jsc business week 4 part 1 three gods of japanese business doyoung park osaka gakuin university
TRANSCRIPT
JSC Business Week 4 part 1
Three Gods of Japanese Business
Doyoung ParkOsaka Gakuin University
World’s Most Respected Leaders
1. Bill Gates, Microsoft
2. Jack Welch, GE
3. Carlos Ghosn, Nissan
4. Warren Buffett, Berkshire Hathaway
5. Michael Dell, Dell
Financial Times 2008
Criteria of Top Leaders
•Skill to make a profit
•Business philosophy
•Role Model
Japan’s most respected CEO
1. Konosuke Matsushita, Panasonic2. Soichiro Honda, Honda3. Kazuo Inamori, Kyocera
Sumitomo Insurance Survery, 2007
Three Gods of Japanese Business
Konosuke Matsushita
1894-1989 Matsushita Electronics
Matsushita Panasonic JVC Victor Technics National
Konosuke Matsushita
God of management Japan’s most respected business leader Matsushita Leadership by John Paul Kot
ter, Simon and Schuster (1998)
Matsushita Management
“Matsushita makes the people and also produces electronics.”
Management of Human Resource
Matsushita Business 10 Lesson
1. Love Your Job To Do It Well2. Do What Common Sense Dictates3. Follow the Laws of Nature4. A Leader Should Have a Vision5. Dreams Should Be Shared6. Management Is Perpetual Creation7. Don't Assume That Something Is “Impossible“8. Transparent Management Fosters Growth9. Dam Management10. Bad Times Have Their Bright Side
Core Values of Matsushita Management
How to Manage Manpower Life-long employment Job sharing to keep employment during the
Great Depression 1930s Employees’ welfare
How to Prepare for future Crisis Strengthen the internal infra-structure Equipment dam, capital dam
Wind of Change in Employment
Part time laborers in manufacturing industry, 2002
Increasing part time laborers – Reducing employment cost
Economic crisis 2008 – massive lay-offs
Vanishing life-long employment tradition
Economic Malignant Cycle
Business slump-Lay-off – lower income – lower purchase power – business slump
Tent City for Jobless
Philip Kotler, Northwestern University Old Normality: Recession – Recovery New Normality: Age of Crisis Chaotics Model
Matsushita for Crisis
How to stable employment security
How to prepare the crisis Matsushita model again?
Soichiro Honda
1906-1991 Honda Motor Co.
Honda Management
Separation of ownership and management Famous retirement story No Hondas in the executive group Different from Toyota
Enthusiasm for cutting-edge technology Engineer CEO
Quick Communication No president’s room
Honda Motto
“Don’t be afraid of failure, be afraid of doing nothing.”
Honda Super Cub
World’s best selling motor cycle, 1958-1991, 27,460,000
Pursuing High Technology
Technology for Crisis
Competition with Toyota Sales slump
Join F-1 Power of Honda engine 11/16, 1987 15/16, 1988
Honda of Technology
Created Honda brand image Shokunin CEO Engineer paradise
Kazuo Inamori
1932- Kyocera KDDI
Electronics, sola battery, parts Ceramics 189 companies 66,496 employees No deficit for 49 years
Ameba management
Small groups in a whole company Independent accounts Individual management Inside sales 3000 amebas in Kyocera
Sony’s Attempt
Individual groups in the company Vertical communication Sharing information Internal competition
Failure Closed mind Lost communication Group egoism
Core of Ameba Management
Cooperation of an employer and employees
Everyone is a manager Company as an extended family Sharing the vision Management ethics Honor reward
Reality
Panasonic Massive deficit Laid off 15,000 employees Closed 27 factories
Honda Under the shade of Toyota Behind the hybrid vehicle Lost the market share in Japan
Return of the Japanese Value
Focusing on human resource Techonology Sharing the vision
Next Session
Discussion Personal opinions on Japanese
ways of business administration Early course evaluation Current grade report