Johnson & Johnson is a U.S Multinational Medical devices, pharmaceutical and consumer packaged goods manufacturer founded in 1886. Johnson & Johnson ranked at the top of Interactive National Corporate Reputation Survey for seven consecutive years up to 2005, was ranked as the world’s most respected company by Barron’s Magazine in 2008, and was the first corporation awarded the Benjamin Franklin Award for Public Diplomacy by the U.S. State Department in 2005 for its funding of international education programs. Johnson & Johnson’s brands include numerous household names of medications and first aid supplies. Among its well-known consumer products are the Band-Aid Brand line of bandages, Tylenol medications, Johnson’s baby products, Neutrogena skin and beauty products, Clean & Clear facial wash and Acuvue contact lenses. They have separate buildings for Tablets, Capsules and Injectable and also a separate building for Quality Control. The products are designed for all therapeutic segments with a special emphasis on gynecological and orthopedic specialties. Manufacturing facilities at Johnson & Johnson are in accordance with WHO-GMP standards.
To who is this report disseminated and how is this done?
This report will be distributed to company’s Directors and relevant personal in the organization which include persons like supervisor, fellow frontline manager, bankers, investor etc. It also includes the financial controller or accountants and the financial managers. Why do these people need the information contained in the annual Report? We need to send information to all those above people because by using annual report they can track the record of previous years like, Did company do profit?, How much profit makes?, How much are expenses?, Sales increase or decrease etc. Bankers and Investors also need to have this annual report, because by looking in to this report they can decide whether they need to invest more money to increase sale or it is doing very well sale already. Manager handles whole organization and he is the one, who knows very well where and how to improve company’s improvement in services and products. What financial information does the report offer- describe the contents of the report and what it tells you about the business’ activities – successes and nonsuccesses – during the years?
The company has taken measures and applies strict control system to monitor day to day power consumption to establish the used of energy with minimum extend possible wastage as per as possible. A total sale was $1, 53,000, which is increase from $98,530 from previous year. That shows there is almost 50K on annual sale has been increased, that means new strategies used and applied in organization has worked and given a fantastic output of it. Other thing, organization has continuously working hard in developing R & D to develop products/services, improvement in products is evident in incensement in annual sales, which shows that it has pays off all the effort put on to improvement of product/services. A profit company has made from sales; it will be used in improvement and development of company which includes factory land, building, plant and machinery, furniture, new technology installment , vehicle etc. to increase more sales in coming next years, and target to reach in top 100 companies in the world in next 5 years. By reviewing the annual report, company is performing well and doing good to give the high quality of product to consumers al lower prices. What sorts of recommendations are made and what suggestions are made regarding business activities for the up-coming year? Company has continuously working hard in developing R & D to develop products/services which helpful to consumers/customers because they are getting better quality product at reasonable price rate. Improvement in products is evident in incensement in annual sales, which shows that it has pays off all the effort put on to improvement of product/services.
Company is trying to improve in customer services buy hiring very fluent in all other language other than English, so company doesn’t need to train everyone in all language. Company is trying to reduce the energy consumption in company plant by changing the working hour so there is minimum use of electricity in day time. Where possible, each student is to find a copy of the same organization’s Annual report from the previous year. 1.Compare the 2 and report on whether the projections from the first report were accurate. 2.Were the recommended changes/improvements made and how did they impact on the next year’s report? While I gone through detailed of annual report of previous year (2012) and this year (2013), I found that there is more than $50,000 sales increased compare to previous year. That means that company had made all the improvements in products and services has worked. Company has made more profit than previous year.a
No related essays.