The Basic Business Philosophy as the Foundation of the Business
Panasonic’s Basic Business Philosophy helps it to determine its objectives, approach to business activities, and the general direction of the company. This philosophy comprises the Basic Management Objective, Company Creed and Seven Principles. Together these guidelines serve as a compass, helping it set and maintain the right direction for the business. This Basic Business Philosophy is timeless and remains valid regardless of where the direction business takes.
Basic Management Objective
The company’s founder ‘Konosuke Matsushita’, formulated Panasonic Corporation’s Basic Management Objective in 1929.
“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.”
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.
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.
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.
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.
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.
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.
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.
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.