Alex Howell spoke about the importance of new businesses needing to ‘find [your] North Star’ when starting out: the process of discovering the thing that you’re passionate enough about to sustain and live with for at least five years.
One of the things Alex was also very honest about was the challenges faced by start-ups, and the fact that often these challenges “rip teams apart all the time”. It is, as Alex says, “really challenging to find a product market fit, rise above the noise, and find that community that is so passionate about your product offering”.
It was great to have the team here in our HQ this week. We wish Alex, Nick and Stefaan the best of luck in their journeys.
From a Philips perspective, perhaps the most exciting thing about today was watching Incomparable Things’ Alex Howell deliver a presentation on the culture of start-ups and innovations.
Often it can be too easy to separate the culture of a company like Incomparable Things from that of one like Philips.
Alex’s presentation demonstrated that the guiding principles of innovation are the same no matter what kind of company you work within, or even if you don’t work within one at all. It was a good reminder that innovation is always possible: something we always try and achieve here at Philips.
As Alberto Prado, our Head of Digital Innovation, remarked: “I really liked the culture speech session. For the first time Philips is interacting with a start-up, and there’s a lot that big companies can learn from them. I found that it was productive and inspiring. Incomparable Things were very open about their journey. It was a very good opportunity for us to be able to understand what it takes, and try to achieve the same values within the bigger organization.”
We’ve included our gallery of the third day of Incomparable Things’ visit – take a look now.
Alberto Prado, our Head of Digital Innovation, welcomed the team and they had an interesting sharing session where both Alberto and Incomparable Things identified similar challenges and opportunities in the realm of digital innovation.
Take a look at the photo album on how their first day in The Netherlands went.
If I buy a washing machine and is stops after one year, I also have the right of repare of replacement. One can't stay that the garantyperiod had ended! But I could get a voucher of 20% for another article of Phillips. That snot what i want. The lamp is 3 years old and has e life expectation of about 7 years. So repair of replacement is more apropriate to my opinion. Nou I am all ' in the dark' without my wakuplight and the summer is ending!
An unhappy customer
Big thank yous to Alex Howell and James Scott for a very interesting discussion about startup's journey, specially the challenges.
To those you watched it live with us, thank for you for joining and sending over great questions.
Until the next #DesignHangout .
#DigitalInnovation #Startups #entrepreneurship
Today, Alex, Nick and Stefaan have been delving into the history of Philips, with a visit to the Philips Museum in the morning.
The museum visit really highlighted the fact that, 123 years ago, Philips was itself a start-up. The early days of Philips were filled with the same experimentation – and, occasionally, problems – as every new business experiences. However, there were also many happy accidents, which in turn led to new business. This journey from start-up to major multinational company is perhaps the most inspiring thing of all to a new or young company. After that it was off to Amsterdam, where the team will be based for the rest of the week.
Have a look at our photo gallery to see how day two went at Philips HQ.
Alex, Stefann and Nick will be sharing their #startup journey, from defining that big idea, taking it to next level and how they became the next big thing.
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Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 112,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.