jonson project
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Punjab Technical University
JONSON AND JONSON COMPANY
By
Sarabjeet Kaur
&
Gagandeep kaur
Under Guidance
Of
Miss.RUCHI
Submitted to the Punjab Technical University
In the partial fulfillment of the requirements
For the degree of
Masters of business Administrative(MBA)
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ACKNOWLEDGEMENT
We feel proud privilege to extend our sincere thanks to all our well wishers whohave affected our project work and us undoubtedly. We take credit for errors.
We also take blame for the style which may at times appear to be reflection of
our raw, undigested aimless empiricism.
Our foremost thanks to our Centre Head Mr. Bhupinderjeet Singh Bambah and
Miss Ruchi (Project Incharge) and all other teachers of computer department
who paved the way for us at every step in the progress of our project. We would
also like to very sincerely thank our parents who supported us at every step.
Without their guidance and support, this project would not have seen the light of
the day .It is the place where we installed our first software and these people
provided us that opportunity to remove the drawbacks of their existing system by
software, which is very convenient for the examiners and students.
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INTODUCTION
Inspired by a speech by antiseptic advocate Joseph Lister, Robert
Wood Johnson, joined brothers James Wood Johnson and
Edward Mead Johnson to create a line of ready-to-use surgicaldressings in 1885. 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
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nineteenth century, and lent his name to a hospital in New
Brunswick, New Jersey. Upon his 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.Robert Wood Johnson's granddaughter, Mary Lea Johnson
Richards, was the first baby to appear on a Johnson & Johnson
baby powder label.[9][10][11] His great-grandson, Jamie Johnson,
made a documentary called Born Rich about the experience of
growing up as the heir to one of the world's greatest fortunes.
Corprate chairmanship
Robert Wood Johnson I 18871910
James Wood Johnson 19101932
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Robert Wood Johnson II 19321963
Philip B. Hofmann 19631973
Richard B. Sellars 19731976
James E. Burke 19761989
Ralph S. Larsen 19892002
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William C. Weldon 20022012
Alex Gorsky 2012Present
Company
Caring for the world, one person at a time... inspires andunites the people of Johnson & Johnson. We embrace
research and science - bringing innovative ideas, products
and services to advance the health and well-being of
people. Employees of the Johnson & Johnson Family of
Companies work with partners in health care to touch the
lives of over a billion people every day, throughout the
world
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Family of Companies comprises:
The worlds sixth-largest consumer health company
The worlds largest and most diverse medical devices and
diagnostics company
The worlds fifth-largest biologics company
And the worlds eighth-largest pharmaceuticals company
We have more than 250 operating companies in 60 countriesemploying approximately 129,000 people. Our worldwide
headquarters is in New Brunswick, New Jersey, USA.
Conduct ing bus iness respon s ib ly
Conduc t ing bus iness respon s ib ly :Our Credo inspires us
to do great things. We strive to deliver high-quality products
andservices to meet our customers needs, and to do it accurately
and promptly. We say we must treat each other with respect and
be open to each others ideas. We promise to be good citizens of
the world, protecting natural resources. We commit to
experimenting with new ideas, and by extension, to learning from
failure. By staying focused on these ideals, we will live up to our
own expectations and those of our customers. Were listening to
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our customers and other stakeholders to helpus to continue to be
a trusted partner in health and well-being.
For example, we held stakeholder dialogues on executivecompensation and then redesigned our long-term incentive
program for named executive officers with the aim of drawing
more visible link between pay and performance. We became the
first health care company to join the prestigious Billion Dollar
Roundtable upon achieving global spending of at least $1 billion
with diverse suppliers and increased our spend with diverse
suppliers to $1.3 billion in 2011.
Challenges
Tightening integration of our quality systems across theenterprise. In 2011, McNeil Consumer Healthcare signed aconsent decree with the U.S. Food and Drug Administration,which governs certain manufacturing operations. We incurredcosts for the recall of DePuy Orthopaedics, Inc.s ASR XL
Acetabular System and ASR Hip Resurfacing System.
Reinforcing our culture of compliance.
Stemming from subsidiaries outside the U.S. that were believedto have made improper payments in connection with the sale ofmedical devices, we entered into a three-year DeferredProsecution
Agreement with the U.S. Department of Justice and related
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agreements with the U.S. Securities & Exchange Commissionand the U.K. Serious Fraud Office.
Reducing complexity and redundancies throughout our
global supply chain
so our companies can consistentlyproduce high-quality products, maintain reliable supply andincrease customer satisfaction. Manufacturing problems at asupplier created a shortage of Janssen Products, LPs cancerdrug DOXIL (doxorubicin HCl liposome injection) in 2011.
Managing pricing pressures.Our Medical Devices and Diagnostics segment is facing morepressure on product prices because hospital customers arelooking for cost relief. The global economy has also affected salesof medical devices, with people postponing non-acute care.
Reversing a 7 percent increase in crashes among ourfleet of vehicles.
While well below our baseline year of 1995,our crashes per million miles driven increased in 2011 to 5.94from 5.53 in 2010.Continuing to reduce our water consumption.
While we achieved a 1.2 percent absolute reduction in water in2011, more than 15 years of implementing water-saving projectsand the low cost of water make further water reduction projectsless financially feasible.
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Introduction About Product
Every day, millions of people around the world enjoy the benefits
of products from the Johnson & Johnson Family of Companies.Very likely, someone in your family is one of them.
Your familys health and well-being is our passion. Thats why ourcompanies offer the worlds broadest range of health careproducts. Whether you have a skin blemish or sniffles or a seriousmedical condition, you and the health professionals you trust canturn to our companies products for comfort and care.
In your home, products from our consumer health companiesbrighten your smile, add luster to your hair and ease that naggingheadache. You can rely on us to help keep baby fresh, sooth anirritating itch, or relieve an aching muscle.
In operating rooms and laboratories, doctors and nurses, too, relyon products from our medical technology companies. They usethese products to perform hip replacements, implant coronarystents, and run tests for metastatic breast cancer that give peoplehope for a longer, more active life. These products help them helppeople conquer life-threatening obesity, ward off colon cancer,and control their diabetes. The list goes on.
And products from our pharmaceutical companies have likelyhelped someone you know. These prescription medicines treat awide array of conditions, ranging from migraines and rheumatoid
arthritis to cancer and serious infections.
Whatever your familys health care needs, theJohnson & Johnson Family of Companies is at your side.
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Recent ProductsWhether it's analgesics or baby care, endoscopic surgery orinterventional cardiology, oral care or wound care, the Johnson &
Johnson Family of Companies make products that help peoplelive healthier lives.
Below is a select list of some of our products introduced in thepast 12 to 18 months.
Consumer Product
Our Consumer segment includes a broad range of products usedin the baby care, skin care, oral care, wound care and womenshealth care fields, as well as nutritional and over-the-counterpharmaceutical products, and wellness and prevention platforms.These products are marketed to the general public and sold toretail outlets and distributors throughout the world. TheConsumer business relies on a research strategy equally rootedin technology and consumer insights, in keeping with our vision:BRINGING SCIENCE TO THE ART OF HEALTHY LIVINGTM
Keeping Our Safety & Care Commitment is the most importantthing we can do to continue earning your trust. Its why ourassurance process is so rigorous. And its why were alwayslistening to you so that we can improve our products and youcan have complete peace of mind whenever you bring them intoyour home. To learn more, please go toour safety and careCommitment website to learn more.
Medical Devices And Diagnostics
Our Medical Devices and Diagnostics business segmentproduces a broad range of innovative products used primarily by
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health care professionals in the fields of orthopaedics,neurovascular surgery, vision care, diabetes care, infectionprevention, diagnostics, cardiovascular disease, sports medicine,and aesthetics
Prescription Product
The Pharmaceutical segment of Johnson & Johnsoninvested $5.1 billion in 2011 on research & development. ThePharmaceutical segments broad portfolio focuses on unmetmedical needs across several therapeutic areas:
cardiovascular & metabolism, immunology, infectiousdiseases & vaccines, neuroscience & pain, and oncology.These products are distributed directly to retailers,wholesalers and health care professionals for prescriptionuse.
Management Approach
Johnson & Johnson is a company of enduring strength. We'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. As the science of human health and well-being has
grown, we've been able to grow along with it. Even more
important, we've helped shape and define what health and well-
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being means in every day lives. Our products, services, ideas and
giving now touch the lives of at least one billion people everyday.
We credit our strength and endurance to a consistent approach to
managing our business, and to the character of our people. We
are guided in everything we do by Our Credo, a management
document authored more than 60 years ago by Robert Wood
Johnson, former chairman from 1932 to 1963, and by four
strategic principles.
Foundation
The Strategic Framework starts with Our Credo, the guide to help
us navigate our way through challenges and opportunities. From
Our Credo, Our Aspiration emerges by caring, one person at a
time, we help billions of people around the world live longer,healthier and happier lives.
Strategic Principles
We build from this foundation a unique set of strategic principles.
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We are broadly based in health care. Our focus is on managing
for the long term. We operate under a decentralized management
approach. And we do all this through a unique culture that values
and fosters the development of our people.
Growth Drivers
Our growth drivers are the specific areas of focus that help ensure
our robust growth for the future. In today's highly competitive
global marketplace, it is also essential that we focus on the critical
drivers of our future growth: to create value through innovation, to
extend our global reach, with local focus, to execute with
excellence in everything we do. We pursue our growth drivers
guided by the Leadership Imperatives: Connect, Shape, Lead and
Deliver.
Credo Values
The values that guide our decision making are spelled out in OurCredo. Put simply, Our Credo challenges us to put the needs andwell-being of the people we serve first.
Robert Wood Johnson, former chairman from 1932 to 1963 and amember of the Companys founding family, crafted Our Credohimself in 1943, just before Johnson & Johnson became apublicly traded company. This was long before anyone ever heardthe term corporate social responsibility. Our Credo is more than
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ust a moral compass. We believe its a recipe forbusinesssuccess. The fact that Johnson & Johnson is one of only ahandful of companies that have flourished through more than acentury of change is proof of that.
Additional information illustrating Our Credo Values can be foundat:
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Awards and Recognition
Were proud to be recognized by important organizations and
publications for the many ways we have embraced diversity as a
part of the cultures of our Family of Companies. As a
manufacturer of health care products, as well as a provider of
related services, every division of Johnson & Johnson works
towards making their positive contribution to the relevant
industries. Recognition and awards have poured in
acknowledgement of this fact, both from within the company, and
externally.
This recognition includes:
2011
Johnson & Johnson Limited was ranked among the Top 50best employers in India and # 2 among MNCs in the
healthcare sector in the Survey conducted by the Great
Places to Work Institute.
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Johnson & Johnson Medical Indias DePuy Reach team won
the Never Stop Moving award instrumental in touching lives
of thousands of patients and in providing them with better
standards of care.
Johnson & Johnson Consumer India won the Media Abbys
Gold for Youth Marketing for the Clean & ClearTM Fresh
Face campaign.
Johnson & Johnson Consumer India won the
Internationalists Award for innovation in Media forLories forits Johnsons Baby.
Johnson & Johnson Consumer India won the Bangalore Ad
Club Gold for the Stayfree Stories of Change campaign.
Johnson & Johnson Consumer India won the Bangalore Ad
Club Silver in the OTC / Health Care section for the
Nicorette Launch.
Johnson & Johnson Consumer's India Neutrogena enters
Guinness World Record for the Largest Umbrella Mosaic
with more
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Micro and Macro Project of Johnson & Johnson
Micro Project
Designed to reach into the interiors of the country and are initiatedby the Johnson & Johnson Location Committees. These projectscall for a high degree of employee involvement and participation
and help to spreadOur Credo values organization-wide.
Micro Projects span the following four pillars:
Saving & Improving Lives of Underprivileged Women andChildren
Building Healthcare Capacity Preventing Diseases, Reducing Stigma and Disability Community Responsibility
The keen interest and involvement of Johnson in a spectrum of
Micro Projects has contributed towards a large number of
underprivileged children gaining access to quality education and
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Patient Assistant Course Introduced at Backward Class Girls
Hostel, Solapur
With the help of Johnson & Johnsons India Contributions
program, the Backward Class Girls Hostel, a Solapur-based NGO
has introduced the Rugnasahayak (Patient Assistant)
paramedical course of the Yashwantrao Chavan MaharashtraOpen University.
This course will equip the underprivileged girls residing in the
hostel with the basic knowledge necessary to provide health and
medical care in hospitals, nursing homes, old age homes etc.
They will also be able to assist those in remote and rural areas
with no access to medical care. Moreover, the underprivileged
and unemployed girls enrolled in this course will have a means of
livelihood and, therefore, economic freedom.
The program has directly benefited 30 girls enrolled in the course.
It will also benefit hospitals and nursing homes employing these
girls, as well as the many patients who avail of their services
Charudatta Aradhye of Johnson & Johnsons Mahim office has
championed this project with unerring commitment and hasensured its success.
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Savitribai Phule Patient Assistants Course
Johnson & Johnson has funded 50 underprivileged students
enrolled in the Savitribai Phule Patient Assistant Course in
partnership with Dr. Hedgewar Hospital. This course trainsunderprivileged girls as nurses, midwives, healthcare assistants
etc, and encourages them to lead independent lives. It also
enables underserved rural communities to access healthcare
more easily. Johnson & Johnson arranged for an exposure visit
for these girls to the companys Mumbai Branch in Mahim, where
they were taken around the EISE training facility to observe
cutting edge surgical equipment.
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Adop t-a-Schoo l Prog ram
Under the Adopt-a-School program, any Johnson & Johnson
employee can identify a worthy school for the underprivileged and
underserved in his/her vicinity. The program benefits
underprivileged children by giving them access to education andgarners employee participation in CSR activities. Under this
program, funding is provided for basic facilities (class-room
furniture, safe drinking water, hygienic toilet facilities, laboratory &
library facilities etc.) that many of these schools lack .
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Macro Projects
Macro Projects
Projects which have a wider geographical impact, at the
State/National level. These projects have a long-term impact and
are supported for 3-5 years.
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Nanh i Kal i
Johnson & Johnsons philanthropy has always focused on making a life-
changing, long-term impact on human society. One such project is the
Nanhi Kali Project, which uses education as the primary tool for
empowerment, to break the ongoing cycle of ignorance, socio-economic
discrimination and vulnerability of girls and women, leading to abuse and
exploitation.
The Nanhi Kali project aims to empower young girls with 10 years of quality
formal education, towards helping them make appropriate choices
regarding their health, family, life and future. Johnson & Johnsons funding
will help educate over 1000 girl children from Madhya Pradesh and AndhraPradesh. Johnson & Johnson has also been able to raise funds for t
Mumbai Marathon, as well as through the Employee Giving
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Humana People to People Ind ia
Aarohi is a non-profit, organization promoting integrated rural
development in the Central Himalayan region of Uttarakhand.
Aarohis coverage spans 100 villages and has benefited
approximately 37,000 people to date.
Issues of poverty have been addressed through activities related
to forest management, health care, livelihoods, drinking water and
sanitation and womens development and education.
Johnson & Johnson has funded the improvement of infrastructure
in Aarohis primary school, its activities in the field of health andenvironment education, providing cultural and sports inputs to
over 1500 children from 18 neighbouring villages
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Communi ty Aid & Sponsorsh ip Programm (CASP)
CASP is a national organization committed to the sustainable
development of children, families and communities in backward
districts, including urban slums. Currently CASP sponsors 12,208
children across India. In addition, community development
programmes are undertaken relating to AIDS, sexual health,
housing, adult education, family planning, a foster care scheme
and more. A helping hand is also extended to families affected by
natural disasters, as well as to children of people serving life
imprisonment in Tihar Jail, Delhi. Johnson & Johnson sponsors
500 children in Tamhini, Maharashtra, which is under the aegis of
the CASP Pune Unit.
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Giving To
Johnson & Johnson and its many operating companies support
community-based programs that improve health and well-being.
Our community partners show us where our giving can help the
most. We listen to them and we learn from them so that the
programs we support make a meaningful difference in peoples
lives.
Together with our partners, we are helping mothers and infants
survive childbirth. We are supporting doctors, nurses and local
leaders as they work to provide the best medical care to their
people. And we are educating communities on how to reduce
their risk of infection from preventable diseases.
The desire to make people healthier and safer is at the heart of
our Companys giving.
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More about giving:
Saving & Improving Lives
We support programs for women and children who struggle to
survive in places with limited health care, education or social
support.
Building Health Care Capacity
We partner with respected groups to build the skills of people who
serve community health needs, primarily through education.
Preventing Diseases
We work with communities to prevent chronic disease like
HIV/AIDS and diabetes, and help people cope with the stigmas of
disease and mental illness.
http://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/saving-liveshttp://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/healthcare-leadershiphttp://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/preventing-diseasehttp://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/preventing-diseasehttp://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/preventing-diseasehttp://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/healthcare-leadershiphttp://www.jnj.com/wps/wcm/connect/JnJ.Com%20Development/development/caring/corporate-giving/saving-lives -
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Educational Programs and Material Support
Every day, scientists and doctors discover new information about
health and disease and how various products are best used on
behalf of patients. Medical specialty societies, academic
institutions and other groups that provide medical education often
look to pharmaceutical and medical device companies to support
their education programs.We believe this is an important way to
advance medicine and health care, and our companies are
expected to follow a set process when making educational grants.
The guiding principles
we use to evaluate whether to support such programs are based
on recognized standards:
Educational grants may be given to bona fide educationalactivities for health care professionals or patients, and
may include funding for accredited continuing education,
fellowships, and patient education.
Educational grants are given to institutions, not toindividual health care professionals.
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Grants cannot be used to induce customers to purchaseor use our products or services, to promote off-label uses
of products, or as a substitute for discounts.
Grants cannot be used to induce customers to purchaseor use our products or services, to promote off-label uses
of products, or as a substitute for discounts.
Requests are evaluated and amounts determined by acommittee independent of the sales and marketing
groups.
Grants are made to educational programs that arescientifically justified, and that are not intended to be
promotional.
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Dedication to QualityTraining programs at Johnson & Johnson companies give
employees the necessary tools to create and manage quality
systems that ensure our products perform the way they are
supposed to and meet all regulatory requirements
Many of our businesses and facilities have been certified to meet
International Organization for Standardization (ISO) requirements
for quality management. ISO certification means that aquality
management system has been thoroughly reviewed by an outside
audit committee and found to satisfy rigorous standards when it
comes to such important principles as customer focus, leadership,
employee involvement, and continual improvement. All Johnson &
Johnson operating company facilities that make medicines or
medical devices meet current Good Manufacturing Practices
(cGMP) outlined by the FDA or one or more other national
regulatory agencies. Our companies work closely with health
authorities, various standard-setting bodies, and professional
organizations worldwide to be sure our quality systems are up-to-
date and continually improving.
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Role of Incentives and Rewards inRemaining Healthy
Most people do the things they are rewarded for and dont do the
things that cause them problems. Thats true in health as well as
most other aspects of life. Incentives play an important role in
promoting good health, and in encouraging specific behaviors,
decisions, or actions that will help people live healthy lives. There
can also be disincentives in the health care system, which act to
discourage healthy behaviors. The types of incentives, or
disincentives, can vary widely, and usually depend on whom they
target.
Cost-Sharing
Cost sharing, or requiring a person to pay a portion of his health
care services, is commonly used to discourage patients from
seeking unnecessary medical care. Cost sharing often takes the
form of a co-payment or co-pay, which is usually only a small
fraction of the actual cost of the medical service. The remainder of
the cost is covered by the persons insurance company or by the
government payer. Some research suggests that, at times, co-
pays may serve to discourage some people from
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using certain types of care. A RAND study found that people with
chronic diseases who were receiving routine care cut their use of
needed prescription medicines when they had co-pays.On the
other hand, financial incentives such as no co-pays for high-risk
patients may help to improve how well patients follow their
prescribed treatment.
Taking Action
At Johnson & Johnson, we advocate for policies that appropriately
use incentives to improve care, and we work to alleviate
disincentives for patients who cannot afford to pay for their
prescription medications. Weve also developed our own health
incentives for employees. This includes a comprehensive Healthy
People program based on the U.S. governments Healthy People
2010 initiative. Through this program, we provide incentives to our
employees and their families that encourage them to adopt
preventative lifestyles and make healthy choices.
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The Promise of Health CareBelief
At Johnson & Johnson, we believe that effective, compassionate
health care systems are critical to achieving better health for
people around the world. Such systems are centered on the
needs of individuals, offer access to health care coverage for all,
and provide people with information, encouragement, incentives
and support to remain healthy, to obtain early diagnoses and to
receive quality care and treatment when it is needed. We believe
that people everywhere are served best when health care
systems:
Focus attention on prevention and public health measures in
addition to acute and chronic care
Address the need for access to care across all economic
and social circumstances;
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Allow patients and their health care practitioners to choose
the best course of treatment;
Support health choices with scientifically sound clinical and
economic evidence;
Protect the privacy of everyones personal medical records;
Provide for both public and private health care funding
solutions;
Provide incentives for medical progress;
Promote market-based competition;
Are characterized by strong and well-respected regulatory
authorities;
Promote transparent and ethical interactions among
stakeholders;
Are adequately funded to support the health care needs ofindividuals;
Allow individuals, health care professionals, caregivers and
payers to have access to up-to-date health information to
help guide decisions;
Operate efficiently, providing affordable, quality, timely and
continuous care, and maximum, equitable access.
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Role
We believe that, as a member of the global health care
community, Johnson & Johnson has a responsibility to advance
good health care through our actions as well as to work with
others to help shape effective health care systems around the
world that will serve the needs of people. We recognize that all
members of the health care community must collaborate to
achieve this goal. Using the vantage point of our broad base in
health care, we will Work to address unmet medical needs
through science and innovation, using our talents and
commitment to improve health care;
Support efforts to enhance access to health care and health
care products;
Provide appropriate clinical and economic information about
our products and treatments, as well as broad health,
disease and prevention information, to individuals, health
care practitioners, caregivers and payers in ways that
facilitate health care decision-making;
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Culture of Johnson & Johnson
We are one of the worlds most respected employers. We know
that people are our greatest asset. Every product, every invention,every breakthrough that we have introduced has been powered
by our people.
In Canada, as in all of the Johnson & Johnson Family of
Companies around the world, we believe that success only
matters when employees are valued, respected and treated fairly.
As such, we foster and reward:
Values-based leadership.
Our Credo outlines the values that provide the foundation of
how we act as a corporation and as individual employees sothat we continue to put the needs of the people we serve first.
Diversity.
Its our individual differences that make us stronger as a whole.We recognize the strength and value that comes when
collaborative relationships are built between people of different
ages, race, gender, religion, nationality, sexual orientation,
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physical ability, thinking style, personal backgrounds and all
other attributes that make each person unique.
Innovation.
True innovation can only be fostered within a supportive
environment that values calculated risk in order to achieve the
maximum reward. At Johnson & Johnson Inc., we encourage
and reward innovative thinking, innovative solutions and an
innovative approach in all that we do.
Passion.
The deep desire to enrich peoples lives by delivering quality
products and remarkable experiences that make their lives
easier, healthier and more joyful.
Collaboration.
The unwavering belief that great results depend on the ability to
create trusting relationships.
Courage.
The fearless pursuit of the unproven, unknown possibility the
willingness to take great risks for the benefit of the greater
good.
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Caring for community
"We are responsible to the communities in which we live and work
and to the world community as well. We must be good citizens
support good works and charities and bear our fair share of taxes.
We must encourage civic improvements and better health and
education. We must maintain in good order the property we are
privileged to use, protecting the environment and natural
resources." Our Credo
caring touches the lives of millions.
We estimate that our Johnson & Johnson Family of Companies
touches the lives of more than one billion people each and every
day through our products and services, corporate giving and the
financial and volunteer commitments made by our caring
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employees. Its no wonder we are known as a trusting and caring
company around the world.
Community Giving
Through our innovative programs, sponsorships and product
donations, we focus on making a difference in the communities
in which we live and work.
Safe Kids Canada
As the North American Founding Sponsor of Safe Kids, we are
committed to helping keep Canadian children safe.
Environmental Commitment
Since our companys beginning, weve placed a high priority on
keeping our earth healthy.
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Career Development at Johnson & Johnson Inc.
For Johnson & Johnson Inc. employees there are a broad range
of career development opportunities within our organization orwith other members of the Johnson & Johnson Family of
Companies in Canada or around the world. To support the most
effective career development process for our employees, we
provide coaching, mentoring, comprehensive feedback, career
development planning and a highly personalized dialogue
between you and your manager.
Performance Developm ent Plann ing Process (PDP)
We see talent management as more than an annual performance.
Our Performance Development Planning Process ( PDP) involves
a high degree of participation from both the individual employeeand their managers to ensure that each employee meets their
fullest potential.
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Our Performance Development Planning Process is a dynamic
and continuous one that helps ensure the successful career
development of our employees as much as it does our business
objectives:
Throughout the year
Employees and managers work together to define and update
employee and departmental goals.
At mid-year
Employees and managers engage in discussions to assess
performance-relative career goals and objectives and to
determine if changes are required or if additional support is
needed.
At the end of the year
A formal written performance evaluation takes place where
new or adjusted career goals and career development
opportunities are identified for the following year, and a
personal career development plan is discussed and
documented.
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Johnson & Johnson Beats Analyst Estimates
on EPS
Johnson & Johnson
(NYS:JNJ) reported earnings on Jan. 22. Here are the numbers
you need to know.
The 10-second takeaway
For the quarter ended Dec. 30 (Q4), Johnson & Johnson met
expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew and GAAP
earnings per share grew significantly.
Gross margins contracted, operating margins were steady, net
margins grew.
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Revenue details
Johnson & Johnson notched revenue of $17.56 billion. The 17
analysts polled by S&P Capital IQ foresaw a top line of $17.67
billion on the same basis. GAAP reported sales were 8.0% higher
than the prior-year quarter's $16.26 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in
millions. Non-GAAP figures may vary to maintain comparability
with estimates.
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EPS details
EPS came in at $1.19. The 21 earnings estimates compiled by
S&P Capital IQ predicted $1.16 per share. GAAP EPS of $0.91
for Q4 were much higher than the prior-year quarter's $0.08 per
share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintaincomparability with estimates.
Margin details
For the quarter, gross margin was 65.8%, 140 basis points worse than the prior-year
quarter. Operating margin was 20.3%, about the same as the prior-year quarter. Net
margin was 14.6%, 1,330 basis points better than the prior-year quarter.
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Looking ahead
Next quarter's average estimate for revenue is $17.63 billion. On the bottom line, the
average EPS estimate is $1.40.
Next year's average estimate for revenue is $72.20 billion. The average EPS estimate is$5.50.
Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 13,550 members
out of 14,043 rating the stock outperform, and 493 members rating it underperform.
Among 3,288 CAPS All-Star picks (recommendations by the highest-ranked CAPS
members), 3,220 give Johnson & Johnson a green thumbs-up, and 68 give it a red
thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on
Johnson & Johnson is outperform, with an average price target of $75.42.
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