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Summary business 412 week 6.docx Bus412 Week 6 Business 412 Website: JNJ.com Industry: Consumer health products, pharmaceuticals, medical devices Introduction Johnson and Johnson were founded in Newark, NJ in 1886. This company develops medical supplies.$7.49
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Summary business 412 week 6.docx Bus412 Week 6 Business 412 Website: JNJ.com Industry: Consumer health products, pharmaceuticals, medical devices Introduction Johnson and Johnson were founded in Newark, NJ in 1886. This company develops medical supplies.
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Western Governors University
business 412 week Bus412 Week 6 Business 412 Website: JNJ.com Industry: Consumer health products, pharmaceuticals, medical devices Introduction Johnson and Johnson were founded in Newark, NJ in 1886. This company develops medical supplies. In 2018 it was ranked 37 on the Fortune 500 list...
business 412 week 6docx bus412 week 6 business 412 website jnjcom industry consumer health products
medical devices introduction johnson and johnson were founded in newark
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Bus412
Week 6
Business 412
Website: JNJ.com
Industry: Consumer health products, pharmaceuticals, medical devices
Introduct
ion
Johnson and Johnson were founded in Newark, NJ in 1886. This company develops
medical supplies. In 2018 it was ranked 37 on the Fortune 500 list. Johnson and Johnson are
a public traded company. Robert Wood, James Wood, and Edward Mead Johnson were the
founders of the company. The Current CEO is Alex Gorsky. The Chief Scientific Officer is
Paul Stoffels, and Joaquin Duato is the Vice chairman of the executive committee. Total
Revenue as of 2019 is 82 Billion. The operating income is 42 billion, net income is 24.6
billion, total assets
258 billion, and the total equity is 109 billion. Johnson and Johnson have 132,000
employees. There are over 200 subsidiary companies hosted by Johnson and Johnson.
Porter Five Forces Model
Analysis
Competition in the industry
Being in the Medical Industry is completion of its own. There are plenty of existing
companies that with intense competitiveness will decrease the prices throughout the industry.
Many companies decide that they would be better off together than in competition with each
other. So, it creates a merger. The medical field is one that will not disappear or backdown.
Our current situation is an example as to why this industry is so important.
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