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" I think, going forward, we need to be much more modest on expectations with regard to China growth: That's just being realistic. "
Frans van Houten
Think
Forward
Expectations
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" Great companies need to reinvent themselves. We can do that: we can stay relevant, we can grow, and we can stay successful. It takes courage, but it's a path we've been preparing for carefully. "
Frans van Houten
Path
Great
Courage
" Genomics, Artificial Intelligence, and Deep Machine learning technologies are helping practitioners deliver better diagnosis and actually freeing up time for patient interaction. "
Frans van Houten
Up
Deep
Intelligence
" Lumileds is a highly successful supplier of lighting components to the general illumination, automotive, and consumer electronics markets, with a strong customer base. "
Frans van Houten
Customer
Successful
Strong
" 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. "
Frans van Houten
Change
Society
People
" When you make a courageous statement, people start to follow you, and that's nice. "
Frans van Houten
Nice
Make
Follow
" Changing the ways of governments usually doesn't happen quickly, but time is a luxury the world no longer enjoys. "
Frans van Houten
Changing
Luxury
Happen
" 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
" A siloed approach between suppliers doesn't really help hospitals well enough. "
Frans van Houten
Help
Approach
Enough
" Government should create the environment and incentives to stimulate investment in sustainable innovation, take away barriers, and accelerate adoption, even in turbulent economic times. "
Frans van Houten
Innovation
Government
Environment
" We are addressing duplication and complexity. At the same time, we are investing more in research and development, speeding up the time to market of new innovations, and expanding our sales force in markets where growth is to be found, like Turkey, Russia, the Mideast, China, and southeast Asia. "
Frans van Houten
Growth
Time
Sales
" It is vital that a company's culture shows a willingness to invest in employee wellbeing with no stigma or penalty attached to prioritising good health. "
Frans van Houten
Good
Good Health
Health
" 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. "
Frans van Houten
Growth
Victory
History
" We can only compete in the world against competitors from Asia, the United States, or wherever if we look at unmet needs. "
Frans van Houten
Only
World
Wherever
" There's much unlocked potential in Philips. "
Frans van Houten
Unlocked
Potential
Much
" Price erosion in components is quite fast. If you can capitalize on that by bringing products to the market faster, you will actually gain a better margin realization. "
Frans van Houten
Fast
You
Will
" We undertook a huge internal transformation to sharpen our customer focus, step up innovation, improve productivity to ensure competitiveness, change our culture, and simplify our ways of working so that our size and scale became a competitive advantage rather than a bureaucratic hangover after years of diversification. "
Frans van Houten
Change
Culture
Focus
" Waste does not exist in nature because ecosystems reuse everything that grows in a never-ending cycle of efficiency and purpose. "
Frans van Houten
Efficiency
Nature
Purpose
" In Kenya, e-learning has taught 12,000 nurses how to treat major diseases such as HIV and malaria, compared to the 100 nurses a year that can be taught in a classroom. "
Frans van Houten
HIV
Taught
Treat
" What Philips has to offer to India is to further enhance the state of healthcare for the over billion people in this country. "
Frans van Houten
Over
India
Country
" Philips is uniquely positioned to help reshape and optimize population health management by leveraging big data and delivering care across the health continuum, from healthy living and prevention to diagnosis, minimally invasive treatment, recovery, and home care. "
Frans van Houten
Help
Management
Care
" Government should seek more strategic approaches to developing dynamic, resilient infrastructure. Business must be more creative in offering financing solutions as partners with government, and people must support sustainable innovation as a public policy priority. "
Frans van Houten
People
Support
Innovation
" Having a consumer brand helps us a lot. We will see more ambulatory care, and there will be a lot of new ways to deliver healthcare... and that means consumerism is going to play a bigger role. "
Frans van Houten
New
Brand
Care
" The conventional way of selling products out of the catalogue no longer works; the relationship needs to become more sticky. "
Frans van Houten
More
Become
Relationship
" I remain convinced of the compelling case for connected care. "
Frans van Houten
Case
Care
Connected
" I think of the world as geographical regions, and it excites me to think about the opportunity that Europe can have if we consider it to be the 500-million-people region that it is. "
Frans van Houten
Think
Opportunity
Me
" We typically sell a catheter lab to a hospital, and it sits there for the next 10 years, and we don't visit the cardiologist on a daily basis. Volcano have a disposable business. They are in the cath lab on a daily basis. "
Frans van Houten
Business
Years
Sell
" We have transformed Philips into a focused leader in health technology, delivering innovation to help people manage their health. "
Frans van Houten
Technology
Innovation
Leader
" Poor diet and sedentary behaviour have led to an increase in obesity and lifestyle-related disease and a huge rise in chronic medical conditions. "
Frans van Houten
Obesity
Rise
Poor
" As soon as a disease is diagnosed, we still need someone to deliver the care. "
Frans van Houten
Care
Still
Someone
" Healthcare is a conservative marketplace. "
Frans van Houten
Conservative
Marketplace
Healthcare