How A Former Monk Saved Japan Airlines | Inside The Storm | CNA Insider
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- čas přidán 6. 09. 2024
- In the late 1980s, Japan Airlines (JAL) was struggling with bankruptcy. Once the world’s number one airline, JAL was ailing after privatisation in 1987. Compared to Singapore Airlines, they had been government-owned and were not able to compete with other Japanese low-cost carriers (LLCs). Enter Dr Inamori Kazuo. An ordained monk, ex-CEO of Kyocera and the 49th richest man in Japan as of 2017. He defied traditional Japanese business culture by reforming the company according to the his Amoeba Philosophy.
By 2012, JAL launched the 2nd largest IPO worldwide after Facebook, and can expect revenue boosts, as the official partners for the 2020 Tokyo Olympics.
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Time for Malaysia Airlines to hire him.
Whats wrong with malaysia airlines?
@@adinnaikhwani6255 so much bad luck
@@shatteredstar2149 really? I guess u should do time loop then
Malaysia airlines they can hire the coconut guy
@@ainzooalgown7589 who is coconut guys?
That flower arrangement that shadowing the world map is really something!
it's amazing how they put such short clips such complex stories.. hard off highly appreciate ur efforts CnA insider..fan from Indian village in Karnataka
Thanks for your support!
+CNA Insider more power to u guys....
Chinese Monk = Master in Martial Art, Japnese Monk= Master in Business Management
They are both similar in that both are arts.
You're wrong, both monks were master in understanding human nature (to be able to lead people to integrity) that's why they should be able to understand business though
@@williamzhao2521 No I mean monk like priest, saint etc. Our buddism monk is not only to study the way of how to achieve nirvana. But they need to be able to teach other human to achieve nirvana as well. that's why they need to understand human behaviour and if you understand human behaviour you know how to do business.
figure out yourself.@@VarongTangkitphithakphon
@@williamzhao2521 I already but obviously you didn't
I did study his philosophy , helped a lot in my company.
He wrote a book?
Beny Pongmasangka Yes, you can find his book, but I not sure whether where to find English version, I got all his Chinese version book.
@@bryankow0608 what's the title?
Those people are high skilled in personal mastery. They follow rules and principles that are beyond normal thinking. They spend hours learning and balancing and analyzing situations, solving and forecasting. This is how they succed in becoming billionares.
I for one am pleased that this airline is still around.
I think both Japan and Singapore Airlines are great. I want to see Japan Airlines competing the number 1 spot as the best Airline in the world challenging Singapore Airlines.
Just happened upon this series. There are valuable lessons here for every aspiring CEO.
Japan Airlines is now rated as a 5 Star Airline by Skytrax.com, an honour it shares with only less than a dozen other airlines. This represents an extremely important accomplishment and should be recognized as a point of pride for this great airline.
Who are watching this in 2020 Covid-19 period? I hope SIA will be able to raise enough capital and fly high again in near future.
So sad, Japan airline I think it’s one of the best, flight attendants are so sweet!
Management messes up a big company.
New management makes employees to pay the price.
Airline becomes the most profitable in the world.
Management gets a big bonus.
What an amazing miracle!
And the best thing: when those employees are old and have their little pension they can say that they worked for the most profitable company in the world! :)
An amazing short but informative video ! Amazing story of JAL's rise from bankruptcy! 👌
Good video.
But it failed to showed how despite cutting costs the airline spared no expense when investing in making the flyer (core customer) happy. That's probably the main reason it had a profit of 180 billion instead of 60 billion.
I also wished the video expanded a bit of this CEO going against normal work
culture. For example, having the same lunch as a rank and file employee.
Best business video ever!!
So he actually made employees to pay for failure of management.
Both non-management and management had to take the layoffs and both had to take the 30% pay cut. Before the austerity measures, you have choice to stay with a failing company or look for better company.
Inamori had the capacity to lsave Japan Airlines because he has the art of a leader, he know-how. (knew) Whilst others needs draw to understand what they are doing wrong and whrer is the impact.
30 seconds into the video & I could'nt but recall Olympus story. How the company drew away from it's core business which was later linked to huge but unexplained transfers to Yakuza.
*Air Asia entered the chat*
It's JAPAN,so I'm not surprised.
a very fantastic manager
Awesome...
We was not expecting such a positive holding Inamori master in developmental airlines of Japan.
Fantastic
Malaysia Airline and Thai Airway are next in line to hire him!
What happened to Thai Airways?
Also Cathay Pacific and Philippine Airlines. This airlines need a CEO like him.
Quite amazing for a monk to turn things around! 😮
You don t seems to have a high level in English. Is called business development. Narcissists turn things around if you want translation at what you just wrote. Be carefull with the language, people do not understand broken english and interpret something else.
I think should have explain how he manage to change it
Go study, it is up to every single individual to aquire knowledge. No one change anything, it is about every single individual preferences to evoluate or stagnate. Either you get alligned in the stagnation, either you learn and arrive alone in the top. Exactly no one can do that, than an educated person.
Impressive...
Buddhist monks from Japan are ruthless in a good way... They are rich and operate many businesses. Have many family friends who are monks and they are rich and travel all over the world while running Buddhist temples xD
Ming Dynasty founder is ex. Monk too.
Cathay Lufthansa and thai airways could use pages from this dude's playbook
but the beautiful flight attendants are underpaid....
They are only there to look good.
As well as the ground staff overseas.😢
Ha,true. Hey
Underpaid for the first two years. Pretty sure they are paid accorddingly now. Anyway, all of JAL staffs did the job with one thing in mind. "To serve the customer". Which made the company 2nd largest IPO.
so did the new ceo end up selling the hotels jal owned?
Every CEO is a financial controller
Really wonder to know how he Made the greatest changing for only 2 years??
1:32 typical japanese company?
Do you hear the business cifer ?
I respect the staff of CNA who edited this story but I am sorry this story is a bit too exaggerated. Probably most of the Japanese will feel the same way.
This is amazing the American would force others to make way so they can survive
It is in their nature. Just as it is in japan's nature to hire an old man as ceo. when a woman would have been more appropriate.
@@williamzhao2521 More appropriate to hire a woman CEO? Are you fucking kidding me? Not having a penis make her more or potentially less qualified?
Idk how to make the *Left the chat* meme...
*Emirates left the chat...?*
SEBELUM DI TUKAR NAMA ANA AIRLINES SYSTEM
Flying out of storm
DId they hire back the 16000 workers?
Yo this is fucking amazing! Is there a Japanese movie based on this?
Is a book about system thinking.
so they fired 1/3 of the workforce made front-line workers take 30% pay cut and cut retirement benefits.
yea that sounds about right, i bet upper management got a hefty bonus from all the money they made firing and tricking employees into giving up so much.
He didn't take a salary for 3 years
CEO has no salary for 3 fucking years. He made an example to his staffs.
@@Scythe697 he wasn't poor mechanic
Nepal Airlnes enters Chat.
So did the employees who took paycuts get a bonus ?
I believe the airlines empoyes have bonus, salary, paid vacations, health insurance, dentists discounts, womens have paycuts to go in time at gynecology, psychology and also they have brain in the airlines. They know the meaning of JIT ( just in time ). Is not like you are working in airlines and you are mental delayed and cant understand when you damage peoples finances. Is not like being in airline and having an emergency it needs to be paid off next month. Because an emergency shall be fixed in time. That is the meaning of a jerk mental ill.
Japanese air hostresses are very pretty.
You should see british airlines /s
*_"The challenge will be to remember their failures"_*
No need to worry when you have corporate welfare to fall back on 👍
Yeah Pay Less ,Job Cut & You get Profit for the Super Rich Shareholder .Real winning .Hope they are paying their employee more now that they are a profitable company again
just imagine how bloated the SG govt is at this moment; for a country of a size of less than lake Toba, it has the world's most expensive leaders and ministers in the world. Not that they are doing miraculous works but just plain mediocre govt bureaucratic tasks daily.
i hope all those who lost their jobs get a a piece of those profits
Sounds like how my government operates
how ALL governments operate.
We need a revolution bro
Where you life?
Japanese thrive like plants through the concrete.
did he work with the yakuza?
He worked with Hasimoto and Mikey Mouse. It is the correlation between a philospher, the stupid question u ask and the knowledge you show of! Remeber a philsopher will always be friend with mafia and after all Inamori have the total look of an mafia... LOL what a stupidity comment.
It didn't tell me what he did..it seemed more like an advt of his success.
Excuze me murder ?
Really Songapure
Lol.
It s very funny how Westerner and Singaporean judge Japan Airline.
It’s uncomparable.
All they did was cost cutoffs which ended up having thousands of people jobless in no time.
What hogwash ....!!!
What about the 16,000 people they made jobless
If you truly made 1.80 bill$ profit did you go and rehire those employees as temps even...?
Now that the existing employees have made huge sacrifices to get the airline back into the black, can they now hope to share in the profits without going on strike ? Methinks not, corporate culture never changes.
the headline is misleading . Either you knew nothing about Buddhism or trying to make a clickbait. dislike
Buddhism is the founded on the need to control one's desires through inaction. For the airline, they needed to control their desire to grow. So they cut salary. This is the buddhist way? Not sure.
Super toxic
What?
Triggered buddhist?
And then covid happened
Too expensive fares today as the pricing in the past caters for once Japan's economy prosperity.
So they basically reduced salary costs?
I mean, I don't see many other "bold moves" in this video other than that
That, and launching a massive IPO to raise money
Doesn't seem very revolutionary to me; it seems rather textbook in fact
Easier said than done right?
In Japan, the revolutionary is mundane and the textbook is revolutionary.
Poor and talk too much
Dude If it was that easy everybody would be doing that! You seem to forget about renegotiation with the banks, and other creditors to convince them that it better to work with them rather than wait around to collect their 15 cents from every dollar at bankruptcy, rather than waiting to get all their money back.
Then you have to negotiate with the airlines (Airbus, Boeing, Bombardier etc) and push back your orders where you have commitments or sell them onto other carriers and get rid of surplus stock like engines, RR, Pratt & Whitney etc. Cut unprofitable routes or consolidate routes, look at whether it’s cheaper to outsource maintenance, ticketing & lounges etc - rather than own outright. Speak with all your suppliers to see if you can get a reduction in costs or discounts, or source new supplies. Given Japan does not produce their own fuel so locate someone globally prepared to do a deal of fuel cost, which has a greater impact than staff cost.
And only when you have reduced your fixed costs and variable costs to below your total costs will you then make a profit. If you were running a business and believed that just cutting salaries reduced the cost, you would not be in business for long - it doesn’t work for the car or airline industry because of the huge investment costs. Airlines are an expensive business hence why many are backed by national governments.
the revolutionary bit I saw was not taking a salary for the first two years which is really a rare show of face from an Asian CEO especially from the country of zaibatsu