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Business Movers

Building Lego | System in Play | 2

Business Movers

Wondery

History, Business, Entrepreneurship

4.81.5K Ratings

🗓️ 17 August 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Godtfred Kirk Christiansen differentiates Lego from its increasingly fierce competition by building his business around a core product: plastic bricks.

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Transcript

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0:00.0

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0:07.0

It's February 1953 at the Nuremberg Toy Fair, an annual trade conference for the toy industry in

0:29.9

Germany. 32-year-old Gottfried Kurt Christensen sits for lonely at the small Lego exhibition stand.

0:36.9

He's had hardly any interest today, most attendees scurry past with barely a look in Gottfried's direction.

0:43.9

Finally though, he manages to make eye contact with a smartly dressed man who comes over to the booth.

0:48.9

Gottfried rises from his seat and the men shake hands.

0:52.9

The other man introduces himself as a toy buyer from a German department store. Gottfried smiles.

0:58.9

This is his chance to land a big sale.

1:01.9

Well, welcome to Lego. We're a toy manufacturer based out of Billent and Denmark.

1:05.9

Well, pleased to meet you. What exactly does Lego do?

1:08.9

We're one of Denmark's top toy makers, but we're a family firm. My father set up the business in the 1930s and still runs it today.

1:15.9

I'm the junior managing director and my two brothers help run production of these quality toys.

1:21.9

Gottfried turns to the shelves behind him, which are stuffed with Lego products from pull-along wooden ducks to plastic cars.

1:28.9

We have over 250 different toys now, all renowned in Denmark for their quality.

1:33.9

Gottfried reaches up and takes a toy tractor from the shelf.

1:36.9

This is our latest product, the Ferguson Model Tractor.

1:40.9

It's made out of plastic with rubber tires, and if you turn the steering, it moves the front wheels.

1:45.9

You see? Yeah, let's clever. So you make a farm toys.

1:49.9

Oh, not just farm toys. No, in Denmark, where we're best known for this, the piece pistol.

1:55.9

Gottfried shows the man another one of their toys, a replica wooden pistol.

1:59.9

It's a gun that shoots bullets and makes a sound when it fires. Listen, I designed it myself.

2:05.9

Okay, so a tractor, a toy gun with baby rattles too, and these plastic bricks.

...

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