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History Daily

Saturday Matinee: Business Movers

History Daily

Airship | Noiser | Wondery

History

4.42.1K Ratings

🗓️ 12 August 2023

⏱️ 38 minutes

🧾️ Download transcript

Summary

On today's Saturday Matinee, we bring you part one of a four-part series that tells the story of how little plastic bricks set the foundation for a business that eventually became the global leader in the toy industry: Lego.


Link to Business Movers: wondery.com/shows/business-movers/


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Transcript

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0:00.0

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0:13.5

When I was a boy, I loved Lego, probably my favorite toy, certainly the most enduring.

0:18.9

Through all the phases with Star Wars figurines, GI Joe, Transformers, even the Atari and Tandy TSR80

0:25.3

that captivated me so, Lego remained a stalwart favorite.

0:29.4

And I was a pretty good builder. I remember visiting my cousin once and playing with his Lego

0:34.0

collection. I picked up a block of randomly stuck together bricks and began pulling them apart

0:38.7

until my cousin objected, hey, you've destroyed my boat. I'm here to tell you it didn't look

0:44.2

like a boat, but I was very apologetic and promised to build him a new one. And I did. It was fantastic,

0:50.6

but apparently too good because my cousin took one look at it, smashed it on the ground and then

0:55.6

stormed off. And you know, I still love Lego. My daughter has a substantial collection,

1:01.2

and I don't mind one bit getting down onto the rug and building alongside her. So it's been a

1:05.7

fantastic journey to investigate the very beginnings of these small interlocking bricks

1:10.4

in the newest season of my podcast business movers. It all started in the aftermath of World War

1:15.7

2 when the future of a small family-owned toy maker in Denmark was under threat as economies

1:21.3

reopened in competition group. The company tried embracing plastic alongside its traditional

1:27.1

wooden toys, but that left its product line an unappealing mess. So the son of the founder and

1:32.2

heir to the business took the dramatic decision to focus on just one core product. And those little

1:37.7

plastic bricks built a business that eventually became the global leader in the toy industry.

1:43.1

I love this story, and I love this podcast. So while you're listening to this episode,

1:47.3

be sure to search for and follow business members. We put a link in the show notes to make it easy for you.

1:56.6

Hi, I'm David Brown, the host of Wondery's podcast business wars. And in our new season,

2:01.1

two of the world's leading hotel brands, Hilton and Marriott,

...

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