Land
1. Headquarters found in New Brunswick
2. Water- a major key ingredient in many of their projects
3. Made initial efforts towards environmental stability in supply and manufacturing in the early 1980s.
Labor
1. Johnson & Johnson employs 114,000 people. The jobs would be to run the various machinery and repair the machinery when it breaks down, in addition to some manual labor, such as packing the various products.
2. Johnson and Johnson also employ many people to handle marketing and advertisement.
3. Yes, Johnson & Johnson uses mechanization to reduce labor costs.
Capital
1. Johnson & Johnson is a corporation and is listed among the Fortune 500.
2. JNJ is making efforts and investing in growing, and, due to their absolutely insane and ridiculous size, they are in a comfortable economic place.
3. Johnson & Johnson has no need to expand, as it is already worldwide. However, if it did expand, the company would most likely take the capital needed from itself. Because it is one of the largest companies worldwide, Johnson & Johnson can basically do whatever it wants.
Economic Basics
1. Johnson & Johnson is a worldwide company, and thus has a large demand of their various products. The amount of products they produce is based upon how much is produced by the factories and how many resources it takes to produce the product in the first place, as well as the amount of time for transportation. However, Johnson & Johnson is able to meet the demand due to their establishment in many places and high status.
2. As one of the Fortune 500, Johnson & Johnson really doesn’t need to worry about competition. It is a worldwide company and makes a wide variety of products that are used by many people. Although there may be competition in the hygienic area from individual shops in local areas, competition has no true impact on Johnson & Johnson.
3. If there are any large productions of factory defects, the company is required to perform a recall, such as in 2010 or in the cased of the Chicago Tylenol murders. Other than a forced recall, there aren’t any regulations because Johnson & Johnson doesn’t produce the types of products that need to be regulated.
Tuesday, March 8, 2011
Thursday, March 3, 2011
JNJ Land, Labor, Capital costs
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