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" 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

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" I remain convinced of the compelling case for connected care. "

" Our strategy is focused on driving better outcomes for patients and higher productivity for hospitals. "

" You can't have a single design for all cities. The look and feel of the streetlights are very important. "

" 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. "

" 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. "

" 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

Deep

Intelligence

" 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. "

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

" As soon as a disease is diagnosed, we still need someone to deliver the care. "

" 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. "

" Health care has to be delivered as an integrated service across the entire continuum of care. This runs from healthy living and prevention to diagnosis and treatment and recovery and homecare. "

" If we can keep you healthy, that is better. If you fall sick, you go to the hospital. Both sides, Philips is present. "

Frans van Houten

You

Healthy

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

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

" In an aging world with more chronic disease, health and healthcare are enormous opportunities that we want to focus on. "

" 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

" The global healthcare industry is undergoing a paradigm shift, providing significant opportunities for Philips to deliver more integrated solutions across the continuum of care - from prevention, diagnosis, and treatment to monitoring and aftercare. "

Frans van Houten

Care

Healthcare

" 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. "

" 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. "

" 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

Work

" 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. "

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

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

" 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. "

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

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

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

" I think, going forward, we need to be much more modest on expectations with regard to China growth: That's just being realistic. "

" 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. "