What Happened To Panasonic?
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Panasonic is one of the most iconic Japanese electronic companies of all time. Against all odds, Pansonic rose from the ashes following WW2 and grew to dominate the global electronics market in a wide variety of industries from appliances to TVs. But, more recently, the state of Panasonic isn’t nearly as healthy or strong. In fact, Panasonic has been on a decline for the past 30 years during which time the company has laid off over 150,000 employees. But what’s even more concerning is that based on their balance sheet and financial statements, MacroAxis has given Panasonic a bankruptcy probability of over 100%. This massive fall from grace may seem surprising at first glance but when you take a look at how Panasonic has strayed away from their roots, it all starts to make sense. The 3 principles that allowed Panasonic to dominate the world were their willingness to always keep experimenting, pairing great products with even better marketing, and leveraging downturns to the max. However, the modern Panasonic doesn’t do any of this resulting in their current bleak state. This video explains the story of Panasonic and its visionary founder Konosuke Matsushita and what happened to Panasonic.
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Timestamps:
0:00Dire State
2:22Always Keep Experimenting
7:22Great Products Don’t Sell Themselves
10:44Downturns Are A Blessing
13:46The Brutal Fall
Thumbnail Credit:
ReutersToru Hanai
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
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