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igned PPM 2023 5 Philips Way: People Performance Management (PPM) is… …a process which helps to align personal and business objectives …driven by ‘the Philips way’: one culture, one brand, one pany one global approach for People Performance Management …supporting the improvement of business results for Philips PPM 2023 6 PPM: a cyclical process… PPM 2023 7 How to make it work? value alignment top down drive ? A performance oriented value system ? Company value as the core throughout anization ? Value derived criteria in the anization structure and supporting system (HR) ? Determination shown from the top ? Leaders being driven by the same process PPM 2023 8 Our Values Delight customers We delight our customers by anticipating and exceeding expectations thereby creating sustainable market leadership Deliver on mitments We pursue business excellence, being rigorous in delivering on our mitments Develop people We inspire and enable each other to use our creativity and entrepreneurial flair, and to maximize our potential Depend on each other We work as “one Philips” in an environment of transparency and trust t