This article may seem very insignificant, however, when you look deeper into what Philips did, it tells you something important about this company. A company has to be alert at all times and take advantage of anything that could benefit their business. In this instance, Philips buying the Indian appliance maker Preethi shows how aggressive Philips is. There is no room to just get by while in the business world with the hundreds/thousands of companies competing over wealth and prosperity. This comes to show that Philips, while known for its consumer electronics, is flexible when there is a chance to prosper on a company such as Preethi. As stated in the article, the purchase of Preethi makes "Philips the clear leader in this specific fast-growing segment within the Indian domestic appliances market." This transaction shows that Philips is on the top of its game and is willing to do whatever is possible to benefit the most and take in the most profit.
http://economictimes.indiatimes.com/news/news-by-industry/cons-products/electronics/philips-buys-indian-appliance-maker-preethi/articleshow/7353284.cms
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