Strategy Specialist at Philips

Job Title

Job Description

Strategy Specialist

Philips has 2 Strategy Specialist openings supporting the development of both short-term and long-term business strategies, ensuring alignment of resources, technology, and processes with organizational goals. You will collaborate cross functionally to integrate strategic insights into operational plans, monitor the progress of strategic initiatives and recommend improvements, conduct comprehensive research and analysis to identify and evaluate market trends and competitive dynamics and assist in preparing detailed business cases and strategic proposals.

Your role:

• Supports the development of short-term and long-term business strategies, ensuring that resource allocation, technology adoption, and business processes are aligned with strategic goals of the organization while working under limited supervision and broad guidelines. Collaborates closely with cross-functional teams to integrate strategic insights into operational plans, facilitating seamless execution of initiatives and ensuring alignment with business objectives.
• Monitors the progress and impact of strategic initiatives using advanced analytics and performance metrics to identify potential risks and opportunities and accordingly recommends improvements to existing business strategies. Assists in preparing detailed business cases and strategic proposals, in developing business plans and in completing all due diligence activities, leveraging data-driven insights and competitive intelligence to aid decision-making processes at senior leadership and executive levels.
• Conducts comprehensive research and analysis to identify and evaluate market trends, competitive dynamics, and emerging industry shifts, informing strategic decision-making at both the business unit and corporate levels. Provides support in developing and implementing strategic business models and frameworks to drive long-term growth and profitability, ensuring alignment with organization’s overarching goals and market positioning.
• Applies advanced problem-solving techniques to conduct root cause analyses of strategic challenges, providing innovative solutions that enhance business performance and strategic outcomes. Assists in creating presentations highlighting potential risks, opportunities and strategic recommendations to senior leadership, ensuring clear communication of complex ideas and actionable insights that drive informed decision-making.
• Cultivates effective relationship with key internal and external stakeholders, including business unit leaders, industry analysts, and market data providers, to ensure that strategic initiatives are informed by the most accurate and up-to-date information.

You're the right fit if:

• You’ve acquired 2+ years of experience in strategy consulting, corporate strategy, growth strategy, International Business or equivalent. Experience in finance, also preferred.
• Your skills include excellent PowerPoint and Excel experience required, as well as proficiency in Data Analytics, Business Intelligence Tools, Stakeholder Management, KPI Monitoring and Reporting, Portfolio Management, Strategy Development, Root Cause Analysis (RCA), Business Case Analyses, Consulting, , Business Modeling, Market Research & Analysis.
• You have a Bachelor's degree required, Master's Degree, preferred in Business, Economics, Science, Engineering or equivalent.
• You must be able to successfully perform the following minimum Physical, Cognitive and Environmental job requirements with or without accommodation for this position.
• You’re an expert problem solver, critical thinker and possess strong analytical ability.  

How we work together

We believe that we are better together than apart. For our office-based teams, this means working in-person at least 3 days per week. Onsite roles require full-time presence in the company’s facilities. Field roles are most effectively done outside of the company’s main facilities, generally at the customers’ or suppliers’ locations.

This is an office role.

About Philips

We are a health technology company. We built our entire company around the belief that every human matters, and we won't stop until everybody everywhere has access to the quality healthcare that we all deserve. Do the work of your life to help improve the lives of others.

• Learn more about our business.
• Discover our rich and exciting history.
• Learn more about our purpose.
• Learn more about our culture.

Philips Transparency Details

The pay range for this position in Cambridge, MA is $107,520 to $172,032.

The actual base pay offered may vary within the posted ranges depending on multiple factors including job-related knowledge/skills, experience, business needs, geographical location, and internal equity.   

In addition, other compensation, such as an annual incentive bonus, sales commission or long-term incentives may be offered.  Employees are eligible to participate in our comprehensive Philips Total Rewards benefits program, which includes a generous PTO, 401k (up to 7% match), HSA (with company contribution), stock purchase plan, education reimbursement and much more.  Details about our benefits can be found here. 

At Philips, it is not typical for an individual to be hired at or near the top end of the range for their role and compensation decisions are dependent upon the facts and circumstances of each case. 

Additional Information

US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa, now or in the future.

Company relocation benefits will not be provided for this position.  For this position, you must reside in or within commuting distance to Cambridge, MA.

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This requisition is expected to stay active for 45 days but may close earlier if a successful candidate is selected or business necessity dictates.  Interested candidates are encouraged to apply as soon as possible to ensure consideration.

Philips is an Equal Employment and Opportunity Employer including Disability/Vets and maintains a drug-free workplace.