Three Characteristics Of Johnson & Johnson In The Health Care Industry

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There are three distinct segments of the healthcare industry where Johnson & Johnson is mainly concentrated. 1) Consumer 2) Pharmaceutical 3) Medical devices CONSUMER: Across the world, Johnson & Johnson produces various products for the consumer health care industry under the brand names of Clean and Clear, Stayfree, Listerine, Aveeno, Tylenol, Band-Aid, Sudafed, and Neutrogena as well as many others. The consumer products are in the areas of for baby-care, skin-care, oral-hygiene, nutritional, wound, and women’s health care. These products are available over the counter at the stores. The major competitor for Johnson & Johnson in the consumer health care industry is Procter & Gamble. Procter & Gamble produces health care items for the consumer…show more content…
These are primarily in the areas of oncology, neurosciences, immunology, cardiovascular & metabolism and infectious diseases & vaccines. One of the major competitor for Johnson & Johnson is Merck’s pharmaceuticals that produces similar or nearly products. Merck also competes strongly in the areas of vaccine and immunisation through its products. Whereas Novartis competes with Johnson & Johnson through its drugs in the areas of neurosciences, cardiovascular & metabolism, paediatrics and other…show more content…
Johnson & Johnson (J&J) is governed by these values, set forth by Robert Wood Johnson. These values have been guiding the company for many years and continue to set the pitch and principles for the entire Company. Every employee, irrespective of the hierarchy, at Johnson & Johnson is committed to the ethical principles embodied in the Credo. These value principles extend to the company corporate governance and embodies all four stakeholders i.e. customers, employees, communities and shareholders. Johnson & Johnson carries a belief that good corporate governance results from sound processes that ensure that stakeholders are supported by timely and accurate information, unrestricted access to management and sufficient resources. J&J also believes that integrity and ethics cannot be legislated or mandated by any directive or policy. While everyone at J&J adopts these principles of corporate governance, the company reaffirms the belief that the integrity, ethical character, and values of their senior management remain the pillars that safeguard corporate governance at J&J. Duties and Responsibilities of the Independent Lead Director in the Board of Directors of Johnson & Johnson
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