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" Our health underpins our happiness and is a foundation of economic advancement. "
Frans van Houten
Foundation
Happiness
Health
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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. "
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" Perhaps sooner than we think, African innovations will help the rest of the world create lasting social and economic value. "
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" 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. "
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" 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. "
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" When you try to master the emotions of a decision and say, if you're 50 years from now and you look back, 'Did we take the right decisions?' Then the decision becomes a lot easier. "
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" 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. "
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Organization
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" Genomics, Artificial Intelligence, and Deep Machine learning technologies are helping practitioners deliver better diagnosis and actually freeing up time for patient interaction. "
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" 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. "
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Change
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" We started experimenting with television in 1928. For a lot of people, Philips has a lot to do with TV. "
Frans van Houten
Television
Started
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" Healthcare is a conservative marketplace. "
Frans van Houten
Conservative
Marketplace
Healthcare
" Lumileds is a highly successful supplier of lighting components to the general illumination, automotive, and consumer electronics markets, with a strong customer base. "
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Customer
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" By innovating and investing in health technology, we believe that we can really change the future of health. "
Frans van Houten
Health
Change
Future
" If we are to ensure that health care remains affordable and widely available for future generations, we need to rethink radically how we provide and manage it. "
Frans van Houten
Health Care
Care
Future
" Crucially, healthcare needs to become connected. It should become effortless for medical professionals to share relevant data with colleagues around the world. Medical devices and systems in hospitals should be able to combine multiple sources of information. "
Frans van Houten
Colleagues
Medical
World
" 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
" It has not escaped us that other competitors have also identified health as an attractive marketplace. "
Frans van Houten
Other
Health
Escaped
" There's much unlocked potential in Philips. "
Frans van Houten
Unlocked
Potential
Much
" 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
" The shift in demand is toward partners that can improve productivity, and in part, that can be done by software. "
Frans van Houten
Software
Improve
Done
" You need to dismount when your horse is dead. What was relevant 20 years ago is no longer relevant today. Therefore, you need to reinvent yourself. "
Frans van Houten
Dead
Need
Today
" 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. "
Frans van Houten
Leader
Future
Healthcare
" Certain product categories become less attractive for us because, as they become mature, they become low-cost, and hence, there is less to invent. There is less to invent in a television, whereas in heath technology, there is a lot to invent. So we wanted to put our innovative power to work where it really matters. "
Frans van Houten
Technology
Us
Work
" 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
" 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. "
Frans van Houten
Technology
Royal
Focus
" Light is one of the basic areas that will give you comfort, but it is undergoing a technological revolution in moving from conventional lighting to semiconductor-based lighting, and as it does that, it is becoming intelligent with the transition from analogue to digital. "
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Revolution
Comfort
Light
" 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. "
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World
Made
Health
" Healthy people are not very motivated to manage their health. They just don't care. "
Frans van Houten
Care
Health
People
" 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. "
Frans van Houten
Rules
Thinking
People
" We invented television and stuck with it for 50 years, and then I decided to get out of that. I would like people to know that we are broader than consumer electronics. "
Frans van Houten
Television
Like
Years
" We can't think in terms of designing products that we throw over the wall to customers, but instead, we need to design products that are upgradable and maintainable and that can be mined for materials and components that can be reused. "
Frans van Houten
Wall
Throw
Think