Code of Ethics - Research Paper Example

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Code of Ethics

The current J&J head is the CEO and Chairman of the company, William C. Weldon” (Flamholtz & Randle, 2011). Unlike other companies, J&J does not have a mission or vision statement but it has a Credo that has been guiding all the actions and decisions of the company for more than the past 60 years. Furthermore, unlike other companies, this Credo or code of ethics is a simple one-pager document that hangs on the walls of company office in 57 countries and in 36 different languages (Flamholtz & Randle, 2011). Discussion “It was in the year 1943, when the Chairman and a member of the company’s founding family, write this credo for the company, just before it was going public” (Leonard-Barton, 1998). The term corporate social responsibility did not even exist at that time. The period of James E. Burke who served as the company’s Chief Executive Officer (1976-1989) was the defining moment in the history of the company ad its credo. During his period, the company faced several allegations and litigations and he asked his fellow executives to either follow the Credo or tear it down the wall. However, during the mid 1970s, Burke found that the classical Credo of the company has lost its legacy and influence in the company. ...Show more

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Running Head: Code of Ethics Code of Ethics Code of Ethics Introduction With operations in 57 countries and existence, through product, in more than 175 countries of the world, “Johnson & Johnson is one of the world’s largest and most reputed global American pharmaceutical, medical devices and consumer packaged goods manufacturer” (Flamholtz & Randle, 2011)…
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