Outline of the philosophy of management that is effective in Philips

The main objectives of an international group are outlined, for operations in the market sector of light electrical and electronic products. They include adequate return on capital, stability of employment, harmony with local cultural patterns, and technical excellence achieved by high and continuous investment in technology and research. Management development is important and is now wider-ranging than before. Careers should start with a specialised functional job done well, then confrontation with outside problems, and development of international relationships. Each manager must recognise people with potential and develop them. Senior managers should be involved in the evaluation process and provide growth opportunities, including international postings. The Group has a commitment to consensus mangement, coupled with initiatives by self-motivated individuals.