Quotes by Frans Van Houten - Page 2

Growing and aging populations are putting increased pressure on health-care systems that are already buckling under the burden of chronic diseases like cancer and diabetes.
Frans Van Houten /
Aging
Burden
Diabetes
Chronic
Diseases
Systems
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We knew we could put the company on the right side of history by decisive transformative action and by redefining our purpose to improving people's lives through innovation.
Frans Van Houten /
History
Action
Improving
Innovation
Purpose
Redefining
Side
Decisive
Right Side
Transformative
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I've always flagged that it will take some time to gradually sell down our interest in lighting and basically pivot to be a medtech company focused entirely on health technology.
Frans Van Houten /
Lighting
Entirely
Gradually
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Genomics, Artificial Intelligence, and Deep Machine learning technologies are helping practitioners deliver better diagnosis and actually freeing up time for patient interaction.
Frans Van Houten /
Artificial
Artificial Intelligence
Diagnosis
Interaction
Patient
Deliver
Freeing
Technologies
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When you try to master the emotions of a decision and say, if you're 50 years from now and you look back, 'Did we take the right decisions?' Then the decision becomes a lot easier.
Frans Van Houten /
Master
Right Decisions
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I think of the world as geographical regions, and it excites me to think about the opportunity that Europe can have if we consider it to be the 500-million-people region that it is.
Frans Van Houten /
Opportunity World Me
Excites
Geographical
Region
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Engagement with young people is always a refreshing break with routine. It's also a reminder of how we need to constantly keep our thinking agile and unencumbered by traditional rules.
Frans Van Houten /
Engagement
Refreshing
Routine
Agile
Reminder
Unencumbered
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Government should create the environment and incentives to stimulate investment in sustainable innovation, take away barriers, and accelerate adoption, even in turbulent economic times.
Frans Van Houten /
Accelerate
Adoption
Barriers
Incentives
Innovation
Investment
Sustainable
Economic Times
Stimulate
Turbulent
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Philips is committed to the circular economy and is applying its principles throughout the organization. We are redesigning our products and looking at ways to capture their residual value.
Frans Van Houten /
Capture
Committed
Principles
Residual
Applying
Circular
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Health care has to be delivered as an integrated service across the entire continuum of care. This runs from healthy living and prevention to diagnosis and treatment and recovery and homecare.
Frans Van Houten /
Continuum
Diagnosis
Health Care
Integrated
Prevention
Recovery
Treatment
Health Service Care
Delivered
Health Care Living
Runs
Service
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Great companies need to reinvent themselves. We can do that: we can stay relevant, we can grow, and we can stay successful. It takes courage, but it's a path we've been preparing for carefully.
Frans Van Houten /
Preparing
Carefully
Reinvent
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Having a consumer brand helps us a lot. We will see more ambulatory care, and there will be a lot of new ways to deliver healthcare... and that means consumerism is going to play a bigger role.
Frans Van Houten /
Healthcare
New Ways
Consumer
Deliver
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Employers can assist employees in looking after their health by giving guidance on energy management, sleep and healthy eating, working relationships, and helping maintain a sense of purpose at work.
Frans Van Houten /
Guidance
Management
Assist
Employees
Maintain
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We are very optimistic about our opportunities in China. Our toothbrushes continue to sell very well, while the growth of private hospitals diminishes the risk of government preferring domestic suppliers.
Frans Van Houten /
Hospitals
Suppliers
Diminishes
Domestic
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In the back of my mind was the nagging discussion: where do we take the portfolio? You can get rid of TV, fine, but then you are in lighting and in health, and those don't have a lot to do with each other.
Frans Van Houten /
Discussion
Lighting
Portfolio
Rid
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Thanks to the digital and big data revolution, we can start to do what was previously unthinkable - to improve patient outcomes and lower healthcare costs while delivering personalized care to each individual.
Frans Van Houten /
Data
Delivering
Digital
Healthcare
Outcomes
Patient
Personalized
Revolution
Thanks
Unthinkable
Care Costs
Costs
Each Individual
Lower
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Indeed, the Fourth Industrial Revolution will greatly lead to increased consumer health awareness and self-management and will enable individualized treatment pathways supported by tele-health care and coaching.
Frans Van Houten /
Health
Fourth
Health Care
Industrial Revolution
Revolution
Treatment
Consumer
Enable
Greatly
Increased
Industrial
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I am pleased with the response of investors towards Philips Lighting and the successful pricing of the I.P.O. This strategic milestone will allow Royal Philips to focus on the fast-growing health technology market.
Frans Van Houten /
Investors
Lighting
Milestone
Pricing
Response
Royal
Strategic
Fast-Growing
Pleased
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When I became CEO, I was really worried that we were in commoditized segments that were mature and no longer growing. So we made a radical pivot into health technology because that is one of the world's unmet needs.
Frans Van Houten /
Ceo
Mature
Worried
Segments
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We typically sell a catheter lab to a hospital, and it sits there for the next 10 years, and we don't visit the cardiologist on a daily basis. Volcano have a disposable business. They are in the cath lab on a daily basis.
Frans Van Houten /
Disposable
Daily Basis
Hospital
Lab
Visit
Volcano
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I came back to Philips and quickly realised that the TV business had a major performance issue and some structural challenges. Rather than try to tweak it and sit things out, we said we had to go for a structural solution.
Frans Van Houten /
Realised
Tweak
Solution
Structural
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First and foremost, we must take a more holistic view of patient care journeys and then better integrate workflows and technology so that the care experience is seamless and provided at the location where it makes most sense.
Frans Van Houten /
Holistic
Location
Patient
Seamless
Foremost
Integrate
Journeys
Provided
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Tech can help population health, make health more accessible, more affordable. Tech can also get people get more included in the economy and contribute and drive growth, and growth and wealth are great contributors to a safer world.
Frans Van Houten /
Affordable
Population
Contribute
Included
Safer
Tech
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We can't think in terms of designing products that we throw over the wall to customers, but instead, we need to design products that are upgradable and maintainable and that can be mined for materials and components that can be reused.
Frans Van Houten /
Components
Customers
Materials
Designing
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Concerns about the possible side-effects of connected care are swept aside by the expectations of the benefits when people are confronted with a chronic disease themselves. Resistance that could be privacy-related completely disappears.
Frans Van Houten /
Resistance
Aside
Chronic
Concerns
Confronted
Disappears
Swept
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The global healthcare industry is undergoing a paradigm shift, providing significant opportunities for Philips to deliver more integrated solutions across the continuum of care - from prevention, diagnosis, and treatment to monitoring and aftercare.
Frans Van Houten /
Continuum
Diagnosis
Healthcare
Industry
Integrated
Monitoring
Paradigm
Prevention
Providing
Significant
Solutions
Treatment
Across
Deliver
Global
Opportunities
Shift
Undergoing
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Healthcare continues to move outside the hospital and into our homes and everyday lives. With leading doctors and psychologists, for example, we've developed personal health programs designed around patients to catalyze sustainable behavioural change.
Frans Van Houten /
Health
Doctors
Everyday
Example
Healthcare
Behavioural
Designed
Developed
Sustainable
Everyday Lives
For Example
Homes
Hospital
Programs
Leading
Outside
Patients
Personal
Psychologists
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Crucially, healthcare needs to become connected. It should become effortless for medical professionals to share relevant data with colleagues around the world. Medical devices and systems in hospitals should be able to combine multiple sources of information.
Frans Van Houten /
Colleagues
Data
Devices
Healthcare
Hospitals
Multiple
Relevant
Combine
Professionals
Sources
Systems
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Philips is uniquely positioned to help reshape and optimize population health management by leveraging big data and delivering care across the health continuum, from healthy living and prevention to diagnosis, minimally invasive treatment, recovery, and home care.
Frans Van Houten /
Continuum
Data
Delivering
Diagnosis
Management
Population
Prevention
Recovery
Treatment
Health Home Care
Optimize
Uniquely
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Government should seek more strategic approaches to developing dynamic, resilient infrastructure. Business must be more creative in offering financing solutions as partners with government, and people must support sustainable innovation as a public policy priority.
Frans Van Houten /
Developing
Financing
Infrastructure
Innovation
Offering
Partners
Policy
Public Policy
Resilient
Solutions
Strategic
Approaches
Sustainable
Dynamic
Seek
Priority
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Sustainable solutions based on innovation can create a more resilient world only if that innovation is focused on the health and well-being of its inhabitants. And it is at that point - where technology and human needs intersect - that we will find meaningful innovation.
Frans Van Houten /
Human Needs
Innovation
Meaningful
Resilient
Solutions
Well Being
Sustainable
Inhabitants
Intersect
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Light is one of the basic areas that will give you comfort, but it is undergoing a technological revolution in moving from conventional lighting to semiconductor-based lighting, and as it does that, it is becoming intelligent with the transition from analogue to digital.
Frans Van Houten /
Analogue
Comfort
Conventional
Digital
Intelligent
Lighting
Revolution
Technological
Transition
Undergoing
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If we are to ensure that healthcare remains affordable and widely available for future generations, we need to radically rethink how we provide and manage it - in collaboration with key health system partners - and apply the technology that can help achieve these changes.
Frans Van Houten /
Affordable
Available
Collaboration
Generations
Healthcare
Manage
Partners
Remains
Apply
Ensure
Future Generations
Radically
Rethink
Widely
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The traditional way that society looks at healthcare is to let people get terribly sick and then have an emergency room to take care of them and spend a lot of money on acute care for people who would have been kept out of hospital in the first place if they had had a lifestyle change.
Frans Van Houten /
Emergency Room
Healthcare
Lifestyle
Take Care
Acute
Emergency
First Place
Terribly
Hospital
Traditional Way
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We are addressing duplication and complexity. At the same time, we are investing more in research and development, speeding up the time to market of new innovations, and expanding our sales force in markets where growth is to be found, like Turkey, Russia, the Mideast, China, and southeast Asia.
Frans Van Houten /
Asia
Complexity
Duplication
Expanding
Investing
Russia
Southeast Asia
Speeding
Addressing
Innovations
Sales
Southeast
Turkey
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Even though we live in a fast-changing world with short term-ism all around, it requires years of determination to transform a company and structurally reap the rewards. Innovation companies need to set their sights on solving unmet needs - but this approach requires focus and long-term tenacity.
Frans Van Houten /
Determination
Innovation
Long Term
Reap
Rewards
Tenacity
Sights
Solving
Transform
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Like all major transitions in human history, the shift from a linear to a circular economy will be a tumultuous one. It will feature heroes and pioneers, naysayers and obstacles, and moments of victory and doubt. If we persevere, however, we will put our economy back on a path of growth and sustainability.
Frans Van Houten /
Doubt
Economy
Growth
Human History
Linear
Moments
Obstacles
Path
Persevere
Pioneers
Sustainability
Victory
Heroes
Circular
Feature
However
Major
Shift
Transitions
Tumultuous
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Certain product categories become less attractive for us because, as they become mature, they become low-cost, and hence, there is less to invent. There is less to invent in a television, whereas in heath technology, there is a lot to invent. So we wanted to put our innovative power to work where it really matters.
Frans Van Houten /
Attractive
Categories
Innovative
Television
Work Power Technology
Matters
Heath
Invent
Low-Cost
Product
Whereas
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City farming is not only possible, it is the very definition of the kind of meaningful, sustainable innovation we will need to meet the grand challenges of the 21st century: climate change; population growth; ageing population; urbanization; rising demand for energy, food and water; poverty; and access to healthcare.
Frans Van Houten /
Access
Ageing
Climate Change
Farming
Growth
Healthcare
Innovation
Meaningful
Population
Population Growth
Poverty
Rising
Change Food Water
Definition
Sustainable
Grand
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We undertook a huge internal transformation to sharpen our customer focus, step up innovation, improve productivity to ensure competitiveness, change our culture, and simplify our ways of working so that our size and scale became a competitive advantage rather than a bureaucratic hangover after years of diversification.
Frans Van Houten /
Advantage
Competitive Advantage
Diversification
Focus
Hangover
Huge
Innovation
Productivity
Size
Transformation
Scale
Became
Bureaucratic
Competitive
Customer
Working
Ensure
Internal
Rather
Sharpen
Step
Ways
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We can squabble between the siblings in Europe and not be very productive and then see China and the U.S. win over the European region. Or - and this is my preferred choice - we team up together and are the strong region that we want to be, using each others' strengths and building on our commonalities to become the smartest region in the world.
Frans Van Houten /
Sibling
Preferred
Region
Smartest
Strengths
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Frans Van Houten Quotes - Page 2

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