The Success Philosophy of a Japanese Billionaire
Here’s a look by Bloomberg at an intriguing Japanese billionaire and Buddhist priest named Kazuo Inamori. He is an 83 year old tycoon who has been involved with growing several large corporations. What was the key to his success? Well it’s one I have espoused since the beginning my career.
Spend your time making staff happy instead.
“If you want eggs, take care of the hen,” Inamori said in an interview on Oct. 23. “If you bully or kill the hen, it’s not going to work.”
It doesn’t work in reverse. If you focus on your shareholders your staff and customers will become dissatisfied. However, if you focus on your staff first and customers second, the investors will be taken care of. Obviously there are limits to how far one should go in trying to keep employees happy. Recently a few large companies announced that they are going to offer up to 52 weeks of paid maternity/paternity leave to new parents. Personally, I can’t see how this could be sustainable.
Read more about how Inamori used this philosophy to create electronics giant Kyocera Corp, $64 billion phone carrier KDDI Corp., as well as rescue Japan Airlines Co. from its recent bankruptcy.
Click here.
2 Responses to The Buddhist Priest Who Became a Billionaire
Leave a Reply
I agree. However, creating a fine tuned team is a titanic task and some chicken never laid eggs.
For it is important at the get go to evaluate and assess the fowl I have , how many are hens and how many are cocks, then and only then I know who to feed corn , who I will have for supper.