Konosuke Matsushita, our founder, established a management philosophy that has always been a cornerstone of the Panasonic Group’s (Panasonic electronic equipment) corporate operations. The Basic Management Objective, Company Creed, and Seven Principles are the cornerstones of our management philosophy. By disclosing these to our clients, associates, and shareholders, we have committed to acting by this philosophy. We have also asked our stakeholders to evaluate our performance against this commitment.
We are in the process of switching to a new operating company system as part of our ongoing pursuit of fully autonomous, accountable management. This commitment is supported by the Basic Business Philosophy. Taking into account the changes in social conditions and the business environment. We have now significantly updated the Basic Business Philosophy for the first time in roughly 60 years. To the best of our ability and skill, each Panasonic Group employee must clearly define their ideal outcome. Each employee should also be able to clearly articulate a strategy or path to achieve it. And they should then be able to explain how their strategy or path aligns with the company’s business philosophy
We’ll explain our fundamental business tenets to you and promise to live by them. The Panasonic Group (Panasonic electronic equipment) will advance toward realizing an ideal society offering material and spiritual abundance by having every employee continue to behave in a way that meets your expectations.
