Mission and Vision by Philips

[sunandaC]

INTRODUCTION

Philips was success since its inception, but it faces poor financial performance during the 1990s due to the following reasons :
High manufacturing costs

Lack of competitive product price

Growing competition and

Rapid changes in the external environment.

Philips embarked an improvement program called BEST (Business Excellent through Speed and Teamwork). And also used several tools and approaches as a part of BEST.

Some of them were :

Philips Business Excellence Model (PBE)

Process Survey Tolls (PST)

Balanced Scorecard (BSC)


Mission

To improve the quality of the people’s living trough the timely introduction of meaningful innovations.

Vision

Leading solution provider inn areas of healthcare,lifestyle and enabling technology

 

[jiten005]

INTRODUCTION

Philips was success since its inception, but it faces poor financial performance during the 1990s due to the following reasons :
High manufacturing costs

Lack of competitive product price

Growing competition and

Rapid changes in the external environment.

Philips embarked an improvement program called BEST (Business Excellent through Speed and Teamwork). And also used several tools and approaches as a part of BEST.

Some of them were :

Philips Business Excellence Model (PBE)

Process Survey Tolls (PST)

Balanced Scorecard (BSC)


Mission

To improve the quality of the people’s living trough the timely introduction of meaningful innovations.

Vision

Leading solution provider inn areas of healthcare,lifestyle and enabling technology

Hi, i really thanks to you for sharing the report on Mission and Vision by Philips and it will also help those who are planning for assignments. Well, i am also sharing a presentation which would help others, so download and check it.