History provides us with ample evidence of how people can grow through challenges. Individuals, organizations and even nations often achieve remarkable growth as a result of becoming fully aware of reality in the face of a very difficult situation, and by making maximum efforts with a firm determination to remove obstacles in the path of natural development toward a particular goal. In fact, nobody achieves remarkable growth or builds a strong foundation under ordinary circumstances. When things are going smoothly, even a resourceful person may fail to grow. In the absence of challenges, people tend to become lazy and unenthusiastic. In the face of a very difficult situation, even an ordinary man comes alive and begins to strive with firm determination. Today we face a difficult situation. Take this as an opportunity. We should maintain our aspirations toward growth, be strong in spirit, remember our true mission, and continue to take the appropriate actions in a confident manner. As we continue such efforts, intelligence will awaken in us as never before. This intelligence will then give rise to creativity, bringing about surprising development in manufacturing, technology and sales. Because I trust in this process, my heart becomes even more courageous in the face of difficulties. This assures me. This makes me believe that we are going to be alright.
Throughout the history of Matsushita Electric, we have always given birth to something new whenever we were faced with a difficult situation. Since I have faith in this process, I predict now that today's historic challenge will serve as the seedbed for tomorrow's historic growth. The efforts we are going to make this year will be very valuable, and could serve us well for the next hundred years. In other words, this year, we are going to build a really good foundation for the future growth of Matsushita Electric.
Konosuke Matsushita, from a speech during the Annual Management Policy Meeting for FY1958