Philips 2014 Annual Report Download - page 62
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Sector performance 6.4
62 Annual Report 2014
6.4 Innovation, Group & Services
“ In 2014, we continued to strengthen our innovation process,
becoming much more ecient, eective and faster. We are
improving our ability to innovate end-to-end and increasing
our focus on digital innovation. By using technology, data
and algorithms we are making our innovations even more
relevant and meaningful for people on an individual level.”
Jim Andrew, Chief Innovation & Strategy Ocer
• Philips Research celebrated its 100th anniversary in
2014 – a century-long track record of innovations
that improved the world.
• Philips established its Africa Innovation Hub in
Nairobi, Kenya, enabling the co-creation of locally
relevant solutions, business models and partnerships
to address key challenges in the continent.
• Philips rose to number 3 global position of patent
applicants at the European Patent Oce.
• For Philips Design, 2014 was a record-breaking year
with 137 design awards.
Introduction
Innovation, Group & Services comprises the activities of
Philips Group Innovation, Group headquarters,
including country and regional management, and
certain costs of pension and other post-retirement
benet plans. Additionally, the global shared business
services for procurement, nance, human resources, IT
and real estate are reported in this sector.
6.4.1 About Innovation, Group & Services
Philips Group Innovation
At Philips, our innovation eorts are closely aligned
with our business strategy. Philips Group Innovation
(PGI) feeds the innovation pipeline, enabling its
business partners – the Philips operating businesses –
to create new business options through new
technologies, new business creation, and intellectual
property development. Focused research and
development improvement activities drive time-to-
market eciency and increased innovation
eectiveness.
PGI boosts innovation from idea to product as co-
creator and strategic partner for the Philips businesses
and complementary Open Innovation ecosystem
partners. It does so through cooperation between
research, design, marketing, strategy and businesses in
interdisciplinary teams along the innovation chain, from
front-end to rst-of-a-kind product development. In