Philips 2008 Annual Report Download - page 75

Expand presence in emerging markets
In 2008, Philips strengthened its presence in emerging
markets by acquiring the following businesses: India-
based Alpha X-Ray Technologies, a leading manufacturer
of cardiovascular X-Ray systems targeting the economy
segment of the Indian market; Brazil-based Dixtal
Biomédica e Tecnologia, a manufacturer of in-hospital
patient monitoring, anesthesia, ventilation equipment
and electrocardiographs (ECG) as well as other sensors
for vital sign measurements; and Chinese patient
monitoring company Shenzhen Goldway, Inc., which
brings a strong portfolio of economy- and mid-range
patient monitors. Toward the end of the year, Philips
announced the acquisition of India-based Meditronics,
a leading manufacturer of general X-ray systems for
the economy segment in India.
Cultivate leadership talent and recognize
and reward top talent
In 2008, we further strengthened our focus on
developing key leadership talent within Philips
Healthcare. We have achieved our objective to
identify and attract more than 30 new ‘top potentials’
to our talent pool. We also continued to enable
personal development through stretch assignments
and broadening experiences (86% of all moves of top
potentials in 2008 were to a new function, new
business or new country). In addition, Healthcare
launched the new career compass which transparently
lays out the career paths for our key leadership talent
depending on a choice to grow in either a functional
area or develop on a general management track.
We have also achieved our 2008 target of having
15% of the Philips Healthcare executive pool comprised
of females, up from 9% in 2004 when this goal was set.
Furthermore, we have strengthened our focus on talent
inflow and leadership development in our emerging
markets, which will be one of the main focus areas
to successfully enable our growth plans.
Healthcare also continued year-over-year improvement
in employee engagement and leadership. Employee
engagement improved to 67% favorable, from 64% in
2007, only three points off the external benchmark for
high-performing companies. Our index measuring the
leadership effectiveness of managers – as perceived
by employees – also showed another year of strong
improvement with 68% favorable, up five points
from 2007.
Deliver on care cycle solutions from the hospital
to the home
Cardiology
Philips’ cardiology solutions help simplify diagnosis,
treatment and monitoring of a range of cardiac
conditions. We simplify and reduce time to treatment
for heart-attack victims, with innovative, time-saving
offerings that span from discovery – whether in the
field by a paramedic or in the emergency department
by a clinician – to treatment in the catheterization lab.
With our advanced 16-lead ECG, unique 3D ultrasound
visualization, vivid computed tomography (CT) scans,
and IT workflow solutions we provide efficient and
timely triage for chronic cardiac patients. And by
enabling surgeons to view live 3D ultrasound scans of
the beating heart, we assist in procedure planning and
help reduce the need for invasive valve replacement.
Children’s hospital of the future
In 2008 Disney Children’s Hospital at Florida Hospital
announced its intention to be a model for patient
experience that is truly dedicated to the well-being
of children. One of the keystones of this visionary plan
is the creation of a dedicated children’s emergency
department, the first of its kind in the United States to
feature Ambient Experience Design solutions from Philips.
Areas throughout the department will incorporate
captivating and comforting lighting and design
elements to provide calming, positive assurances to
young patients and their families. Patient treatment
rooms will offer animation
selections on the ceiling
accompanied by soft lighting and music, allowing ‘escapes’
to areas such as the beach or mountains.
15
years in a row
leadership in
ultrasound service
Philips Annual Report 2008 75
122
Performance statements
114
Supervisory Board report
110
Our leadership
94
Risk management
70
Our sector performance
Healthcare