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I have been working at Philips full-time (More than a year)
They are quick to recognize talent and committed to retaining it. You are encouraged to take ownership and drive improvements and change. The senior management is very supportive.
When one area of the business suffers all BIU's feel the pain. Cuts have happened frequently (staff and budgets) in my limited time here due to issues that prevented the sale of CT units for nearly a year.
Advice to Management
Permit the business units to operate more independently. Don't assume the same tools work well for all business units. They don't.