--- title: "Meaning & Key Takeaway of: At the core, Philips is an innovation…" description: "\"At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs.\" — Frans van Houten" image: "https://sms4smile.com/quotes/i/33d/frans-van-houten-7401_business_at-the-core-philips-is-an-innovation-com_2829476.jpg" --- # At the core, Philips is an innovation company. And for… ![“At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs.” quote by Frans van Houten](https://sms4smile.com/quotes/i/33d/frans-van-houten-7401_business_at-the-core-philips-is-an-innovation-com_2829476.jpg) [Download](https://sms4smile.com/quotes/i/33d/frans-van-houten-7401_business_at-the-core-philips-is-an-innovation-com_2829476.jpg) [Open image](https://sms4smile.com/quotes/i/33d/frans-van-houten-7401_business_at-the-core-philips-is-an-innovation-com_2829476.jpg) > “At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs.” [Frans van Houten](https://sms4smile.com/quotes/author/frans-van-houten/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Innovation thrives when companies target unmet needs, driving purposeful development. **In simple terms:** Unmet needs spark innovation. Key Takeaway Identify gaps to create value. Themes innovation needs analysis strategy Mood optimistic strategic Type advice inspirational When to use this quote - product development - business strategy - R&D Key Concepts market research design thinking Questions to Reflect On - What unmet need can you address today? - How do you validate a need before investing? A Different Perspective Finding true needs can be resource‑intensive. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Company](https://sms4smile.com/quotes/about/company/) [Innovation](https://sms4smile.com/quotes/about/innovation/) [Work](https://sms4smile.com/quotes/about/work/) ## Related quotes > [Philips is uniquely positioned to help reshape and optimize population health management by leveraging big data and delivering care across the health continuum, from…](https://sms4smile.com/quotes/frans-van-houten/philips-is-uniquely-positioned-to-help-reshape-and-optimize/) [Frans van Houten](https://sms4smile.com/quotes/author/frans-van-houten/) > [I am pleased with the response of investors towards Philips Lighting and the successful pricing of the I.P.O. 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We are redesigning our products and looking at ways…](https://sms4smile.com/quotes/frans-van-houten/philips-is-committed-to-the-circular-economy-and-is-applying-its/) [Frans van Houten](https://sms4smile.com/quotes/author/frans-van-houten/) > [“I discovered that the best innovation is sometimes the company, the way you organize a company. The whole notion of how you build a…](https://sms4smile.com/quotes/walter-isaacson/i-discovered-that-the-best-innovation-is-sometimes-the-company-the/) [Walter Isaacson](https://sms4smile.com/quotes/author/walter-isaacson/) > [The only way you survive is you continuously transform into something else. 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