Friday, August 28, 2015

Success Rules From Konosuke Matsushita

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.
 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.

Some famous business success quotes form Konosuke Matsushita.
  1.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.
2.Anything worth doing is worth 100%.
3.Business is people.
4.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.
5.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.
6.If necessity is the mother of invention, then simple, unaffected determination is its father.
7.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.
8.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.
9.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.
10.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.
One piece of advice Konosuke Matsushita gave to his employees in the early days of the company was: You may be a well-educated, clever and virtuous person, but those qualities will not necessarily make you a successful businessman. In addition, you must acquire the knack for business. This is to be done “by giving your best to each and every task you take on, and by reflecting on your performance with an honest and unprejudiced eye. If you do this constantly, day after day, eventually you will be able to do your job unerringly." In other words, you acquire the secret to business success gradually by applying yourself with conscious effort from day to day.
Last but not the least  Youth is not a time of life – it is a state of mind.Nobody grows old by merely living a number of years; people grow old only by deserting their ideals.
If you want to be a successful business person whatever small or big business you are in. Take a note of all this successful moral business values it can lead you to live truly rich life both inside out. What I call Live Life Kingsize. Best wishes always on your way friends ..Be Rich!!!
Be Happy. God Bless.

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