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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. "
Frans van Houten
Emotions
Decision
Look
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" Time may not be on our side, but innovation is. "
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" 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. "
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" 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. "
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" At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs. "
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" Healthy people are not very motivated to manage their health. They just don't care. "
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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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" You can't have a single design for all cities. The look and feel of the streetlights are very important. "
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" In the Asian marketplace, we need to come out with products every nine months, not every two years. "
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Need
" 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. "
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" What Philips has to offer to India is to further enhance the state of healthcare for the over billion people in this country. "
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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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Health
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" 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. "
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Business
Challenges
Performance
" Minimally invasive surgery is the way forward: the patient goes home the next day; there are fewer complications. "
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Day
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" Our health underpins our happiness and is a foundation of economic advancement. "
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Foundation
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Health
" Sometimes that Dutch consensus approach doesn't move you forward fast enough. "
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Forward
Fast
Enough
" Changing the ways of governments usually doesn't happen quickly, but time is a luxury the world no longer enjoys. "
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Changing
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" 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
Company
Down
Time
" The entire dynamics of the lighting market are changing. Value is moving toward systems and services. "
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Value
Lighting
Changing
" 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. "
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Think
Opportunity
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" Thanks to the digital and big data revolution, we can start to do what was previously unthinkable - to improve patient outcomes and lower healthcare costs while delivering personalized care to each individual. "
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Care
Data
Digital
" We can only compete in the world against competitors from Asia, the United States, or wherever if we look at unmet needs. "
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Only
World
Wherever
" 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
Successful
Strong
" 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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Technology
Royal
Focus
" 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. "
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Leader
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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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Care
Expectations
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" The computer can do a much better job than the human eye, as it is much more systematic in analysing tissues. "
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Human
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" Our strategy is focused on driving better outcomes for patients and higher productivity for hospitals. "
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Strategy
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" There's much unlocked potential in Philips. "
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Unlocked
Potential
Much
" First and foremost, we must take a more holistic view of patient care journeys and then better integrate workflows and technology so that the care experience is seamless and provided at the location where it makes most sense. "
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Care
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" 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