intrapreneurship at philips
DESCRIPTION
Presentation given during Intrapreneurship Conference in Barcelona, Dec. 12, 2013.TRANSCRIPT
December 12,2013 Philips Innovation Services 1
Intrapreneurship@Philips
Rob de Graaf Philips Innovation Services
December 12, 2013
December 12,2013 Philips Innovation Services 2
Philips: A strong diversified industrial group leading in health and well-being
Royal Philips
Businesses Geographies
Healthcare Consumer Lifestyle
Lighting North America
Other Mature Geographies
31% 8% 36%
Growth Geographies3
43%
€23.5 Billion
Sales in 2012. Portfolio consists of ~70% B2B businesses
114,000+ People employed worldwide in over 100 countries
20% 37%
Since 1891 Headquarters in Amsterdam, the Netherlands
8% of sales
invested in R&D in 2012 59,000 patent rights, 35,000 trademark rights, 81,000 design rights
Western Europe
25%
$9.8 Billion
Brand value in 2013
December 12,2013 Philips Innovation Services 3
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
Improving people’s lives through meaningful innovation
At Philips we strive to make the world healthier and more sustainable through innovation
December 12,2013 Philips Innovation Services 4
Healthcare Consumer Lifestyle
Lighting Philips Group Innovation
Philips Innovation Services Position in Philips
Non-Philips Customers
Royal Philips
IP&S
Research
Incubators
Philips Innovation
Services
December 12,2013 Philips Innovation Services 5
Philips is in transition: Accelerate!
December 12,2013 Philips Innovation Services 6
Intrapreneurship is key Delivering more breakthrough innovations more quickly
• Behaviors – Take ownership – Resource to win – Team up to excel
• Ventures – Fund great ideas – Find out business viability quickly – Spin out, spin in
• Emerging Business Areas – “To boldly go where no one had gone before” – Build on Open Innovation capabilities – Stretch Senior Executives
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And it does deliver Meethue.com
December 12,2013 Philips Innovation Services 8
But we are not there yet Regular business needs to speed up as well
• Stronger Strategic Focus – Knowing where we want and need intrapreneurship
• Better Succession Planning – Getting intrapreneurs deeper into the regular business
• Smarter processes – Giving room to intrapreneurial ways of working
• Simpler tooling – Supporting intrapreneurs with efficient and effective ICT
• Easier Governance – Fitting intrapreneurs in corporate structure
December 12,2013 Philips Innovation Services 9
Thank you