Management & Methods
34 Years of Consecutive Profit Growth: No Other, Only One
In the second half of 2024, the economic situation remains challenging, with consumption, exports, and infrastructure investment all recovering slowly. As we undergo industrial transformation, we face a prolonged period of low economic growth, where many companies struggle with ineffective competition and declining revenues and profits. To survive and achieve sustainable profit growth, we can look to Japan's experience during its 'lost three decades' and learn from the success of Don Quijote, a retail chain that achieved 34 consecutive years of profit growth by mastering cost leadership, customer-centricity, and adaptability.
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