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Matsushita's Basic Principles of Management
Claudia Picture
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Posted 16-03-2010Reply

I live in a country economically challenged, facing corruption, political fights, a country in which managers often believe that saving costs is efficiently done by reducing personnel costs, by decreasing quality and motivation.

In such a country some patriots still try to focus on the important and universal values of a nation who wants and needs progress.

I recently attended to a conference held in my city by the Prince Radu Hohenzollern Duda, about leadership and about the basic business philosophy of Matsushita.

Matsushita started his business from an idea for an electric plug but built an empire - Panasonic, who's sales exceed 60 billion dollars every year.

"Basic Management Objectives:

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.

Company Creed:

Progress and development can be realized only through the combined efforts and cooperation of each employee of our company. United in spirit, we pledge to perform our corporate duties with dedication, diligence and integrity.

Seven Principles

1. Contribution to Society

We will conduct ourselves at all times in accordance with the Basic Management Objective, faithfully fulfilling our responsibilities as industrialists to the communities in which we operate.

2. Fairness and Honesty

We will be fair and honest in all our business dealings and personal conduct. No matter how talented and knowledgeable we may be, without personal integrity, we can neither earn the respect of others, nor enhance our own self-respect.

3. Cooperation and Team Spirit

We will pool our abilities to accomplish our shared goals. No matter how talented we are as individuals, without cooperation and team spirit we will be a company in name only.

4. Untiring Effort for Improvement

We will strive constantly to improve our ability to contribute to society through our business activities. Only through this untiring effort can we fulfill our Basic Management Objective and help to realize lasting peace and prosperity.

5. Courtesy and Humility

We will always be cordial and modest, respecting the rights and needs of others in order to strengthen healthy social relationships and improve the quality of life in our communities.

6. Adaptability

We will continually adapt our thinking and behavior to meet the ever-changing conditions around us, taking care to act in harmony with nature to ensure progress and success in our endeavors.

7. Gratitude

We will act out of a sense of gratitude for all the benefits we have received, confident that this attitude will be a source of unbounded joy and vitality, enabling us to overcome any obstacles we encounter."

Konosuke Matsushita

Sounds so simple....what happened to this world who forgot its basic principles?

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