Philips 2009 Annual Report Download - page 100

5.5 Group Management & Services
“The global economic crisis has underlined the importance of
innovation and emerging markets for Philips’ future growth. In
2009 we continued to develop dedicated competences and local
talent, as well as shifting resources to these markets.”
Gottfried Dutiné, Member of the Board of Management
7.0% R&D spend as
a % of sales 43% of employees located in emerging markets
30% of sales from
emerging markets
Philips’ performance by market cluster is based on
the following:
• Emerging markets, including key markets in
China, India, and Latin America and other
markets including Central and Eastern Europe,
Russia, Ukraine and Central Asia, the Middle
East and Africa, Turkey and ASEAN zone
• Mature markets, including Western Europe,
North America, Japan, Korea, Israel, Australia
and New Zealand.
5.5.1 Introduction
For 2009, the activities of the former Innovation &
Emerging Businesses sector and of Group Management &
Services are reported under one reporting segment:
Group Management & Services.
Group Management & Services comprises the activities of
the corporate center including Philips’ global management
and sustainability programs, country and regional
management costs, and costs of pension and other
postretirement benefit plans, as well as Corporate
Technologies, Corporate Investments, New Venture
Integration and Philips Design. Additionally, the global
5 Our sector performance 5.5 - 5.5.1
100 Philips Annual Report 2009