An Analysis of Johnson & Johnson

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Johnson & Johnson researches, develops, manufactures, and sells products in health care. The company was founded by three brothers, Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson, in New Brunswick, New Jersey, in 1886 (J&J website). Alex Gorsky is currently the chairman and chief executive officer of the company. Johnson & Johnson is known for providing a competitive pricing strategy. In the United States, Johnson and Johnson strives to keep their net price increases for health care products within the Consumer Price Index. The company supports more than 600 programs that address major health-related issues in local communities in more than 50 countries, making it the world’s largest corporate donors (J&J website). “The company introduced the first commercial first aid kits in 1888, and manufactured first mass produced sanitary protection products for women in 1896-1897” (MarketLine). In 1921, Johnson & Johnson invented Band-Aid adhesive bandages. In 1944, the company went public and its shares were listed on the New York Stock Exchange (MarketLine). Johnson & Johnson continued to grow by acquiring a number of biopharmaceutical and medical devices companies between 2001 and 2007. “In 2010, the FDA sent a warning letter to McNeil Consumer Healthcare, a J&J company, regarding significant violations of the current good manufacturing practice regulations at its manufacturing facility in Puerto Rico. Later in 2010, McNeil suspended operations at the Fort Washington plant in connection with the recall of infants' and children's liquid OTC products manufactured there” (MarketLine).In the US, Caribbean, and Brazil, McNeil initiated voluntary recalls at wholesale level of Tylenol, and certain lots of Benadryl, Sudafed PE... ... middle of paper ... ... global marketplace, it is also essential that Johnson & Johnson focuses on the critical drivers of their future growth: to create value through innovation, to extend their global reach, with local focus, to execute with excellence in everything it does and to inspire leadership with purpose among the people who carry on the Johnson & Johnson legacy. Works Cited “Johnson & Johnson.” (n.d.): MarketLine Company Profiles Authority. Web. 6. Dec. 2013. "Johnson & Johnson Family of Companies | Johnson & Johnson." Johnson & Johnson Family of Companies | Johnson & Johnson. N.p., n.d. Web. 08 Dec. 2013. . "JNJ Competitors | Johnson & Johnson Common Stock Stock - Yahoo! Finance." JNJ Competitors | Johnson & Johnson Common Stock Stock - Yahoo! Finance. N.p., n.d. Web. 08 Dec. 2013. .

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