johnson johnson
MAF 635
MANAGEMENT ACCOUNTING & PERFORMANCE EVALUATION
SMA PROJECT: KAIZEN COSTING
PREPARED BY:
FATNIN SYAIDA BINTI RAHIMI AZMAN 2012240862
NUR HANIS BINTI ABU BAKAR 2012407426
NURUL NAJIAH BINTI ABU BAKAR 2012883308
GROUP:
AC 220 8A
Table of Contents
No.
Contents
Pages
1
Acknowledgement
1
2
Introduction
Definition and Principles of Kaizen
2
When Target Costing and Kaizen Costing are Linked
3
3
Kaizen Philosophy
4 - 7
4
Person Involved
8
5
Kaizen Advantages
8
6
Kaizen Disadvantages
9
7
Conclusion
9
8
Application to Industry
10 - 11
9
References
12
SUBMITTED TO:
NIK MUZARENI BT NIK MOHAMED
History of Johnson & Johnson
Johnson & Johnson was first found by three brothers, Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson in New Brunswick, New Jersey, U.S. In 1873, the company was named Seabury & Johnson and led by Robert Wood Johnson. It focussed on medical products business with his partner, George Seabury. Robert then hired his brothers, Edward and James to work with the company. Later on, in 1886, the two younger brothers left Seabury & Johnson and formed new company called Johnson & Johnson which is after their names. The company’s logo is actually based on James’s handwriting which can be seen below his photograph.
Robert then left Seabury & Johnson and joined his brothers. Basically, the new company’s idea of manufacturing sterile surgical dressings was inspired by Robert. The first product of the company was improved medicinal plasters that actually help hospitals to reduce the percentage of death after surgery and Robert Wood Johnson’s dream realised. He was the chairman of Johnson & Johnson and led the company until his death in 1910. James then takes place as the chairman and the company then began to grow successfully. He takes over the leadership until 1932. During their operation of the company they had launch many category of
MANAGEMENT ACCOUNTING & PERFORMANCE EVALUATION
SMA PROJECT: KAIZEN COSTING
PREPARED BY:
FATNIN SYAIDA BINTI RAHIMI AZMAN 2012240862
NUR HANIS BINTI ABU BAKAR 2012407426
NURUL NAJIAH BINTI ABU BAKAR 2012883308
GROUP:
AC 220 8A
Table of Contents
No.
Contents
Pages
1
Acknowledgement
1
2
Introduction
Definition and Principles of Kaizen
2
When Target Costing and Kaizen Costing are Linked
3
3
Kaizen Philosophy
4 - 7
4
Person Involved
8
5
Kaizen Advantages
8
6
Kaizen Disadvantages
9
7
Conclusion
9
8
Application to Industry
10 - 11
9
References
12
SUBMITTED TO:
NIK MUZARENI BT NIK MOHAMED
History of Johnson & Johnson
Johnson & Johnson was first found by three brothers, Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson in New Brunswick, New Jersey, U.S. In 1873, the company was named Seabury & Johnson and led by Robert Wood Johnson. It focussed on medical products business with his partner, George Seabury. Robert then hired his brothers, Edward and James to work with the company. Later on, in 1886, the two younger brothers left Seabury & Johnson and formed new company called Johnson & Johnson which is after their names. The company’s logo is actually based on James’s handwriting which can be seen below his photograph.
Robert then left Seabury & Johnson and joined his brothers. Basically, the new company’s idea of manufacturing sterile surgical dressings was inspired by Robert. The first product of the company was improved medicinal plasters that actually help hospitals to reduce the percentage of death after surgery and Robert Wood Johnson’s dream realised. He was the chairman of Johnson & Johnson and led the company until his death in 1910. James then takes place as the chairman and the company then began to grow successfully. He takes over the leadership until 1932. During their operation of the company they had launch many category of