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Love Your
Job To Do It Well
Konosuke
Matsushita made the rule "What you enjoy,
you do well" his guide. If you like your
work to the point that you think it is your
natural calling, you'll be
innovative and flexible,
confident in making decisions and
acting
on them, and successful as you move toward
your goals. If, on the other hand, you think
management is a worthwhile occupation but
are only in the job for wanting something
better to do, it will be difficult for you
to become successful in your work.
The Power of Passion
Do What
Common Sense Dictates
If there is a
formula for business success, Matsushita
felt, it is operating in this
straightforward, down-to-earth way, as
simply and sensibly as opening an umbrella
in the rain.
Smart Executive
Follow the
Laws of Nature
Obey the laws
of nature: this is the very core of Konosuke
Matsushita’s business philosophy. Successful
business is ordinary, normal business,
selling at a price that allows a fair margin
or profit, collecting payment on time, and
so on. Clever strategies and careful
calculations may be important, but simple
universal laws must always be observed.
Yin and Yang of Business Success
A Leader Should Have a
Vision
Leaders
in any field should always have a clear
vision
of what they want to do, and only then
approach others for support or opinions. A
leader who serves as a firmly fixed axis can
most effectively mobilize others and
maximize the results of what they do.
Dreams
Should Be Shared
Matsushita
became known as the "manager who talked
about his dreams," He took every
opportunity to inform his employees of his
plans and dreams for the company's future.
It was those dreams that directed and
inspired the people
who worked for him.
Inspirational Leader: 10 Roles
Management
Is Perpetual Creation
For Konosuke
Matsushita, business was a
creative
activity;
it was a process of producing something
valuable out of nothing. You start with an
idea for an enterprise. Then you hammer out
a basic plan, raise the necessary capital,
and put together the necessary facilities
and equipment. Finally, you hire employees,
develop a line of products, manufacture
them, thereby making a contribution to
society. Moreover, each area of management
has its own mode of operation, and anyone
hoping to succeed in business must be able
to adapt those modes quickly to the
constantly changing social and economic
environment.
Entrepreneurial Leader:
4 Specific Attributes
Don't Assume
That Something Is “Impossible“
"We speak of
the shortcomings of the purely intellectual
approach, but this refers to our wariness of
half-baked theories that can prevent us from
proceeding to a practical solution,” said
Matsushita. “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."
Be Different and Make
a Difference!
Transparent
Management Fosters Growth
Konosuke
Matsushita believed that openness in
management practice is crucial to a business
that seeks to grow. As his small
company grew larger, Matsushita made it a
regular monthly practice to announce the
details of the company's accounts for all
employees, from top executives to the lowest
apprentice to see for themselves. That
practice "made the atmosphere in the
workshop much brighter."
Satisfaction of employees was directly
linked to the company's growth as people
felt their contribution was important.
Managerial Communication
Dam Management
Various
economic factors can inhibit corporate
growth. Konosuke Matsushita believed,
however, that continued progress is possible
with the right approach, such as by
employing what he called the "dam method" of
management. Matsushita's dam management
offered a way to keep an enterprise on an
even keel in times of unexpected changes in
business conditions, and included useful
techniques for achieving the goal of
maintaining steady growth at all times. It
is essential to create a strong internal
structure capable of surviving the economic
crises that might lie ahead. A business can
maintain steady growth, and protect itself
against changes in the external environment,
by erecting a dam and reservoir in every
part of its management, such as an
"equipment dam" and a "capital dam" that
provide insurance for
stable growth.
6Ws of Corporate Growth
Bad Times
Have Their Bright Side
“When you're
galloping, you have no time to look around
you, so you don't notice any problem. But
when your pace slackens, you can see
everything in all directions, and if you
notice something wrong you have time to fit
it.”...
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