Its saviour was 77yearold retiree and ordained buddhist monk kazuo inamori, who became its chief executive officer and chairman with no previous experience in the aviation industry. In january 2010, japan airlines jal filed for bankruptcy protection under the corporate rehabilitation law with the largest debt of any company since the end of wwii. Japans government has turned to kazuo inamori, one of the countrys most revered entrepreneurs, and founder of the kyocera technology group, to. He was adamant that the staff must be happy, as opposed to the storied selfsacrificing, selfeffacing hallmarks of salaryman stoicism. Over the years, inamori codified his beliefs about management and business. The founder of kyocera, he imposed a buddhismbased business philosophy on the company, including.
Forget it, says kazuo inamori, entrepreneur, management guru and buddhist priest. Get premium, high resolution news photos at getty images. The drastic revamp efforts were led by kazuo inamori, the veteran executive who led jals turnaround, as he was persuaded in january 2010 to take the jal job by friends in japan s ruling political. Kazuo inamori is a japanese philanthropist, entrepreneur and the founder of kyocera corporation and kddi corporation. Management guru takes over at debtridden japan airlines. Kazuo inamori, director emeritus of ritsumeikan inamori. Japan airlines new ceo holds a news conference getty images. After many years of entanglement with serious operational problems, it had become a great untidy mess that nobody could unravel. The buddhist priest who became a billionaire snubbing. Jan, 2010 japans government has turned to kazuo inamori, one of the countrys most revered entrepreneurs, and founder of the kyocera technology group, to lead japan airlines out of its looming bankruptcy. When inamori was named chief executive of japan airlines in 2010, he was 77 and had no experience in the industry.
Kazuo inamori, kyocera founder, on altruism in business. Japan airlines seeks expansion under new president. Jan 28, 2009 a private jet is an american ceos perk. Jan, 2010 kazuo inamori, the founder of electronics maker kyocera corp, agreed on wednesday to become the new chief executive of japan airlines, as the carriers shares plunged ahead of its expected bankruptcy. In october 1990, japan air charter was established, and, in september 1996, an agreement with the walt disney company made japan airlines the official airline of tokyo disneyland.
At the age of 77, inamori became the chief executive officer of japan airlines when it entered bankruptcy protection on january 19, 2010, and led the air carrier through its restructuring, eventually allowing the company to relist on the tokyo stock exchange in november 2012. When kazuo inamori took on the task of leading the turnaround of japan airlines co. A japan airlines corporation jal model plane is displayed during a press conference where kazuo inamori is announced as the new ceo, at hotel nikko tokyo on february 1, 2010 in tokyo, japan. Japan airlines ipo hallmark of kazuo inamoris turnaround program. Kazuo inamori kazuo inamori photos japan airlines new. Its a good thing kyocera founder kazuo inamori is also an ordained buddhist monk, because hell need all the assistance he can getdivine or otherwiseto. Kazuo inamori has 29 books on goodreads with 1866 ratings. Inamoris unusual background leads to a book atypical of business and spirituality genres. Kazuo inamori, founder of kyocera and kddi, took over as ceo of jal.
Kazuo inamori born january 30, 1932, japanese entrepreneur. This is jals japan airlines corporate website,where you can view corporate information, safetyflight information, and csr information, etc. How a buddhist monk turned ceo revived japan airlines from bankruptcy. The worlds biggest turnaround story japan airlines relists. Japan airlines seeks expansion under new president nikkei. Japan airlines began the 1990s with flights to evacuate japanese citizens from iraq before the start of the gulf war. But then it became a textbook example of what could go wrong in an airline. At the urging of the japanese government, inamori accepted the position of chairman in order to spearhead jals restructuring. Nov 05, 2015 when inamori was named chief executive of japan airlines in 2010, he was 77 and had no experience in the industry. Executive officers about jal japan airlines corporate.
But then it became a textbook example of what could go wrong in an. Kazuo inamoris most popular book is a compass to fulfillment. How inamori rescued japan airlines by scolding management by pernille rudlin in corporate brands, values and mission, human resources, management and leadership kazuo inamori, founder of kyocera and kddi, has become a famous figure in japan now with his rescue of japan airlines. We respect that this was an important decision for japan airlines and the government of japan, and we believe they have made the right choice for jals many stakeholders, for japans national interests and for consumers traveling between japan and the united states, said. He told the bbcs mariko oi that he was an amateur in the. Jal, nihon koku kabushikigaisha, also known as nikko, is an international airline, japans flag carrier, headquartered in shinagawa, tokyo. Before kazuo inamori, founder of electronics firm kyocera corp, was brought in as chairman of bankrupt japan airlinesin 2010 he avoided flying on the carrier because he thought the service was bad.
Jan 14, 2010 its a good thing kyocera founder kazuo inamori is also an ordained buddhist monk, because hell need all the assistance he can getdivine or otherwiseto tackle his latest challenge japan s. Bregier stepped up his campaign in an encounter with jal chairman kazuo inamori at the world economic forum in davos days later. Kyocera founder inamori named jal chief financial times. The acclaimed ceo of japan airlines, author inamori is the founder of multinational manufacturing company kyocera, an organic chemist by training, and an ordained buddhist cleric. Kazuo inamori, chairman of japan airlines, explains how chats over beer helped him plot the revival of the firm from bankruptcy. The government intervened with a bailout and the founder of hitech giant kyocera was its choice as the new chairman. Amoeba management ebook by kazuo inamori 97814665789. Jun 21, 2019 at the age of 77, inamori became the ceo of japan airlines when kwzuo entered bankruptcy protection on january 19,and led the air carrier through its restructuring, eventually allowing the company to relist on the tokyo stock exchange in november his brand of happiness inakori from working harder than anyone else. But those were the exact words of kazuo inamori who is now credited with japan airlines jal dramatic revival less than three years ago. After taking the ceo role without pay, he printed a small book for each staff member on his philosophies, which declared that the company was devoted to their growth. Comments by american airlines ceo gerard arpey on japan. The worlds biggest turnaround story japan airlines.
Kazuo inamori, founder and chairman emeritus of kyocera corp. In 2010, inamori was named ceo of thenbankrupt japan airlines, a role he initially took on without pay. Today, in commemoration of the opening of the ritsumeikan inamori philosophy research center, i would like to speak about the significance of rita no kokoro for business administration and share with. Japan airlines president yoshiharu ueki, chairman kazuo inamori and. In 2011, he received the othmer gold medal for outstanding contributions to progress in science and chemistry.
Beer with boss kazuo inamori helps japan airlines revival bbc. The buddhist priest who became a billionaire snubbing investors by. Japan airlines has achieved an outstanding recovery. Kazuo inamori, the chairman of japan airlines, says he needed some persuading before he took up the job at the governments request. Nov 29, 2012 japan airlines jal went bankrupt on january 19, 2010, kazuo inamori turned around jal, and jal went public again on tokyo stock exchange on september 19, 2012, returning substantial profit for the enterprise turnaround initiative corporation of japan fund. He comes to work on the city bus, cbs news correspondent barry petersen reports. Books by kazuo inamori author of a compass to fulfillment. A japan airlines corporation model plane is displayed during a press conference where kazuo inamori is announced as the new ceo, at hotel nikko tokyo on february 1, 2010 in tokyo, japan. Kazuo inamori, director and chairman emeritus of japan airlines, founder and chairman emeritus of kyocera corporation, and honorary adviser of kddi corporation, delves into decades of experience creating and implementing this system to supply you with invaluable operational guidance on how to monitor and manage every aspect of your company. Japan airlines flight 123 was a scheduled domestic japan airlines passenger flight from tokyos haneda airport to osaka international airport, japan. In one of his books, respect the divine and love people, inamori says his. The drastic revamp efforts were led by kazuo inamori, the veteran executive who led jals turnaround, as he was persuaded in january 2010 to take the jal job by friends in japans ruling political.
Amoeba management ebook by kazuo inamori rakuten kobo. After airbus won against boeing for the business of japan airlines last year, the firms chief financial officer told cnbc airbus was just better. Inamori leads jals restructuring using the kyocera philosophy to rebuild jal. Wikimedia commons has media related to kazuo inamori. He became chairman of japan airlines jal, now japan airlines co. Inamori imposed a buddhismbased business philosophy on everyone in the company, down to obligatory education sessions. Former japan airlines ceo reminds us of what a great boss. After taking the ceo role without pay, he printed a small book for each. Each amoeba leader is responsible for drafting plans and goals for the unit. Japan airlines ceo worked for 3 years without pay to save.
Japans government has appointed kazuo inamori, a buddhist monk and revered. Kyocera produces electronic equipment and components for. Apr 18, 20 kazuo inamori, who made a quick turnaround of japan s former flagship airliner, says that jal employees should remain humble in an interview with the wall street journal. How airbus flew into japan skies the economic times. Nov 15, 2012 kazuo inamori, the chairman of japan airlines, says he needed some persuading before he took up the job at the governments request. Practical, inspirational, and spiritual insight from japans leading entrepreneur inamori, kazuo on.
Japan airlines gets new ceo as bankruptcy looms reuters. The next year, he returned the carrier to profit and led it out of bankruptcy. As japan airlines ceo, kazuo inamori, also led a remarkable japanese business turnaround. Chairman emeritus kazuo inamori will retire from jals board of directors on march 31, effectively giving its management a freer hand, a source. Inamori kazuo pdf forget it, says kazuo inamori, entrepreneur, management guru and buddhist priest.
Kazuo inamori, who made a quick turnaround of japans former flagship airliner, says that jal employees should remain humble in an interview with the wall street journal. Japan airlines corporation jal new ceo and kyocera honorable chairman kazuo inamori poses during the press conference at hotel nikko tokyo on february 1, 2010 in tokyo, japan. Amoeba management is a unique management method that inamori created while striving to uphold kyoceras management rationale. Kyocera produces electronic equipment and components for semiconductors, telecom equipment and more. Jul 30, 2012 when kazuo inamori took on the task of leading the turnaround of japan airlines co. His tactics included distributing a book of his leadership philosophy to staff. Buddhist priest who became a billionaire snubbing investors kyoceras inamoris lessextreme capitalism is a product of japanese society, which he says is less willing to accept gaps between haves and havenots than western economies. Kazuo inamori is quietly explaining what he found when he took over as chairman of nearbankrupt japan airlines in. Mr kazuo inamori became japan airlines ceo and chairman with no. May 28, 2017 kazuo inamori, kyocera founder, on altruism in business. Its main hubs are tokyos narita international airport and tokyo international airport haneda airport, as well as osakas kansai international airport and osaka international airport. Japan airlines ipo hallmark of kazuo inamoris turnaround. Kazuo inamori, chairman of japan airlines, explains how chats over. Japan airlines jal went bankrupt on january 19, 2010, kazuo inamori turned around jal, and jal went public again on tokyo stock exchange on september 19, 2012, returning substantial profit for the enterprise turnaround initiative corporation of.
Nov 15, 2012 kazuo inamori, chairman of japan airlines, explains how chats over beer helped him plot the revival of the firm from bankruptcy. Jal express was established in april 1997, with boeing 737 aircraft. It has been my golden rule since i founded kyocera when i was 27. At the age of 77, inamori became the ceo of japan airlines when it entered bankruptcy. With public outrage over spending behaviors of american ceos, barry peterson profiles the ceo of japan airlines who rides the bus to work.
Inamori has been an international advisor of goldman sachs group, inc. Former japan airlines ceo reminds us of what a great boss should really be like. Business wisdom from billionaire buddhist priest dr. Kazuo inamori, the founder of electronics maker kyocera corp, agreed on wednesday to become the new chief executive of japan airlines, as the carriers shares plunged ahead of. Beer with boss kazuo inamori helps japan airlines revival. How a buddhist monk turned ceo revived japan airlines. Kazuo inamori, inamori kazuo, born january 21, 1932 is a japanese philanthropist, entrepreneur and the founder of kyocera and kddi.
In 2012 he relisted it on the tokyo stock exchange. Tokyo the incoming president of japan airlines appears ready to explore new avenues for growth while keeping a firm grip on costs, c japan airlines seeks expansion under new president nikkei. Jal, right, attends a news conference with masaru onishi, president and chief operating officer, in tokyo. Practical, inspirational, and spiritual insight from japans leading entrepreneur. Aug 03, 2019 kazuo inamori is the founder and chairman emeritus of manufacturing firm kyocera. On august 12, 1985, a boeing 747sr operating this route suffered a sudden decompression twelve minutes into the flight and crashed in the area of mount takamagahara, ueno, gunma prefecture, 100 kilometres 62 miles. Amoeba management begins with dividing an organization into small units called amoebas. At the age of 77, inamori became the ceo of japan airlines when it entered bankruptcy protection on january 19, 2010, and led the air carrier through its restructuring, eventually allowing the company to relist on the tokyo stock exchange in november 2012. Kazuo inamori, kyocera founder, on altruism in business financial. We respect that this was an important decision for japan airlines and the government of japan, and we believe they have made the right choice for jals many stakeholders, for japan s national interests and for consumers traveling between japan and the united states, said gerard arpey, americans chairman and ceo.
Japan airlines, together with malev and royal jordanian, joined the alliance on 1 april 2007. Staff must be on board with the goals and guiding philosophies of the business. As japan airlines ceo, kazuo inamori also led a remarkable japanese business turnaround. Kazuo inamori, chairman and chief executive officer of japan airlines corp. Japan airlines claimed that its oneworld membership would be in the best interests of the airlines plans to further develop the airline group and its strong commitment to provide the very best to its customers. Over the years, inamori codified his beliefs about management and business into what is known as the kyocera philosophy. How a buddhist monk turned ceo revived japan airlines from. Kazuo inamori is the founder and chairman emeritus of manufacturing firm kyocera. Apr 01, 2020 kaauo when inamori was named chief executive of japan airlines inhe was 77 and had no experience in the industry. Feb 08, 2009 with public outrage over spending behaviors of american ceos, barry peterson profiles the ceo of japan airlines who rides the bus to work. How inamori rescued japan airlines by scolding management.
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