symone blake, toral patel, amirah shaikh, victoria skarbinski
TRANSCRIPT
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
• 3 Business 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
Competitor BoD Breakdowns
11
1
2
Novartis
8
2
4
Pfizer
81
4
Covidien
White MenMen of ColorWhite WomenWomen of Color
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)
Philosophy• “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
Diversity & Inclusion
“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
(Late) Marjorie Geller Vice President
Recruiting
J &J Management of Diversity and Inclusion
• Wide definition of diversity
• Office of Diversity and Inclusion• Mentoring Programs
• Diversity University
• Employee Resource Groups
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)
Domestic Programs There are many development programs for domestic employees but are not limited to domestic employees:• Enterprise Leadership Programs • Company- specific Leadership Programs
Principled Leadership
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