Johnson and Johnson Corporate Responsibility Within the rubric of the modern business organization, decision-making is fundamental to survival, particularly now with globalism and the reduction of boundaries between countries. Decisions become more complex since one now deals with a variety of cultures, morals, and ethical viewpoints. This requires innovation and improvement on a regular basis, and also the ability to understand that moral and ethical decisions, in a dynamic and uncertain environment, now concern a long list of stakeholders -- customers, stockholders, employees, managers, the community, and governments. The outcome of many of these ethical decisions will be used as the benchmark to gauge the success of failure of the management team as well as the company as a whole (Carroll, 2000; Drucker, 2001). Because ethics and morality are so closely linked under the rubric of International business, most countries believe that they are part of the social "requirement" of both national and international business. The standard view holds that the sole responsibility of management is to generate the greatest possible financial return for shareholders. This view focuses on fiscal responsibilities and expertise and argues that manager are neither equipped nor assigned to managing a global project morally -- social goals are outside the purview of the business model and clearly outside their own person responsibilities to their stakeholders. Additionally, focusing too farm on moral issues and too little on profit (Cruver, 1999; Savage, 2005). Changes in the media, changes in social attitudes, and above all, changes in the perceived use of utilitarian ethnics have caused many multinational companies to revise their views on their responsibility to the planet as well as stakeholders. While it remains difficult to look at situations that occur, especially those during a crisis, in a logical framework,...
Johnson and Johnson Annual Report Review Financial Report Review Company: Johnson and Johnson Consolidated Balance Sheets Total Assets: $121,347,000,000 Total Liabilities: $56,521,000,000 Total Shareholder's Equity: $64,826,000,000 Company's Retained Earnings: 85,992,000,000 Shares of common stock the company has been authorized to issue: 4,320,000,000 shares Shares the company has issued: 3,119,843,000 shares Cash (cash and cash equivalents): $14,911,000,000 Decrease in cash and cash equivalents during 2012: $9,631,000,000 F: Increase in cash and cash equivalents during 2011: $5,187,000 Consolidated Statement of Earnings Essentially, the term "consolidated" as used
Johnson Bank v. George Korbaken Company Johnson Bank v. George Korbakes Company Over the last several years, the role of the auditor has been continually evolving. This is because financial institutions are relying on the information they are provided with to help them make better choices in the long-term. However, there are times when these firms may not have accurate figures and erroneously report their findings. When this happens, there is a
Johnson and Johnson Johnson & Johnson (J&J) Johnson & Johnson (J&J) is the eighth largest pharmaceutical company, sixth largest consumer health care company and the largest seller of medical devices across the globe. It has provided a period of care to its consumers for more than 120 years (1886-2012) and therefore it is a brand that is very famous and well recognized by people in all parts of the world. Johnson &
By addressing this issue that concerns all customer segments, our company might even expand its line of products by developing products that address these customer segments. In conclusion I must make it very clear that it is imperative that our company, as well as other companies activating on the Chinese market, no matter what their area of activity is, are obliged to improve consumer confidence. One of the best and the most durable ways of
Additionally, it has been observed that whenever companies implement strategies of CSR, they do this not out of individual choice and desire, but as a result of imposed legislations. "All of these decisions are made under the mandatory legal rules embodied in employment and labor law, workplace safety law, environmental law, consumer protection law, and pension law. Such rules, because they often apply to all businesses, are not susceptible to
" (McKinsey & Company and CECP, 2008, p.3) Fine, Kirkpatrick, Parker, and Watson (2008) in the work entitled: "Social Media: Philanthropy in a Connected World" states that today's companies can no longer "ignore the influence of social media and the opportunity to "deepen engagement with employees and customers alike through philanthropy efforts capitalizing on new media channels." (p.5) Fine, Kirkpatrick, Parker, and Watson (2008) additionally state that some companies have "already
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