On May 7, the opening ceremony for Seiwajyuku Chicago was held. This was the 62nd opening worldwide and the 9th overseas. Inamori gave a lecture entitled “Why do we need philosophy in management? And what is the meaning of life?” to the more-than 250 people in attendance.
In his lecture he said that the outcome of life and work could be explained in a formula using attitude, effort, and ability (“The Result of Life or Work = Attitude × Effort × Ability”). He brought up the example of the selfish attitudes of the top executives at financial institution, Lehman Brothers. He said attitudes are important. He stated that in order to develop a permanent company, it is important for managers to have a simple decision-making standard of “What is the right thing to do as a human being?” This will also lead to one’s life goal of elevating one’s character.
Five Seiwajyuku schools have opened in the U.S. since 2004, and young business-owners are enthusiastically learning Inamori’s management and life philosophy through regular workshops at each school.