Vadim Kotelnikov    

Konosuke Matsushita (1894 – 1989)

Founder of Panasonic Corporation

   

Business e-Coach     

 

Konosuke Matsushita advice quotes

The main purpose of production is to manufacture items of good quality for daily use in abundant supply, thereby enhancing and improving the life for everyone and it is this goal that I am dedicated.

Konosuke Matsushita

Panasonic

 

Kaizen - Japanese Strategy for Continuous Improvement Team Culture Konosuke Matsushita Ten3 BUSINESS e-COACH: Why, What, and How The Tao of Business Success 30 Lessonf from Konosuke Matsushita: Corporate Management, Personnel Management, Customer Value Creation 7 Core Principles of Management Philosopy 7 Core Principles of Management Philosopy Konosuke Matsushita: 7 Core Principles of Management Philosophy of Panasonic 

Habits

of Konosuke Matsushita that Fostered His Growth1

Konosuke Matsushita Quotes

  • In order to do a good job a person must like what he or she is doing... 'Love thy work', and you will be successful Download PowerPoint presentation, pdf e-book... If you do things just because you have to, then you will never enjoy work. Nor will you do a good job if you do it simply out of a sense of duty. Stress is often a by-product of such passive or negative attitudes toward work. Paradoxically as it may sound, love of work can be the best medicine for workaholism.  >>>

Innovation is Love Download PowerPoint presentation, pdf e-book

  • It is a kind of law of nature. The goal one aims for can rarely be reached by a direct road.

  • The untrapped mind is open enough to see many possibilities, humble enough to learn from anyone and anything, forbearing enough to forgive all, perceptive enough to see things as they really are, and reasonable enough to judge their true value.

  • Anything worth doing is worth 100%.

  • Business is people.

  • A natural response to a natural phenomenon – that is the secret of success in business and management. You will always win if you rely on common sense.

  • No matter how deep a study you make. What you really have to rely on is your own intuition and when it comes down to it, you really don't know what's going to happen until you do it.

  • If necessity is the mother of invention, then simple, unaffected determination is its father.  >>>

  • Even when everyone around you say it's impossible, if you step back and rethink your task in the simplest possible terms, free of the noise of over-erudite and preconceived notions, often the solutions will come to you, out of the blue, so to speak.

  • Recognizing our responsibilities as industrialists, we will devote ourselves to the progress and development of society and the well-being of people through our business activities, thereby enhancing the quality of life throughout the world.

  • Our social mission as a manufacturer is only realized when products reach, are used by, and satisfy the customer... We need to take the customer's skin temperature daily.

  • Possessing material comforts in no way guarantees happiness. Only spiritual wealth can bring true happiness. If that is correct, should business be concerned only with the material aspect of life and leave the care of the human spirit to religion or ethics? I do not think so. Businessmen too should be able to share in creating a society that is spiritually rich and materially affluent.

  • If we cannot make a profit, that means we are committing a sort of crime against society. We take society's capital, we take their people, we take their materials, yet without a good profit, we are using precious resources that could be better used elsewhere.

  • Gratitude leads to happiness. Conversely, lack of gratitude is the curse of the unhappy.

   

Humble Beginnings

Konosuke Matsushita was born into a well-off landowning family in 1894. A decline in the family's fortunes during his childhood meant that Matsushita's education was cut short. At age 9 he became a brazier's apprentice, then a year later a bicycle shop apprentice. He stayed five years at the bicycle shop, picking up basic metalworking skills. At age 16 he went to work in the Osaka Electric Light Company.

Inventor and Entrepreneur

Konosuke Matsushita began the Panasonic’s journey by inventing a two-socket light fixture. This very important, yet elegantly simple, breakthrough led to what is now one of the world's largest electronics companies. Since its founding in 1918, Panasonic Corporation grew to become the largest Japanese electronics producer.

One of the traits that followed Matsushita throughout his career was a willingness to take risks. When Konosuke Matsushita began working for himself, in 1918, at the age of 23,  he had almost nothing: no money, no real formal education, no connections. Yet, his small firm Matsushita Electric Appliance Factory flourished under the guiding hand of a clever, wise, and inspired entrepreneur.

In the late 1980s, Matsushita’s revenues hit a whopping $42 billion. With nearly 20,000 employees, Matsushita grew such household brand names as National, Panasonic and Technics.

Matsushita's success has made him Japan's biggest yen billionaire. He has also made himself the most widely admired businessman in Japan.

 

 

Matsushita Basic Business Philosophy

The Matsushita Basic Business Philosophy consists of three elements... More

Paternal Management Philosophy

Matsushita believed that a company should create wealth for society as well as for shareholders, and should always work to alleviate poverty. His business philosophy led to the Japanese "paternal management" tradition, whereby employees are viewed as being part of a "family" within the company, and are assured of lifetime employment, without fear of layoffs.

 

  

Devising a New Management System

In 1933, Matsushita devised a new management system, dividing the company into three autonomous business units: radios, lighting & batteries, and synthetic resins/electro-thermal products.

7 Core Principles of Panasonic Management Philosophy

The Seven Core Principles comprise the foundation of Panasonic’s management philosophy... More

Areas Targeted by TQM in Japan

Continuous Improvement Firm  Download PowerPoint presentation, pdf e-book

Enriching the Society

To Matsushita, his mission of manufacture was to overcome poverty, to relieve society as a whole from misery, and bring in wealth. Business and production, to Matsushita, were not meant to enrich only the business owners, investors, employees or shops, but all the rest of the society as well. Matsushita never talked narrowly about maximizing shareholder value as the proper goal of an enterprise. Although he did speak often about generating wealth, his emphasized the psychological and spiritual aspects of being – for the good of all people. “Big idealistic / humanistic goals and beliefs are not incompatible with success in business. They may even foster achievement, at least in a rapidly changing context, by supporting those habits, which encourage growth,” Matsushita said.

 

 

References:

1. Matsushita Leadership, John P. Kotter

2. Velvet Glove, Iron Fist and 101 Other Dimensions of Leadership, Konosuke Matsushita

3. Following Henry Ford, Time

Kaizen: 5 Principles

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