Medtronic

Engagement

AIM was engaged by the MD of India Medtronic to help identify and develop new business opportunities for growth that would leverage new business models, especially those based on digital technologies

Approach

AIM undertook a 6-months, 2-phase approach where the first phase focused on identifying new business opportunities and the second phase focused on implementation of pilot projects. AIM worked with the business heads and HR head to identify nine high potential leaders to identify and drive these opportunities. Through ongoing advisory services (including two workshops), AIM used its frameworks and models to identify business opportunities that would digitally transform the company

Results

Five new business opportunities in cardiac, neuro and restorative therapy were identified and are now being implemented. They illustrate an underlying platform-hub digital model that is new to the company. The EBIT over the next five years is estimated to be several millions of dollars.

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