Johnson And Johnson Mission Statement

In the article, “The Social Responsibility of Business Is to Increase Profits,” Friedman states that “businessmen believe that they are defending free enterprise when they proclaim that business is not concerned merely with profit but also with promoting desirable social ends.” This social responsibility is defined as Corporate Social Responsibility (CSR), which is the belief that “corporations owe a greater duty to their communities and stakeholders” by having a “social conscience.” This, among other things, includes being environmentally responsible, contributing to non-profit organizations, and eliminating discrimination.

I have decided to analyze the mission Statement of Dollar General Corporation today. I am one of the suppliers to them and as such, I would say that I have a fair knowledge into their business practices. Mission Statement Serving Others For Customers A Better Life For Shareholders A Superior Return For Employees Respect and Opportunity. About Dollar General Corporation Dollar General Corporation has been delivering value to shoppers for over 75 years. With more than 12,000 stores in 43 states, Dollar General is America’s largest small-box discount retailer by sales. In addition to high quality private brands, Dollar General sells products from America's most-trusted manufacturers such as Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola,

In reviewing their vision statement (to me) it speaks silently of the organizational values. Their unspoken goal behind the vision statement is to Help…. To help people globally “Eat and Live Better”. In my opinion their message is saying we care and we want to make products that help you achieve that.

Corporate Social Responsibility (CSR) is something that affects all companies and should be an active factor in the company’s decision making. It is something all corporations need to care about. CSR is when business’ or corporations take part in an initiative or campaign for a cause that will benefit society and/or in some way make the world a better place (Taylor, 2015). Initially, Corporate Social Responsibility started to take shape around the 1950’s, but some say that it dates all the way back to the 1800s, the idea of CSR was seen (Carroll, 2007). One may think that because it is dated so long ago, it doesn’t have an important impact today nevertheless, it is proven that Corporate Social Responsibility is a pathway for entities to self benefit as they are in the process of benefitting society.

The Johnson & Johnson Family of Companies has committed itself to caring for people for more than 125 years. In addition, the company is engaged in the research and development, manufacture and sale of a broad range of products in the health care field in virtually all countries in the world. This commitment is simply a legacy of their founders and is a very real motivating force among their employees which is embodied in the companies Credo. Johnson & Johnson’s Credo entails several great values and is a guide to their decision- making that I look forward to sharing more with you. Along with the company Credo, Johnson & Johnson’s strategic principles have served the company well for decades. Johnson & Johnson is committed to marketing all of

Company mission and objective: Johnson and Johnson companies are united by a common mission: Caring for the world, one person at a time (Johnson’s baby Facebook).The company objective is managing within the strategic framework with the foundation being the ‘Our Credo’ which is a commitment- a legacy of the founders (J&J Annual Report 2016). It speaks about the company responsibility toward the employees and the shareholders and the people who use the products. Employee responsibility is taken care of by giving them various training programs and professional health programs to achieve their full potential and to avoid work-related risks. Our Credo also says responsibility towards shareholders is fulfilled by giving increased share value (J&J

According to Dess: “the vision evokes powerful and compelling mental images of a shared future” (23). The vision statement of Jamba Juice was “to inspire and simplify healthy living” and they believe that whole food ingredients are healthier for people, and inspire people to pass the goodness along to the world (About Us). The company uses differentiate strategy that they blend all good health ingredients into their drinks. Although the cost of the drink is high, customers still visit Jamba Juice because of the shared future or vision: healthy living.

Milton Friedman wrote in his famous 1970’s article in The New York Times Magazine, that “the one and only social responsibility of business, is to increase profits for shareholders.” Milton Friedman's view on business responsibility accentuates the importance of maximizing firm's value. He pointed that the “there is one and only one social responsibility of business –to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engaged in open and free completion without deception or fraud’’ and by taking on the burden of social cost, the business becomes less efficient (Milton Friedman, 1962).

The benefit to business of good Corporate Social Responsibility is difficult to quantify as it varies depending on the nature of the enterprise. Some scholars believe that there is a business justification for CSR. That is, what is good for the environment and society will be good for company profitability. And studies have shown a slightly positive correlation between CSR and financial gain (Steiner and Steiner, 2006). However, as Freidmanism claims, the first responsibility of business is to make enough profit to cover the costs for the future. If this social responsibility is not met, no other responsibilities can be (Hargreaves, 2006). Therefore it is critical that CSR activities are included in strategy formulation and that the level of resources devoted to CSR is determined like any other strategy – through cost/benefit analysis. Corporations will not throw money away…they need to see it

Milton Friedman was an American economist, statistician and writer, who had a massive impact on the research agenda of the economics profession. His famous words “the only responsibility of business is to increase its profits” (Friedman, Milton. 1970) led to many controversial debates on whether businesses should have ethics or if profit should be their main goal. Corporate social responsibility has many definitions, as its interpretation is quite loose, so I have chosen one that relates the most to this essay, given by the World Business Council for Sustainable Development, in 2000: “Corporate social

As we can see from Ben and Jerry's Mission Statement above, it sets out as part of its corporate strategy to implement these three integrated missions. That is to develop a high quality product whilst promoting business practices that respect and protect the environment. Whilst dedicating to achieving a sustainable economic growth under a concept of linked prosperity which they call "Caring Capitalism" which goal is to make profits but also providing career opportunities and

Milton Friedman once famously said, “The business of Business is Business”. If the great man have to rethink his ideology in today’s context he might have to rephrase the above statement, and it is quite likely to be;“The business of business is not Just Business “. In modern times Creating a great company and building a better world are not conflicting goals – they are both essential ingredients for long-term success of the organization in particular and society in general .Corporate Social Responsibility or CSR is no longer a luxury for the corporate world, it’s a necessity which they have to embrace for their own and society’s long term future

Our purpose shapes how we invest in our brands around the world to inspire passion and loyalty.

"Everything we do is inspired by our enduring mission: * To Refresh the World... in body, mind, and spirit. * To Inspire Moments of Optimism... through our brands and our actions. * To Create Value and Make a Difference... everywhere we engage."

To achieve our Purpose and Mission, "we affirm our values of Integrity, Respect for People, Customer focus, Community, Innovation, Teamwork, Performance, Leadership, and Quality" (Pfizer, 2005). Pfizer's company vision is the driving force behind all of the billions of dollars dedicated to Research and development.