Philips 2005 Annual Report Download - page 14

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Philips Annual Report 200514
Our scope: healthcare, lifestyle and technology
In a world where technology increasingly touches every
aspect of our daily lives, we are focusing our activities on
the overlapping domains of healthcare, lifestyle and
enabling technology.
Thanks to our combination of consumer insights and
technology know-how, we are well positioned to deliver
the kinds of solutions that will delight consumers and
customers and secure leadership positions in these markets.
We also see tremendous potential for new product/service
categories in the areas where the domains converge.
Our mindset and way of working: One Philips
Inspired by our mission to improve the quality of
people’s lives through the timely introduction of
meaningful technological innovations, and resolved to
exploit the potential outlined above, we have embarked
upon a journey of transformation as fundamental as
anything the company has experienced in its history.
The objective? To create One Philips – a focused,
market-driven company geared to delivering sustained
protablegrowth.
One Philips is all about unlocking synergies. The belief
that by working together we can create more value than
the sum of the parts, … that by working together we can
achieve further growth at the interfaces between the three
domains. In essence, One Philips is a mindset and a way
of working focused on maximizing value creation for the
company and our customers by leveraging our competencies
and resources across the areas of healthcare, lifestyle
and technology.
The One Philips culture is the sum of how we conduct
ourselves, what we believe in, and how we work within
the company and interact with our customers. Delight
Customers, Deliver on Commitments, Develop People
and Depend on Each Other are the values that guide us
in our everyday working lives.
Our company
Innovating to grow
For over 110 years, since our founding as a manufacturer of light bulbs in 1891, our technology has
beensimplifyingandenrichingpeople’slives.Ourinnovationshaveledtosignicantbreakthroughs
in, for example, medical imaging, television, lighting, optical technology and integrated circuits.
Building upon this heritage, we remain committed to applying our understanding of how people
interact with technology to deliver advanced yet user-friendly products and services that meet
people’s everyday needs.
One Philips is a mindset and a way of working focused on maximizing value
creation for the company and our customers by leveraging our competencies
and resources across the areas of healthcare, lifestyle and technology.