Business Quote by Andre Calantzopoulos
“We are focusing Philip Morris organization much more on the new business. We will have very few new traditional product introductions, and as markets switch to IQOS we would remove resources from the old business completely.Next year IQOS becomes profitable, so even the financing from these traditional businesses isn't necessary anymore, because it becomes fully self-sustaining.”
About This Quote
Source Corporate Presentation: Philip Morris Strategy, 2021
Outlines shift from traditional tobacco to IQOS products, noting resource reallocation and projected profitability leading to self‑sustaining operations.
In simple terms: Company pivots to reduced‑risk products, ending old lines.
Key Takeaway
Support innovation while managing transition risks.
Themes
business strategy
product innovation
market shift
resource allocation
financial planning
Mood
strategic
optimistic
analytical
Type
corporate
forward‑looking
When to use this quote
- executive meeting
- stakeholder briefing
- industry analysis
Key Concepts
IQOS rollout
legacy product phase‑out
profitability targets
investment decisions
Questions to Reflect On
- How will the company handle potential IQOS market downturns?
- What measures ensure sustainable growth beyond IQOS?
A Different Perspective
Risk of over‑reliance on a single product.
![“[S]ometimes, when you are a food person, the possible irrelevance of what you are doing doesn’t cross your mind until it’s too late. (Once, for example, when I was just starting out in the food business, I was hired by the caper people to develop a lot of recipes using capers, and it was weeks of…” quote by Nora Ephron](https://sms4smile.com/quotes/img-quotes/d79/nora-ephron-1217_business_s-ometimes-when-you-are-a-food-person-th_980.jpg)
![“If the State does not acquire supremacy over [vast private] enterprises, it becomes their puppet, and they become the real State.” quote by Bertrand Russell](https://sms4smile.com/quotes/img-quotes/bad/bertrand-russell-69_acquire_if-the-state-does-not-acquire-supremacy_1379.jpg)