How Hitachi Grew from a Small Local Company to a Billion Dollar Business
Why Industrial Strategy Enthusiasts Rewatch This 21-Minute Hitachi Transformation Story Odaira Namio creates Japan's first motor: "1910 young engineer found himself working mining town managing electrical repair shop, wasn't typical repair job Hands-On with Machinery fixing fine-tuning industrial equipment, quickly became fascinated how electric motors worked, produced 5 horsepower motor historic achievement Japan's industrial scene." Government diversification strategy: "1930s Japanese government played crucial role providing strategic funding bolster Japan's industrial capacity, haachi transitioned from heavy machinery company into diversified industrial giant, forray into Metallurgy establishing facilities produce Metals able support own Machinery manufacturing domestically sourced materials." IBM espionage scandal: "1982 group haachi Executives caught FBI sting operation Santa Clara California attempting purchase secret IBM technology, case became international news casting shadow over hitachi's reputation, Executives pleaded guilty resulting substantial fines court settlement." Financial crisis restructuring: "2009 company posted loss 787 billion yen largest loss ever recorded Japanese manufacturer, CEO kawamura realized company grown into sprawling Empire interest everything consumer electronics nuclear power, began exit sectors no longer aligned vision including semiconductors hard drives." Global transformation: "2020 acquired power grid business Swiss company ABB substantial sum become global leader power energy infrastructure, 2021 acquired Global logic leading software development company $8.5 billion, over half 322,000 employees based outside Japan more than 50% Revenue coming overseas markets." 5 Key Timestamps: [00:42] The 1910 First Motor Manufacturing Origins – Namio working mining town repair shop Hands-On Machinery fascinated electric motors worked, produced 5 horsepower motor historic achievement turning smallscale efforts organized Venture [03:41] The 1930s Government-Funded Diversification Strategy – Japanese government providing strategic funding haachi transitioned heavy machinery into diversified giant, forray Metallurgy produce Metals support own manufacturing, began investing Communications technology producing radios signaling devices [10:00] The 1982 IBM Espionage Scandal Fallout – Haachi Executives caught FBI sting Santa Clara attempting purchase secret IBM technology, pleaded guilty substantial fines IBM gained right inspect products 5 years ensure no infringements [16:53] The 2009 Financial Crisis Restructuring Imperative – Posted loss 787 billion yen largest ever Japanese manufacturer, kawamura realized sprawling Empire draining resources, began exit semiconductors hard drives consumer electronics streamline operations [19:08] The 2020s Global Acquisition Transformation Strategy – 2020 acquired ABB power grid become global leader energy infrastructure, 2021 acquired Global logic $8.5 billion, half 322,000 employees outside Japan 50% Revenue overseas
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