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First I apologize for writing in English …

I am under the impression that Philips lost its way because they paid too much attention to the stock market and not enough attention to other stakeholders. That probably also make them more susceptible to management fads. You know, like a ship being lure by siren songs and going into strategic drift.

Perhaps the TV division should have been sold sooner. If the corporate parent thinks that a certain business line is dragging him down, he may not be able to make the best decision for it. Besides, the condition of TV industry is perfect for disruptive innovations to arrive, isn’t it? TVs are offering features that less and less people are willing to pay for…

Anyhow, nothing wrong with selling business lines, as long as the corporate parent doesn’t sell the business or product line to buyers who will destroy the value of the business or product line. The corporate parent should not forget that they are not just selling a business line, but also the people who go with it. Maybe this should be included in a company´s CSR policy.

Hello Yanhoon,

Thanks for your comments. My impression (as an outsider) is that Philips is an organization that responds sluggishly to market changes and is riddled with bureaucracy. This is why the Company seems to move from one crisis to another. This impression is based on numerous visits to various Philips locations and talks with many people inside Philips and the industry. I do not think lack of attention to stakeholders other than stockholders is the problem here. Philips is very committed to lowering the environmental impact of their supply chain for instance.

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