jonson project

7/27/2019 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.
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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.
http://www.dailyfinance.com/quotes/JNJ/usahttp://www.dailyfinance.com/quotes/JNJ/usahttp://www.dailyfinance.com/quotes/JNJ/usahttp://www.dailyfinance.com/quotes/JNJ/usa


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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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need more than Johnson & Johnson. Learn how to maximize your investment income

and "Secure Your Future With 9 Rock-Solid Dividend Stocks."Click here for instant

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