Johnson & Johnson Project Plan Outline

The Johnson & Johnson Project Plan Outline will address how the company can improve its negative impact by developing products using green and natural ingredients that are not harmful to the consumer, products that have no carcinogens, most of Johnson and Johnson’s litigation originate as a result of harmful ingredients used in their products.

To help combat the negative impact of recalls of more than 40 of their products, the company should invest more in long term research and improve quality controls across product lines in multiple factories. The company should have stricter controls over their processing plants to help negate contamination of its products.

This will shine a strong focus back on the company and its products and increase consumers to purchase inelastic products regardless of how poorly or well the company is performing. The overall premise is for consumers to trust the Johnson & Johnson brand again. To increase its operating cash flow to fund, share buybacks and boost the overall return on investments of its shareholders. This will inflate J&J stocks and make them more attractive to investors.

Johnson & Johnson is an American multinational establishment that operates in more than 260 countries globally and develops pharmaceuticals, medical devices, and consumer packaged goods. This diversified giant company core operations must change the negative views of consumers and how they regard the brand due to its recent litigations.

As described earlier, the development will consist of creating products that don’t cause skin reactions or sensitization in some people. The company must adhere to selecting ingredients with the proper amounts that are determined to be safe and tolerable in the final products to minimize risks. It is imperative that Johnson & Johnson is cognizance not to label products as green if they contain ingredients that are considered toxic by the federal government. The long-term process of the Research & Development section along with precise market research is to assert pledges within the company that their products are free of ingredients such as parabens and phthalates to improve the quality controls of its products.

As stated by Johnson & Johnson themselves “Our Credo challenges us to put the needs and well-being of the people we serve first. Our Credo is more than just a moral compass-we believe it’s a recipe for business success. As a key player in the pharmaceutical and healthcare industry, Johnson & Johnson understands the responsibility they have when it comes to providing safe products to their customers, as the risks tied to faulty products within the industry are particularly sensitive.” It provides consumers from mothers, doctors, fathers, nurses, caregivers, communities, employees, and shareholders with a strong, convincing and enduring reminder of the company’s responsibilities.

The going concern assumption for J&J is that the company will fold, lose profits, shareholders and more important consumers. This is due to the product-specific issues that fall under regulatory or legal constraints. It is assumed that its competitors will exceed its success in all areas of the industry. To date, Johnson & Johnson is recognized as a significant company whose competition in researching new and existing products and processes has made the company’s more successful. The company currently has a net margin of 27.27% higher than its competitors. This company is seen as a viable asset whose financial performance will successfully be a demanding force in the foreseeable future.

At Johnson & Johnson, the project management approach is to initiate new research into finding and processing green and natural products that benefit the health of consumers and beneficial to the environment. To plan and execute each phase with precise execution that defines cost, quality, manage time, change, risks, and any foreseeable issues. To execute by implementing the project plans with the shareholders or consumers. To assess the project and its performance and determine if it’s a profitable gain for the company. And finally closing the project and making reports of the success or failure of the project. The goal for J&J is to deliver on its business model, innovative products and services to its diversified customers while fulfilling a variety of needs.