Johnson & Johnson Marketing
What types of advertising and promotion are used?
Johnson & Johnson (NASDAQ: JNJ) competes in three core businesses including consumer, medical devices & diagnostics, and pharmaceuticals. Each of these businesses have significantly different market segments, and the customers in them have completely different needs and preferences for how they learn about new products (Henke, Rachel M., et al., 490). The consumer market is heavily influenced by online and Web-based advertising and promotion, and relies on e-mail-based coupons and communication as their purchasing cycle is the shortest of all three JNJ business units (Pressman, 70). The advertising and promotion used in medical devices and diagnostics however is heavily slanted towards expert-based selling including through leadership-based selling events where JNJ product experts meet directly with physicians and other members of the buying process. For the medical & diagnostics segment, advertising and promotion is geared more to expert-selling and having actual PhDs on staff at JNJ meet personally with customers. Credibility is a critical selling factor in this market. The third market segment is the pharmaceuticals and this is the most heavily regulated of all. JNJ must stay in compliance to government regulations...
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