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Panasonic Company History

Matsushita Electric (Panasonic) was founded in 1918, when 23-years-old Konosuke Matsushita, the founder started a small workshop with only two employees (his wife and brother-in-law) to make and market an improved attachment plug, which he designed. (Konosuke Matsushita passed away on April 27, 1989 at the age of 94.)

It is said that Rome wasn't built in a day. Everything that exists today has had a beginning. Everything has its own history and its own special set of circumstances that enabled it to develop and progress. I think we should be careful not to ignore or undervalue these background factors of an electronics company.

When we do things, we naturally place importance on getting results. However, even while doing something, I think we should place more emphasis on the process that gives birth to the results achieved. This practice will involve us with a natural humility and help us avoid making decisions that we will later regret.

The Matsushita Electric (Panasonic) of today, too, has been through a lot. There have been joys as well as sorrows. At times, it has seemed as though we were crawling through a narrow and dark tunnel. But even at those times, we continued to endure patiently and with dignity, joining hearts and hands together and keeping alive our traditional spirit.

We should be aware of the process of development that Matsushita Electric (Panasonic) has gone through. I especially hope that those in supervisory positions will have a thorough understanding of the company's history and vision, as well as knowledge related to their particular jobs.

Konosuke Matsushita
"A Knowledge of Company History," Management, Vol. 5 - in-company magazine published in 1959

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