Founders
Episode 386 #386: Akio Morita: Founder of Sony
Founders

Episode 386: #386: Akio Morita: Founder of Sony

Founders

Episode 386

#386: Akio Morita: Founder of Sony

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from reading Made In Japan by Akio Morita

Akio Morita was a visionary entrepreneur and co-founder of Sony. Born as the first son and fifteenth-generation heir to a 300-year-old sake-brewing family in Japan, Akio eschewed the traditional path to forge his own legacy in electronics.

In post-war Japan, Akio joined forces with Masaru Ibuka to found Sony. They started in a burned-out department store with limited resources—to build their first product they had to buy supplies on the black market. Akio was determined to change the global perception of Japanese goods as poor quality. From day one he set out to build high-quality, differentiated products, targeted at affluent markets.

Akio believed in long-term vision over short-term profits, product innovation without market research, and brand building over immediate profits. Against all opposition, including inside of his own company, Akio invented one of the most successful consumer products of all time: The Walkman. It sold over 400 million units and inspired countless other entrepreneurs like Steve Jobs, Jeff Bezos, James Dyson, and Phil Knight.

This episode is what I learned from rereading Akio's classic 1986 autobiography Made In Japan.

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Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here.

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#386: Akio Morita: Founder of Sony

Introduction

David Senra: 40 years ago, a small group gathered in a burned-out department store building in war-devastated Tokyo. Their purpose was to found a new company. Their optimistic goal was to develop the technologies that would help rebuild Japan's economy. In this gathering was a young engineer, Akio Morita, then just 25 years old.

Today that company is one of the most powerful and respected multinational corporations in the world. Sony and Akio Morita is its outspoken founder. That is an understatement. The Sony story is one of consistently high quality merchandise and phenomenally successful marketing strategies masterminded by Morita, who realized he would have to create the markets for Sony's unprecedented products.

Morita's striking departure from the traditional Japanese business practice of making decisions by committee led to the spectacular success of Sony.

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