Johnson and Johnson began over 120 years ago by a band of brothers, who had a visionary notion that doctors and nurses should utilize sterile sutures, dressings, and bandages to treat patients’ wounds. Ever since that generation, Johnson and Johnson has supplied products that permit humans to live longer, healthier, and better lives. Johnson and Johnson stretches to more than 265 companies, in 60 countries and employs approximately 125,000 people. In this paper, I will discuss three of Johnson and Johnson’s target markets. Also, I will consider the demographics and marketing strategies that give Johnson and Johnson a competitive advantage,
Johnson and Johnson’s Target Markets
Ethnic Skin Care Market Soft and Even™. Johnson and Johnson’s subsidiary Ambi®, a skin care brand is aiming to drive sales in the ethnic market. The new product line, Soft and Even™, will target the ethnic demographic by marketing the product’s effectiveness in protecting against dry skin, uneven skin tone, and stretch marks. These are all difficulties that trouble people that have a darker complexion.
Furthermore, Euromonitor states, “Ethnic beauty overall is largely an untapped area with ample scope for growth, and as manufacturers gradually wake up to its immense potential, a significant shake-up can be expected” (Penning, 2013). Johnson and Johnson is looking to capitalize on the future growth of the ethnic market. Cosmetics design reports, “The ethnic-specific cosmetics market was
The JW Anderson product range consists of menswear, womenswear and unisex garments and accessories. They currently produce six collections annually - two menswear and four womenswear.
White companies and white faces with white products…white. With the population of America containing thirty-seven million African and African-Americans, racism is not only discriminatory but also is socially submerged within the terms of “beauty” (Bureau of labor statistics). Women in history have been seen as inferior to men; now, in the twenty-first century, women have been subcategorized in racial boundaries including color being the most prominent divider. As the famous Shakespeare said, “Beauty is in the eye of the beholder.” In most 21st century companies the owners of major cosmetic brands such as Too Faced and Benefit are owned and founded by white individuals, which makes sense because the promotional models are mostly white.
Johnson & Johnson, a 130 years old famous multinational healthcare company through its family of companies is involved in the research and development, manufacture and sale of a wide range of products in the healthcare. Product that related to human health and well-being has always been their main interest over the years and also presently. Johnson & Johnson was incorporated in the State of New Jersey in 1887 by three brothers; Robert Wood Johnson, James Wood Johnson and Edward Mead Johnson.
Dina Gerdeman’s article discusses how the cosmetic industry in India has created a stereotype in which individuals with lighter skin tones are more acceptable and successful in comparison to those with darker skin tones. The media has portrayed this image persistently despite social activists arguing against the implications. Even though many campaigns have been created to combat this stereotype, the March 2016 case author of “Fair & Lovely vs. Dark is Beautiful,” Rohit Deshpande says, “…if you look at whether it’s done anything to affect the sales of the product category, the answer is no. This is a big market by any standards, and it’s growing exponentially” (para. 12). By the cosmetic industry’s perspective, “The government
Johnson and Johnson, commonly called J&J for short, is one of the world's well known, largest, most decentralized and most diversified health care companies. Since 1887, Johnson and Johnson has been producing, manufacturing and selling products related to human health and well-being. Today J&J has over 200 autonomous operating companies and do business globally specializing in consumer products, medical devices and diagnostics, and pharmaceuticals. Consumer products are the company's most recognizable segment, including popular brands like Tylenol, Johnson and Johnson Baby Shampoo and Band-Aid. The medical devices and diagnostics segment manufactures products including surgical equipment
Being involved in the US retail drugstore industry, Rite Aid Pharmacy is the third largest drugstore chain, when comparing number of stores and revenue, in the United States. Operating around 4,623 stores in 31 states, with majority of their store placement located on the East and West Coasts, with their corporate headquarters located at 30 Hunter Lane, Camp Hill PA, 17011. Founded by Alex Grass in 1962, then incorporated in 1968, Rite Aid has been involved in a highly competitive market, where continuous improvement and evolution is needed to maintain a key position.
Johnson & Johnson was founded in 1886 by three brothers in America. It is a company that sells consumer packaged goods, medical devices and pharmaceuticals and has been one of the most trusted and well-respected brands around the world. Many families use their household products, from shampoos to drugs. The worldwide company should handle all business deals and services ethically. This report will look into how well Johnson & Johnson makes decisions in terms of the health and safety of consumers, honesty and its marketing strategies.
For Johnson and Johnson to continue being an industry leader, change is needed. An overhaul of the company’s
To identify the target consumers, companies must divide the market into groups with distinct needs and preferences before identifying which segment to target (Kotler & Keller, 2017). The target market for PepsiCo products is the population aged between 13 and 45 years. Since this population mostly comprises of young people, Pepsi sells its products in restaurants, schools, colleges, fast food stores, and other places that this target market frequents.
For baby boomer generation which is experiencing life changes brought by aging, they have shown increasing interests in cosmetics and toiletries, not only to enhance their appearance but also for other reasons. A simple example is that they use foundation with treatment ingredients to protect their skin against harmful UV rays, and to help a variety of skin problems.
The quest for beauty is an endless endeavour at all times. Despite the old saying cautioning us that beauty is only skin deep, billions of dollars is spent on skin care products every year for men and women, young and old alike. In this multi-million-dollar industry, every company tries hard to maximize their profit. One of the most common methods they apply is market segmentation.
Describe the company and the major initiative(s) they have planned for the next 5 years.
The cosmetics business is a billion dollar industry. Every year, women are responsible for consuming millions of cosmetic products. The cosmetics industry is so large because of several factors. The media is a huge contributor to the intense pressure to look a certain way. The idea that "sex sells" is evident in gossip magazines, movies, advertisements, music, and more subtly- in the business world. People first notice what race someone is, how beautiful or ugly they are and what clothes they are wearing. Beauty is skin deep; however, first impressions are usually what others use to base their
a. What process elements do you believe are critical to ensure your organization understands the target market and its needs today and remains knowledgeable and informed about trends as your business grows and technology and market forces change the market? Are there specific tools (e.g. CRM, big data tools) that should be part of your firm’s toolkit? If so, explain what value they bring, how they fit into your process, and way they are worth the investment of time, money, and mind share during the critical startup phase.
Johnson & Johnson’s operations are categorized into three business divisions: Consumer, Medical Devices and Diagnostics, and Pharmaceutical. The Consumer segment’s products are promoted to the overall public and sold to both retail outlets and distributors all over the world. These products include wound care, skin care, baby care, and wellness and prevention platforms just to name a few. The Medical Devices and Diagnostics segment involves disposable contact lenses, surgical and bio-surgical