Johnson and Johnson was founded in 1886 by three brothers by writing a manual on antiseptic wound treatment. A company well known for their baby products has been on the market ever since and is currently the sixth largest consumer health, the world’s sixth largest biologics company, and the fifth largest pharmaceuticals company (jnj.com). This company has grown through hard work, dedication, advancements, expansions all over the world and acquisitions of other companies in the various health related industries.
Johnson and Johnson has scientists in development labs all over the world that develop new products and enhance existing products. They also have management headquarters, warehouses and manufacturing plants, as well as distribution companies everywhere. The company is currently broken down into three business segments: Consumer Healthcare, Medical Devices, and Pharmaceuticals. Within these segments are major business franchises. For example, within consumer healthcare, the business franchises are baby care, skin and health care, wound care and topicals, oral health care, women’s health, over-the-counter medicines, and nutritionals. Johnson and Johnson is essentially a parent company with several child companies within. The pharmaceutical segment has seven companies within it. The medical devices segment has nine companies within.
All the companies within the Johnson and Johnson family are guided by the same mission, values, and corporate governance. The main mission of the company is to “put the needs and well-being of the people we serve first.” (jnj.com) The Company currently has various programs for diversity, and for the benefit of the employees. It is also well known for donating supplies and monetary donations to various areas all over the world that have been impacted by natural disasters. The company has continued to grow and flourish, and has continued in sales growth most recently.