We have what it takes to be a great company, fit for the demands of the 21st century – a compelling mission and vision, a clearly defined strategic direction, and, increasingly, a culture of high performance.
Our rich heritage
A born innovator
Philips was founded in Eindhoven, Netherlands, in 1891 by Frederik and Gerard Philips – later joined by Gerard’s brother Anton – to “manufacture incandescent lamps and other electrical products”. For the 120-plus years since then, we have been improving people’s lives with a steady flow of ground-breaking innovations.
Today, we are building upon this rich heritage as we touch billions of lives each year with our innovative healthcare and lighting solutions and our personal health and well-being products.
What we aspire to
At Philips, we strive to make the world healthier and more sustainable through innovation.
Our goal is to improve the lives of 3 billion people a year by 2025.
We will be the best place to work for people who share our passion.
Together we will deliver superior value for our customers and shareholders.
Responding to global challenges
With our understanding of many of the longer-term challenges our world faces, we see major opportunities to apply our innovative competencies and create value for our stakeholders.
We see a growing need for health care
The world’s population aged 60 years and older
We see increased focus on personal well-being
Well-being of people around the world
Only 62% of people around the globe rate their current state of health and well-being as “good” or “very good”.
We see rising demand for energy-efficient solutions
The world’s electricity consumption
Average saving we can make by switching to energy-efficient lighting solutions40%
Through some 40 businesses we apply our deep knowledge of customers, outstanding innovation capabilities, strong brand, global footprint and talented and engaged people – often in value-adding partnerships – to provide solutions that address these needs and challenges and make the world healthier and more sustainable.
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.
Engaged employees crucial for success
We need all our people collaborating effectively – 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.
Find out more about the scale and location of our activities throughout the world.