The Philips Story
The foundation of the world's biggest electronics company were laid in 1891 when Gerald Philips established a company in Eindhoven, the Netherlands, to manifacture light bulbs and other electrical products. In the beginning it concentrated on making carbon-filament lamps and by the turn of the century was one of the largest producers in Europe. Developments in new lighting tehnologies fuelled a steady programme of expansion and, in 1914, it establish a reaearch laboratory to stimulate product innovation.
In the 1920s, Philips decided to protect its innovations in X-ray radiation and radio reception with patents. This Marked the beginning of the diversification of its product range. Since then, Philips has continued to develop new and exciting product ideas like the compact disc, which it launched in 1983. Over interesting landmarks include the production of Philips' 100-millionth TV set in 1984 and 250-millionth Philishave electrict shaver in 1989.
Philips'headquartes are still in Eindhoven. It employs 256 400 people all over the world, and has an impressive global network of somr 400 designers spread over twenty-five locations. Its shares are listed on sixteen stock exchanges in nine countries and it is active in about 100 businesses including lighting monitors, shavers and colour picture tubes; each day its factories turn out total of 50 million integrated circuits.
Royal Philips Electronics in managed by the Board of Management, which looks after the general direction and long-term strategy of the Philips group as a whole. The Supervisory Board monitors the general course of business of the Philips group as well as advising the Board of Management and supervising its policies. These policies are implemented by the Group Management Committee, which consist of the members of the Board Management, chairman of most the prodct divisions and some other key officers. The Group Management Committee also serves to ensure that business issues and practices are shared across the various activities in the group.
The company creed is ' Let's make things better'. It is committed to making better products and systems and contributing to improving the quality of people's work and life. One recent example of this is its ?Genie mobile phone'. To dial a number you just have to say it aloud. Its Web TV Internet terminal brings the excitement of cyberspace into the kiving room. And of travels around the world, whenever passing the Eifel Tower in Paris, walking across London's Tower Bridge, or witnessing the beauty of the ancient pyramids of Giza, you don't have to wonder any more who lit these world famous landmarks, it was Philips.