Philips 2011 Annual Report Download - page 77

6 Sector performance 6.4 - 6.4
Annual Report 2011 77
6.4 Group Management & Services
“In 2011 we streamlined our Research and Innovation Services
organization and continued the build-up of innovation
capabilities in growth geographies.”
Jim Andrew, Chief Strategy & Innovation Officer
Philips’ performance by geographic cluster is based on the
following:
• Growth geographies, including 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 geographies, including Western Europe, North
America, Japan, South 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, Philips Design, Corporate Investments and
New Venture Integration. Additionally, the global shared
business services for purchasing, finance, human
resources, IT, real estate and supply are reported in this
sector. As of January 1, 2012, Corporate Technologies,
New Venture Integration and Design will be merged to
create a new entity within Group Management & Services,
called Philips Group Innovation.
Group Management & Services plays an important role in
the Accelerate! program, notably by helping to improve
the end-to-end value chain. The End to End approach
consists of three core processes: Idea to Market, Market
to Order, and Order to Cash. Group Management &
Services supports Idea to Market in five focal areas: Speed
up time to market, Portfolio optimization, Driving
breakthrough innovation, Improving innovation
competences, and Restoring the image of Philips as an
innovation leader.