Pros
Product set is fantastic, and the challenges are great. Some of the people working there are super smart and want to take on the challenges. These are the people that are getting dissapointed and dissillusioned by the rest. The IT team there is fantastic, although they do not have enough engagement with the business, and this is a key area for improvement across departments.
Cons
Management culture is one of fear and stagnation. One would hope that the new Operations CEO Christophe Weber will put some rocket fuel in and also loose some of the dead-wood. They look like a potential Nokia with many of their current management staff. Managing by looking upwards to what they consider management expectations rather than downwards to what is actually happening on the ground is a critical issue. Real growth will come form emerging markets, and profitability from moving production from Belgium to overseas. Also remove the 'scientific' approach in management, to a more business based approach will be key.