Manufacturing Company
Assignment 1 – Manufacturing company Johnson & Johnson
Johnson & Johnson is an American multinational company that was founded in Brunswick, New Jersey in 1886 by American entrepreneurs Robert Wood Johnson and Edward Mead Johnson. It manufactures pharmaceuticals, medical devices and consumer products. Johnson and Johnson and its subsidiaries have operations in over 60 countries and sell their products in over 175 countries. They are one of the world’s largest manufacturer of health care products and the largest developer and manufacturer of medical treatment and diagnostic devices. It is recognized for its corporate repute, strong customer base, brand loyalty and brand image. Johnson & Johnson has an excellent research and development base, which is its strength for surviving in the pharmaceutical sector. Johnson & Johnson has successfully employed a strategy of differentiation that helps it distinguish itself from its competitors (Johnson & Johnson Services, n.d.).
The subject of managing organizational communication encompasses both formal and informal communications throughout an organization, including communications to employees and with or from employees to upper management. This discussion reviews the basics of effective cost allocation, activity-based accounting and management, inventory costing methods, and methods for measuring results within the Johnson & Johnson.
Communication is a vital management component to any organization. Whether the purpose is to merely update employees on new policies, to prepare for a weather disaster, to ensure safety throughout the organization or to listen to the attitudes of employees, effective communication is an integral issue in effective management. In order to be successful, Johnson & Johnson would need comprehensive policies and strategies for communicating with its constituencies: employees, stakeholders and the community at large. Developing a communication strategy begins with
Johnson & Johnson is an American multinational company that was founded in Brunswick, New Jersey in 1886 by American entrepreneurs Robert Wood Johnson and Edward Mead Johnson. It manufactures pharmaceuticals, medical devices and consumer products. Johnson and Johnson and its subsidiaries have operations in over 60 countries and sell their products in over 175 countries. They are one of the world’s largest manufacturer of health care products and the largest developer and manufacturer of medical treatment and diagnostic devices. It is recognized for its corporate repute, strong customer base, brand loyalty and brand image. Johnson & Johnson has an excellent research and development base, which is its strength for surviving in the pharmaceutical sector. Johnson & Johnson has successfully employed a strategy of differentiation that helps it distinguish itself from its competitors (Johnson & Johnson Services, n.d.).
The subject of managing organizational communication encompasses both formal and informal communications throughout an organization, including communications to employees and with or from employees to upper management. This discussion reviews the basics of effective cost allocation, activity-based accounting and management, inventory costing methods, and methods for measuring results within the Johnson & Johnson.
Communication is a vital management component to any organization. Whether the purpose is to merely update employees on new policies, to prepare for a weather disaster, to ensure safety throughout the organization or to listen to the attitudes of employees, effective communication is an integral issue in effective management. In order to be successful, Johnson & Johnson would need comprehensive policies and strategies for communicating with its constituencies: employees, stakeholders and the community at large. Developing a communication strategy begins with
References: Bragg, S. (2010, October 6). Accounting Tools What is variance analysis?. Retrieved from: http://www.accountingtools.com/questions-and-answers/what-is-variance-analysis.html Horngren, C. T., Foster, G., Datar, S. M., Rajan, M., & Ittner, C. (2009). Cost accounting: 2010 custom edition (13th ed.). Upper Saddle River, NJ: Prentice Hall-Pearson. Johnson & Johnson. (n.d.). Our History. Retrieved from: http://www.jnj.com/connect/about- jnj/company-history/ Mcintosh, K. A. (n.d.). ehow What is an Operating Budget?. Retrieved from: http://www.ehow.com/info_7947151_operating-budget.html Peavler, R. (n.d.). LIFO and FIFO Inventory Accounting Methods Overview of Two Methods of Accounting for and Tracking Inventory. Retrieved from: http://bizfinance.about.com/od/inventory/a/Inventory_Accounting_LIFO_FIFO.htm