Philips' Brand Licensing Program provides the brand licensees the possibility to tap into their worldwide brand advantage. The Philips brand is one of the most highly recognized and trusted brands in the world. Brands cannot be built overnight, and their on-going investments and marketing efforts have ensured continued growth of their brand momentum year-on-year.
Philips proposes a Brand Licensing Program to partners that are keen to leverage the Philips brand to take on the challenge in delighting consumers with "sense and simplicity". Brand licensees also benefit from Philips' innovation experience and go-to-market knowhow. This includes consumer insight validation, cross-category research and distribution opportunities. Regular joint business reviews fast-track the sharing of learnings, and provides the opportunity to forge a forward view of the market to continually grow the business.
Operationally, Philips also works with brand licensees to approve products, consumer care and marketing efforts to ensure that they are in-line with the Philips standard, and ultimately deliver on Net Promoter Scores.
Brand licensing arrangements typically requires a licensing initiation fee, minimum royalty commitment, approved business plan, agreed upon business metrics, and customary insurance and indemnification provisions. Brand license management meetings are conducted during joint business reviews, and on an ongoing basis.
Being a Philips brand licensee means a pledge to continually drive and deliver on our brand promise. To be considered, licensee will need to clearly demonstrate how their offering will enhance the value the Philips brand and the consumer experience. Conversely, licensee has to let Philips know how the Philips brand will enhance the value of their offering. Beyond consumer product creation and quality, other competencies licensee should also bring to the table include consumer care, marketing and distribution.
Philips proposes a Brand Licensing Program to partners that are keen to leverage the Philips brand to take on the challenge in delighting consumers with "sense and simplicity". Brand licensees also benefit from Philips' innovation experience and go-to-market knowhow. This includes consumer insight validation, cross-category research and distribution opportunities. Regular joint business reviews fast-track the sharing of learnings, and provides the opportunity to forge a forward view of the market to continually grow the business.
Operationally, Philips also works with brand licensees to approve products, consumer care and marketing efforts to ensure that they are in-line with the Philips standard, and ultimately deliver on Net Promoter Scores.
Brand licensing arrangements typically requires a licensing initiation fee, minimum royalty commitment, approved business plan, agreed upon business metrics, and customary insurance and indemnification provisions. Brand license management meetings are conducted during joint business reviews, and on an ongoing basis.
Being a Philips brand licensee means a pledge to continually drive and deliver on our brand promise. To be considered, licensee will need to clearly demonstrate how their offering will enhance the value the Philips brand and the consumer experience. Conversely, licensee has to let Philips know how the Philips brand will enhance the value of their offering. Beyond consumer product creation and quality, other competencies licensee should also bring to the table include consumer care, marketing and distribution.