The Ethics Of Johnson & Johnson

1416 Words6 Pages
Introduction Johnson & Johnson is considered to be one of America’s most admired companies. They manufacture and sell a broad range of products from shampoo to Band-Aids, to medical devices. They also focus on research and development to help heal diseases and treat illness. The company does not have a mission statement but they do have a Credo. This credo was written by Robert Wood Johnson in 1943. 1 Our Credo: We believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services. In meeting their needs everything we do must be of high quality. We must constantly strive to reduce our costs in order to…show more content…
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 final responsibility is to our stockholders. Business must make a sound profit. We must experiment with new ideas. Research must be carried on, innovative programs developed and mistakes paid for. New equipment must be purchased, new facilities provided and new products launched. Reserves must be created to provide for adverse times. When we operate according to these principles, the stockholders should realize a fair return. History of the Company Johnson & Johnson was founded in 1886 in New Jersey by three brothers- Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson. They started out producing sterile surgical dressings. In 1893, they started selling baby powder. From there they moved on to Band-Aids, baby shampoo, Tylenol, contact lenses and stints to name a few of their many early products. Johnson & Johnson also provided disaster relief to Galveston, Texas after a devastating hurricane 1900, and to San Francisco, California after an earthquake in the 1906. They also founded the Robert Wood
Open Document