Panasonic was founded in 1918 by Konosuke Matsushita as a small workshop manufacturing lightbulb sockets. The company began with just three employees and a limited product range. However, Matsushita was a visionary entrepreneur who emphasized quality, affordability, and an unwavering commitment to his customers. His innovative approach helped the company grow rapidly. Throughout the 20th century, Panasonic expanded its product lines significantly, achieving breakthroughs in various sectors of electronics, including audio equipment and home appliances. The brand gained international recognition by the 1970s, establishing itself as a household name worldwide. Despite various challenges through economic downturns, Panasonic continued to diversify its offerings and maintain technological relevance, becoming a leader in both consumer and industrial technologies.