#14 - This Iconic Construction Firm Lasted +1,400 Years

What is it about Japanese culture that promotes business longevity? Is it possible for a company to thrive for well over 1,000 years? What does it feel like to take the reins over a company that has spanned 40 generations? Join us on a captivating journey through the history of Kongo Gumi, a company that stood the test of time until its liquidation in 2006. From its inception in 578 AD, Kongo Gumi started with temple constructions and gradually branched out into various forms of construction. We'll take you through the intriguing Japanese woodworking techniques that Kongo Gumi may have influenced and the cultural nuances that contributed to the company's longevity. We also delve into the unique practice of adopting a male son to continue the family line in the absence of a male heir. The downfall of Kongo Gumi, once regarded as the world's oldest company, emphasizes the imperative of maintaining distinct values within a company. We'll discuss the weighty decisions that faced the 40th-generation CEO during the company's liquidation and explore the challenge that finally ended the company’s incredible journey. Please tune in to our enlightening conversation, as Ari Meisel and Gregg Schoenberg will provide you with newfound perspectives on the world of enduring companies.