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Prize winner
Authors:
Published by:
Harvard Business Publishing (1987)
Version:
10 February 2000
Length:
17 pages
Data source:
Field research

Abstract

Detailed description of the planning and control systems in use at Johnson & Johnson. Focuses on the actions of managers in one subsidiary in revising budget targets. Illustrates intensive strategic planning and financial planning process in a large, decentralized company. Includes interviews with the president and senior executives concerning benefits of the system. Raises issue of the role of formal control systems in decentralized organizations.

Topics

Budgets; Financial management; Control systems; Forecasting; Planning; Planning systems; Strategic planning; Decentralization; Budgeting
Size:
75,000 employees
Other setting(s):
1986

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