Akio Morita: Difference between revisions

Akio Morita
Akio Morita
Born	January 26, 1921; Nagoya, Aichi, Japan
Died	October 3, 1999 (aged 78); Tokyo, Japan
Nationality	Japanese
Known for	Sony

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Revision as of 16:42, 21 July 2011

Akio Morita KBE (盛田昭夫 Morita Akio, January 26, 1921, Nagoya, Aichi – October 3, 1999, Tokyo) was a Japanese businessman and co-founder of Sony Corporation along with Masaru Ibuka.

Early life

Morita's family was involved in sake, miso and soy sauce production in the Chita Peninsula, Aichi Prefecture since 1665. He was the oldest of four siblings and his father Kyuzaemon trained him as a child to take over the family business. Akio, however, found his true calling in mathematics and physics, and in 1944 he graduated from Osaka Imperial University with a degree in physics. He later joined the navy and served as a lieutenant during World War II. During his service, Morita met his future business partner Masaru Ibuka in the Navy's Wartime Research Committee.

Sony

On May 7, 1946, Morita and Ibuka founded Tokyo Tsushin Kogyo Kabushiki Kaisha (Tokyo Telecommunications Engineering Corporation, the forerunner of Sony Corporation) with about 20 employees and initial capital of ¥190,000. Ibuka was 38 years old, Morita, 25. Morita's family invested in Sony during the early period and was the largest shareholder.

In 1949, the company developed magnetic recording tape and in 1950, sold the first tape recorder in Japan. In 1957, it produced a pocket-sized radio (the first to be fully transistorized), and in 1958, Morita and Ibuka decided to rename their company Sony (sonus is Latin for sound, and Sonny-boys is Japanese slang for "whiz kids").^[2] Morita was an advocate for all the products made by the Sony Corporation. However, since the radio was slightly too big to fit in a shirt pocket, Morita made his employees wear shirts with slightly larger pockets to give the radio a "pocket sized" appearance. In 1960, it produced the first transistor television in the world. In 1975, it released the first Betamax home video recorder, a year before VHS came out. In 1979, the Walkman was introduced, making it the world's first portable music player. In 1984, Sony launched the Discman series which extended their Walkman brand to portable CD products.

In 1960, the Sony Corporation of America was established, as SONAM, in the United States. In 1961, the Sony Corporation of America was the first Japanese company to be listed on the New York Stock Exchange, in the form of American Depositary Receipts (ADRs), which are traded over-the-counter. Sony bought CBS Records Group, which consisted of Columbia Records, Epic Records and other CBS labels in 1988 and Columbia Pictures Entertainment (Columbia Pictures, TriStar Pictures and others) in 1989.

On November 25, 1994, Morita stepped down as Sony chairman after suffering a cerebral hemorrhage while playing tennis. His successor, Norio Ohga, had joined the company after sending Morita a letter denouncing the poor quality of the company's tape recorders.

Other affiliations

Morita was vice chairman of the Keidanren (Japan Federation of Economic Organizations), and was a member of the Japan-U.S. Economic Relations Group, also known as the "Wise Men's Group".

Publications

In 1966, Morita wrote a book called Gakureki Muyō Ron (学歴無用論, Never Mind School Records), where he stresses that school records are not important to success or one's business skills. In 1986, Morita wrote an autobiography titled Made in Japan. He co-authored the 1991 essay The Japan That Can Say No with politician Shintaro Ishihara, where they criticized American business practices and encouraged Japanese to take a more independent role in business and foreign affairs.

Awards

Morita was awarded the Albert Medal by the United Kingdom's Royal Society of Arts in 1982, the first Japanese to receive the honor. Two years later, he received the prestigious National Order of the Legion of Honor, and in 1991, was awarded the First Class Order of the Sacred Treasure from the Emperor of Japan. In 1993, he was awarded an honorary British knighthood (KBE). Morita received the International Distinguished Entrepreneur Award from the University of Manitoba in 1987.

Death

Morita suffered a stroke in 1993, during a game of tennis. On October 3, 1999, Morita died of pneumonia at the age of 78.

External links

References

^ Chronology About Akio Morita, Akio Morita Library
^ "Akio Morita". IEEE Global History Network. IEEE. Retrieved 21 July 2011.

@@ Line 23: / Line 23: @@
 On May 7, 1946, Morita and Ibuka founded ''Tokyo Tsushin Kogyo Kabushiki Kaisha'' (Tokyo Telecommunications Engineering Corporation, the forerunner of Sony Corporation) with about 20 employees and initial capital of ¥190,000. Ibuka was 38 years old, Morita, 25. Morita's family invested in Sony during the early period and was the largest shareholder.
-In 1949, the company developed magnetic recording tape and in 1950, sold the first tape recorder in Japan. In 1957, it produced a pocket-sized radio (the first to be fully [[transistor]]ized), and in 1958, Morita and Ibuka decided to rename their company Sony (sonus is [[Latin]] for [[sound]], and ''Sonny-boys'' is Japanese [[slang]] for "whiz kids"). Morita was an advocate for all the products made by the [[Sony Corporation]]. However, since the radio was slightly too big to fit in a shirt pocket, Morita made his employees wear shirts with slightly larger pockets to give the radio a "pocket sized" appearance. In 1960, it produced the first [[transistor]] television in the world. In 1975, it released the first [[Betamax]] home video recorder, a year before [[VHS]] came out. In 1979, the [[Walkman]] was introduced, making it the world's first portable music player. In 1984, Sony launched the [[Discman]] series which extended their [[Walkman]] brand to portable CD products.
+In 1949, the company developed magnetic recording tape and in 1950, sold the first tape recorder in Japan. In 1957, it produced a pocket-sized radio (the first to be fully [[transistor]]ized), and in 1958, Morita and Ibuka decided to rename their company Sony (sonus is [[Latin]] for [[sound]], and ''Sonny-boys'' is Japanese [[slang]] for "whiz kids").<ref>{{cite web |url=http://www.ieeeghn.org/wiki/index.php/Akio_Morita |title=Akio Morita |author= |date= |work=IEEE Global History Network |publisher=IEEE |accessdate=21 July 2011}}</ref> Morita was an advocate for all the products made by the [[Sony Corporation]]. However, since the radio was slightly too big to fit in a shirt pocket, Morita made his employees wear shirts with slightly larger pockets to give the radio a "pocket sized" appearance. In 1960, it produced the first [[transistor]] television in the world. In 1975, it released the first [[Betamax]] home video recorder, a year before [[VHS]] came out. In 1979, the [[Walkman]] was introduced, making it the world's first portable music player. In 1984, Sony launched the [[Discman]] series which extended their [[Walkman]] brand to portable CD products.
 In 1960, the Sony Corporation of America was established, as SONAM, in the United States. In 1961, the Sony Corporation of America was the first Japanese company to be listed on the [[New York Stock Exchange]], in the form of [[American Depositary Receipt]]s (ADRs), which are traded over-the-counter. Sony bought CBS Records Group, which consisted of [[Columbia Records]], [[Epic Records]] and other CBS labels in 1988 and Columbia Pictures Entertainment ([[Columbia Pictures]], [[TriStar Pictures]] and others) in 1989.