INTRODUCTION: PHILIPS: Slogan - sense and simplicity Industry- electronics Key people- Founder - Gerard Philips CEO-Gerard Kleisterlee Chairman- Michiel Hessels Employees- 121, 400 in 2007 The company was founded by Gerard Philips and established on 1891, in Eindhoven, holland. Its first product was light bulbs. Within the 1920s, the business started to produce other products, like- Vacuum tubes (also known worldwide as 'valves'), In 1939 they unveiled their electric shaver, Also on March 11, 1927 Philips continued mid-air with a station called PCJ now known as Radio Netherlands. In 1950, company unveiled Philips Information. After the product Philips launches Compact Cassette tape in 1963 which was wildly successful. This is mainly utilized for dictation machines for office typing stenographers and professional journalists.