Compatibility-management between innovation and earning: business management of cutting-edge photonics company, contributing to three nobel prize wins

Hamamatsu Photonics, a Japanese photonics company which started-up in phototubes business as their original vocation indispensable for light detection (HQ; Hamamatsu city, Shizuoka prefecture Japan) and has been growing while keeping high compatibility between innovations and earnings, so as to have contributed to Nobel Prize wins. We investigated the reason why they can effectively balance both innovations and earnings while consistently pursuing the unexplored dreams of photonics through top interviews etc. and as a result, we found that the corporate management systems have been built in a cross sectoral manner such as (1) unique SECI model like in-company knowledge circulation system, (2) open innovation practice system enhancing research and development covering very wide industrial areas around their core technologies, (3) on-site compatibility management between dreams (pursuit of the unknown and the yet-undiscovered) and wallet (earning and expense), (4) autonomous-decentralized management system to meet their customers needs agilely and flexibly and (5) non-achievement-based human resource cultivation system to encourage self-motivated challenges.