Work hard and pray - the initial slogan for Ole Kirk as he was building the early company in the 20s / 3os.
Quick Overview:
The Lego Story breaks down the history of Lego with each chapter covering a decade of the business. It is a business history book so if you are looking for more info on the actual product of Lego, this is not the book. This book covers the Kristenson family in depth, starting with the grandfather, Ole Kirk, passing down to the dad, Goedfrt, and then passing down to the son, Kjeld, who is stepping away in March 2023 to hand off to his son Thomas. Covers how to build a business from 1 employee to 10,000+ and also how to build something you can leave your family for generations.
Personal Thoughts:
The Lego Story is amazing, and it was fun to see how the company has evolved over the last 100 years. Some takeaways -
- Ole Kirk started making toys out of left over wood chips since their family couldn't afford toys. Even though they were just for his 4 boys initially, he still made them immaculately, modeling do everything to your best ability.
- His workshop / factory burnt down twice, got struck by lighting once and had another fire in the span of years. Despite this they continued on.
- He was so in debt initially that the first owner of Lego was a woman (Sophie his wife) as she was the only one the bank would give a loan to. Despite this, Lego has battled with having women in leadership over the years.
- From a business sense he pushed the idea of moving quickly and gambling more instead of always thinking everything out. Hire people outside the industry as they offer great outside perspective. Run with good ideas quickly.
- Leader must take the lead, and recede into the background. Leader must be dynamic but also thoughtful. A leader must be visionary but also keep both feet firmly on the ground. A leader must be self confident but also humble.
- Key moments - partnering with McDonald's to invade America
- Getting an ad on the Berlin Wall
- The Kjeld story was fascinating and I found myself relating to it closely especially with Amerisales. He wrestled with the idea of work needing to be fun, and to be creative. When it becomes a "job" all the energy and passion and desire to lead goes away. He did a good job in the back half of his life equipping and delegating more which shows me I may be on the right path.
- Great great book. The saddest/most real moment for me is all 3 of the men who built the Lego company (for kids) said they wished they would have spent more time with their own family.