PHILIPS

a. zaeki | k. lam | n. yadav | p. bajaj | s. batra | v. sultania

Overview of the Company

Dutch multinational company

Founded in 1891

Turnover: € 21,391 million

Brand value: $ 10.3 billion

MISSIONImprove the life of people through meaningful innovation

VISIONMake world healthier and sustainable through innovation

Products

Personal Care

Domestic Appliances

Health & Wellness

Automotive Lighting

Consumer Luminaires

Professional Lighting Solutions

Imaging Systems

Customer Services

Healthcare Informatics, Solutions &

Services

Health-care

Lighting

Consumer Lifestyle

Innovation –The Heart and Soul of Philips

“Innovation is vital to the strategy of the entire Philips organization and it is the key aspect of how Philips has won

in the past, is winning today, and will win in the future”

Philips have its innovation centres in

Netherlands

India

China

Business System

The way they run the company to deliver on mission and vision.

Designed to ensure that success is repeatable.

International Presence

Issues and Challenges

High Competition

Market Slowdown and Exchange Rate Fluctuations

Breach of Contract

Co-ordination with Stakeholders

Delayed operations from Cleveland unit

Decline in sales of Lighting division