Healthcare today is being reshaped by digitization, changing demographics, sustainability and more. It’s a whole new world. The developments in healthcare have also inspired some dramatic transformations among industry players. At Philips, the shift is seismic. If you still have the idea that it’s a consumer products conglomerate manufacturing lights bulbs and TVs, you’ll be astonished. The company has changed so much that you might no longer recognize it.
With a higher-purpose mission to improve three billion lives a year by 2030, we are now squarely focused on health and wellbeing. And committed to making healthcare accessible, affordable and manageable for billions of people worldwide. In reinventing itself, Philips was able to breathe new life into a legacy business to create a future that sees a profound transformation in patient care, treatments and outcomes. Harvard Business Review recently recognized us among the top 20 global companies that have achieved the highest-impact business transformations over the past decade. Among other things, success has been attributed to a culture that embraces “the purpose-driven mission of preventative healthcare.” It has helped guide strategic decisions while giving clarity to everyday tasks. Check out the infographic to discover some more eye-opening facts about Philips that might surprise you!
