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Royal Philips’ Turnaround Strategy – The way forward

    The Harvard Club of the Netherlands cordially invites members of the Ivy Circle to the presentation of Mr. Jim Andrew on Philips’ turnaround strategy. The presentation and subsequent discussion will be held at Royal Philips (Amsterdam) on Thursday, September 19th 2013. Philips’ is so kind to host this event.

    In his presentation, Jim Andrew will explore the challenges being faced by Philips in the company’s turnaround. He will share how innovation is being embedded as a key enabler for business growth in the more than 100 markets the company is operating in and elaborate on the change program Accelerate! which has served as a basis for the transformation process. There will be time for an open discussion following the presentation.

    Jim Andrew (American, 1962) is the Chief Strategy and Innovation Officer, Chairman of the Sustainability Board and Member of the Executive Committee of Royal Philips. Jim joined Philips in 2011 bringing with him extensive experience leading multi-business, industrial, and consumer companies on issues of growth, M&A, international expansion and strategy. Jim Andrew joined Philips from the Boston Consulting Group (BCG), where he last served as Senior Partner and Managing Director based in Chicago. Prior to this, he founded and ran BCG’s offices in both Mumbai in India and Singapore. Mr. Andrew headed BCG’s global Innovation Strategy Practice and was a member of BCG’s global Strategy Practice leadership team.

    Jim has an MBA with Distinction from Harvard University Graduate School of Business and a BS from the University of Illinois, with highest honors. He is the author of the book Payback: Reaping the Rewards of Innovation. Mr. Andrew was recently appointed by Secretary of Commerce Locke as a charter member of the inaugural National Advisory Committee on Innovation and Entrepreneurship (NACIE), the council that advises the US administration on key innovation and entrepreneurship issues and supports President Obama’s innovation strategy.

    Date: Thursday 19th September 2013
    Time: 17:00 Welcome drinks and snacks, 18:00 Presentation and discussion questions 20:00 Drinks
    Registration:  Deadline for registration and cancellation September 12th, but please register as soon as possible by e-mail to with your name and name(s) of guest(s).
    Location:  Royal Philips (2nd floor, Anton Philips collaboration space), Amstelplein 2, Breitner Center, 1096 BC Amsterdam. Parking is limited; please consider taking public transport.

    Further enquiry:

    We look forward to seeing you on the 19th!