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" Engagement with young people is always a refreshing break with routine. It's also a reminder of how we need to constantly keep our thinking agile and unencumbered by traditional rules. "

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" We are very optimistic about our opportunities in China. Our toothbrushes continue to sell very well, while the growth of private hospitals diminishes the risk of government preferring domestic suppliers. "

Frans van Houten

Risk

Government

Opportunities

" Philips is committed to the circular economy and is applying its principles throughout the organization. We are redesigning our products and looking at ways to capture their residual value. "

" Sometimes that Dutch consensus approach doesn't move you forward fast enough. "

" City farming is not only possible, it is the very definition of the kind of meaningful, sustainable innovation we will need to meet the grand challenges of the 21st century: climate change; population growth; ageing population; urbanization; rising demand for energy, food and water; poverty; and access to healthcare. "

" Even though we live in a fast-changing world with short term-ism all around, it requires years of determination to transform a company and structurally reap the rewards. Innovation companies need to set their sights on solving unmet needs - but this approach requires focus and long-term tenacity. "

" We can only compete in the world against competitors from Asia, the United States, or wherever if we look at unmet needs. "

" The traditional way that society looks at healthcare is to let people get terribly sick and then have an emergency room to take care of them and spend a lot of money on acute care for people who would have been kept out of hospital in the first place if they had had a lifestyle change. "

" Minimally invasive surgery is the way forward: the patient goes home the next day; there are fewer complications. "

Frans van Houten

Day

Home

" Poor diet and sedentary behaviour have led to an increase in obesity and lifestyle-related disease and a huge rise in chronic medical conditions. "

" Like all major transitions in human history, the shift from a linear to a circular economy will be a tumultuous one. It will feature heroes and pioneers, naysayers and obstacles, and moments of victory and doubt. If we persevere, however, we will put our economy back on a path of growth and sustainability. "

" Sustainable solutions based on innovation can create a more resilient world only if that innovation is focused on the health and well-being of its inhabitants. And it is at that point - where technology and human needs intersect - that we will find meaningful innovation. "

" Perhaps sooner than we think, African innovations will help the rest of the world create lasting social and economic value. "

" I am pleased with the response of investors towards Philips Lighting and the successful pricing of the I.P.O. This strategic milestone will allow Royal Philips to focus on the fast-growing health technology market. "

" Growing and aging populations are putting increased pressure on health-care systems that are already buckling under the burden of chronic diseases like cancer and diabetes. "

Frans van Houten

Pressure

Growing

" Lumileds is a highly successful supplier of lighting components to the general illumination, automotive, and consumer electronics markets, with a strong customer base. "

" First and foremost, we must take a more holistic view of patient care journeys and then better integrate workflows and technology so that the care experience is seamless and provided at the location where it makes most sense. "

Frans van Houten

Care

Technology

" To become the global leader in HealthTech and shape the future of the industry, we will combine our vibrant Healthcare and Consumer Lifestyle businesses into one company. "

" Healthy people are not very motivated to manage their health. They just don't care. "

" The computer can do a much better job than the human eye, as it is much more systematic in analysing tissues. "

Frans van Houten

Human

Job

" In the Asian marketplace, we need to come out with products every nine months, not every two years. "

" Our health underpins our happiness and is a foundation of economic advancement. "

" When I became CEO, I was really worried that we were in commoditized segments that were mature and no longer growing. So we made a radical pivot into health technology because that is one of the world's unmet needs. "

" At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs. "

" Insurers reimburse critical care, not the avoidance of incidents. Therefore, investments are not targeted towards prevention. "

" The agreement to acquire Volcano significantly advances our strategy to become the leading systems integrator in image-guided therapies. "

" When you make a courageous statement, people start to follow you, and that's nice. "

Frans van Houten

Nice

Make

" Concerns about the possible side-effects of connected care are swept aside by the expectations of the benefits when people are confronted with a chronic disease themselves. Resistance that could be privacy-related completely disappears. "

" With access to professional coaching and support around the clock, patients will feel more empowered to manage their own physical wellbeing. "

" Indeed, the Fourth Industrial Revolution will greatly lead to increased consumer health awareness and self-management and will enable individualized treatment pathways supported by tele-health care and coaching. "

" We can squabble between the siblings in Europe and not be very productive and then see China and the U.S. win over the European region. Or - and this is my preferred choice - we team up together and are the strong region that we want to be, using each others' strengths and building on our commonalities to become the smartest region in the world. "