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What Is Johnson Entrepreneurial Opportunities

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Johnson & Johnson: Entrepreneurial Opportunities Entrepreneurial Opportunities Entrepreneurship is defined as individuals who, rather than working as employees for a specific company, assume all risk and reward of a given business venture, idea, or good or service offered for sale (Investopedia, 2016). Entrepreneurs are generally highly motivated to promote their ideas and will often reach out to numerous organizations within a market in order to get their idea out. Entrepreneurs typically assume all risk involved with the creation and development of an idea including financially. Healthcare companies are presented with new ideas all the time, however, a small amount of those ideas are developed into final products that get released to the public. Like most companies within the healthcare industry, Johnson & Johnson, are bound by strict rules and laws concerning their products. Their operations are not only bound by United States laws, but the laws of the other countries they operate within (Johnson & Johnson Services Inc., 2016). Although Johnson & Johnson is faced with many rules and regulations, entrepreneurs are encouraged to contact them with any …show more content…

More than $50 billion dollars have been devoted to research and development in order to keep products effective and affordable since 2010 (Johnson & Johnson, 2015). It is essential that Johnson & Johnson remain in constant compliance with trade agreements between the United States and other countries where business is conducted and immediately implement any changes made to the agreement (Johnson & Johnson Services Inc., 2016). Johnson & Johnson and all companies within the healthcare industry must remain vigilant with changing policies and laws; which can otherwise lead to substantial fines and tax

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