Group Management & Services
R&D spend as a % of sales
of sales from emerging markets
of employees located in emerging markets
"In 2010 we continued to shift resources to emerging markets, expanding our commercial and industrial footprint, increasing our innovation and sourcing capabilities, and developing local competences and talent."
Gottfried Dutiné, Member of the Board of Management
Philips’ performance by market cluster is based on the following:
- Emerging markets, including key markets in China, India, and Latin America and other markets including Central and Eastern Europe, Russia, Ukraine and Central Asia, the Middle East and Africa, Turkey and ASEAN zone
- Mature markets, including Western Europe, North America, Japan, Korea, Israel, Australia and New Zealand
Group Management & Services comprises the activities of the corporate center including Philips’ global management and sustainability programs, country and regional management costs, and costs of pension and other postretirement benefit plans, as well as Corporate Technologies, Corporate Investments, New Venture Integration and Philips Design. Additionally, the global shared business services for purchasing, finance, human resources, IT, real estate and supply are reported in this sector.