Quote

Americans make money by playing `money games,' namely mergers, acquisitions, by simply moving money back and forth ... instead of creating and producing goods with some actual value.

Akio Morita

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Akio Morita
Age: 78 †
Born: 1921
Born: January 26
Died: 1999
Died: October 3
Businessman
Businessperson
Engineer
Physicist
Make
Instead
Acquisition
Playing
Producing
Simply
Goods
Games
Actual
Values
Forth
Moving
Americans
Acquisitions
Money
Creating
Mergers
Back
Value
Namely

More quotes by Akio Morita

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I knew we needed a weapon to break through to the US market, and it had to be something different, something that nobody else was making.
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I have always made it a point to know our employees, to visit every facility of our company, and to try to meet and know every single employee.
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Carefully watch how people live, get an intuitive sense as to what they might want and then go with it. Don’t do market research.
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The company must not throw money away on huge bonuses for executives or other frivolities but must share its fate with the workers.
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If you don't want Japan to buy it, don't sell it.
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I believe one of the reasons we went through such a remarkable growth period was that we had this atmosphere of free discussion.
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From a management standpoint, it is very important to know how to unleash people's inborn creativity. My concept is that anybody has creative ability, but very few people know how to use it.
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A company will get nowhere if all of the thinking is left to management.
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America looks 10 minutes ahead Japan looks 10 years.
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The public does not know what is possible. We do.
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In the United States businessmen often do not trust their colleagues. If you trust your colleague today, he may be your competitor tomorrow, because people frequently move from one company to another.
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Japanese attitudes toward work seem to be critically different from American attitudes.
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The only sure thing is that in business there are no sure things.
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An enemy of innovation could be your own sales force.
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The remarkable thing about management is that a manager can go on for years making mistakes that nobody is aware of, which means that management can be a kind of a con job.
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To gain profit is important, but you must invest to build up assets that you can cash in in the future.
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Japanese people tend to be much better adjusted to the notion of work, any kind of work, as honorable.
Akio Morita
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While the United States has been busy creating lawyers, we have been busier creating engineers.
Akio Morita
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In the long run, no matter how good or successful you are or how clever or crafty, your business and its future are in the hands of the people you hire.
Akio Morita
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Advertising and promotion alone will not sustain a bad product or a product that is not right for the times.
Akio Morita