The rise and fall of Sony
Here is a Japanese fairy tale for Christmas. An allegory of insight, opportunism and a fall from favour. It is 1945. Japan is devastated and disgraced, but two bright young men, Akio Morita and Masaru Ibuka, the first a salesman, the second an engineer, have a plan to turn toxic ashes into precious metal. They have discovered a curious typewritten document published by the Civil Information and Education division of the US Occupation Forces. It is called ‘999 Uses for a Tape-Recorder’. In those days, people needed to be told these things. Inspired, they form a company called TTK and Ibuka writes in its Purposes of Incorporation that it will
