Pros
A global company with good technology, good people and good benefits. They support self-development through internal training classes. Unfortunately the talent is wasted because Philips fosters a culture of consensus. Consensus is good but Philips has taken it to a level that paralyzes and stifles the talent that can help Philips become the industry leader.
Cons
In 2 years, I have witnessed 3 reorganizations in one department. Our product development lifecycle process is longer than that. Constantly reorganizing singles reactionary leadership not strategic leadership. The multiple reorganizations have led to a lot of political wrangling and fulfillment of personal agendas that have not benefitted the company. The business group is the only one that is profitable but it could be 4 or 5 times as profitable. The business unit is too risk averse; most decisions are done by committee which increases the length of time to develop an action plan and implement it. Strong decisive leadership is not encouraged.