"The EU’s General Court backed the European Commission’s fines of 150 million euros ($187 million) for YKK, based in Tokyo, and 110 million euros for Coats in 2007 over cartels involving fasteners and related machinery, one of which ran for more than 21 years. The EU said at the time that the zipper market was worth about 400 million euros a year and the market for other metal fasteners was worth 200 million euros."…
Why YKK? The Japanese company behind the world’s best zippers
21–30 of 61 posts
Re: Why YKK? The Japanese company behind the world’s best zippers
#22This just seems like a blatant submarine article [1] - anyone who upvoted want to share what they found interesting about it? [1] http://www.paulgraham.com/submarine.html
Re: Why YKK? The Japanese company behind the world’s best zippers
#23This just seems like a blatant submarine article [1] - anyone who upvoted want to share what they found interesting about it? [1] http://www.paulgraham.com/submarine.html
Re: Why YKK? The Japanese company behind the world’s best zippers
#24This just seems like a blatant submarine article [1] - anyone who upvoted want to share what they found interesting about it? [1] http://www.paulgraham.com/submarine.html
I haven't upvoted but found it mildly interesting. Point that I found interesting were mostly: * one company dominates the market for zippers by essentially capturing the middle ground of "good product with a wide range of options, reasonably priced and flawless execution" * the example of a company dominating the market with what seems to counter the trend of outsourcing, producing everything in house, which means k…
Re: Why YKK? The Japanese company behind the world’s best zippers
#25The article is okay, however it says the no one ever got fired for buying Microsoft, I thought the phrase was IBM?
Re: Why YKK? The Japanese company behind the world’s best zippers
#26Does anyone else think of the 'millenium bug' when they see these zippers?
Re: Why YKK? The Japanese company behind the world’s best zippers
#27This just seems like a blatant submarine article [1] - anyone who upvoted want to share what they found interesting about it? [1] http://www.paulgraham.com/submarine.html
Re: Why YKK? The Japanese company behind the world’s best zippers
#28This just seems like a blatant submarine article [1] - anyone who upvoted want to share what they found interesting about it? [1] http://www.paulgraham.com/submarine.html
I upvoted. I didn't know that stuff and found it interesting. There's something inspiring about a company dominating for years by dedicating to quality engineering rather than marketing bs. It didn't seem that 'submarine', given they "declined to speak to [the author] for this story". Though you never know.
Re: Why YKK? The Japanese company behind the world’s best zippers
#29Examples: I only buy jeans with buttons. My Fjallraven backpack has metal hooks instead of a zipper.
Re: Why YKK? The Japanese company behind the world’s best zippers
#30Yoshida also preached a management principle he termed “The Cycle of Goodness.” It holds that “no one prospers unless he renders benefit to others.” I particularly liked that line. That is how things ought to be but not sure that is how it plays out. For example I am quite skeptical whether removing arbitrage opportunities over a timescale of milisecond really benefits anybody.
The Japanese after WWII took Deming's quality concepts—specifically that quality is the product of management, knowledge, statistics, and systems—and ran with them, embracing them more than any other society. This turned Japan from a cheap-goods manufacturer, into a country nearly fully respected for quality production, in a matter of a decade.
Want to produce quality like YKK does? It's no big mystery, it's not special, and it's not a miracle. Learn about Deming, follow his systems of management and teaching, and it will start to become clear. This applies to any company producing anything.