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174-723: Koninklijke Philips N.V. ( lit.   ' Royal Philips ' ), commonly shortened to Philips , is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam , though the Benelux headquarters is still in Eindhoven. The company gained its royal honorary title in 1998. Philips was founded by Gerard Philips and his father Frederik, with their first products being light bulbs . Through

348-694: A 4,000-person staff reduction announced in October 2022. In August 2023, Exor N.V. , the holding company owned by the Agnelli family , took a 15% stake in Philips. The transaction was worth roughly €2.6 billion. On 17th September 2024, Philips announced the introduction of the 160cm FDA approved version of its unique LumiGuide endovascular navigation wire. It also marked the 1000th patient treated with its breakthrough 3D device guidance technology. Past and present CEOs: Multinational corporation Most of

522-810: A Republic of the United States of Indonesia . In December 1949 the Netherlands formally recognised Indonesian sovereignty with the exception of the Dutch New Guinea ( Western New Guinea ). Sukarno 's government campaigned for Indonesian control of the territory, and with pressure from the United States, the Netherlands agreed to the New York Agreement which ceded the territory to Indonesian administration in May 1963. In 2013

696-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

870-742: A cease-fire on 14 October (a month after its arrival in Batavia) and a draft agreement on 15 November with the negotiators for the Republik Sutan Sjahrir , Prime Minister, Amir Sjarifuddin , Defense Minister, and Johannes Leimena , Junior Minister of Health, chairman of the Indonesian Christian Party. This so-called Linggadjati Agreement was first "elucidated" by the Dutch Minister of Foreign Affairs Jan Jonkman on 10 December, and in this form accepted by

1044-562: A consortium of private equity investors consisting of Kohlberg Kravis Roberts & Co. (KKR), Silver Lake Partners and AlpInvest Partners . On 21 August 2006, Bain Capital and Apax Partners announced that they had signed definitive commitments to join the acquiring consortium, a process which was completed on 1 October 2006. In 2006, Philips bought out the company Lifeline Systems headquartered in Framingham, Massachusetts , in

1218-508: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1392-515: A deal valued at $ 750 million, its biggest move yet to expand its consumer-health business (M). In August 2007, Philips acquired the company Ximis, Inc. headquartered in El Paso, Texas , for their Medical Informatics Division. In October 2007, it purchased a Moore Microprocessor Patent (MPP) Portfolio license from The TPL Group. On 21 December 2007, Philips and Respironics, Inc. announced a definitive agreement pursuant to which Philips acquired all of

1566-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1740-407: A generator set as originally planned. The result, rated at 180/200 W electrical output from a bore and stroke of 55 mm × 27 mm , was designated MP1002CA (known as the "Bungalow set"). Production of an initial batch of 250 began in 1951, but it became clear that they could not be made at a competitive price, besides the advent of transistor radios with their much lower power requirements meant that

1914-439: A key product recall cut the company's market value by more than half over the previous year. He was to be replaced by Philips's EVP and Chief Business Leader of Connected Care, Roy Jakobs, effective 15 October 2022. In 2023, the company announced that it would be cutting 6,000 jobs from the company worldwide over the next two years after reporting 1.6 billion euros in losses during the 2022 financial year. The cuts came in addition to

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2088-575: A manufacturer of devices to treat heart disease, for €1.9 billion (£1.68 billion) expanding its image-guided therapy business. In May 2016, Philips' lighting division Philips Lighting went through a spin-off process, and became an independent public company named Philips Lighting N.V. In 2017, Philips launched Philips Ventures, with a health technology venture fund as its main focus. Philips Ventures invested in companies including Mytonomy (2017) and DEARhealth (2019). On 18 July 2017, Philips announced its acquisition of TomTec Imaging Systems GmbH. In 2018,

2262-490: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

2436-513: A multidisciplinary sports club called PSV Eindhoven in 1913. The Philips Company was founded in 1891, by Dutch entrepreneur Gerard Philips and his father Frederik Philips. Frederik, a banker based in Zaltbommel , financed the purchase and setup of an empty factory building in Eindhoven, where the company started the production of carbon-filament lamps and other electro-technical products in 1892. This first factory has since been adapted and

2610-546: A plan to split the company into two, separating the lighting business from the healthcare and consumer lifestyle divisions. It moved to complete this in March 2015 to an investment group for $ 3.3 billion. In February 2015, Philips acquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging. In June 2016, Philips spun off its lighting division to focus on the healthcare division. In June 2017, Philips announced it would acquire US-based Spectranetics Corp,

2784-466: A problem until the mid-19th century. Finally, in the early 20th century, imperial dominance was extended across what was to become the territory of modern-day Indonesia. In 1806, with the Netherlands under Imperial French domination, Emperor Napoleon I appointed his brother Louis Bonaparte to the Dutch throne, which led to the 1808 appointment of Marshal Herman Willem Daendels as Governor-General of

2958-538: A small portion of the indigenous population was able to vote for its members. The council comprised 30 indigenous members, 25 European and 5 from Chinese and other populations, and was reconstituted every four years. In 1925 the Volksraad was made a semilegislative body; although decisions were still made by the Dutch government, the governor-general was expected to consult the Volksraad on major issues. The Volksraad

3132-691: A treaty outlining "spheres of influence". The Dutch East Indies fell into Japan's sphere. The Netherlands, Britain and the United States tried to defend the colony from the Japanese forces as they moved south in late 1941 in search of Dutch oil. On 10 January 1942, during the Dutch East Indies Campaign , Japanese forces invaded the Dutch East Indies as part of the Pacific War . The rubber plantations and oil fields of

3306-683: A wealth of information, which they later licensed to other companies. The first Philips shaver was introduced in 1939, and was simply called Philishave . In the US, it was called Norelco . The Philishave has remained part of the Philips product line-up until the present. On 9 May 1940, the Philips directors learned that the German invasion of the Netherlands was to take place the following day. Being prepared, Anton Philips and his son-in-law Frans Otten , as well as other Philips family members, fled to

3480-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

3654-455: Is used as a museum. In 1895, after a difficult first few years and near-bankruptcy, the Philips's brought in Anton , Gerard's younger brother by sixteen years. Though he had earned a degree in engineering, Anton started work as a sales representative; soon, however, he began to contribute many important business ideas. With Anton's arrival, the family business began to expand rapidly, resulting in

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3828-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

4002-848: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

4176-666: The Dutch East Indies (now Indonesia ), and later PHI broadcast in English and other languages to the Eastern hemisphere, while PCJJ broadcast in English, Spanish and German to the rest of the world. The international program Sundays commenced in 1928, with host Eddie Startz hosting the Happy Station show, which became the world's longest-running shortwave program. Broadcasts from the Netherlands were interrupted by

4350-687: The Dutch East Indies campaign of 1941–42 the KNIL and the Allied forces were quickly defeated. All European soldiers, which in practice included all able bodied Indo-European males, were interned by the Japanese as POWs . Twenty-five percent of the POWs did not survive their internment. Following World War II, a reconstituted KNIL joined with Dutch Army troops to re-establish colonial "law and order". Despite two successful military campaigns in 1947 and 1948–1949, Dutch efforts to re-establish their colony failed and

4524-532: The Indonesian War of Independence , Indonesia and the Netherlands made peace in 1949. In the Anglo-Dutch Treaty of 1824 , the Dutch ceded the governorate of Dutch Malacca to Britain, leading to its eventual incorporation into Malacca (state) of modern Malaysia . The Dutch East Indies was formed from the nationalised trading posts of the Dutch East India Company , which came under

4698-603: The International Court of Arbitration ruled in favour of Philips, awarding compensation of € 135 million in the process. In April 2013, Philips announced a collaboration with Paradox Engineering for the realization and implementation of a "pilot project" on network-connected street-lighting management solutions. This project was endorsed by the San Francisco Public Utilities Commission (SFPUC). In 2013, Philips removed

4872-721: The Portuguese in 1512 who established a network of trading posts and fortresses throughout the region, including at the spice islands of the Maluku islands . In 1580 Portugal formed a union with Spain , and therewith entered the war with the Dutch Republic . Following disruption of Dutch access to spices, the first Dutch expedition set sail to reach the East Indies in 1595 to access spices directly from Asia. After many skirmishes and hardships , only one third of

5046-673: The Respironics brand), and Personal Health (manufacturing electric shavers , Sonicare electric toothbrushes and Avent childcare products). Philips has a primary listing on the Euronext Amsterdam stock exchange and is a component of the Euro Stoxx 50 stock market index . It has a secondary listing on the New York Stock Exchange . Acquisitions included Signetics and Magnavox . It also founded

5220-507: The Strait of Malacca . Britain was a protector of Aceh and it granted the Dutch request to conduct their anti-piracy campaign. The campaign quickly drove out the Sultan, but across Aceh numerous local Muslim leaders mobilised and fought the Dutch in four decades of expensive guerrilla war, with high levels of atrocities on both sides. Colonial military authorities tried to forestall a war against

5394-453: The compact cassette audio tape format in 1963, and it was wildly successful. Cassettes were initially used for dictation machines for office typing stenographers and professional journalists. As their sound quality improved, cassettes would also be used to record sound and became the second mass media alongside vinyl records used to sell recorded music. Philips introduced the first combination portable radio and cassette recorder, which

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5568-676: The mini-cassette , although it was not as successful as the Olympus microcassette . The mini-cassette became the predominant dictation medium up to the advent of fully digital dictation machines. Philips continued with computers through the early 1990s (see separate article: Philips Computers ). In 1972, Philips launched the world's first home videocassette recorder , in the UK, the N1500. Its relatively bulky video cassettes could record 30 minutes or 45 minutes. Later one-hour tapes were also offered. As

5742-516: The 17th and 18th century. Punishments for slaves could be extremely harsh— for instance, runaway slaves and their accomplices could be subject to whipping, chain gangs, or death. Other punishments included the cutting of hands, ears, breasts and noses, forms of scaphism , being burned alive and the breaking wheel . In theory, slave masters did not have free rein to punish their own slaves as they wished. Punishments of slaves had to be decided in court, and certain punishments could only be applied when

5916-465: The 1990s and 2000s led to a period of downsizing, including the divestment of its lighting and consumer electronics divisions , and Philips' eventual reorganization into a healthcare-focused company. As of 2024, Philips is organized into three main divisions: Diagnosis and Treatment (manufacturing healthcare products such as MRI , CT and ultrasound scanners), Connected Care (manufacturing patient monitors , as well as respiratory care products under

6090-644: The 19th century and there were no significant famines in Java after the 1840s. Another source of profit were the so-called coolies , a name for low-wage indentured laborers. After the abolition of the Cultivation System in 1870, the economy shifted to private companies such as the Deli Company , which was founded on Sumatra in 1869. Large-scale plantations were built to grow cash crops and Javanese, Chinese, Malay, Batak and Indian people were shipped to

6264-463: The 19th century, and coal and oil exploration in the 20th century. The colonial social order was rigidly racial with the Dutch elite living separately from but linked to their native subjects. The term Indonesia was used for the geographical location after 1880. In the early 20th century, local intellectuals conceived Indonesia as a nation state , setting the stage for an independence movement. Japan's World War II occupation dismantled much of

6438-670: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

6612-526: The 19th century, the Cultivation System ("Cultuurstelsel") was implemented in 1830. Under this system it was stipulated that Indonesian farmers had to use 20% of their farmland for the cultivation of cash crops for export such as indigo, coffee and sugar. Through this system considerable profits were made; the net profit for the Dutch treasury is estimated at 4% of the Dutch GDP at the time and around 50% of total state revenue. The system proved disastrous for

6786-566: The 2010s. On 5 December 2012, the antitrust regulators of the European Union fined Philips and several other major companies for fixing prices of TV cathode-ray tubes in two cartels lasting nearly a decade. On 29 January 2013, it was announced that Philips had agreed to sell its audio and video operations to the Japan-based Funai Electric for €150 million, with the audio business planned to transfer to Funai in

6960-462: The 20th century, it grew into one of the world's largest electronics conglomerates , with global market dominance in products ranging from kitchen appliances and electric shavers to light bulbs , televisions , cassettes , and compact discs (both of which were invented by Philips). At one point, it played a dominant role in the entertainment industry (through PolyGram ). However, intense competition from primarily East Asian competitors throughout

7134-631: The British secured the Dutch settlement of Singapore as well as Dutch possessions in the Malay Peninsula ( Malaya ) and Dutch India . The resulting borders between former British and Dutch possessions remain today between modern Malaysia and Indonesia. Since the establishment of the VOC in the 17th century, the expansion of Dutch territory had been a business matter. Graaf van den Bosch 's governor-generalship (1830–1835) confirmed profitability as

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7308-645: The Dutch East Indies were considered crucial for the Japanese war effort. Allied forces were quickly overwhelmed by the Japanese and on 8 March 1942 the Royal Dutch East Indies Army surrendered in Java. Fuelled by the Japanese Light of Asia war propaganda and the Indonesian National Awakening , a vast majority of the indigenous Dutch East Indies population first welcomed the Japanese as liberators from

7482-547: The Dutch East Indies. In 1811 Daendels was replaced by Governor-General Jan Willem Janssens , but shortly after his arrival, British forces occupied several Dutch East Indies ports including the Spice islands in 1810 and Java the following year , leading to Sir Thomas Stamford Raffles becoming Lieutenant Governor. Following Napoleon's defeat at the 1815 Battle of Waterloo and the Congress of Vienna , independent Dutch control

7656-565: The Dutch International Service. Some PCJ programs, such as Happy Station , continued on the new station. Philips was instrumental in the revival of the Stirling engine when, in the early 1930s, the management decided that offering a low-power portable generator would assist in expanding sales of its radios into parts of the world where mains electricity was unavailable and the supply of batteries uncertain. Engineers at

7830-622: The Dutch Parliament on 20 December 1946. It was formally signed by the parties on 25 March 1947 in Djakarta, with the Indonesian side rejecting the "elucidation". After this high point in the relations between the two countries, the situation rapidly deteriorated. On both sides more extreme parties got the upper hand. The Dutch unilaterally instituted an interim government for the colony on a "federal" basis, with representation for

8004-545: The Dutch Philips Group bought out nearly a one-third share and took over the management of the German company Grundig . Also in 1984, Philips split off its activities on the field of photolithographic integrated circuit production equipment, the so-called wafer steppers, into a joint venture with ASM International , located in Veldhoven under the name ASML . Over the years, this new company has evolved into

8178-594: The Dutch colonial state and economy. Following the Japanese surrender on 15 August 1945, Indonesian nationalist leaders Sukarno and Hatta declared independence , instigating the Indonesian National Revolution . The Dutch, aiming to re-establish control of the archipelago, responded by deploying roughly 220,000 troops, who fought the Indonesian nationalists in attrition warfare . The United States threatened to terminate financial aid for

8352-478: The Dutch conquests were installed as regents and indigenous aristocracy became an indigenous civil service. While they lost de facto control, their wealth and splendour under the Dutch grew. This indirect rule did not disturb the peasantry and was cost-effective for the Dutch; in 1900, only 250 European and 1,500 indigenous civil servants, and 16,000 Dutch officers and men and 26,000 hired native troops, were required to rule 35 million colonial subjects. From 1910,

8526-541: The Dutch created the most centralised state power in Southeast Asia . Politically, the highly centralised power structure established by the Dutch administration, including the exorbitant powers of exile and censorship, was carried over into the new Indonesian republic. A People's Council called the Volksraad for the Dutch East Indies commenced in 1918. The Volksraad was limited to an advisory role and only

8700-794: The English as the Dutch East Indies , to keep it distinct from the Dutch West Indies . The name Dutch Indies is recorded in the Dutch East India Company 's documents of the early 1620s. Scholars writing in English use the terms Indië , Indies , the Dutch East Indies , the Netherlands Indies , and colonial Indonesia interchangeably. At the time when Europeans arrived, the Indonesian archipelago supported various states, including commercially oriented coastal trading states and inland agrarian states (the most important were Srivijaya and Majapahit ). Since centuries BCE

8874-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

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9048-499: The European legal class and in 1922 a supplemental legal enactment introduced the creation of a 'Home guard' ( Dutch : Landstorm ) for European conscripts older than 32. Petitions by Indonesian nationalists to establish military service for indigenous people were rejected. In July 1941 the Volksraad passed law creating a native militia of 18,000 by a majority of 43 to 4, with only the moderate Great Indonesia Party objecting. After

9222-514: The German invasion in May 1940. The Germans commandeered the transmitters in Huizen to use for pro- Nazi broadcasts , some originating from Germany, others concerts from Dutch broadcasters under German control. In the early 1930s, Philips introduced the "Chapel", a radio with a built-in loudspeaker. Philips Radio was absorbed shortly after liberation when its two shortwave stations were nationalized in 1947 and renamed Radio Netherlands Worldwide ,

9396-757: The Indies. During the occupation, the Njai and their mixed-race children were forcefully separated from European men, who were put into internment camps. After Sukarno proclaimed an independent Indonesia, the Njai were forced to choose between going with their partners to Europe, or staying in Indonesia. The Netherlands capitulated their European territory to Germany on May 14, 1940. The royal family fled to exile in Britain. Germany and Japan were Axis allies. On 27 September 1940, Germany, Hungary , Italy and Japan signed

9570-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

9744-430: The Japanese makers, whose tapes were significantly cheaper. Philips made one last attempt at a new standard for video recorders with the Video 2000 system, with tapes that could be used on both sides and had 8 hours of total recording time. As Philips only sold its systems on the PAL standard and in Europe, and the Japanese makers sold globally, the scale advantages of the Japanese proved insurmountable and Philips withdrew

9918-604: The Japanese surrender in August 1945, nationalist leaders Sukarno and Mohammad Hatta declared Indonesian independence. A four-and-a-half-year struggle followed as the Dutch tried to re-establish their colony; although Dutch forces re-occupied most of Indonesia's territory a guerrilla struggle ensued, and the majority of Indonesians, and ultimately international opinion, favoured Indonesian independence. The Netherlands committed war crimes: summary and arbitrary killings of Indonesian villagers and farmers, torture of Indonesian prisoners and execution of prisoners. Ad van Liempt documented

10092-430: The Japanese, the internment of all Dutch citizens meant that Indonesians filled many leadership and administrative positions. In contrast to Dutch repression of Indonesian nationalism, the Japanese allowed indigenous leaders to forge links among the masses, and they trained and armed the younger generations. According to a UN report, four million people died in Indonesia as a result of the Japanese occupation. Following

10266-404: The Netherlands government apologised for the violence used against the Indonesian people, an apology repeated by King Willem-Alexander on a state visit in 2020. To this day, the colonial war is commonly referred to as "police actions" in the Netherlands. Since the VOC era, the highest Dutch authority in the colony resided with the office of the governor-general. During the Dutch East Indies era

10440-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

10614-426: The Netherlands recognised Indonesian sovereignty in December 1949. The KNIL was disbanded by 26 July 1950 with its indigenous personnel being given the option of demobilising or joining the Indonesian military . At the time of disbandment the KNIL numbered 65,000, of whom 26,000 were incorporated into the new Indonesian Army. The remainder were either demobilised or transferred to the Netherlands Army. Key officers in

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10788-413: The Netherlands under the Marshall Plan if they did not agree to transfer sovereignty to Indonesia, leading to Dutch recognition of Indonesian sovereignty at the 1949 Dutch–Indonesian Round Table Conference . Indonesia became one of the leading nations of the Asian independence movement after World War II. During the revolution and after Indonesian independence, almost all Dutch citizens repatriated to

10962-412: The Netherlands. In 1962, the Dutch turned over their last possession in Southeast Asia, Dutch New Guinea ( Western New Guinea ), to Indonesia under the provisions of the New York Agreement . At that point, the entirety of the colony ceased to exist. The word Indies comes from Latin : Indus ( Names for India ). The original name Dutch Indies ( Dutch : Nederlandsch-Indië ) was translated by

11136-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

11310-409: The Philips Radio factory in Eindhoven with few casualties among the Dutch workers and civilians. The Philips works in Eindhoven was bombed again by the RAF on 30 March 1943. Frits Philips , the son of Anton, was the only Philips family member to stay in the Netherlands. He saved the lives of 382 Jews by convincing the Nazis that they were indispensable for the production process at Philips. In 1943, he

11484-493: The Stirling engine for many years and asserted that modern materials and know-how should enable great improvements. Encouraged by their first experimental engine, which produced 16 W of shaft power from a bore and stroke of 30 mm × 25 mm , various development models were produced in a program which continued throughout World War II . By the late 1940s, the "Type 10" was ready to be handed over to Philips' subsidiary Johan de Witt in Dordrecht to be produced and incorporated into

11658-431: The Supreme Court in Batavia, dealt with appeals and monitored judges and courts throughout the colony. Six councils of justice (Raad van Justitie) dealt mostly with crime committed by people in the European legal class and only indirectly with the indigenous population. The land councils (Landraden) dealt with civil matters and less serious offences like estate divorces, and matrimonial disputes. The indigenous population

11832-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

12006-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

12180-450: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

12354-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

12528-614: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

12702-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

12876-619: The United States taking a large amount of the company capital with them. Operating from the US as the North American Philips Company , they managed to run the company throughout the war. At the same time, the company was moved (on paper) to the Netherlands Antilles to keep it out of German hands. On 6 December 1942, the British No. 2 Group RAF undertook Operation Oyster , which heavily damaged

13050-629: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

13224-671: The V2000 system and joined the VHS Coalition. Philips had developed a LaserDisc early on for selling movies, but delayed its commercial launch for fear of cannibalizing its video recorder sales. Later Philips joined with MCA to launch the first commercial LaserDisc standard and players. In 1982, Philips teamed with Sony to launch the compact disc ; this format evolved into the CD-R , CD-RW , DVD and later Blu-ray , which Philips launched with Sony in 1997 and 2006 respectively. In 1984,

13398-751: The VOC arrived in the Indonesian archipelago, they started to use and expand upon the then-existing indigenous system of slavery. In certain places slaves were used on plantations such as on the Maluku islands, namely the Banda islands where most of the local population had been deported or exterminated by the VOC to be replaced with slaves. Dutch slaves worked in agriculture, manufacturing, and services, but most were used as domestic servants including housemaids and houseboys, cooks, seamstresses, musicians, and concubines. Slaves could be acquired through trade at indigenous slave markets or captured on raids. In certain cases

13572-606: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

13746-414: The VOC stirred up ethnic tensions between rivalling populations in the hope they could cheaply buy war captives at slave markets after the conflict. Slaves were transported from islands in Indonesia itself, or from other countries such as India and China. Estimates of the scale of the slave trade in the Dutch East Indies are scant, but it is suggested that around 1 million slaves were active during its peak in

13920-507: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

14094-514: The absolute right to ban, censor or restrict any publication in the colony. The so-called exorbitant powers of the governor-general allowed him to exile anyone regarded as subversive and dangerous to peace and order, without involving any Court of Law. Until 1848 the governor-general was directly appointed by the Dutch monarch, and in later years via the Crown and on advice of the Dutch metropolitan cabinet. During two periods (1815–1835 and 1854–1925)

14268-587: The administration of the Dutch government in 1800. During the 19th century, the Dutch fought many wars against indigenous rulers and peoples, which caused hundreds of thousands of deaths. Dutch rule reached its greatest territorial extent in the early 20th century with the occupation of Western New Guinea . The Dutch East Indies was one of the most valuable colonies under European rule, though its profits depended on exploitative labor. The colony contributed to Dutch global prominence in spice and cash crop trade in

14442-756: The archipelago to prevent intervention from other Western powers during the European push for colonial possessions . As exploitation of Indonesian resources expanded off Java, most of the outer islands came under direct Dutch government control or influence. The Dutch subjugated the Minangkabau of Sumatra in the Padri War (1821–38) and the Java War (1825–30) ended significant Javanese resistance. The Banjarmasin War (1859–1863) in southeast Kalimantan resulted in

14616-458: The bankruptcy of the VOC in 1798, but continued under Dutch state rule. Due to growing international criticism slavery was eventually abolished in the Dutch East Indies in 1860. In reality this was mostly limited to the slaves present on Java and Madura, whose masters were financially compensated for the loss of their workforce. However, on many other islands where slave masters were more often indigenous rulers, little changed. The main reason for this

14790-469: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

14964-742: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

15138-520: The colonial Government Navy . The KNIL was not part of the Royal Netherlands Army , but a separate military arm commanded by the governor-general and funded by the colonial budget. The KNIL was not allowed to recruit Dutch conscripts and had the nature of a ' Foreign Legion ' recruiting not only Dutch volunteers, but many other European nationalities (especially German, Belgian and Swiss mercenaries). While most officers were Europeans,

15312-429: The colonial Dutch empire, but this sentiment quickly changed as the occupation turned out to be far more oppressive and ruinous than the Dutch colonial government. The Japanese occupation during World War II brought about the fall of the colonial state in Indonesia, as the Japanese removed as much of the Dutch government structure as they could, replacing it with their own regime. Although the top positions were held by

15486-558: The colonial justice system. The Coolie Ordinances ("Poenale sanctie") of 1880, which allowed the plantation owners to serve as judge, jury and executioner resulted in widespread atrocities. It included a penal sanction which allowed owners to physically punish their coolies as they saw fit. Punishments that were used against coolies included whippings or beatings, after which the open wounds were rubbed with salt. Other punishments used were electrocution, crucifixion and suspending coolies by their toes or thumbs until they broke. Medical care for

15660-571: The colony from 1913, and quasi-diplomatic ties were established with Arabia to manage the Haji pilgrimage from the Dutch East Indies. In 1922 the colony came on equal footing with the Netherlands in the Dutch constitution, while remaining under the Ministry of Colonies. The governor-general led a hierarchy of Dutch officials: the residents, the assistant residents, and district officers called controllers . Traditional rulers who survived displacement by

15834-717: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

16008-558: The company started to manufacture other products, such as vacuum tubes . For this purpose the Van Arkel–de Boer process was invented. In 1924, Philips joined with German lamp trust Osram to form the Phoebus cartel . On 11 March 1927, Philips went on the air, inaugurating the shortwave radio station PCJJ (later PCJ) which was joined in 1929 by a sister station (Philips Omroep Holland-Indië, later PHI). PHOHI broadcast in Dutch to

16182-602: The company was housed in the Rembrandt Tower . In 2002, it moved to the Breitner Tower. Philips Lighting, Philips Research , Philips Semiconductors (spun off as NXP in September 2006), and Philips Design, are still based in Eindhoven. Philips Healthcare is headquartered in both Best, Netherlands (near Eindhoven) and Andover, Massachusetts , (north of Boston ). In 2000, Philips bought Optiva Corporation,

16356-506: The company's research lab carried out a systematic comparison of various power sources and determined that the almost forgotten Stirling engine would be most suitable, citing its quiet operation (both audibly and in terms of radio interference) and ability to run on a variety of heat sources (common lamp oil – "cheap and available everywhere" – was favored). They were also aware that, unlike steam and internal combustion engines, virtually no serious development work had been carried out on

16530-500: The competition came from Sony 's Betamax and the VHS group of manufacturers, Philips introduced the N1700 system which allowed double-length recording. For the first time, a 2-hour movie could fit onto one video cassette. In 1977, the company unveiled a special promotional film for this system in the UK, featuring comedy writer and presenter Denis Norden . The concept was quickly copied by

16704-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

16878-469: The coolies was scarce and often aimed at healing punished coolies so they could return to work or be tortured more extensively. Rape of adult female coolies as well as their children was also common. The coolie system was heavily criticized, especially after 1900 with the rise of the so-called "Ethical Politics". A critical pamphlet named "De miljoenen uit Deli" was published by J. van den Brand. The document described abuses committed against coolies including

17052-543: The correctional facility. In response to the communist uprising of 1926 the prison camp Boven-Digoel was established in New Guinea . As of 1927, political prisoners, including indigenous Indonesians espousing Indonesian independence, were 'exiled' to the outer islands. The Dutch East Indies was divided into three gouvernementen —Groot Oost, Borneo and Sumatra—and three provincies in Java. Provincies and gouvernementen were both divided into residencies, but while

17226-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

17400-487: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

17574-596: The debate from a neo-liberal perspective in Storm over the Multinationals (1977). Dutch East Indies The Dutch East Indies , also known as the Netherlands East Indies ( Dutch : Nederlands(ch)-Indië ; Indonesian : Hindia Belanda ), was a Dutch colony with territory mostly comprising the modern state of Indonesia , which declared independence on 17 August 1945. Following

17748-481: The declaration of independence in 1945, Dutch control over the Indonesian archipelago was always tenuous. Although Java was dominated by the Dutch, many areas remained independent throughout much of this time, including Aceh , Bali , Lombok and Borneo . There were numerous wars and disturbances across the archipelago as various indigenous groups resisted efforts to establish Dutch hegemony, which weakened Dutch control and tied up its military forces. Piracy remained

17922-467: The declaration of war with Japan, over 100,000 natives volunteered. The KNIL hastily and inadequately attempted to transform them into a modern military force able to protect the Dutch East Indies from Imperial Japanese invasion. On the eve of the Japanese invasion in December 1941, Dutch regular troops in the East Indies comprised about 1,000 officers and 34,000 men, of whom 28,000 were indigenous. During

18096-464: The defeat of the Sultan. After failed expeditions to conquer Bali in 1846 and 1848 , an 1849 intervention brought northern Bali under Dutch control. The most prolonged military expedition was the Aceh War in which a Dutch invasion in 1873 was met with indigenous guerrilla resistance and ended with an Acehnese surrender in 1912. Disturbances continued to break out on both Java and Sumatra during

18270-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

18444-477: The first large (42-inch) commercially available flat-panel TV, using Fujitsu plasma displays. In 1998, looking to spur innovation, Philips created an Emerging Businesses group for its Semiconductors unit, based in Silicon Valley . The group was designed to be an incubator where promising technologies and products could be developed. The move of the headquarters to Amsterdam was completed in 2001. Initially,

18618-423: The foundation of official policy, restricting its attention to Java, Sumatra and Bangka . However, from about 1840, Dutch national expansionism saw them wage a series of wars to enlarge and consolidate their possessions in the outer islands. Motivations included the protection of areas already held, the intervention of Dutch officials ambitious for glory or promotion, and the aim to establish Dutch claims throughout

18792-406: The founding of Philips Metaalgloeilampfabriek N.V. (Philips Metal Filament Lamp Factory Ltd.) in Eindhoven in 1908, followed in 1912, by the foundation of Philips Gloeilampenfabrieken N.V. (Philips Lightbulb Factories Ltd.). After Gerard and Anton Philips changed their family business by founding the Philips corporation , they laid the foundations for the later multinational company. In the 1920s,

18966-400: The governor-general functioned as chief executive president of colonial government and served as commander-in-chief of the colonial army ( KNIL ). Until 1903 all government officials and organisations were formal agents of the governor-general and were entirely dependent on the central administration of the 'office of the governor-general' for their budgets. Until 1815 the governor-general had

19140-555: The governor-general ruled jointly with an advisory board called the Raad van Indie (Indies Council). Colonial policy and strategy were the responsibility of the Ministry of Colonies based in The Hague . From 1815 to 1848 the ministry was under direct authority of the Dutch king. In the 20th century the colony gradually developed as a state distinct from the Dutch metropole with its treasury separated in 1903, public loans being contracted by

19314-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

19488-474: The house they worked in as so-called "Indigenous Furniture" ( Inlands Meubel ). Njai were also not allowed custody of the children they had with their Dutch masters, and when they were fired, their children would be taken away. By the 1910s the number of Njai had decreased, although prostitution had become more prevalent. The practice had not died out, however, by the time the Empire of Japan invaded and occupied

19662-513: The independent Philips Lighting N.V. was renamed Signify N.V. However, it continues to produce and market Philips-branded products such as Philips Hue color-changing LED light bulbs. In 2021, Philips Domestic Appliances was purchased by Hillhouse Capital for $ 4.4 billion. The company, now known as Versuni , continues to sell small appliances under the Philips brand under license. In 2022, Philips announced that Frans Van Houten , who had served as CEO for 12 years would be stepping down, after

19836-521: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

20010-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

20184-412: The islands were part of migratory and commercial exchange within Southeast Asia , India , Arabian peninsula and east-Africa . From classical antiquity onwards the archipelago was also a major part of the global spice trade . For centuries Hindu-Buddhist civilizations were dominant; however, increasing trade links instigated the spread of Islam . By the 16th century, a large part of the archipelago

20358-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

20532-407: The late 19th century, increasing numbers of Dutch immigrants arrived in colonial Indonesia, leading to a shortage of available women, as most immigrants were men. The Dutch then bought the "Njai", who were indigenous women who officially served as maids but were often also used as concubines . While officially contract workers, these women enjoyed few rights. They could be bought and sold together with

20706-474: The latter half of 2013, and the video business in 2017. As part of the transaction, Funai was to pay a regular licensing fee to Philips for the use of the Philips brand. The purchase agreement was terminated by Philips in October because of breach of contract and the consumer electronics operations remained under Philips. Philips said it would seek damages for breach of contract in the US$ 200-million sale. In April 2016,

20880-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

21054-473: The local population; at its height, over 1 million farmers worked under the Cultuurstelsel and the extreme incentive for profit resulted in widespread abuses. Farmers were often forced to either use more than 20% of their farmland, or the most fertile land, for cultivation of cash crops. The system led to an increase in famine and disease among Javanese peasants in the 1840s. According to one estimate,

21228-456: The majority of soldiers were indigenous Indonesians, the largest contingent of which were Javanese and Sundanese . Dutch policy before the 1870s was to take full charge of strategic points and work out treaties with the local leaders elsewhere so they would remain in control and co-operate. The policy failed in Aceh , in northern Sumatra, where the Sultan tolerated pirates who raided commerce in

21402-446: The maker of Sonicare electric toothbrushes . The company was renamed Philips Oral Healthcare and made a subsidiary of Philips DAP. In 2001, Philips acquired Agilent Technologies ' Healthcare Solutions Group (HSG) for EUR 2 billion. Philips created a computer monitors joint venture with LG called LG.Philips Displays in 2001. In 2001, after growing the unit's Emerging Businesses group to nearly $ 1 billion in revenue, Scott A. McGregor

21576-499: The mammography division of Sectra AB . Because net profit slumped 85 percent in Q3 2011, Philips announced a cut of 4,500 jobs to match part of an €800 million ($ 1.1 billion) cost-cutting scheme to boost profits and meet its financial target. In 2011, the company posted a loss of €1.3 billion, but earned a net profit in Q1 and Q2 2012, however the management wanted €1.1 billion cost-cutting which

21750-494: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

21924-543: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

22098-505: The mass murder of 364 Indonesians by Dutch soldiers in the village of Galoeng Galoeng. Alfred Edelstein and Karin van Coevorden, documented later the execution of hundreds of men in the village of Rawagede . The independence movement during the later phases of the Bersiap also targeted Dutch and Eurasian civilians, particularly under the direction of Sutomo who personally supervised the summary executions of hundreds of civilians. After

22272-576: The mortality rates increased by as much as 30% during this period. Due to widespread criticism of the system, it was abolished in 1870. According to one study, the mortality rate in Java would have been 10–20% higher by the late 1870s if the Cultivation system had not been abolished. The introduction of trucks, railways, telegraph systems, and more coordinated distribution systems all contributed to famine elimination in Java which had historically been common. Java experienced rapid population growth during

22446-486: The ongoing expense of war, corruption, and mismanagement led to bankruptcy by the end of the 18th century. The company was formally dissolved in 1800 and its colonial possessions in the Indonesian archipelago (including much of Java , parts of Sumatra , much of Maluku , and the hinterlands of ports such as Makasar , Manado and Kupang ) were nationalized under the Dutch Republic as the Dutch East Indies. When

22620-536: The original crew made it back to Holland and other Dutch expeditions soon followed. Recognising the potential of the East Indies trade, the Dutch government amalgamated the competing companies into the United East India Company ( Vereenigde Oost-Indische Compagnie or VOC). In March 1602 the VOC was granted a charter to wage war, build fortresses, and make treaties across Asia. A capital

22794-430: The original rationale for the set was disappearing. Approximately 150 of these sets were eventually produced. In parallel with the generator set, Philips developed experimental Stirling engines for a wide variety of applications and continued to work in the field until the late 1970s, though the only commercial success was the "reversed Stirling engine" cryocooler . However, they filed a large number of patents and amassed

22968-470: The outstanding shares of Respironics for US$ 66 per share, or a total purchase price of approximately €3.6  billion (US$ 5.1 billion) in cash. On 21 February 2008, Philips completed the acquisition of VISICU in Baltimore, Maryland, through the merger of its indirect wholly-owned subsidiary into VISICU. As a result of that merger, VISICU has become an indirect wholly-owned subsidiary of Philips. VISICU

23142-560: The parts of the colony not represented by the Republik. This was unacceptable to Sukarno. Sjahrir proposed a compromise, but this was rejected by the Dutch. Sjahrir resigned and was replaced by Sjarifuddin. Sukarno declared a state of emergency in the areas that were in the hands of the Republik and assumed charge of the negotiations. The situation deteriorated further, and the Dutch resorted to military intervention under Operation Product (or first "politionele actie" ). The Commission General

23316-802: The plantations in Sumatra and Java to perform harsh labor. It is estimated that over 500,000 coolies were transported to Sumatra during the late 19th and early 20th century. The precise death rate among coolie laborers is hard to estimate due to scarce or unreliable records but has been estimated to be as high as 25% in certain places, with a possible death toll of many tens of thousands. While coolies were often paid laborers who worked out of free will, in practice their circumstances often involved forced labor and more closely resembled slavery. They were often misled when signing work contracts or even forced to sign contracts. Others were kidnapped or forced to work due to debts or were criminals sentenced to forced labour by

23490-645: The political situation in Indonesia devolved into a deadlock the new Dutch government, led by Louis Beel of the Catholic People's Party, formed a Commissie-Generaal voor Nederlands-Indië (Commission General for the Dutch Indies) on 14 September 1946. This Commission-General consisted of Willem Schermerhorn , Dutch Prime Minister from 1945 to 1946; F. De Boer, Liberal politician; Max van Poll, Catholic Party politician; and Hubertus van Mook , Lieutenant-Governor General (ex officio). The Commission achieved

23664-412: The population by means of a 'strategy of awe'. When a guerrilla war did take place the Dutch used either a slow, violent occupation or a campaign of destruction. By 1900 the archipelago was considered "pacified" and the KNIL was mainly involved with military police tasks. The nature of the KNIL changed in 1917 when the colonial government introduced obligatory military service for all male conscripts in

23838-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

24012-611: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

24186-526: The remainder of the 19th century. This included the Banten Peasant's Revolt in the aftermath of the tremendous eruption of Krakatoa in 1883. However, the island of Lombok came under Dutch control in 1894, and Batak resistance in northern Sumatra was quashed in 1895. Towards the end of the 19th century, the balance of military power shifted towards the industrialising Dutch and against pre-industrial independent indigenous Indonesian polities as

24360-703: The remaining independent local rulers. Southwestern Sulawesi was occupied in 1905–06, the island of Bali was subjugated with military conquests in 1906 and 1908 , as were the remaining independent kingdoms in Maluku, Sumatra, Kalimantan and Nusa Tenggara . Other rulers including the Sultans of Tidore in Maluku, Pontianak (Kalimantan) and Palembang in Sumatra , requested Dutch protection from independent neighbours thereby avoiding Dutch military conquest and were able to negotiate better conditions under colonial rule. The Bird's Head Peninsula ( Western New Guinea ),

24534-694: The residencies under the provincies were divided again into regentschappen , residencies under gouvermenten were divided into afdeelingen first before being subdivided into regentschappen . The Royal Netherlands East Indies Army (KNIL) and its air arm, the Royal Netherlands East Indies Army Air Force (ML-KNIL), were established in 1814 and 1915, respectively. Naval forces of the Royal Netherlands Navy were based in Surabaya , supplemented by

24708-426: The sale of its Assembléon subsidiary which made pick-and-place machines for the electronics industry. Philips made several acquisitions during 2011, announcing on 5 January 2011 that it had acquired Optimum Lighting, a manufacturer of LED based luminaires. In January 2011, Philips agreed to acquire the assets of Preethi, a leading India-based kitchen appliances company. On 27 June 2011, Philips acquired Sectra Mamea AB,

24882-437: The same time, North American Philips was formally dissolved, and a new corporate division was formed in the US with the name Philips Electronics North America Corp. In 1997, the company officers decided to move the headquarters from Eindhoven to Amsterdam along with the corporate name change to Koninklijke Philips Electronics N.V., the latter of which was finalized on 16 March 1998. In 1997, Philips introduced at CES and CeBIT

25056-476: The second politionele actie, or Operation Kraai , in December 1948. This was militarily successful (the Dutch managed to capture Sukarno), but again international political pressure forced the Dutch to back down and be party to the Roem–Van Roijen Agreement (7 May 1949). The Dutch–Indonesian Round Table Conference then started on 22 August 1949, which led to the agreement to transfer sovereignty to

25230-484: The slave was found guilty in an official court case. In reality however abuse of slaves by their masters was rampant and often went unpunished. Beatings and whippings were a commonplace punishment for disobedient slaves. Rape of female slaves by their masters was a common occurrence as well, as these women and girls were obliged to provide sexual services for their masters. Refusing to do so could result in severe physical punishment. Slavery and its excesses did not end with

25404-546: The slogan "Let's make things better" in favor of a new one: "Sense and Simplicity". In December 2005, Philips announced its intention to sell or demerge its semiconductor division. On 1 September 2006, it was announced in Berlin that the name of the new company formed by the division would be NXP Semiconductors . On 2 August 2006, Philips completed an agreement to sell a controlling 80.1% stake in NXP Semiconductors to

25578-501: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

25752-399: The technology gap widened. Military leaders and Dutch politicians believed they had a moral duty to free the native Indonesian peoples from indigenous rulers who were considered oppressive, backward, or disrespectful of international law. Although Indonesian rebellions broke out, direct colonial rule was extended throughout the rest of the archipelago from 1901 to 1910 and control taken from

25926-478: The torture and sexual abuse of a 15-year-old female coolie who had rejected sexual advances of a Dutch plantation overseer. The penal sanction was eventually abolished in 1931 and the Coolie Ordinances ended in the early 1940s. During earlier stages of colonization female indigenous sex slaves were bought by Dutch colonials, but this practice was cut short after 1860 with the abolition of slavery. In

26100-600: The unruliest inmates. In the Sawahlunto prison on Sumatra prisoners had to perform manual labour in the coal mines. Separate prisons were built for juveniles (West Java) and for women. In the Bulu women's prison in Semarang inmates had the opportunity to learn a profession during their detention, such as sewing, weaving and making batik . This training was held in high esteem and helped re-socialise women once they were outside

26274-552: The word "Electronics" from its name – becoming Royal Philips N.V. On 13 November 2013, Philips unveiled its new brand line "Innovation and You" and a new design of its shield mark. The new brand positioning is cited by Philips to signify company's evolution and emphasize that innovation is only meaningful if it is based on an understanding of people's needs and desires. On 28 April 2014, Philips agreed to sell their Woox Innovations subsidiary (consumer electronics) to Gibson Brands for $ US135 million. On 23 September 2014, Philips announced

26448-496: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

26622-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

26796-427: The world's leading manufacturer of chip production machines at the expense of competitors like Nikon and Canon . Philips partnered with Sony again later to develop a new "interactive" disc format called CD-i , described by them as a "new way of interacting with a television set". Philips created the majority of CD-i compatible players. After low sales, Philips repositioned the format as a video game console , but it

26970-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

27144-484: Was an increase from €800 million and may cut another 2,200 jobs until end of 2014. In March 2012, Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology . After two decades in decline, Philips went through a major restructuring, shifting its focus from electronics to healthcare. Particularly from 2011 when a new CEO was appointed, Frans van Houten. The new health and medical strategy have helped Philips to thrive again in

27318-473: Was brought under Dutch administration in 1920. This final territorial range would form the territory of the Republic of Indonesia . The colonial wars in the Dutch East Indies exacted a heavy toll on the Indonesian population, with around 3 to 4 million deaths including both direct war casualties and indirect victims of war due to famine and disease. Due to the high monetary costs of several Dutch conquests in

27492-478: Was dissolved in 1942 during the Japanese occupation. The legal system was divided by the three main ethnic groups classified under the Dutch colonial administration— Europeans, Foreign Orientals (Arabs and the Chinese) and the indigenous— which were subject to their own legal systems that were all simultaneously in force. The Dutch government adapted the Dutch codes of law in its colony. The highest court of law,

27666-518: Was dissolved on 15 November 1947 after Schermerhorn and Van Poll resigned. The Politionele Actie did not achieve its goals, and international pressure forced the Dutch government to accept a cease-fire and the Renville Agreement (17 January 1948). This agreement, however, did not lead to a solution. Provocative actions from both sides led to a tense military situation, and the Dutch for the second time resorted to military intervention with

27840-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

28014-528: Was established as a joint venture between Philips, the Taiwan government and other private investors. In 1990, the newly appointed CEO, Jan Timmer, decided to sell off all businesses that dealt with computers which meant the end of Philips Data Systems as well as other computer activities. In 1991, the businesses were acquired by Digital Equipment Corporation. In 1991, the company's name was changed from N.V. Philips Gloeilampenfabrieken to Philips Electronics N.V. At

28188-476: Was established in Batavia (now Jakarta ), which became the center of the VOC's Asian trading network. To their original monopolies on nutmeg , peppers , cloves and cinnamon , the company and later colonial administrations introduced non-indigenous cash crops like coffee, tea, cacao, tobacco, rubber, sugar and opium, and safeguarded their commercial interests by taking over surrounding territory. Smuggling,

28362-409: Was financial, as the Dutch state at that time did not want to spend the money necessary to free the slaves on the more distant islands. Another reason was to appease local rulers and to prevent political turmoil. Due to the lax policy of the Dutch state slavery persisted in parts of the Dutch East Indies well into the 20th century. From the arrival of the first Dutch ships in the late 16th century, to

28536-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

28710-589: Was held at the internment camp for political prisoners at Vught for several months because a strike at his factory reduced production. For his actions in saving the hundreds of Jews, he was recognized by Yad Vashem in 1995 as a " Righteous Among the Nations ". After the war, the company was moved back to the Netherlands, with their headquarters in Eindhoven . In 1949, the company began selling television sets . In 1950, it formed Philips Records , which eventually formed part of PolyGram in 1962. Philips introduced

28884-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

29058-399: Was marketed as the "radio recorder", and is now better known as the boombox . Later, the cassette was used in telephone answering machines , including a special form of cassette where the tape was wound on an endless loop. The C-cassette was used as the first mass storage device for early personal computers in the 1970s and 1980s. Philips reduced the cassette size for professional needs with

29232-604: Was named the new president and CEO of Philips Semiconductors. McGregor's appointment completed the company's shift to having dedicated CEOs for all five of the company's product divisions, which would in turn leave the Board of Management to concentrate on issues confronting the Philips Group as a whole. In February 2001 Philips sold its remaining interest in battery manufacturing to its then partner Matsushita (which itself became Panasonic in 2008). In 2004, Philips abandoned

29406-509: Was restored in 1816 on the basis of the Anglo-Dutch Treaty of 1814 . The Commissioners-General of the Dutch East Indies reformed the public finances of the colony and drew up a new Regeringsreglement that would define the government of the colony for a century. Under the 1824 Anglo-Dutch Treaty the Dutch secured the Kepaksian Pernong Sekala Brak and British settlements such as Bengkulu , both in Sumatra , and

29580-560: Was ruled under Islamic kingdoms , except Bali that retained a Hindu majority. Sultanates, city states , local kingdoms and tribes were all connected through trade, creating a mixed Hindu-Buddhist-Islamic culture , and Malay as a lingua franca throughout the region. The islands were known to the Europeans and were sporadically visited by expeditions such as that of Italians Marco Polo in 1292 and Odoric of Pordenone in 1321. The first Europeans to establish themselves in Indonesia were

29754-476: Was soon discontinued after being heavily criticized amongst the gaming community. In the 1980s, Philips's profit margin dropped below 1 percent, and in 1990 the company lost more than US$ 2 billion (biggest corporate loss in Dutch history). Troubles for the company continued into the 1990s as its status as a leading electronics company was swiftly lost. In 1985, Philips was the largest founding investor in TSMC which

29928-494: Was subject to their respective adat law and to indigenous regents and district courts, unless cases were escalated before Dutch judges. Following Indonesian independence, the Dutch legal system was adopted and gradually a national legal system based on Indonesian precepts of law and justice was established. By 1920 the Dutch had established 350 prisons throughout the colony. The Meester Cornelis prison in Batavia incarcerated

30102-555: Was the creator of the eICU concept of the use of Telemedicine from a centralized facility to monitor and care for ICU patients. The Philips physics laboratory was scaled down in the early 21st century, as the company ceased trying to be innovative in consumer electronics through fundamental research . In 2010, Philips introduced the Airfryer brand of convection oven at the IFA Berlin consumer electronics fair. Philips announced

30276-401: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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