer loyalty are important, a captivating narrative becomes a positive contribution to the success of a diversified MedTech company. In the grand scheme of human endeavours, the power of stories seems undeniable. Whether in religion, politics, finance, or the women's movement, it is through stories that movements are built and legacies are shaped. Thus, for MedTechs to overcome the silent obstacle to growth and value creation, they might consider harnessing the power of narratives to fortify their brand identities, nurture relationships, and fuel long-term commercial success.
view in full page
joined 2 years, 1 month ago

Dr. Abrak Etemad

Newport Smile Studio
Directory:
Healthcare
Expertise:
37-38 weeks

Your smile is your most important accessory, and Newport Smile Studio is here to ensure it shines brighter than ever before. We're dedicated to helping you achieve a beautiful, healthy smile that leaves a lasting impression. Our Newport Beach dentist at Newport Smile Studio understands the significance of a captivating smile. Whether you're seeking teeth restoration, smile enhancement, or proactive oral health care, we're your go-to experts. With a wealth of experience and access to cutting-edge technology, we're committed to meeting your unique dental needs. What sets us apart is our unwavering commitment to your satisfaction. We continuously invest in the latest dental advancements, guaranteeing you a comfortable and effective dental experience. Step into our modern, welcoming facility, and you'll immediately sense the difference.


view this profile
joined 2 years, 1 month ago

Dr. Ji Yun Han

Dentistry
Directory:
Healthcare
Expertise:
dentist

At Maple Hill Family Dentistry, we've elevated dental care to an art form. Your comfort and care are not just priorities; they're our passion. Our patient-centric philosophy dictates that we do only what's best and necessary for you. Whether you need pediatric dentistry, orthodontics, Yorktown Heights dental implants, or advanced tooth replacement procedures, we're your comprehensive solution. With our cutting-edge technology and experienced staff, your smile is in the best hands. Choose Maple Hill Family Dentistry and embark on a journey towards a healthier, more beautiful you. Your smile is a work of art, and we're here to ensure it shines brighter than ever, leaving you brimming with confidence.


view this profile
joined 2 years, 2 months ago

David Boruta

Professor of Gynecologic Oncology and Reproductive Medicine
Directory:
Obstetrics and Gynaecology
Expertise:
chemotherpy
gynaecological cancer
Minimally invasive surgery

view this profile
joined 2 years, 2 months ago

Dr Prathap Parvathaneni

Best Orthpaedic Doctor In KPHB
Directory:
Healthcare
Expertise:

Are you tired of living with joint pain caused by arthritis? Look no further than Prathap Orthopaedics, Best Orthpaedic Doctor In KPHB, your trusted partner in finding relief and improving your quality of life.
At Prathap Orthopaedics, we understand the debilitating effects that arthritis can have on your daily activities. That's why our team of experienced orthopedic specialists is dedicated to providing comprehensive care and personalized treatment options for joint pain caused by arthritis.
With our state-of-the-art facilities and advanced medical technology, we are able to accurately diagnose and effectively treat various types of arthritis, including osteoarthritis, rheumatoid arthritis, and psoriatic arthritis. Our team will work closely with you to develop a customized treatment plan that addresses your unique needs and goals.
Whether you require medication management, physical therapy, joint injections, or surgical intervention, our skilled orthopedic surgeons are here to guide you every step of the way. We believe in a multidisciplinary approach to care, collaborating with other medical professionals such as rheumatologists and physical therapists to ensure comprehensive treatment.
Best Orthapedics Doctor in KPHB,Don't let joint pain caused by arthritis hold you back any longer. Contact Prathap Orthopaedics today to schedule a consultation and take the first step towards finding relief from your joint pain. Our compassionate team is ready to support you on your journey towards better joint health.

 


view this profile
joined 2 years, 2 months ago

William Fulcher

My Dental Implant Center
Directory:
Healthcare
Expertise:
dentist

At My Dental Implant Care, our Mesa implants are a testament to our commitment to your well-being. We understand that the decision to invest in dental implants is a significant one, and we're here to ensure that the benefits exceed your expectations. One of the most unique advantages of our Mesa implant services is the transformative impact they have on your self-esteem. Our dental implants offer a natural-looking smile that boosts your confidence and positively influences every aspect of your life, from social interactions to professional opportunities. Our Mesa dental implants are also designed with your comfort in mind. Unlike traditional dentures, our implants remain firmly in place, allowing you to enjoy meals without restrictions or discomfort. 


view this profile
joined 2 years, 2 months ago

Mohammad Al-Asadi

Cottage Hill Dental Care
Directory:
Dentistry
Expertise:
dentist

At Cottage Hill Dental Care, we take pride in offering Elmhurst dental implants that can transform your smile and improve your overall oral health. Our dental implants are a remarkable solution for those missing teeth or dealing with uncomfortable dentures. One of the key benefits of our dental implants is their stability. Unlike traditional dentures, implants are surgically placed into your jawbone, providing a secure foundation for your replacement teeth. This stability allows you to enjoy your favorite foods without worry and speak confidently without fear of slippage. Another advantage of our Elmhurst dental implants is their natural appearance and comfort. Crafted to mimic the look and feel of your natural teeth, they seamlessly blend into your smile. No one will be able to tell the difference! Additionally, these implants eliminate the discomfort often associated with removable dentures, so you can smile, talk, and eat comfortably. Choose Cottage Hill Dental Care for Elmhurst dental implants, and experience the life-changing benefits of a beautiful, functional smile.


view this profile
load more Loading..