EXECUTIVE SUMMARY
Johnson & Johnson (J&J) is the world's largest seller of healthcare products and is also the eighth largest pharmaceutical company. The company is mainly engaged in the research, manufacture and sale of consumer health care products, pharmaceuticals, and medical devices through its 265 operating companies across the world. It is headquartered in New Brunswick, NJ, USA and employs about 129,000 people in the 57 countries that it operates in.
The company recorded revenues of $74.3 billion in FY ending December 2014, an increase of 4.2% over FY 2013. The operating profit of the company was approximately $21 billion in FY 2014, an increase of 14.1% over FY2013. The net profit was $ 16,323 million in FY2014, an increase of 18%
…show more content…
They believe that people who work in health care are responsible for the well-being of all others. This serves as the focus of J&J’s global business activities. Their products ranging from baby care, pharmaceuticals, products for quitting smoking, antiseptics, vaccines and a variety of medical devices touch the lives of over one fifth of humanity.
This huge responsibility is the key driving factor for their strong value system. J&J’s credo obligates them to accord top priority to the needs of the people they are working for. The credo is applicable for all business units and represents the standards that all employees at J&J have to observe throughout the world.
The focus of their corporate philosophy has been translated into a caring statement, ‘Caring for the world, one person at a time.’ Johnson & Johnson alongwith its family of companies delivers on its promise of comprehensive care with its diversified product portfolio for people through all the key phases of life. This philosophy inspires and unites the employees of J&J. They embrace research in science through innovative ideas, products and services. They work with partners and stakeholders in health care sector to touch the lives of over a billion people daily, throughout the
“To improve the health of our community and to deliver effective and efficient healthcare in which our patients and users feel cared for, safe and confident.” Annual Plan 2013/14
The Johns Hopkins Health Systems’ most important relationship is with The Johns Hopkins University School of Medicine. This partnership is known as the Johns Hopkins Medicine, a vehicle for internal operational coordination and an integrated voice for external initiatives. Johns Hopkins Medicine allows these two distinct yet co-dependent organizations to respond in an integrated fashion to opportunities and pressures affecting the Johns Hopkins medical enterprise. Two of the most important operational entities of Johns Hopkins Medicine are Johns Hopkins HealthCare LLC and The Johns Hopkins Home Care Group, Inc.
Johnson & Johnson, a 130 years old famous multinational healthcare company through its family of companies is involved in the research and development, manufacture and sale of a wide range of products in the healthcare. Product that related to human health and well-being has always been their main interest over the years and also presently. Johnson & Johnson was incorporated in the State of New Jersey in 1887 by three brothers; Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson.
Net income on the income statement: $2,377,000,000 ($5.37 per share), which is an increase of 15% compared to 2014.
Johnson & Johnson (J&J), incorporated in 1887, is one of the largest companies in the pharmaceuticals manufacture industry. The company is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. The company has a well-diversified landscape operating in three major segments: consumer products, pharmaceutical and medical devices and diagnostics. The company 's corporate headquarters is located in New Jersey but has facilities in 57 countries. With over half its sales
Walgreens is the second-largest retail pharmacy chain in the United States. The company’s mission is to be America’s most loved pharmacy-led health, wellbeing, and beauty retailer (Walgreens Mission, n.d.). Our purpose is to champion everyone’s right to be happy and healthy through the company slogan of “Corner of Happy and Healthy.” Our core focus is to improve the quality of life through our pharmacy services, Take-care clinics, and health and beauty products. These messages are widely broadcast through media such as television commercials, radio, and health and fitness magazines.
Many groups are involved with the improvements of health care for the public. Many related aspects of the general quality of research and of care provided to the patient population are shared by these groups. The IOM is an explicitly nonprofit organization that is associated with the National Academy of Sciences. They “give unbiased advice, accurate information to professionals and government officials to enhance the health of the general public” (Marrocco & Stabb, 2015). By the same token, the RWJF is also a charitable organization that was founded by the chairman of Johnson and Johnson Company. The soul focus of RWJF is on health related issues in the U.S. and “supports training, education, research, and projects related to U.S. health-care services” (Robert Wood Johnson Foundation, 2015). The
operating profit reached $396.7 million in FY2012, an increase of 47.6% over FY2011. Also, the net
We believe it is in our best interest to promote human dignity and health. Our company is
CVS, a national pharmacy chain, works not only in but also with the community. The company focuses on the betterment of society. Its extensive Corporate Social Responsibility strategy, entitled Prescription for a Better World, places CVS at the center at a variety of mainstream issues. The three focal points of its CSR plan are the environment, the economic opportunities for citizens, and the health of the community (Novick O’Keefe 2014). CVS has a whole department focused on CSR, called CVS Caremark, which houses the CVS Caremark Charitable Trust. Their many projects include the end of Tobacco distribution, the betterment of school and local health care, sustainability, and charitable events.
Kaiser Permanente Healthcare organization has an overarching agenda for achieving excellence, focuses on high-impact health conditions, provides goal-oriented tools to analyze population data, proactively identifies patients in need of intervention, supports systematic process improvements, and promotes collaboration between patients and professionals to improve health. Now the struggles of being able to address all their needs must be met in a highly competitive healthcare system. A little bit of history about how far we have come and the changes we are continuously making daily to meet goals will also be in the paper. Before I continue on this paper, I would like to say that I have a lot of information on these topics. I have already completed the twenty page paper for the most part and now I am just putting it all together. Our
Johnson & Johnson, a fortune 500 company, is an American multinational pharmaceutical, medical device, and consumer packaged goods manufacture. The headquarters are located in New Brunswick, NJ. They are currently the sixth-largest consumer health company, and the world fifth-largest biologic company. Johnson & Johnson claims the title of the world's largest and most diverse of medical devices and Diagnostics Company. This company is notorious for running many initiatives in the hopes of helping others and their well beings. For example, in September 2011 J&J announced the launch of every mother, every child, a comprehensive, five year, private-sector effort to improve the health of woman and children in developing countries. It's an initiative which supports the United Nations' April 2010 call for a renewed effort to achieve the Millennium Development Goals of reducing morality in woman and children by 2015. There are four main programs to achieve the goal, which are mobile health for mothers, intestinal worms in children, R&D innovations, and Safe Birth Programs. "Every Woman, Every Child has shown what can be achieved through close cooperation between the UN, governments, and the private sector," said United Nations Secretary General Ban Ki-Moon. "A great deal has been achieved in the last year. Visionary leaders recognize the value of investing in the health of women and
There are three distinct segments of the healthcare industry where Johnson & Johnson is mainly concentrated.
Johnson & Johnson is a global American company that operates as a pharmaceutical, medical devices and consumer packaged goods manufacturer that serves with its products to over 175 countries worldwide.
Today one of the largest health care companies in the world is Johnson & Johnson. They now have over 128,000 employees and more than 250 operational subsidiaries located in 60 countries around the world. Johnson & Johnson has more than $132.6 billion in total assets. Johnson & Johnson’s headquarters, however, is still located in New Brunswick, New Jersey. Johnson & Johnson research, develop, manufacture, as well as sell health care products all over the world. (Johnson & Johnson)