codman_shurtleff
TRANSCRIPT
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8/6/2019 Codman_Shurtleff
1/5
Johnson & Johnson
Massive Public Organization
Over 75,000 Employees generatingover $ 900 M in profit
155 autonomous subsidiaries operatingin three product groups:
- consumer
-pharmaceutical
-professional
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8/6/2019 Codman_Shurtleff
2/5
Codman & Shurtleff
Services professional market with over27,000 products
Change in corporate strategy fromquality to cost containment
Dynamic and complex industry withgreat reliance on healthcareprofessional
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8/6/2019 Codman_Shurtleff
3/5
Corporate Overview
No overall strategy for Johnson & Johnson
Manage for the long run through via 5 & 10year budgeting
Autonomous subsidiaries questioned byExecutive Committee
Subjective compensation plan
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8/6/2019 Codman_Shurtleff
4/5
Codman Organization Chart
R.W Black
President
R.W Black
President
VPManufacturing
VPManufacturing
InternationalDirector
InternationalDirector
VP BusinessDevelopment
VP BusinessDevelopment
VP Research&
Development
VP Research&
Development
VP Marketing
VP MarketingVPInformation
Control
VPInformationControl
Treasurer
Treasurer
VP HumanResources
VP HumanResources
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8/6/2019 Codman_Shurtleff
5/5
Chairman
Chairman
Vice-Chairman
Vice-Chairman
ExecutiveCommittee
ExecutiveCommittee
StolzerExecutive
Committee
StolzerExecutive
Committee
CompanyGroup
Chairman
CompanyGroup
Chairman
DivisionalPresident
DivisionalPresident
DivisionalPresident
DivisionalPresident
VPInternational
VPInternational
BlackPresident of
Codman
BlackPresident of
Codman
DivisionalGroup
Chairman
DivisionalGroup
Chairman
CompanyGroup
Chairman
CompanyGroup
Chairman