Johnson and Johnson is a company located in America and commenced its operations in 1886. The company is a consumer packaged goods manufacturer, offers medical services, and operates as a multinational pharmaceutical. The company’s SIC classification code is 2834, and the Ticker Symbol is JNJ. Deloitte and Touché is charged with auditing of the company’s financial statements. Generally, Johnson and Johnson deals with the production of drugs. On the other hand, Procter and Gamble, which is a multinational corporation, is also situated in America and focuses on producing various punter goods. Procter and Gamble was established in 1837. The company’s SIC code is 2841and the Ticker symbol is represented by PG. Price Waterhouse Coopers audits the financial statements of PG.
This paper explores the comparisons and contrasts between JNJ and PG.
Johnson and Johnson is a company that focuses significantly with the production of healthcare products. Most of the products produced by the company are utilized in homes and other places for first aid and medication purposes. These products include Tylenol medications, Neutrogena skin and beauty products, Johnson’s baby products, Acuvue contact lenses, and clean and clear facial wash. Thus, Clark (2007) points out that the company markets drugs around the world, and it has been awarded for its efforts in funding International Educational Programs. As mentioned earlier, the company is a multinational corporation, which means it has various outlets and subsidiaries that work under its name. Notably, the company generates revenue from marketing of the drugs that it manufactures. This company specializes in pharmaceuticals and the medical industry (Clark, 2007).
On the other hand, Procter and Gamble is a company, which manufactures consumer goods. According to Dyer, Dalzell, and Olegario (2004), Procter and Gamble produces 24 consumer goods that have influenced the market and their revenue significantly. These products include Ace, Always, Dash, Bounty, Ariel, Crest, Duracell, Wella, Pampers, Gillette, Fusion, Olay, Fixodent, Mach Factor, Oral-B, Puffs, Swifer, Pantene, and Venus among others. For a clear understanding of Procter and Gamble’s deals, the company distinguished its operations into six major categories that include baby care and family home care segment, grooming segment, fabric care and home care segment, beauty segment, snacks and pet care segment, and finally, the health care segment (Dyer, Dalzell, & Olegario, 2004). This company generates revenue from marketing its consumer goods, which explains why the company has invested a lot in the production of movies in order that many people can become familiar with its products. Procter and Gamble is also a multinational corporation with subsidiary companies that facilitate the marketing of its products. The company specializes in consumer goods and personal care products.
Recent developments have seen the companies diversify into new operations, which contribute to the comparison between the two companies. Procter and Gamble manufactures various products from health care and oral care to various drugs. Dolfsma, Duysters, and Costa (2009) indicate that this forms the comparison between the two companies as they both engage in the oral care market. Procter and Gamble engages in the production of Oral-B/Crest, which is a toothpaste; thus, causing a comparison with Johnson and Johnson that specializes in oral care among other functions.
In conclusion, both Procter and Gamble and Johnson and Johnson form companies located in America. The two companies are multinationals with subsidiary companies that help them in the production and marketing of their products. However, it should be noted that Procter and Gamble specializes in consumer and personal care products while Johnson and Johnson specializes in pharmaceuticals and the medical industry. Some products by JNJ include Johnson’s Baby products and Acuvue lenses. PG products include Gillette, Fusion, Olay, Fixodent, and Mach Factor.