Japanese retailer in business for 1,020 years and counting
December 3, 2020
Ichiwa is a family-owned Mochi business in Kyoto, Japan, that was started more than 1,000 years ago. The shop has succeeded by sticking to tradition, despite such challenges as natural disasters and wars. “If you look at the economics textbooks, enterprises are supposed to be maximizing profits, scaling up their size, market share and growth rate. But these companies’ operating principles are completely different,” said Kenji Matsuoka, a professor emeritus of Ryukoku University. “Their No. 1 priority is carrying on. Each generation is like a runner in a relay race. What’s important is passing the baton.”
Recent News
NHTSA Investigates Tesla Autopilot Again After Recent Software Update
Tesla Autopilot is once again the subject of an NHTSA investigation.
Home Depot Holds Halfway to Halloween Sale: Skelly’s Back
It’s halfway to spooky season, and Home Depot is celebrating.
Kaiser Discloses Health Insurance Data Breach
Health insurance company Kaiser is notifying millions of its current and former members about a data breach. The breach occurred when Kaiser shared patients’ information with third-party advertisers like Google, Microsoft, and X (formerly Twitter).
Satirical Site The Onion Acquired by Global Tetrahedron
The satirical news website, The Onion, has been sold by G/O Media to a group of digital media veterans.