Philips innovation

AAYUSH JAWAR-08D1143

ABHISHEK AGARWAL-08D1144

AKASK R-08D1145

ASHISH-08D1146

DEVASHISH-08D1147
 History
The company was founded in 1891 by Gerard
Philips in Eindhoven, the Netherlands.
Its first products were light bulbs 'and other
electro technical equipment’.
Its first factory remains as a museum.
In the 1920s, the company started to
manufacture other products, and in 1939 its first
electric razor, the Philishave, was introduced .
Philips introduced the compact audio cassette
tape, which was wildly successful, though its
attempt to set a standard for video cassette
recorders, the V2000, was unsuccessful in the
face of competition from the Betamax and
especially VHS standards.
On May 9, 1940, the Philips directors were
informed about the German invasion of the
Netherlands to take place on May 10. They
decided to leave the country and flee to the
United States, taking a large amount of the
company capital with them. Operating from the
US, they managed to run the company
throughout the war.
The company itself was moved to the USA
Antilles (on paper) to keep it out of German
hands. After the war it was moved back to the
Netherlands, with their headquarters in
Eindhoven. Many secret research facilities were
locked and successfully hidden from the
invaders, which allowed the company to get up to
speed again quickly after the war.
It is believed that Philips - both before and during the war -
supplied enormous amounts of electric equipment to the German
occupation forces, which has led some people to think that the
company collaborated with the Nazis, like many other firms in
their day.

There is however no evidence to suggest that Philips itself or its

management ever sympathized with the Nazis or their ideologies.
The only Philips family member who did not leave the country,
Frits Philips, saved the lives of 382 Jews by indicating to the Nazis
that they were indispensable for the production process at Philips.
 In 1996, he was awarded the Yad Vashem reward by
the Israeli ambassador for his actions. Clearly, there is
little Philips could have done to prevent the Germans
from abusing their production facilities and forcing
their employees to perform slave labor during the
occupation.
The production facility in Eindhoven was the only
Dutch target that was deliberately bombed by the
allied forces during the war.
 Open Innovation
Philips has in adopted open innovation.
In this it has made a relation with other companies and
customers.
The companies shares its ideas and concepts with philips
and thereby the both philips and the company get access
to the latest developments.
Philips on its part uses the ideas provided by the other
companies and uses it to improve their own products and
services.
Philips gets relevant feedback and suggestions
from its customers and utilise it to further
improve its products.
It also maintains CRM and ask them of their
problems in daily life and the products which
they use. Thereby they come up with new
products and improve on existing products .
THANK YOU