Intrapreneurship at Philips

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Presentation given during Intrapreneurship Conference in Barcelona, Dec. 12, 2013.

Presentation given during Intrapreneurship Conference in Barcelona, Dec. 12, 2013.

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  • 1. Intrapreneurship@Philips Rob de Graaf Philips Innovation Services December 12, 2013 1 December 12,2013 Philips Innovation Services
  • 2. Philips: A strong diversified industrial group leading in health and well-being Royal Philips Businesses Geographies Healthcare Consumer Lifestyle Lighting Western Europe North America Other Mature Geographies Growth Geographies3 43% 20% 37% 25% 31% 8% 36% Since 1891 114,000+ $9.8 Billion 8% of sales Headquarters in Amsterdam, the Netherlands 2 €23.5 Billion Sales in 2012. Portfolio consists of ~70% B2B businesses People employed worldwide in over 100 countries Brand value in 2013 invested in R&D in 2012 59,000 patent rights, 35,000 trademark rights, 81,000 design rights December 12,2013 Philips Innovation Services
  • 3. At Philips we strive to make the world healthier and more sustainable through innovation We will be the best place to work for people who share our passion 3 Together we will deliver superior value for our customers and shareholders Improving people’s lives through meaningful innovation December 12,2013 Philips Innovation Services
  • 4. Philips Innovation Services Position in Philips Royal Philips Consumer Lifestyle Lighting Healthcare Philips Group Innovation Incubators Research IP&S Philips Innovation Services 4 December 12,2013 Philips Innovation Services Non-Philips Customers
  • 5. Philips is in transition: Accelerate! 5 December 12,2013 Philips Innovation Services
  • 6. 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 6 December 12,2013 Philips Innovation Services
  • 7. And it does deliver Meethue.com 7 December 12,2013 Philips Innovation Services
  • 8. 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 8 December 12,2013 Philips Innovation Services
  • 9. Thank you 9 December 12,2013 Philips Innovation Services