Company has good potential but dinosaur culture needs to be re-geared for new era.
Pros
Large international organization. Lots of room for growth but only if you are pro-active and network appropriately with senior management. It helps if you are European or has European connections. A pro is that some of the products Philips sells are very innovative and interesting, not just in Medical Systems but other divisions such as Lightings and Electronics. I was a heavy and loyal users of Philips products while I was with the company. I still see the organization has very good potential to be very successful in the future if it is run and management properly.
Cons
A lot of politics. A very Euro-centric organization, even for subsidiaries in the U.S. - there are a lot of expats running the show. Organization is still very old-minded and not flexible to bend with the time. Culture is influenced by a lot of old guards - if you want to get things done, you tend to run into people with very narrow tunnel vision, and who refuses to look at big pictures to solve problems, or run into people who just view their job as a 9 to 5 job without sense of ownership.