Do What You Love To Do and Make a Difference! Articulate Your Vision Inspirational Leader: 10 Roles Entrepreneurial Creativity Be a Winner Motivating and Communicating Quotes from Great Corporate Leaders 10 Lessons from Konosuke Matsushita Turning Failures To Opportunities 1000ventures.com Ten3 BUSINESS e-COACH: Why, What, and How Dam Management Konosuke Matsushita: Success Story and Great Lessons The Tao of Change Management Corporate Management: 10 Lessons from Konosuke Matsushita

  

 

 

  Matsushita's 7 Principles of Management

  

 

 

  Creating Customer Value: 10 Lessons from Matsushita

 

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 Attributes

 

 

 

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.

 

   

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.

The Tree of Business

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.

12 Leadership Roles

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

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."

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.

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.”... More