Marketing Plan Johnson Johnson - 8449 Words

Marketing Plan: J J DiaperOrganizational OverviewBackground on Johnson JohnsonIn 1886, Robert Johnson joined his two brothers, James and Edward Johnson and went into business in 1886 in New Brunswick, New Jersey with 14 employees. They incorporated as Johnson Johnson (JNJ) in 1887. One of JNJs most well known products was Johnsons Baby Powder, which was originally to sooth skin irritation in 1890. This led to a line of baby products with the marketing slogan, Best for your baby, best for you. Some of JNJs most well known products are Band-aid, Tylenol and the antipsychotic drug, Haldol. JNJ has been a publicly traded company on the New York Stock Exchange since 1944. The companys ticker is JNJ. They boast 72 consecutive years†¦show more content†¦The diaper industry is a new market for JNJ and it will be tough for the company to establish itself in this industry. Having a well established brand helps, however; Huggies and Pampers has dominated this industry for a very long time and breaking into this new territory is going to require a very expensive marketing campaign. OpportunityDisposable diapers make up an industry worth over $19 billion a year worldwide. This new diaper will allow JNJ to tap into this lucrative industry with a distinctive and innovative diaper that has not been developed up until now. This product has the possibility of being a huge success for JNJ and can contribute to the companys financial position. ThreatsSafety concerns are always an issue especially when developing a product used by children. JNJ needs to be prepared for claims associated with misleading advertising, inappropriate use of the product and allergic reactions that some babies may develop. JNJ invests plenty of money on trials and developing their products, however; does not always guaranty that something will not go wrong. Competition is also a major threat for JNJ. Huggies and Pampers have dominated the diaper industry for quite sometime. If this new product establishes a new demand with the customers in this industry it will not take long for these companies to produce and distribute their own versions of these types of diapers. TrendsIn todaysShow MoreRelatedThe Ethics Of Johnson Johnson1416 Words   |  6 PagesIntroduction Johnson Johnson is considered to be one of America’s most admired companies. They manufacture and sell a broad range of products from shampoo to Band-Aids, to medical devices. They also focus on research and development to help heal diseases and treat illness. The company does not have a mission statement but they do have a Credo. This credo was written by Robert Wood Johnson in 1943. 1 Our Credo: We believe our first responsibilityRead MoreU.s. Food And Drug Administration 20081687 Words   |  7 PagesS. Department of Health and Human Services, updated 2015, viewed 13 January 2016, . 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