I don't have any specific data about the company, however, Johnson & Johnson is the company that needs to be used to answer the following questions:

Recommendation #1

Should the firm increase its capital expenditures to increase competitiveness? What segments of the business get the most capital allocated to them and why? Justify your rationale for all your responses.

Recommendation #2

Should the firm increase growth by acquiring other companies for synergies or grow internally? Does it have the infrastructure to grow internally? If it is acquired by a competitor, how will the merger be integrated with regard to culture, overlapping businesses, etc.? Justify your rationale for all your responses.