A Comparison of the Philosophies used in Business Decisions Company Name: Johnso

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Question

A Comparison of the Philosophies used in Business Decisions

Company Name: Johnson & Johnson

Required:

- Summary of Products/Services. the company's products/services (SUMMARIZE into no more than 1/2 a page)

- Mission/Vision/Credo. Detail for the company's mission/vision/credo. Apply the mission/vision/credo to an ethical/moral philosophy. Apply the detail directly to the philosophy. DO NOT APPLY TO ALL PHILOSOPHIES above. Pick the one or two it most closely resembles. Write 250 words.

Don't copy from anywhere and Chegg's solution. Please read the instruction and information carefully. Please use the company's website and give the links which you are use in writing.

Teleology Stipulates acts are morally right or acceptable if they produce some desired result, such as realization of self-interest or utility. Egoism Defines right or acceptable actions as those that maximize a particular person's self-interest as defined by the individual. Utilitarism Defines right or acceptable actions as those that maximize total utility or the greatest good for the greatest number of people. Deontology Focuses on the preservation of individual rights and on the intentions associated with a particular behavior rather than on its consequences. Relativist Evaluates ethicalness subjectively on the basis of individual and group experiences. Virtue ethics Assumes what is moral in a given situation is not only what coventional morality requires but also what the mature person with a "good" moral character deems appropriate. Justice Evaluates ethicalness on the basis of fairness: distributive, procedural and interactional.

Explanation / Answer

Johnson & Johnson (Products & Services)

(Source: www.jnj.com)

Consumer Products

Medical Devices

Pharmaceutical Products

johnson & johnson Does not provide any Service for Sale Individually & is bundled along with a Product from the above criteria & is solely a Product Based organisation.

Johnson & Johnson (mission/vision/credo)

Summary: Mission/Vision/Credo

Philosophies

Fair Quality & Cost for Customers

Fair Profits for Suppliers & Distributors

Justice: Customers are entitled to fair pricing & quality which they need to get by having the Suppliers & Distributors be paid fairly. It suggests the distribution of Fairness for the Customers while maintaining Procedural Fairness in terms of Quality Evaluation.

Responsibility for its Employees

Equal opportunity for employment, development & advancement for those qualified

Egoism: Believing the Employees need to be respected as an individual & singled out for their Merits. The self interest of the Employee & qualified are highlighted

Responsibility towards Community

Justice: To bear a fair share of burden implies a fair compensation for the Factors of Production

Responsibility Towards Shareholders

Egoism & Justice: The Shareholder Interest is singled out and efforts are made for maximizing it, by research & innovative programs while paying for mistakes. A perception of Fair Value of Stock in light of these efforts is anticipated