Philips' innovation culture is considered somewhat innovative by its employees. Philips' innovative company culture has to be ingrained within the work culture, and adopted by new hires. At Philips, employees think the most important qualities a new hire must have are good culture fit and integrity. Philips' innovation stems from the health of their work culture which their employees believe is healthy.
Philips is in the Top 30% of Similar Sized companies on Comparably
Philips is in the Top 50% of Similar Sized companies on Comparably
Philips is in the Top 35% of Similar Sized companies on Comparably
One facet of fostering innovation is maximising employee potential, many employees at Philips feel as though they aren’t using their full potential. Another method for encouraging innovation is using meetings for knowledge sharing, 60% of employees think Philips meetings are effective. Lastly, at Philips most employees receive valuable feedback on a once a quarter and once a month basis, which allows employees to feel comfortable with failure.