4.0
22 Jun 2012
Anonymous employee
Former employee, more than 3 years
Recommend
CEO approval
Business outlook
Pros
A very structured organization. Ideal place to work for those who like a controlled atmosphere.An organization with very good Internal Control, Self assessment and Governance mechanism. Can be compared to best in industry systems and processes.
Cons
A slow organization, Decision making is quite laid back and hence innovation and competitiveness becomes a challenge in todays fast evolving and changing scenario. Competition has therefore caught up with Philips and also overtaken it in many spheres, be it products, technology, innovation, pricing, time to market and so on.