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Johnson& Johnson Company Essay

1248 words - 5 pages

4.1 J&J's implementation for stakeholder's management (according to the Credo)4.1.1 Responsibility of product usersWe believe our first responsibility is to the doctors, nurses and patients, to mothers and fathers and all others who use our products and services (Johnson& Johnson, 2013). The company do their product at the high quality and focus on the service of the customers' orders. We can find that the Johnson & Johnson recall for announced two recalls of well-know products in a week let the public focus on their quality of the goods (Kate Thomas, 2013). Although the company face to the huge stress from the different aspects but the company still responsibility to their ...view middle of the document...

4.1.4 Responsibility of stockholdersOne of the important parts for a company is the stockholders, because they fund support to the company and believe the control of the company. So the same as the other company, Johnson& Johnson need responsibility the profit and fair return for each stockholder (Johnson& Johnson, 2013). According to the annual report in 2012 of the Johnson & Johnson Company, we can discover that the net earnings is $10,514 million in 2012 and $9,672 million in 2011, compare with the 2011 the earnings per share in 2012 was increased $0.37 (Johnson& Johnson, 2013). All the data show us the company not only own the profit for the company but also let the stockholders earn the benefits in the last year.4.2 Supplementary guarantee 4.2.1 Institutional designDue to the issue of the case, the company need code of ethics to constraint their behavior. The main objective of a code of ethics is to give each person several internal and external professional public, agreed understanding of professional obligations under the rules of acceptance mutually.The principles of our code of ethics is intended to describe guiding ethical decision-making, to ensure the safe use of our products and providing our patients and their families, doctors, nurses and health-care providers best interests (Johnson & Johnson, 2013). The company has their own code of ethics, according to the codes; they promise taking best interests to consumers as their responsibility. Since the company has code of ethics, they should get its acts together. Enforcement of a code of ethics not only depends on Self-regulation but also the company can set up an explicit institution to supervise and implement company with code of ethics. 4.2.2 Public supervisionWhile most of the world's largest companies now have codes of...

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