"Seiseihatten (birth, growth, development and transformation)" means that each day is new. The old things pass into oblivion, giving way to the new. All things are ceaselessly moving and changing. This is the law of nature and the pattern of the universe. All things in this world are affected by the principle of birth, growth, development and transformation. Our management, therefore, is also governed by this principle. At Panasonic, the reason we always strive to start afresh each day is based on the belief in our management principles that follow the laws of nature. The principle of birth, growth, development and transformation is one of the abiding truths of business.
Source : "The Heart of Management"