philips analysis on innovation
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LOCATED IN NETHERLANDS
• Capital: Amsterdam
• Currency: Dutch Guilder (Euro)
• Population: 16.8 million (2016)
• Official language: Dutch
• GDP: $752.55 Billion
• GDP Per Capita: 50,793
• Stock price: PHG (NYSE)
• $28.94 -0.17 (-0.58%)
NETHERLANDS FACTS
Largest City Main Exports Main Imports
Amsterdam779,808
Exports $525 billion (2014 est.)Export goods machinery and equipment,
chemicals, fuels; foodstuffsImports $552 billion
Import goods: Crude petroleum, cars, andcomputers, packaged medicine
How Netherlands Innovates
The Netherlands ranks among the top countries on the OECD Easeof Entrepreneurship Index
The Dutch government is recognising the value of social innovationon a national policy level in the ‘Top Sectors’, there's a Dutch policyto support cooperation and business between industries, science
and government.
How Netherlands Innovates
Successful long term socioeconomic Strong human resource baseCreation and growth of new development New approaches and practices in innovation procurement Strong evaluation cultureFailure to diversify into sectors of growing global importance Use of public funding
Philips Vision
“At Philips, we strive to make the
world healthier and more
sustainable through innovation. Our
goal is to improve the lives of 3
billion people a year by 2025. We
will be the best place to work for
people who share our passion.
Together we will deliver superior
value for our customers and
shareholders.”
PHILIPS HISTORY
Establishment
1891 1920 1927
Philips mass producedconsumer goods anddiversified its product
range
Idea for an electricshaver
PHILIPS HISTORY
1950 2001
1st large screenprojection TV
2001 Philips launched aprogram called “Towards
One Philips”
32,256 LED Philips light bulbs featured onthe New Years ball drop
in Time's Square
2009
About Philips
Engineering and Electronics Company
Operative in more than 60 countries
3 Main Divisions
Philips Consumer Lifestyle Philips Healthcare Philips Lighting
About Philips
Number 1 in lamps Number 1 in electric shavers Leader in flat screen TV's
Leading Innovator in all three product lines
Sales Performance
Total Sales(Millions)
Green Products(Millions)
2014
2014
2015
2015
Sales: 27,039.33Sales Growth: 2%Net Income: 734.98
Sales: 23,857.38Sales Growth: (1)%Net Income: 458.39
Sales: 12,340.79Sales Growth: (1.7)%
Sales: 14,514.51Sales Growth: (2)%
International Presence
Personal HealthDefinite Diagnosis Minimally Invasive Guided TherapyPopulated Health ManagementConnected Care
5 Priorities
Sales(Millions) EMEA - 8,865.60ASIA -7,797.00
NORTH AMERICA -9,029.57LATIN AMERICA -1,350.81
Innovation Products that MotivatePhilips Innovation Services
Get samples and prototypesOutsource part of development project
Incremental Innovation- Lighting Systems
Energy efficiencySustainabilityOperational cost reduction
Innovations that Characterize PhilipsPhilips Research
Introduces meaningful innovationsFinds technology options for healthand well-being innovations
Open innovation
Inside-outOutside-in
Technological Innovations
Philips Innovation Campus- Bangalore, India
Develops innovative products and solutions for PhilipsHealthcare devices, lighting solutions, digital innovationsDevelopment of global renewable energy solutions
Digital Innovation Team
Developing digitally connected products, services, andapps
Marketing Innovations
Focused on the customer
Integrated cross-channel digital marketing systemBehavioral targetingGlobal campaigns, local implementation
Positioning StrategyPhilips' new brand positioning is all about promising customers a more comfortable and more
straightforward relationship with technology and with Philips.
It believes that somewhere along the way the promise of the Technology Revolution to make our lives easier,simpler and better is not being delivered.
In many respects the technology industry has made things more complex. Philips is, therefore, offering asolution.
Research showed that people are asking for greater simplicity in their lives and in their dealings with technology. They wanttechnology that gets the job done without drawing attention to itself. Most users are put off by the need to read and
understand a complicated manual before they can try out their new purchase.
'Products are designed around you'. 'Products are easy to experience'. Products are advanced'.