Tyco versus General Electric Financial Analysis

Tylenol Case Study
The discipline of public relations is a modern profession which has been in existence for only close to a century; however, it has already taken an important role in the fields of business, government, entertainment and non-profit organizations including educational institutions and healthcare organizations.  Public relations professionals are required to have excellent organizational, interpersonal and communication skills and have the ability to persuade the public.  It is imperative for PR professionals to effectively communicate with its public in order to establish and maintain a positive relationship.  Furthermore, public relations professionals must have the ability to work under pressure and effectively manage crisis which may have detrimental effect on the company and the public it serves. State purpose of paper and an overview of what will be covered in the introduction
Tylenol's 1982 ordeal has become a classic example of a successful crisis management.  Johnson & Johnson faced a major crisis when their leading pain-killer medicine, extra-strength Tylenol, was found to have caused the fatalities of seven people in Chicago, Illinois.  It was reported that unknown suspect or suspects took the product off store shelves, tampered it with deadly cyanide and returned to the shelves.  As a result, seven people died and consumers lost confidence and panicked over hearing the news of this incident.  Tylenol received massive media coverage which led to an expeditious communication of event to the public.  Johnson & Johnson (J & J) took a huge financial hit when it had to recall and destroy approximately $100 million dollars worth of inventory in addition to the loss incurred by the company whe ...
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