The world knows it by its name and quality products- Panasonic needs no introduction. At present, almost every home has at least one product labeled as Panasonic. No matter you wish for a better quality television set or want to have a swanky Smartphone, for all such gadget based requirements, people look at Panasonic with trust, reliability and quality demands.
History of Panasonic-
With having its headquarters in Kadoma, Osaka, Japan, Panasonic has been giving us the world-class quality products from 1918. Formerly known as Matsushita Electric Industrial Co., Ltd., this name represented the iconic business group till 2008 and later it was denoted as Panasonic which now has become a renowned brand name.
In 1918, Konosuke Matsushita came up with an idea of working as a vendor of duplex lamp sockets which grabbed a lot of attention in the short span of time. Though, he started from a small platform but later with the time, he grew bigger due to his quality products.
Later during World War II, he started expanding the sales of his range of products to different factories of Japan & Asia. This even included a wide series of Panasonic cordless tools which really steal the attention of the public, at that time.
Once the war was over, his clear plan was to regroup the association and introduce it on a higher level. He named his group as Keiretsu and started supplying a series of post-war boom via radio and other communication mediums to Japan and other nearby countries. This proved to be a great success and he successfully grabbed the attention of the nation.
In the late 1950s to 1970s, this business group started manufacturing VHS, VCRs, radios, television which gave a successful start and recognition to the products. And the reason was high-quality products within the affordable range. Later with the pace of time, they even managed to introduce, rice cookers, food processors and much more.
Panasonic- An innovative Thought
This innovative brand name has been inspiring us with the best quality gadgets and technical products throughout the years. It’s been almost 99 years, that Panasonic has made us trust technology because of its reliable series of products. Till now they have launched a string of Panasonic cordless tools and savvy electronic gadgets that are inspiring other brands to come up with something new & classy.
At present, Panasonic has around 330,000 staff members working under it along with 580 subsidiary companies which includes- Panasonic Avionics Corporation, Panasonic Electric Works, Universal Lighting Technologies, Kawakita Denki Kigyosha, Sanyo Electronic Co., Ltd and much more.
The company right now is enjoying a whopping amount of ¥7,846,216 million as the annual revenue generation. This amount is an approximate amount which varies with every year. To run the working proficient and smooth, Panasonic has three boards under it including- ‘business fields,’ ‘domain companies’ and ‘Solutions and Components & Devices’ to manage the work criteria aptly.
Such factors somehow helped Panasonic grow rapidly and get the deserving recognition in the world.