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" Our myopic focus on producing and consuming as cheaply as possible has created a linear economy in which objects are briefly used and then discarded as waste. "

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" The conventional way of selling products out of the catalogue no longer works; the relationship needs to become more sticky. "

Frans van Houten

Become

Relationship

" There's much unlocked potential in Philips. "

" Tech can help population health, make health more accessible, more affordable. Tech can also get people get more included in the economy and contribute and drive growth, and growth and wealth are great contributors to a safer world. "

" We have transformed Philips into a focused leader in health technology, delivering innovation to help people manage their health. "

" 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. "

" If we are to ensure that healthcare remains affordable and widely available for future generations, we need to radically rethink how we provide and manage it - in collaboration with key health system partners - and apply the technology that can help achieve these changes. "

" Compassion, together with contractual responsibility for one's workforce, is a mark of a top employer. "

" A siloed approach between suppliers doesn't really help hospitals well enough. "

" 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. "

" If we are going to get a grip on escalating costs, we have to focus more on prevention rather than acute care. Technology can help us do that. "

Frans van Houten

Technology

" Healthcare is a conservative marketplace. "

" The shift in demand is toward partners that can improve productivity, and in part, that can be done by software. "

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

" 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. "

" 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. "

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

" I came back to Philips and quickly realised that the TV business had a major performance issue and some structural challenges. Rather than try to tweak it and sit things out, we said we had to go for a structural solution. "

" We started experimenting with television in 1928. For a lot of people, Philips has a lot to do with TV. "

" 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. "

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

" 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. "

" Time may not be on our side, but innovation is. "

" As humans, we've always innovated our way out of problems, whether it was the first torch to light a dark cave or the steam engine that sparked a revolution. "

" It has not escaped us that other competitors have also identified health as an attractive marketplace. "

" In the back of my mind was the nagging discussion: where do we take the portfolio? You can get rid of TV, fine, but then you are in lighting and in health, and those don't have a lot to do with each other. "

" 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. "

" 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. "

" By innovating and investing in health technology, we believe that we can really change the future of health. "

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

" Meaningful innovation can be an important catalyst in encouraging resilience in seniors, keeping them independent and engaged. "