Johnson & Johnson Ethics
Ethics of Johnson & Johnson
Johnson & Johnson is engaged in the manufacture and sale of a broad range of products in the healthcare field. The Companys worldwide business is divided into three segments: Consumer, Pharmaceutical and Medical Devices & Diagnostics. It was founded in 1887, currently employs 110,900 people in countries all around the world. At Johnson & Johnson there is a ?credo? versus a mission statement. It is a one page document that was created in 1943 by Robert Wood Johnson termed as a ?new industrial philosophy?.
The credo essentially outlines the corporation?s responsibilities, in order. It begins with the primary responsibility, which anyone who uses its products and services. It outlines how the company must strive to keep costs reasonable, and that suppliers and distributors must have an opportunity to make a fair profit. Second, the credo goes into its responsibilities to its employees. It outlines how each person is considered an individual, who must feel secure with their jobs, with fair compensation and a clean and safe workplace. Further, it emphasizes how an employees? primary responsibility is to its families. It emphasizes that management must be fair and ethical. The third responsibility is
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