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

Frans van Houten

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" 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. "

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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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" 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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" 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. "

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

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

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

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" 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. "

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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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" 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. "

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

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

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

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" Healthcare continues to move outside the hospital and into our homes and everyday lives. With leading doctors and psychologists, for example, we've developed personal health programs designed around patients to catalyze sustainable behavioural change. "

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

Frans van Houten

" I've always flagged that it will take some time to gradually sell down our interest in lighting and basically pivot to be a medtech company focused entirely on health technology. "

Frans van Houten

" 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

" 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. "

Frans van Houten

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

Frans van Houten

" 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. "

Frans van Houten

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

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

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

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" Changing the ways of governments usually doesn't happen quickly, but time is a luxury the world no longer enjoys. "

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" 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. "

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" 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. "

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" Employers can assist employees in looking after their health by giving guidance on energy management, sleep and healthy eating, working relationships, and helping maintain a sense of purpose at work. "

Frans van Houten