Just a generic rant thread for Project Octane - feel free to unload here.
There isn’t much hope remaining Thierry’s launched it and we need to get ready to be nickled and dimed and denied anything we ask for.
9 replies (most recent on top)
Check engine light on-low crankcase oil
OUs are given Sustaining dollars while Corp has innovation driven growth aspirations. Math not mathing
Medtronic took outside investment for structural heart R&D, and now structural heart is of hundreds of millions of dollars in the hole, with every product delayed, mired in incompetent leadership From Nina down to directors. Nina, who works remote, brought in a VP, Sunny Kankanala, who works remote, filled with engineers that all have "collaboration days". This seems a poor way to innovate.
More nibbling around the edges trying to squeeze margins. Miss the good old days where this effort was spent on new technologies and therapies that would create growth.
A new verb is born - embrace mediocrity and get “octaned” at Medtronic! Saving our way to prosperity!
Project E85
I think the company can save more money using AI to make decisions instead of creating new VP positions with new teams.
We can easily save money by freezing hiring, freezing travel, and penny pinching spending. Oh wait... We did that. But why are projects delayed???!! I'm the VP of inflated egos and I don't understand! I hired two 3rd world contractors to take the place of that principle engineer. According to my advanced calculations... 2/1, we should have twice the productivity! Well Ive got a solution... Ill create a new corporate team of VP's, give it a cool name, and our meetings will save money! Winning.
Not a finance pro but, Doesn't the OUs own the budget, they also control managements spending, sounds like a normal "spend wisely". btw my team has zero budget and already begs for the smallest items.