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

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

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

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

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