Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
Philips
Companies and corporations

Philips: stages of development of the Dutch corporation

22.10.2021
2 min read

How Philips began and its success

Philips is an example of how a small family business has grown into an international corporation. Techniques under this brand are recognized all over the world and are a symbol of quality and reliability.
The history of the company began in 1891 in the Netherlands with a father and son Philips, who produced incandescent bulbs. Initially, the company employed only 10 people, and sales were extremely scarce. The situation was remedied by the youngest son in the family, also brought into the business. He had excellent managerial skills, easily had customers and knew how to sell goods. Thanks to Anton Phillips, the company became known outside the country, and in a short time it was the leader in the production of countries in Europe. The staff at the factory numbered 400 people, and in 28 countries were opened representative offices of Philips.
In 1918 the company presented a new product for the medical field – an X-ray tube. The given direction the corporation develops and to this day – it produces various equipment for the health care system.
In the 20’s the world was stunned by a new invention – the radio, and everyone understood the potential of this discovery. So in 1923, Philips developed the radio recorder, and a couple of years later introduced radio receivers.
World War II ruined the company’s plans for the development of the television line. During the fighting, a large number of Philips factories were destroyed.Philips company However, this did not break the business leaders, and gradually restoring capacity, by the 1960s the corporation had taken a leading position in the television equipment market, leaving the UK and the USA behind.
Another important milestone in the company’s development was the transistor, introduced in 1954. The element was crucial in microelectronics and replaced the lamps, which were then used in many devices. At that time this invention was a real breakthrough. In 1963, Philips released the compact cassette, as well as the cassette player and the VCR.
The corporation also developed a line of consumer goods. Electric shaver Philips has been to space, she lit in the movies about special agent James Bond.
The company supplies medical equipment for home use, ultrasound and patient monitoring. Philips is considered a leader in manufacturing equipment for emergency care, cardiology, and patient care.
The corporation has modern research centers, which annually make out a huge number of patents on this or that development. Philips consumer products in the field of self-care, home appliances are popular around the world. The company’s facilities are located in many countries, including the United States, Israel, Germany and others.

Tags: Companies and corporations
0
Previous Post Citigroup analysts: there is a stock buyback in the market Next Post Enzo Anselmo Ferrari: the path of the founder of the Italian car company Ferrari

You Might Also Like

Total company building
Companies and corporations
The French company Total: the main stages of development of the oil producer
30.01.2022
Christian Dior
Companies and corporations
Christian Dior fashion house: commitment to the idea of Christian Dior
13.11.2022
American corporation Dell
Companies and corporations
American corporation Dell: history of creation and development
15.07.2022
IBM corporation
Companies and corporations
IBM Corporation: the history of one of the market leaders in computer technology
21.12.2021
American Tower Corporation
Companies and corporations
American Tower Corporation: sphere of activity, development history
26.03.2021
Delta Air Lines largest airlines
Companies and corporations
Delta Air Lines: one of the largest airlines in the world
23.12.2022

Recent Posts

  • 1Merck
    Merck announced a deal with Imago
    04.02.2023
  • 2slowdown in inflation in Germany
    Germany and other countries recorded a slowdown in inflation
    03.02.2023
  • 3John Craig Venter
    Who is John Craig Venter and his contribution to science
    02.02.2023
  • 4Mitsubishi
    Japanese Mitsubishi Corporation: history of creation
    01.02.2023
  • 5soft market
    Soft market: its impact on sellers and buyers
    31.01.2023

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press
16.05.2020

Latest Posts

Merck
Merck announced a deal with Imago
04.02.2023
slowdown in inflation in Germany
Germany and other countries recorded a slowdown in inflation
03.02.2023
John Craig Venter
Who is John Craig Venter and his contribution to science
02.02.2023

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
  • Public investment in France: which areas receive the most attention
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics