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Explore Johnson & Johnson's journey from inception to global presence, financial standing, and principled leadership ethos. Dive into their industry landscape, competitive edge, diverse and inclusive practices, and strategic positioning. Uncover how their commitment to diversity not only shapes their workforce but also influences the products they offer. Discover the numerous initiatives promoting diversity, inclusion, and talent management within the company. Learn about their principled leadership approach and social impact projects worldwide.
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Symone Blake, Toral Patel, Amirah Shaikh, Victoria Skarbinski
Agenda • Introduction to J&J • Industry Overview • Competitors • Diversity and Inclusion • Financial Review • Principled Leadership • SWOT • Recommendations • Conclusion
Introduction • Founded in 1886 • New Brunswick, New Jersey • Operates in over 60 countries • Product sold in over 275 countries
Overview of J&J • The world’s 6th largest consumer health company • 3Business Segments: • Consumer • Pharmaceutical • Medical Devices and Diagnostics
U.S and International Overview • United States • Acquired the McNeil Plant in Fort Washington, PA in order to enter Pharmaceutical Industry. • 94 subsidiaries in the United States • International • Acquired Jansen Pharmaceutica in China to build international presence. • 130 subsidiaries in 60 countries • Employees work in the country of their origin.
Industry Background • Pharmaceutical • Food and Drug Administration • Patents • Allows creator to be the only seller until the patent expires. • Industry Composition
Competitors Diversity and Inclusion Analysis • Novartis • Switzerland Based • Entrepreneurial Leadership Program • Pfizer • US Based • Colleague Council • Covidien • Ireland Based • Networking Events
Industry Diversity & Inclusion • Dominated by Men • Push to hiring a more diverse employee base. • Open door policies • Speak comfortably with managers before seeking HR • Employee Engagement Surveys • Be a voice without a face
Board of Directors
Strategic Positioning
Financial Graph (millions)
“Our Credo” • If a problem occurs within the company they utilize the credo to fix it. • Tylenol Poisonings of 1982 • Motrin/Tylenol Recalls of 2008-2011 • Artificial Hip Recalls Philosophy
“Our commitment to diversity has a powerful impact on our recruitment and our talent-development processes, as well as the products we offer to customers. We make a tremendous effort to recruit a diverse work force, both in the United States and around the world” Diversity and J&J Diversity & Inclusion (Late) Marjorie Geller Vice President Recruiting
Wide definition of diversity • Office of Diversity and Inclusion • Mentoring Programs • Diversity University • Employee Resource Groups J &J Management of Diversity and Inclusion
Affinity Groups • Affinity groups are created by employees to provide mentoring, community outreach, cultural awareness and career development. • African American Leadership Council • Community of Asian Associates at Johnson & Johnson • Gay and Lesbian Organization for Business and Leadership • Hispanic Organization for Leadership and Achievement • South- Asia Professional Network • Association and the Women’s Leadership Initiative
Global Talent Management • J&J has a decentralized management system obtains the most talented and diverse people. • Various ways of enticing top talent • On-the-job training plus extensive • Compensation, benefits, and employee programs • Broad range of career options • The opportunity to work flexible hours, acquire education, adoption, child care, and elder care.
-Identifies qualified Master’s and MBA graduates for developmental roles with Health Economics and Market Access for all Johnson & Johnson companies -Prepares participants for leadership roles in the Asia-Pacific, Europe/Middle East/Africa, or Latin America businesses. International Recruitment& Development Program (IRDP)
There are many development programs for domestic employees but are not limited to domestic employees: Enterprise Leadership Programs Company- specific Leadership Programs Domestic Programs
ColaLifeThe objective is to make ‘social products’ available in remote rural areas:
Corporate Citizenship Trust • Tackling violence against women in Spain • Volunteering with special Olympics in Ireland • Empowering rural communities in Afghanistan • Home away from Home Kids with Cancer in Italy • Learning and Earning East Africa • Helping children with difficulties in Greece • Living with AIDS/HIV in Russia • Ocean Exploration • Health info to chronically sick people in Germany • Moving forward in the UK- poverty, obesity, inspiration for healthcare
Awards and Recognitions • LATINA Style Magazine – top 50 Company for Latinas to work for in the United States. • No. 2 by Interbrand’s 2012 Best Global Green Brands report. • Fortune magazine’s list of the World’s Most Admired Companies • 10 Best U.S. Corporations for Veteran-Owned Businesses for 2012 by the National Veteran-Owned Business Association (NaVOBA). • 100% for the seventh consecutive year on the annual Corporate Equality Index (CEI) by the Human Rights Campaign Foundation (HRC) • Humanitarian of the Year Award for our leading role in its Healthy Mother, Healthy Child initiative (UN). • Working Mother -one of the “Top 100 Companies for Working Mothers” • Diversity Inc No. 11 J&J, No. 8 Diversity Inc for Women
Recommendations & Plans • Be more transparent with measures of diversity • Take more measures before releasing a product to avoid recall • Having high quality products will keep and attract a diverse employee base. • Return focus on the values outlined in the Credo • Create a system giving employees the opportunity to work in different markets around the world- talent mobility
Conclusion • Pharmaceutical is the largest business segment • JnJ are considered leaders in Pharmaceutical industry & diversity • Overall very diverse and inclusive • A global brand presence