Kazua Inamori founded the Kyocera (Kyoto Ceramics) Company at 27 years of age, made it a success based on certain principles, established the Kyocera Corporation in California in 1976, founded DDI Corporation and Nippon Iridium and has donated 200 mn for the Inamori Foundation. His principles and philosophies are very simple - have no self interest, don't be a slave to money, grow other people, team before self, have big dreams and work relentlessly for them, find ways, empower people, be fair, be honest, be a learner, be humble. Harsha gave me this book to read and I found it validated many principles I believe in too.
The book has two parts - "How to Succeed in Life" and "How to Succeed in Business".
To succeed in life he says one must be the hero (like in a movie, write your script and be its hero, not a side character), learn from all sources available (much wisdom available in elders), have a purpose and work for it, look at yourself objectively know your areas of strength and weakness, put in continuous effort towards your goal and most importantly follow his formula of
Success = Ability X Effort X Attitude
Ability -
know where you stand objectively and try to learn and improve
overcome limitations through effort
imbibe some boldness and sensitivity which will help
control your instincts so you make better decisions (and not emotional ones)
focus your intellect
work on your character
to raise your ability you can set an impossible goal and work towards it with a time frame.
Effort
Work is spiritual satisfaction
grow through your work by setting big goals
open new eras by being passionate about them (begin every project assuming you are starting with nothing)
things change when you learn to love your work
concentrate on one thing - by mastering one thing completely, you gain access to all things
be open to learning (misfortunes an be blessings, just be open)
be humble and satisfied, do what's right
infuse your energy into others because then you will get success even when material resources are lacking (if team members say they will do it you have a 30% chance of success, if they say they will do their best you have a 50% chance of success but if you infuse your energy and they consider the project their own, you have a90% chance)
Make your team burn with passion.
Attitude
never give up in the darkest hour
believe in the right path
think win-win
to build trustworthy relationships understand that it is about your mind's reflection, trust comes from within
try to see things as they are, unselfishly, then you can achieve anything
a person's ability is measured by decisions - to make a good decision one must see things as they are
give attention to detail
the subconscious mind makes the right decisions
your inner compass leads to the right decisions
base your judgement on fundamental truths and principles.
To Succeed in Business he gives his formula of PASSION - Profit, Ambition, Sincerity, Strength, Innovation, Optimism and Never Give Up. Can't not succeed if you practice all these or even some of these. He looks at the enterprise as a drama on stage where everyone has a role to play and only when everyone does their role with commitment and passion do we have a successful play.
Profit -
In his words - it is about maximising revenues and minimising costs. Do not chase profits - just do these two diligently. Kyocera shifted priority from technology to employees and rewrote their mission as 'the management rationale is to provide opportunities for the material and intellectual growth of all employees and through our joint effort, contribute to the advancement of society and mankind.' He says profit is society's reward for those who serve its interests.
Believe in basic rules and principles.
Pricing is management.
The essence of management is to maximise profit while satisfying the customer fully.
Follow the P&L daily.
Develop an internal reserve and act like it does not exist
Set ambitious goals and share goals with everyone, the master plan. Then see that every unit has their own plan.
He advises us to wrestle from the centre of the ring which means don't wait till it gets dangerous. Always place group interest above yours.
Ambition
Our desire to succeed should be so strong that it reaches and permeates our subconscious mind.
Have a clear and strong vision.
Be a self starter.
Work from the centre of your vortex- excel in your work and radiate excellence from it.
Your passion to succeed will open paths where none existed before.
If you have a virtuous motive - you do not need to worry about the results.
Sincerity
Any business victory should create harmony.
Work with the heart as base - abandon self-interest.
Being virtuous is the ability to make others spontaneously respect us.
All members should share the same values. be a humble leader.
A balanced executive has the qualities that posses dual extremes.
Practice great love where a great number of people get happiness form your work. Little love keeps everyone small.
Evaluate, assign and follow up - instruct rigorously and clearly, assign tasks, promote confidence, evaluate person's character, his or her attitude, constantly observe, follow up and coach.
Treat subordinates with love - give them guidance, discipline and training. Great virtue can be seen as being merciless but small virtue is seen as a great vice. Small love brings temporary popularity and short term results.
Show that you care in small ways - a pat, a word.
Communicate with the heart. Sincerity binds the speaker with the listener.
Strength
Strength is the courage to do the right thing.
One must sacrifice self interest, set a moral example. The team will reflect the leader.
Before you challenge and innovate prepare extensively on financial and mental side.
Be tough, push limits and open new paths.
Innovation
Be creative and encourage others to be creative so they make some improvement everyday.
Creativity - burst with energy.
Elevate the mid and see from a higher plane.
Face difficult situations head on - and when you do that you have access to divine intervention.
Don't lose your base when you innovate - stay stable at some place so you don't lose everything.
Take calculated risks.
Reject common sense, rebel against traditional thinking.
Optimism
Have a clear vision and stay optimistic.
Get high on your dream, live it.
Remove all fear of failure.
Conceive optimistically, plan pessimistically and execute optimistically.
Never Give Up
Progress comes from taking the same daily steps, however trivial they seem to appear.
Remember you don't fail until you stop.
Your desire must turn into conviction.
Pursue all possibilities, set high expectations.
Be a stern task master. Workers reflect leaders.
The joy and appreciation of colleagues is the reward we get. pursue perfection.
To influence others, be fair.
Ask questions, create a learning culture.
To create harmony, don't be greedy.
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Very nice. I liked his insights on people management, on detail, on simplicity and just the virtue of sincere, hard work. Thanks Harsha.

















