I believe it is a big mistake to think that money is the only way to compensate a person for his work.
AKIO MORITAThe remarkable thing about management is that a manager can go on for years making mistakes that nobody is aware of, which means that management can be a kind of a con job.
More Akio Morita Quotes
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The company must not throw money away on huge bonuses for executives or other frivolities but must share its fate with the workers.
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The “patron saint” of Japanese quality control, ironically, is an American named W. Edwards Deming, who was virtually unknown in his own country until his ideas of quality control began to make such a big impact on Japanese companies.
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I believe people work for satisfaction.
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If we face recession, we should not lay off employees; the company should sacrifice a profit. It’s management’s risk and management’s responsibility.
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The public does not know what is possible. We do.
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If you trust your colleague today, he may be your competitor tomorrow, because people frequently move from one company to another.
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If you don’t want Japan to buy it, don’t sell it.
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My solution to the problem of unleashing creativity is always to set up a target.
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I often say to my assistants, “Never trust anybody,” but what I mean is that you should never trust someone else to do a job exactly the way you would want it done.
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Of course we have to make a profit, but we have to make a profit over the long haul, not just the short term, and that means we must keep investing in research and development.
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But make sure you don’t make the same mistake twice.
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Every action analysed and every responsibility assigned by an organisation chart.
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Don’t do market research.
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To have any one of these without the others is self defeating in business.
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The important thing in my view is not to pin the blame for a mistake on somebody, but rather to find out what caused the mistake.
AKIO MORITA