In 2011 we set out on our Accelerate! journey of change and performance improvement. Designed to transform Philips into an agile and entrepreneurial company, Accelerate! is all about delivering meaningful innovation to our customers in local markets – and doing so in a fast and efficient way.
The program has three main thrusts:
- transform to address underperformance
- expand global leadership positions
- initiate new growth engines
We are now in the fifth year of this transformation process, and our Path to Value is clearly mapped out: