Philips 2010 Annual Report Download - page 101

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6 Sector performance 6.4 - 6.4.1
Annual Report 2010 101
6.4 Group Management & Services
In 2010 we continued to shift resources to emerging markets,
expanding our commercial and industrial footprint, increasing our
innovation and sourcing capabilities, and developing local
competences and talent.” Gottfried Dutiné, Member of the Board of Management
6.2%
R&D spend as a % of sales 33%
of sales from emerging markets 45%
of employees located in 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
Introduction
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
shared business services for purchasing, finance, human
resources, IT, real estate and supply are reported in this
sector.
6.4.1 Corporate Technologies
Corporate Technologies feeds the innovation pipeline,
enabling its business partners – the three Philips operating
sectors and external companies to create new business
options through new technologies, venturing and
intellectual property development, improve time-to-
market efficiency, and increase innovation effectiveness
via focused research and development activities.
Corporate Technologies encompasses Corporate
Research, the Incubators, Intellectual Property &
Standards (IP&S), the Philips Innovation Campus as well as
Applied Technologies. In total, Corporate Technologies
employs about 3,900 professionals around the globe.