Intrapreneurship at Philips

December 12,2013 Philips Innovation Services 1

Intrapreneurship@Philips

Rob de Graaf Philips Innovation Services

December 12, 2013


Philips: A strong diversified industrial group leading in health and well-being

Royal Philips

Businesses Geographies

Healthcare Consumer Lifestyle

Lighting North America

Other Mature Geographies

31% 8% 36%

Growth Geographies3

43%

€23.5 Billion

Sales in 2012. Portfolio consists of ~70% B2B businesses

114,000+ People employed worldwide in over 100 countries

20% 37%

Since 1891 Headquarters in Amsterdam, the Netherlands

8% of sales

invested in R&D in 2012 59,000 patent rights, 35,000 trademark rights, 81,000 design rights

Western Europe

25%

$9.8 Billion

Brand value in 2013


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

Improving people’s lives through meaningful innovation

At Philips we strive to make the world healthier and more sustainable through innovation


Healthcare Consumer Lifestyle

Lighting Philips Group Innovation

Philips Innovation Services Position in Philips

Non-Philips Customers

Royal Philips

IP&S

Research

Incubators

Philips Innovation

Services


Philips is in transition: Accelerate!


Intrapreneurship is key Delivering more breakthrough innovations more quickly

• Behaviors – Take ownership – Resource to win – Team up to excel

• Ventures – Fund great ideas – Find out business viability quickly – Spin out, spin in

• Emerging Business Areas – “To boldly go where no one had gone before” – Build on Open Innovation capabilities – Stretch Senior Executives


And it does deliver Meethue.com


But we are not there yet Regular business needs to speed up as well

• Stronger Strategic Focus – Knowing where we want and need intrapreneurship

• Better Succession Planning – Getting intrapreneurs deeper into the regular business

• Smarter processes – Giving room to intrapreneurial ways of working

• Simpler tooling – Supporting intrapreneurs with efficient and effective ICT

• Easier Governance – Fitting intrapreneurs in corporate structure


Thank you