Introduction
Danaher Corporation is an American global science and technology innovator company that designs, manufactures and markets professional, medical, industrial and commercial products and services. The company was founded in 1969 as a research consultancy firm. In 1979 it became incorporated under the new name of Danaher Corporation.
Danaher is a holding company with a portfolio of subsidiaries in the life sciences and medical technologies space.
One of the biggest takeaways from this section is that Danaher is a holding company with a portfolio of subsidiaries in the life sciences and medical technologies space. If you’re unfamiliar with what it means to be a holding company, then you’re in luck! We’ll get into that next.
If all you remember from reading this section, make sure it’s this: Danaher is a holding company with multiple operating companies within its portfolio, including Becton Dickinson and Beckman Coulter; it owns several medical technology firms (Danaher Medical); it has businesses in diagnostics (Hologic), dental equipment (Cerec), surgical tools (Kendall Healthcare), industrial products such as optical sensors for manufacturing environments, etc.; so on and so forth.
In 1981, Steven M. Rales acquired many companies to make the company flourish.
You’ve probably heard of Danaher since they’re a household name in the business world. In 1981, Steven M. Rales acquired many companies to make the company flourish. Since then, Danaher has been growing and expanding its operations across the globe. Some notable acquisitions include Applied Underwriters Inc., Air Liquide, Fluke Corporation (a leading manufacturer of industrial measurement and automation tools), Precision Dynamics Corporation (a manufacturer of machine tools), and Tektronix Incorporated (an electronics company). As a result of these acquisitions, Danaher has become one of the most successful firms in history with over 35 years’ experience in business growth.
The group initially operated as four separate platform companies, each with its own CEO, management team and board.
The group initially operated as four separate platform companies, each with its own CEO, management team and board. The group was acquired by Steven M. Rales in 1967 and renamed Danaher Corporation. It was then restructured into one company in 1969, operating as four platforms: Danaher Business Systems (Billing), MSA Safety Incorporated, Loctite Corporation and Tektronix Incorporated.[1]
Danaher’s current structure consists of four main business platforms:[2]
Scott Rales was appointed president of the company in 2005.
Scott Rales was appointed president of the company in 2005.
He is a top executive at Danaher, and he has been a member of the board since 2004. He is also the son of Steven M. Rales and brother to Steven M. Rales (Sr.).
The firm has a decentralized business model focused on operating as four business platforms or operating companies.
The firm has a decentralized business model focused on operating as four business platforms or operating companies. Each platform is focused on a different industry and each has its own management team and board. The platforms are divided into smaller business units, each of which is focused on a specific industry.
Each subsidiary is then divided into smaller lines of business (LOBs), which serve as customer-focused businesses that operate autonomously within their industries.
Each subsidiary is then divided into smaller lines of business (LOBs), which serve as customer-focused businesses that operate autonomously within their industries.
LOBs are focused on serving a specific customer segment and have their own operating teams and strategies, including a leadership team that oversees the overall performance of the LOB. The LOB leadership team reports directly to the CEO or COO that manages its parent company.
Each LOB may have its own products, services or technologies, but regardless of what they do or how they do it, Danaher’s strategy is to ensure that each one operates autonomously from its competitors’ core businesses.
In 2017, Danaher announced plans to split into two public companies by the end of 2018. Section: The company operates in three segments: Life Sciences, Diagnostics and Environmental & Applied Solutions.
Danaher is a holding company, which means it owns and controls other companies. It is also known as a conglomerate because it owns various businesses across different industries. Danaher’s business model allows it to operate in three segments: Life Sciences, Diagnostics and Environmental & Applied Solutions.
Danaher has multiple lines of business under each of these segments:
- Life Sciences segment – Medical Devices & Diagnostics division (Surgical & Medical Instruments) and Research Products division (Life Sciences Research).
- Environmental & Applied Solutions segment – Test & Measurement division (Test Systems), Process Systems division (Valves), Fluid Handling division (Fluid Management Systems), Biotechnology division (Bio-Inkjet Printing Technology) and Electron Microscopes division (Electron Microscope Products Group).
this is a description of the business model of Danaher
Danaher’s business model is to operate as four distinct business platforms. The company has four operating segments: Diagnostic Instruments, Life Sciences & Clinical Diagnostics, Industrial Technologies and Automation & Specialty Materials. These platforms are designed to work independently of each other and serve different customers within different markets. Danaher’s decentralized structure allows it to invest in a wide variety of businesses while still leveraging the advantages of scale that come with being such a large company.
Conclusion
I hope that you enjoyed learning more about the business model of Danaher. I wrote this blog post to share my knowledge about the business model with you. It was a fun experience writing this blog post for you, and I hope that you enjoyed reading it!
