BUS508 – Contemporary Business
Abstract
Johnson & Johnson is a company of enduring strength. They’ve been privileged to play a role in helping millions of people the world over be well and stay well through more than a century of change. The human health industry is constantly growing and Johnson and Johnson has strived to grow with it. Most importantly, they’ve helped shape and define what health and well-being means in everyday lives. Their products, services, ideas and giving now touch the lives of at least one billion people every day. People and values are Johnson & Johnson’s greatest assets. Johnson and Johnson realize that every invention, every product, and every breakthrough they’ve brought to human health and well-being has been powered by their consumers.
Describe a major global corporation
Johnson and Johnson was created in 1885 as a line of ready-to-use surgical dressings by Robert Wood Johnson and joined with brothers James Wood Johnson and Edward Mead Johnson. The company produced its first products in 1886 and incorporated in 1887. Robert Wood Johnson served as the first president of the company. He worked to improve sanitation practices in the nineteenth century, and lent his name to a hospital in New Brunswick, New Jersey. After Robert Wood Johnson’s death in 1910, he was succeeded in the presidency by his brother James Wood Johnson until 1932, and then by his son, Robert Wood Johnson II (jnj.com 2012).
According to CNN Money in 2011 Johnson and Johnson ranked number 17 out of 50 of the World’s Most Admire Companies and number two in pharmaceuticals. Johnson and Johnson is in the drug and biotechnology industry that sales about $61.90 billion, profits about $12.27 billion, assets of $94.68 billion and a market value of about $174.90 billion annually. (cnnmoney, 2011)
Johnson and
References: Environment New Service, December 8, 2004. Retrieved May 4, 2012 Johnson and Johnson. http://www.jnj.com. Retrieved May 5, 2012 Santoli, M. (2008). The Market 's Finest. Barron 's Magazine, September 2008 The Global Companies 2000 (April 21, 2010). Forbes.com. Retrieved May 5, 2012 The Wall Street Journal. "Red Cross Is Sued by J&J Over Signature Emblem". August 9, 2007