Company Analysis and Financial Statement
Carolina Martínez Mediero
I. Introduction & History of the Company
Johnson & Johnson is a global American company that operates as a pharmaceutical, medical devices and consumer packaged goods manufacturer that serves with its products to over 175 countries worldwide.
It was founded in 1886 by Robert Wood Johnson I, James Wood Johnson and Edward Mead Johnson.
The corporation's headquarters is located in New Brunswick, in the state of New Jersey, USA; and its consumer division is located in Skillman, New Jersey.
It is formed by a group of 118.700 employees (data of 2009), and it is governed by the Chairman, Board of Directors, and Chief Executive Officer of the company William C. Weldon since 2002.
Since the 1900s, the company has been consistent with a steady diversification: In the 1020s they started to add consumer products and they created a separate division for surgical products in 1941 which soon it became Ethicon, allowing the company to specialize and therefore focus on this area. It also expanded into pharmaceuticals with the purchase of McNeil Laboratories, Cilag, and Janssen Pharmaceutical, and into women's sanitary products and toiletries in the 1970s and 1980s.
During the recent years, Johnson & Johnson has expanded into such diverse areas as biopharmaceuticals, orthopedic devices, and Internet publishing. Recently, Johnson & Johnson has purchased Pfizer’s Consumer Healthcare department.
The company’s structure is based on the principle of Decentralized Management; an executive committee is the principal management group. It is responsible for the operations and allocation of the resources; oversees and coordinates the activities of its segments.
The corporation is formed by an estimation of 250 subsidiary companies with operations in over 57 countries. Each subsidiary within the business... [continues]
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