Lessons from J

1
Lessons from JJ (A)

• In successful companies, strategy, structure
  and culture are usually deeply interconnected
• Should be thought of as complementary
• Diversification and growth can occur through
  internal investment
• Contrast to Beatrice
• Role of the center
• Maintain a large, yet entrepreneurial
  organization
• Creation of higher powered incentives, yet a
  common sense of belonging
• Private information about markets and people
• Investments in culture and values
• Are the parts more valuable than the whole?
  Should we break-up JJ?
• Compare to Beatrice
• Culture as core competence
• Common and shared beliefs
• Expeditious decision-making and credible
  commitments to employees and customers
• e.g. Tylenol scare
• Difficult and costly to replicate?
• Ethics and profits coexist at Johnson and
  Johnson
• Is it the Credo or something else?