Johnson and Johnson Annual eport eview
Financial eport eview
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 etained 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 in this context is largely synonymous with the term "combined." The company's "consolidated income statements" and "consolidated balance sheets" bring together the financial statements of Johnson and its various subsidiaries.
B:
In presenting financial information from both the current as well as the previous financial years, the company makes it easier for the users of the said financial information to compare performance over time. For investors (i.e. both existing and prospective shareholders), this could come in handy in the determination of not…...
mlaReferences
Johnson and Johnson. (2013). Johnson and Johnson Annual Report 2012. Retrieved from http://files.shareholder.com/downloads/JNJ/2686814943x0x644760/85FD0CFF-2305-4A02-8294-2E47D0F31850/JNJ2012annualreport.pdf
Johnson and Johnson
Over the last several years, accounting standards and the budgetary process of multinational corporations has been increasingly brought to the forefront. This is because the recent recession and lingering financial challenges, have illustrated how many firms were often over reporting their earnings. As they are using standards that give them more latitude in determining how revenues and expenses are recorded (.i.e. pro-forma). This is when earnings projections and growth, are based upon future revenues the firm will receive. The problem begins, when economic activity is slow and many of the expected orders are canceled. This is the point that the firm will have to restate their earnings to account for these changes. Once this happens, is when the price of the stock will more than likely go into a free fall based upon these issues. ("Pro Forma")
This is problematic for many multinational corporations, based on the underlying challenges…...
mlaWorks Cited
"Budgets." User Webs, 2010. Web 26 Mar. 2012
"Johnson and Johnson." Yahoo Finance, 2012. Web. 26 Mar. 2012
"Johnson and Johnson Form 10K." JNJ, 2011. Web. 26 Mar. 2012
"Pro Forma." Investopedia, 2012. Web. 26 Mar. 2012
Johnson & Johnson Corporation
Johnson and Johnson has been a very broadly-based organization that has been manufacturing health care products since a very long time. It started its footsteps as a child in the mid 1880s with the production of ready-to-use, ready-made surgical dressing. It was the first company to have applied the theory of wound treatment by use of antiseptics. With its application, the chances of infection in postoperative patients reduced greatly. obert Wood Johnson, the father of Johnson and Johnson took note of the theory of antisepsis which was provided by Sir Joseph Lister. obert Wood Johnson then sat down to practically apply Sir Joseph Lister's theory. In 1885, obert Wood Johnson called in his brothers James Wood Johnson and Edward Mead Johnson and the three entered a partnership. A wallpaper factory was taken over by the Johnson brothers and they set up a small operation with only 14…...
mlaREFERENCES:
(1) Sandy Smith -- Article Title: Johnson & Johnson: 60 Years of Safety Vision. Magazine Title: Occupational Hazards. Volume: 65. Issue: 9. Publication Date: September 2003. Page Number: 76.
(2) Morton Mintz -- Article Title: Drug Fiends: Even Inside Johnson & Johnson, Public Safety Can Take a Back Seat to Profits. Magazine Title: Washington Monthly. Volume: 23. Issue: 12. Publication Date: December 1991. Page Number: 20+.
(3) Anonymous -- Article Title: Contraceptive Patch Is Set to Revolutionize Birth Control. Newspaper Title: Sunday Mercury. Publication Date: July 25, 1999. Page Number: 32.
(4) Richard C. Bayer -- Ethical Reasoning in Business [Online website] Available from: [Accessed on 11/12/2005]http://www.acton.org/publicat/randl/article.php?id=409
Johnson & Johnson Corporate Analysis
The purpose of this paper is to introduce the reader to the Johnson and Johnson Corporation and its financial status. First, this paper will surmise a brief history of the company and its products. Second, this paper will explain Johnson and Johnson's operational conditions. It will explore what the company does and who the direct competition is at this time. The paragraphs below will examine these conditions and expectations of these conditions for the future. Third, this paper will explore current methods to assess the company's financial condition. These methods will include looking at Johnson and Johnson's annual report to conclude different financial indicators. The tools used will be ratio analysis and leverage analysis with a brief explanation of how these tools work. Fourth, there will be an evaluation of Johnson and Johnson. hat have they done to maximize their potential? hat are they planning on…...
mlaWork Cited
Financial Ratio Analysis. 18 Dec. 2004 .
Financial Ratios and Quality Indicators. SBA Online Women's Business Center.
18 Dec. 2004 .
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 & Johnson was started by three brothers which turned out to be consumer's favorite brand due to its thousands of healthcare products including Tylenol, Acuvue contact lenses, Baby Powder and Band-Aids. Johnson & Johnson ranked number 4 in 2009 Fortune Magazine in the list of Most Admired Companies (Fortune Magazine). This is due to its excellent corporate governance and corporate social responsibility (Akerstrom 2).
Company Information
Today Johnson & Johnson has over 260 operating companies that are located in more than 60 different…...
mlaWorks Cited
Akerstrom, Anders. Corporate Governance and Social Responsibility. Johnson & Johnson.
Seminar Paper. 2009: 2
Fortune Magazine. World's most admired companies. March 22, 2010. Retrieved from http://money.cnn.com/magazines/fortune/bestcompanies/2009/index.html
OECD. Development in Steelmaking Capacity of Non-OECD Economies in 2010. OECD
Johnson & Johnson Internet
hen most people think of Johnson & Johnson, they will often associate it with the various pharmaceutical related businesses. This is a dramatic reduction in the size of the company from what it once was a few years ago. The reasons why is from globalization and bureaucracy forcing the company to seek out ways to reduce their underlying costs. To fully understand how this is taking place requires looking at: the use of the Internet for internal operations and the way this could decrease the company's costs. Together, these different elements will highlight how Johnson & Johnson can transform itself to deal with these new realities. (Singer)
Does the company use the Internet for internal use as an interactive part of operations? hat functions are used in this manner?
Johnson & Johnson is using the Internet for mainly promoting themselves to customers. In the case of internal usage, the…...
mlaWorks Cited
"J&J Safety." Campbell Award, 2005. Web. 28 Mar. 2012
Singer, Natasha. "Johnson & Johnson Plans Cuts." NY Times, 2009. Web. 28 Mar. 2012
Does the company use the internet for internal use as an interactive part of operations? What functions are used in this manner?
2. In what way could operational costs decrease if the company's customers interacted with it through the internet?
Johnson & Johnson Marketing
hat types of advertising and promotion are used?
Johnson & Johnson (NASDAQ: JNJ) competes in three core businesses including consumer, medical devices & diagnostics, and pharmaceuticals. Each of these businesses have significantly different market segments, and the customers in them have completely different needs and preferences for how they learn about new products (Henke, Rachel M., et al., 490). The consumer market is heavily influenced by online and eb-based advertising and promotion, and relies on e-mail-based coupons and communication as their purchasing cycle is the shortest of all three JNJ business units (Pressman, 70). The advertising and promotion used in medical devices and diagnostics however is heavily slanted towards expert-based selling including through leadership-based selling events where JNJ product experts meet directly with physicians and other members of the buying process. For the medical & diagnostics segment, advertising and promotion is geared more to expert-selling and having actual…...
mlaWorks Cited
Henke, Rachel M., et al. "Recent Experience in Health Promotion at Johnson & Johnson: Lower Health Spending, Strong Return on Investment." Health affairs 30.3 (2011): 490-9.
ORourke, Morgan. "Tylenols Headache." Risk Management 57.5 (2010): 8-9.
Pressman, Aaron. "How to Play it: Johnson & Johnson." Business week Oct 12, 2009: 70-.
Yacovone, Lizbeth. "Organizational Design for a Supply Chain Transformation: Best Practice at Johnson & Johnson Health Care Systems Inc." Organization Development Journal 25.3 (2007): P103-9. A
J&J Current Status of IndustryJohnson & Johnson is a large multinational corporation that employed over 135,000 people worldwide, with operations in more than 60 countries. In terms of employment, Johnson & Johnson employs both direct and indirect workers. Direct workers are those who are employed by the company itself, while indirect workers are those who are employed by suppliers, contractors, and other third-party organizations that work with Johnson & Johnson.In terms of technology, Johnson & Johnson is known for its pharmaceuticals, medical devices, and consumer health products. The company has invested heavily in research and development, with a focus on developing innovative healthcare solutions. Johnson & Johnson also uses a range of technologies in its operations, including advanced manufacturing and automation technologies, artificial intelligence and machine learning, digital health solutions, and data analytics.Geographically, Johnson & Johnson's workforce is distributed across its various business units and subsidiaries, with significant operations in…...
mlaReferences
Jagielski, D. (2020). Will Legal Problems Bankrupt Johnson & Johnson? Retrieved from https://www.fool.com/investing/2020/07/02/will-legal-problems-bankrupt-johnson-johnson.aspx#:~:text=Lawsuits%20related%20to%20its%20talc-based%20products%20and%20the,up%2C%20they%20could%20end%20up%20bankrupting%20the%20company .
JNJ
The 2011 Annual eport does not explicitly outline Johnson & Johnson's executive compensation agreements.
The company does report in general terms on its options plans. This report is found in page 54 of the 2011 Annual eport, under Section 17. The options details are as follows:
Stock Options
Stock options expire 10 years from the date of grant and vest over service periods that range from six months to four years. All options are granted at the average of the high and low prices of the Company's Common Stock on the New York Stock Exchange on the date of grant. Under the 2005 Long-Term Incentive Plan, the Company may issue up to 260 million shares of common stock. Shares available for future grants under the 2005 Long-Term Incentive Plan were 104.9million at the end of 2011. The Company settles employee stock option exercises with treasury shares. Treasury shares are replenished throughout the year…...
mlaResources; Alex Gorsky is the Vice-Chairman of the Executive Committee; Sherilyn McCoy is another Vice-Chairman of the Executive Committee and Michael Ullmann is the General Counsel.
6. Johnson & Johnson does not publish an organizational chart. The company is organized into three business segments: Consumer, Pharmaceutical and Medical Devices (p.26). There are geographical and product subdivisions within these broad three business units.
JHNSN & JHNSN
The Fundamental Analysis of Johnson & Johnson Inc.
(J& J, 2005)
Economic and Market Analysis
Globalization
Industry Analysis
Company Analysis
Brief History of the Company
Analysis of Capital Asset Pricing Model
Intrinsic Value
Valuation Measures
Trading Information
Competitors
Awards & Recognition
ur modern business world consists of an extremely competitive global economy where manufactures search for opportunities to strategically reduce costs and increase market share and profitability. Historically, the most often chosen solution for holding down costs was to systematically reduce labor and therefore eliminate the associated costs of labor. In the 1990's for example, many companies chose lay-offs, downsizing or to simply slow manufacturing processes and these types of scenarios consistently headed the 'business section' headlines. In reality, these methodologies were merely attempts to reduce overhead. Manufactures today are finding that labor is now at more of a premium level which entails that it can no longer be reduced without indirectly or directly affecting output capacity, quality and efficiency quotas…...
mlaOFCCP
The Department of Labor's Office of Federal contract Compliance Programs (OFCCP) presented Johnson & Johnson with the Opportunity 2000 Award, the highest award granted to an employer, for its initiatives in creating upward mobility for women and establishing Work & Family Programs.
(J& J, 2005)
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 nternational business, most countries believe that they are part of the social "requirement" of both…...
mlaIncrease in Commitment from Employees -- When employees work for an organization that has strong brand value, they take pride in that brand and not only endorse it but tend to do everything possible to commit to the level of excellence expected by the organization. Johnson & Johnson engages its employees to become part of the brand and to believe in it so much that they recommend it, and the highest compliment of all -- use it for their family (Johnson and Phillips, 2003).
Perception + Expectation = Reality -- Any company that has been in business over a century will, at one point or another, make mistakes. When stakeholders share their expectations openly and honestly, though, company follow through tends to equal consumer brand respect. For example, when J&J developed their products for the global diabetes market, they looked at more than laboratory tests. Instead of just using test animals, they looked at indigenous communities worldwide and studied not only how the disease affected individuals, but how they could work with organizations to prevent diabetes as well as offer medical solutions (Fung, 2011).
Everyone is Accountable -- Reinforcing the "tone from the top" concept shows employees at all levels that the company motto (Credo in this case) means more than just words on paper, and is a living document that expresses a pledge of everyone in the workplace. Again with the Tylenol scare, J&J took proactive, positive action by doing the moral action, regardless of the expense and proved how much it cared about employees, stakeholders, consumer safety, and the quality of its products. J&J addressed the nation, worked with local police departments, and offered to exchange all Tylenol capsules for new
Corporate Overview of Johnson and Johnson (J & J)
According to Moreau, "J&J began with brothers James ood and Edward Mead Johnson, who formed a partnership in New Brunswick, N.J., in 1885" (32). A couple of months later, both Edward and James were joined by another sibling of theirs -- Robert ood Johnson. However, it was not until the year 1886 that the company offered for sale some of its first products which included antiseptic dressings (surgical). One year later, the company was incorporated with its first president being Robert ood Johnson. As the Johnson and Johnson Company website notes, Johnson and Johnson was the first to develop commercial first aid kits (n.d). These kits experienced widespread usage though they were initially meant for railroad workers. The company further continued with its resolve to develop new products with the 1894 release of kits for maternity which were meant to enhance the…...
mlaWorks Cited
Johnson and Johnson. "Our Timeline." Johnson and Johnson. N.p., 2012. Web. 6th March 2012.
Moreau, Dan. "The Health Company's Share Price is Hurting." Kiplinger's Personal Finance. October 1994: Vol. 48, No. 10. Print.
Theory and Practice of Business Psychology
Table of Contents
1 Introduction 3
2 Motivators in the Workplace 3
2.1 Herzberg’s Two-Factor Theory of Workplace Motivation 3
2.2 Vroom’s Expectancy Theory 5
2.3 Maslow’s Hierarchy of Needs Theory 7
2.3.1 Primary Motivators in the Workplace 8
2.3.2 Secondary Motivators in the Workplace 10
2.4 Extent of the Impact of Primary Motivators 12
3 References 12
Introduction
Motivation can be delineated as a psychosomatic feature, which urges individuals to achieve both personal and organizational objectives. In the workplace context, it is deemed to be the incentives that trigger and drive the employees to obtain better job performance and make a contribution to more substantial efforts (Asim, 2013). For an organization to compete efficaciously in the international market, it is essential to design jobs, and duties in a way that stress id diminished, and the levels of employee satisfaction and motivation, as well as their performance, can be heightened. Notably, motivation rejuvenates, and invigorates behavior,…...
Johnson & Johnson Pharmaceutical Division: Value Proposition
Quality Metrics
The quality metrics of Johnson and Johnson's Pharmaceutical division indicate the company is moving forward in an innovative direction that is in line with the industry's future-looking direction. As David Norton, chairman of Johnson and Johnson's Global Pharmaceutical division stated, "We're currently a consumer, diagnostic and medical device and a pharmaceutical business" -- and in the future the business will be "about managing schizophrenic patients, ensuring that they have appropriate access to care, to provide them with access to medications, not only ours but in general..." (Smith, 2016, p. 110). In short, in terms of quality, Johnson and Johnson looks to advance the pharmaceutical division towards "something more akin to a disease management program" (Smith, 2016, p. 110). Thus, by a quality metric, Johnson and Johnson is leading the industry towards a new concept of consumer demand and need-meeting, taking the pharmaceutical industry…...
mlaReferences
Annual Report. (2016). Johnson & Johnson. Retrieved from http://files.shareholder.com/downloads/JNJ/1709744668x0x881109/474857DD-8E67-43B1-BB38-0A9712D93545/2015_annual_report_.pdf
Smith, B. (2016). The Future of Pharma: Evolutionary Threats and Opportunities.
NY: Routledge.
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 possibility of these facts leading to incorrect decisions. (Adelopo, 2012) ("Johnson Bank sued George Korabakes," 2006)
The case of Johnson Bank v. George Korbakes Company is examining these factors and the long-term impacts they will have on various stakeholders. To determine if the auditor is responsible for the claims they make requires carefully examining the effects. This will be accomplished by focusing on the case itself, the primary / secondary legal questions, the rule of law, the court's decision / opinion…...
mlaReferences
Johnson Bank sued George Korabakes. (2013). Find Law. Retrieved from:
http://caselaw.findlaw.com/us-7th-circuit/1366200.html
Johnson Bank sued George Korabakes. (2013). Justia. Retrieved from:
http://law.justia.com/cases/federal/appellate-courts/F3/472/439/473413/
To start this essay, we would begin by identifying ways that business could impact the environment. Next, we would want to identify the businesses we wanted to highlight in the essay, focusing on their specific environmental impact. We would want to select at least two businesses with different reputations for their environmental impact. Companies that are known for having good environmental initiatives include Disney, Johnson and Johnson, Nike, eBay, Fisher Investments, Hewlett-Packard, Starbucks, and Ford Motor Company. Companies have a bad reputation in terms of their impact on the environment include AES, PPL, ConAgra Foods, Coca Cola,....
Collaborative learning is an educational approach that involves students working together in groups to achieve a common academic goal. This method has gained popularity in recent years due to its ability to enhance student engagement, critical thinking, and problem-solving skills. One area where collaborative learning has been found to be particularly beneficial is in improving oral communication skills. Numerous studies have shown that collaborative learning can have a significant positive impact on students oral communication abilities. For example, a study conducted by Johnson and Johnson (1994) found that students who participated in collaborative learning activities showed improved verbal communication skills....
Impact of Collaborative Learning on Oral Communication Development
Collaborative learning is a teaching and learning approach that emphasizes interaction and cooperation among learners. It provides opportunities for students to work together in small groups to achieve a common goal, share ideas, and build knowledge. Research has shown that collaborative learning has a positive impact on various aspects of student learning, including oral communication skills.
How Does Collaborative Learning Enhance Oral Communication Skills?
Collaborative learning enhances oral communication skills in several ways:
1. Increases Speaking Time:
In collaborative settings, students have ample opportunities to talk, share their perspectives, and engage in discussions. This increased speaking time....
Enhancing Army Collaboration: A Focus on Adaptability, Problem-solving, and Effective Communication Introduction Collaboration is vital within the Army as it fosters unity, efficiency, and mission accomplishment. Effective collaboration hinges upon three key elements: adaptability, problem-solving, and communication skills. By incorporating these skills, the Army can enhance collaboration, enabling it to overcome challenges and achieve its objectives. Adaptability Adaptability refers to the ability to adjust and respond effectively to changing circumstances. In the Army, situations can evolve rapidly, necessitating the ability to adapt strategies and plans. By fostering adaptability, the Army can ensure seamless collaboration even in the face of unexpected challenges. Literature Review: -....
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