Senior Principal Portfolio Manager

COVID-19 vaccination requirements

Stryker is driven to work together with our customers to make healthcare better. In order to fulfill our commitment as a federal contractor, while focusing on the health and safety of our employees and those that we serve, Stryker is encouraging US employees as well as all new US employees joining our company to be fully vaccinated against COVID-19. Today or in the future, vaccination may be a requirement based on the essential functions of the specific role or applicable regulations. Please refer to our COVID-19 Vaccination Requirements FAQs page for current vaccination and/or reasonable accommodation requirements and timelines.

Why join Stryker?

We are proud to be named one the World’s Best Workplaces and a Best Workplace for Diversity by Fortune Magazine! Learn more about our award-winning organization by visiting stryker.com

Our benefits include bonuses; commissions; healthcare; insurance benefits; retirement programs; stock based plans; paid time off plans; family and parenting leaves; tuition reimbursement; wellness programs; onsite fitness centers and cafeterias; discount purchase programs; and service and performance awards – not to mention various social and recreational activities.

Who we want:

• Hard-working winners. Confident, competitive and results-oriented professionals who create a track record of success.
• Dedicated achievers. People who thrive in a fast-paced environment and will stop at nothing to ensure a project is complete and meets regulations and expectations.
• Effective communicators. People who can interpret information clearly and accurately to concisely communicate results and recommendations to stakeholders.
• Collaborative partners. People who build and leverage cross-functional relationships to bring together ideas, information, use cases, and industry analyses to develop best practices.

What you will do:

Sets the future product or portfolio development strategy by leveraging a strong understanding of user needs and market insights. Responsible for product life cycle management and maintaining the strength of the portfolio including introduction and obsolescence of products. Typically works closely with R&D and other cross functional team members to define and deliver new products. Global scope of the portfolio and strong working relationships with global counterparts are essential.

• Advise on the organization's major competitors
• Anticipate and proactively counteract the different types of competition that will be faced in the future
• Understand and drive improvement in market penetration and competitive positioning
• Optimize our offering for current and prospective customer needs
• Build lasting relationships with existing key opinion leaders and foster new relationships
• Analyze unmet needs to identify and implement product and service opportunities. Able to summarize qualitative and quantitative studies, drawing actionable conclusions for the business.
• Determine strategies based on market research results.
• Translate customer input into unmet needs. Validate key assumptions and variables that factor into the conclusions of market research.
• Anticipate market trends and proactively adjust strategy based on healthcare environment
• Raise coworkers' awareness of industry standards, practices and guidelines
• Lead the new product development process (NPDP) from start to finish, engaging key internal stakeholders along the way
• Collaborate cross-departmentally to participate in the new product development process
• Subject matter expert on building portfolio strategy and execution
• Communicate long-term portfolio segment strategy to key stakeholders to gain organizational alignment
• Lead product life cycle management of the portfolio from launch to obsolescence
• Partner with R&D to anticipate future needs and the strategic assets needed to compete
• Partner with Clinical Affairs to generate clinical trials, research grants, and cost-benefit analysis papers to support clinical claims strategy
• Guide teams in linking the marketing budget to customer acquisition and retention objectives
• Understands market dynamics that may impact Marketing Objectives in the future and make proactive recommendations to marketing strategy anticipating future market
• Help build current market strategy and makes recommendations on new market segment opportunities
• Effectively use appropriate benchmarks and documents key assumptions when developing forecasts
• Develop and incorporate the product lifecycle management (PLCM) plan into the initial strategy
• Manage price competition and assure alignment with overall business unit pricing goals
• Monitor effectiveness of all marketing channels and promotional campaigns
• Establish company and industry best practices for business performance analysis

What you need:

• Bachelor’s degree required
• 10+ years of work experience required

• MBA preferred
• 7+ years medical device or marketing experience preferred
• Excellent presentation and interpersonal communications skills
• Strong analytical and problem-solving skills
• Ability to manage multiple projects while delivering on established timelines
• Ability to be persuasive in the absence of organizational authority
• Must be able to understand and work within complex interdivisional procedures and policies
• Demonstrated proficiency in Microsoft Office (Excel, Word & PowerPoint)

What We Offer

• A winning team driven to achieve our mission and deliver remarkable results
• Quality products that improve the lives of customers and patients
• Ability to discover your strengths, follow your passion and own your own career

Learn more about Stryker:
https://www.stryker.com/

Know someone at Stryker?

Be sure to have them submit you as a referral prior to applying for this position. Learn more about our employee referral program at https://careers.stryker.com/referrals/

About Stryker

Stryker is one of the world’s leading medical technology companies and, together with our customers, is driven to make healthcare better. We offer innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes.

We are proud to be named one of the World’s Best Workplaces and a Best Workplace for Diversity by Fortune Magazine! Learn more about our award-winning organization by visiting stryker.com