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Corporate Overview of Johnson and Johnson (J & J)
According to Moreau, "J&J began with brothers James Wood and Edward Mead Johnson, who formed a partnership in New Brunswick, N.J., in 1885" (32). A couple of months later, both Edward and James were joined by another sibling of theirs -- Robert Wood Johnson. However, it was not until the year 1886 that the company offered for sale some of its first products which included antiseptic dressings (surgical). One year later, the company was incorporated with its first president being Robert Wood Johnson. As the Johnson and Johnson Company website notes, Johnson and Johnson was the first to develop commercial first aid kits (n.d). These kits experienced widespread usage though they were initially meant for railroad workers. The company further continued with its resolve to develop new products with the 1894 release of kits for maternity which were meant to enhance the safety of both the mother and the child during childbirth. Other notable products released...
The company has over time expanded through a series of acquisitions to assume its current form.
In regard to the management team, soon after its incorporation, the entity's first president and chairman became Robert Wood Johnson. Two decades later, the chairmanship was taken over by James Wood Johnson who served in that position until 1932 when Robert Wood Johnson II took over. Others who have served as corporate chairpersons of the company include Hofmann, Sellars, Burke and Larsen. The current chairman and C.E.O of the board is William C. Weldon. In regard to the company's corporate location, it is important to note that the same has not changed over the years. Though the company has over time spread its presence across the world, its headquarters remain at New Brunswick.
When it comes to ownership and subsequent changes, it is important…
Works Cited
Johnson and Johnson. "Our Timeline." Johnson and Johnson. N.p., 2012. Web. 6th March 2012.
Moreau, Dan. "The Health Company's Share Price is Hurting." Kiplinger's Personal Finance. October 1994: Vol. 48, No. 10. Print.
As with many pharmaceutical products manufacturers, the extent of supply chain and quality performance has a direct effect on distribution, profitability and services performance as well (Stevenson, 2012). Beginning with supply chain management, J&J has an intensively level of supplier audits they expect each supplier to pass and also randomly be able to manage as they provide materials, components and subassemblies to the company (Wechsler, 2011). Supplier audits form the
Additionally, it has been observed that whenever companies implement strategies of CSR, they do this not out of individual choice and desire, but as a result of imposed legislations. "All of these decisions are made under the mandatory legal rules embodied in employment and labor law, workplace safety law, environmental law, consumer protection law, and pension law. Such rules, because they often apply to all businesses, are not susceptible to
76), ROE has ranged from 21.6% to 28.3% in recent years, with the 2007 figure being 25.6%. This reflects outperformance of both the industry and the market. The ROA has exhibited similar outperformance of both industry and market. The return on assets for JNJ over the past several years has ranged from 13.1% in 2007 to 17.l% in 2005. The industry five-year average is 8.85% and the market five-year
ELearning in Corporate Environments Organizations and eLearning Organizations today are in a continuous state of evolution. There is consistent learning, interacting, and implementation of new solutions to organizational challenges. This means that in order for organizations to succeed they must find ways to share their collective wisdom, preferably in real-time. The remedy most turn to is technology. Specifically, organizations are finding creative ways to include eLearning, or electronic learning, into their overall
Johnson and Johnson issued a public relations response immediately naming their number one priority: to aggressively protect any consumer from the potential hazards that may be present in any of their family of products. Symptoms of the Problem -- Quickly, the crisis reached epic nationwide coverage. The panic that ensued, somewhat as the result of the twenty-four hour media coverage, fueled this panic into a frenzy. One hospital in Chicago,
This kind of competition can prove to be more effective than governmental regulations since firms are reluctant to follow government mandates. Methodology: Secondary research has been used as the main tool. Important journal articles, case studies and analyses have been included to understand the concept of CSR and its use in gain competitive advantage. ANALYSIS and DISCUSSION Social responsibility is closely connected with concern for financial growth. According to this belief, firms seek