Philips 2013 Annual Report Download - page 25

4. Our business system
Ensuring success
is repeatable
The Philips Business System is the way
we run our company to deliver on our
mission and vision. It is designed to
ensure that success is repeatable, i.e.
that we create value for our
stakeholders time after time.
Mission
Vision
Guiding statement
Philips CAPs
Our unique strengths
Philips
Group Strategy
Where we invest
Philips
Excellence
How we operate
Philips Path to Value
What we deliver
Group Strategy: We manage
our portfolio with clearly
defined strategies and allocate
resources to maximize value
creation.
CAPs: We strengthen and
leverage our core Capabilities,
Assets and Positions as they
create dierential value: deep
customer insight, technology
innovation, our brand, global
footprint, and our people.
Excellence: We are a learning
organization that applies
common operating principles to
deliver Philips Excellence.
Path to Value: We define and
execute business plans that
deliver sustainable results
along a credible Path to Value.
5. Our people
Engaged
employees crucial
for success
We need all our people collaborating
eectively – in a diverse and inclusive
environment, where they can grow and
fulfill their ambitions. Engagement
supports our culture of growth and
performance improvement, reinforcing
our goal of being the best place to work
for people who share our passion.
2013 Employee Engagement Survey
% positive
75
2013
72
High-
performance
benchmark
80
70
0
75
Annual Report 2013 25