Medtronic, Inc.: Mission in Motion - Project 6

“ Nothing I can say about Medtronic today makes me happier or more optimistic about the future than the fact that the Mission is deeply embedded as a permanent part of the culture.” 

--Earl Bakken, Co-Founder and First CEO of Medtronic (1957-1974)

Medtronic, Inc., headquartered in Minneapolis, Minnesota, produces medical technologies that treat neurological and musculoskeletal conditions, diabetes, and cardiac and vascular diseases. Operating in over 140 countries, the company employees almost 50,000 individuals. In 2013, Medtronic had $16.6 billion in revenue and $3.5 billion in net earnings.

At a 1960 board meeting, Bakken first outlined the ideas that would later form Medtronic's mission. I can't help but think that Bakken was influenced by Johnson & Johnson's famous credo, written in 1943. (For an interesting analysis of crafting meaningful missions, I suggest reading "4 Rules to Craft a Mission Statement that Shapes Corporate Culture" from Fast Company.)

Medtronic Mission Statement
from A Legacy of Improving Lives: Our History

Today, Medtronic's corporate social responsibility initiatives are inspired by the sixth tenet of the mission: to maintain good citizenship as a company. To achieve their mission, Medtronic has identified five strategic pillars of their CSR program: addressing chronic disease, a collaborative culture of innovation, responsibility in the marketplace, progressive environmental stewardship, and total employee engagement. These five pillars flow from the mission and reflect the core competencies of the company. Through the Medtronic Foundation, the company donated $64.6 million in cash and in-kind donations.

In terms of environmental stewardship, Medtronic conducted an initial test of equipment recycling. They receive 1700 kilograms of material out of which $53,000 of precious metals were recovered. If they had disposed of the equipment, they would have incurred $21,000 in hazardous material fees. Because the test was so successful, Medtronic is now using the recycling protocol on all eligible equipment. Over the next ten years, they expect to generate $700,000. The program also reduces demand for raw material since the recovered precious metals can be used instead of virgin material.

Yokohama Provides Funds for Employee Volunteers

2011 Tōhoku earthquake damage and effects in Ishinomaki, Miyagi.
Photo by Akira Kouchiyama, Save the Children Canada
Photo licensed under the Creative Commons Attribution 2.0 Generic license

Based in Japan, the Yokohama Rubber Company produces tires, wheels, industrial supplies, and sporting equipment (including golf clubs!).

The company's volunteers are undertaking a number of volunteer projects in their region, many focusing on the needs still remaining after the 2011 tsunami. Between October 2011 and February 2012, 60 Yokohama employees supported disaster recovery efforts, and the company provided in-kind donations. Since then, employees have continued their support by providing both monetary donations and labor for restoration work.

Dow Corning Citizen Corps: International Impact

Dow Corning offers employees a number of employee volunteer programs in their key areas of education, community vitality, and outreach. However, if I were an employee of Dow Corning, I'd want to join the Dow Corning Citizen Service Corps. In this program, employees commit to a four-week service project in which they provide skills-based volunteering in developing countries.

The first trip, conducted as a pilot, garnered 100 applications from employees out of which 10 were selected to travel to India in 2010 for a four week assignment. A second cohort worked in Bangalore. Some tweets about the Citizen Service Corps are indexed under #DCServiceCorps. There is reference to a blog for participants, but it is password protected.

Because the Dow Corning employees spent a month immersed in the local culture, they were able to experience a developing country and assist its citizens. Each employee was assigned to a particular project, and the employees provided expertise and assistance to the community partners. Employees brought back to Dow Corning a better sense of the opportunities and challenges for the company at the bottom of the pyramid. Laura Asiala, Director of Corporate Citizenship, noted that the company is exploring at least 15 business opportunities derived from the experiences of DC Citizen Corps volunteers. Upon her return, one employee remarked that the experience made her career more meaningful. A study commissioned by DC and conducted by a Harvard Business School Professor, revealed that alumni of the program were less like to turnover. My biggest question is why DC hasn't sent more cohorts.

Pyxera, founder of the Center of Excellence for International Volunteering manages international skills-based volunteering programs to handle the administrative details that companies may not have the expertise or desire to handle. IBM, a founding partner, regularly sends teams of employees through its Corporate Service Corps program. Patagonia offers a sabbatical program, just as exciting for its employees, but the placements are not always international, and they are not team-based.

Whether domestic or international, these longer-term volunteer placements provide numerous benefits to the employee, the host community, and the company. If your business strategy relates to development, selecting such an EVP may provide multiple gains above the program's expense.

 

References

• Kanani, Rahim (2012, July 17). "IBM Deploys Talent, Technology and Innovation for Global Social Progress," Forbes. 
• Tergeson, Anne (2012, January 9). "Doing good to do well," Wall Street Journal.