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Oticon

Founded	1904
Founder	Hans Demant
Headquarters	Smørum, Egedal , Denmark
Products	Hearing aids
Number of employees	3000+
Parent	Demant A/S

Oticon is a hearing aid manufacturer based in Copenhagen, Denmark. The company is a subsidiary of Demant A/S. It was founded in 1904 by Hans Demant, whose wife was hearing impaired. The company claims to be the world's second-largest manufacturer of hearing aids, and uses a management style known as "spaghetti organization"^[1]^[2] introduced by Lars Kolind^[3]^[4]^[5] under his leadership between 1988 and 1998.^[6]^[7]^[8]

Oticon has branches in several countries, including a production plant in Poland, with more than 3,000 employees worldwide.^[9]

Oticon Medical

Oticon Medical is a sister company of Oticon, both being subsidiaries of the Demant Group.^[10] Whereas Oticon specialises in hearing aids, Oticon Medical specialises in hearing implants and released its first products in 2009.^[11] The company's Ponto bone conduction implant is now in its fifth generation.^[12]

In 2013, Oticon Medical acquired Neurelec, a French producer of cochlear implants.^[13]

In April 2022, Demant announced it had agreed to sell Oticon Medical to Australian company Cochlear Limited for DKK850 million and would exit the hearing implant business.^[14]

References

^ "Oticon A/S: Spaghetti Organization and Beyond". IBS Center for Management Research. Retrieved 12 September 2012.
^ "Case Study: Revolution at Oticon A/S: The Spaghetti Organization (Condensed)". Harvard Business Review. Retrieved 10 September 2012.
^ Peters, Tom (January 1994). Liberation Management. United States: Ballantine Books. p. 880. ISBN 0-449-90888-7.
^ Ewing, Jack (6 August 2007). "Denmark's Masters of E-Mail Marketing". Bloomberg Businessweek. Archived from the original on 9 July 2012. Retrieved 12 September 2012.
^ Poulsen, Per Thygesen (1993). Tænk det utænkelige: Revolutionen i Oticon. Denmark: Schultz Erhvervsbøger. p. 174. ISBN 87-569-7920-7.
^ Tænk det utænkelige: Revolutionen i Oticon. 1993. ISBN 9788756979207. Retrieved 12 September 2012.
^ "Think the Unthinkable (in Danish: Tænk det utænkelige!)". Kolind Kuren. Retrieved 12 September 2012.
^ Morsing, Mette; Eiberg, Kristian (1998). Managing the Unmanageable for a Decade. Denmark: Oticon A/S. p. 244.
^ "Oticon Hearing Aids". Apex Hearing. Retrieved 6 May 2014.
^ "Oticon Medical – A company founded on care". earcommunity.org. Retrieved 24 March 2022.
^ "Our history". www.demant.com. Retrieved 24 March 2022.
^ "Oticon Medical bone-anchored hearing devices". Healthy Hearing. Retrieved 24 March 2022.
^ Apr 2; Ear, 2013 | Behind the; Implants, Cochlear; News | 0 |, Industry (2 April 2013). "William Demant Acquires Neurelec, a French Manufacturer of Cochlear Implants". The Hearing Review. Retrieved 24 March 2022.{{cite web}}: CS1 maint: numeric names: authors list (link)
^ Ogg, Matt (27 April 2022). "Cochlear to acquire loss-making Oticon Medical for $170 million". Business News Australia. Retrieved 6 May 2022.

External links

Oticon's official website
Oticon's official UK site for NHS (Oticon NHS), which includes information and training resources for NHS hearing care professionals and the general public

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