2.0
Aug 25, 2011
Lack of clear strategy and execution bogged down by decision making process
Anonymous employee
Current employee
Eindhoven
Recommend
CEO approval
Business Outlook
Pros
Some islands exist in the company with really smart, hard working people. Also, some really innovative, promising technologies being developed. As a results, now and again Philips surprises with a hit in spite of itself. If you can get hired into one of these islands - go for it!
Cons
Strategy seems to oscillate and company does not have obvious synergies between 3 disparate businesses; not a risk-taking culture, usually a fast-follower, lack of accountability and difficulty in firing people means some "dead wood" at the company, decision making can be slow and political process.