Philips reviews

Royal Philips is a 123 year-old sinking Titanic. 2014 was a dismal year and many, many good people lost their jobs. Philips split Lighting division and Healthcare apart. Now the two are the bow and stern of the sinking ship. Both halves will still sink, now only more slowly. Management has never been able to integrate acquisitions into one cohesive organization. The buying spree from the last 20 years has created Silo businesses that can't be managed. Inside of each Silo are other Silos. For example, Sales and Service compete with each other. There's zero focus on solving real customer needs.

People are nice but not as a team. They play safe game and when you challenge they act as if they do not know what you are talking about. CEO is clueless. Strategy changes after every quarter results. All these years, they wasted tons of money calling it "One Philips" and trying to integrate different divisions and now they are again spending double of it to disintegrate the same. There are managers either who doesn't know what they are doing or those who micro manage veterans like college out kids. And there are managers who just believe that there is nothing beyond their knowledge.