Kōnosuke Matsushita was a Japanese entrepreneur and the founder of the Matsushita Electric Industrial Co., now known as Panasonic. Born on November 27, 1894, he started his career by creating a simple light socket in 1917, which led to the establishment of his company. Matsushita's innovative approach to business and commitment to quality helped his company grow into a global leader in electronics. Matsushita was also known for his unique management philosophy, which emphasized employee welfare and teamwork. He believed that a company's success depended on the happiness and development of its workers. His ideas have influenced many modern management practices and continue to be studied today.