BOOK REVIEW

ON

Presented By:
Group – 12
Aishwarya Verma
(08PG0033)
 INTRODUCTION
The “HP Way” is a exemplary success
story of two young American boys.
How they have transformed a two
member partnership company
operating in a garage in year 1939 at
Palo Alto into a global limited company
having offices in more than 110
countries and annual revenue of $22
billion.
The book also illustrate how they have
contributed towards advancement of
science & technology in 20th century ;
 ABOUT THE AUTHOR
 Born in year 1912 in Pueblo
Colorado.
 Boyhood was filled with hunting,
fishing, school athletics, and
“scientific” experiments.
 An Electrical Engineer post graduate
from Stanford university.
 Worked for GE from year 1934 to
1938.
 Highly skilled in Manufacturing
process.
Mr. David  Strong believer in the line “ What we
Packard can contribute”.
( 1912 – 1996)
Core values of HP
Existence to make technical
contribution.
Expectations from employees-
Superior performance and
profitable growth
Blend of right
people,trust,empowerment to
achieve objectives.
Commitment to community
Integrity
Before HP….
Right from school days he had
fascination towards electronic &
mechanical equipments , making
explosives.
An all-rounder ,through his field
games helped him become a
better team player.
In 1929 entry into Stanford
university
Met Prof.Fred Terman and Bill
In 1938,started
operation HP
In 1989,the HP
garage was
designated the
California state
historical
landmark as the
birthplace of
silicon valley.
The HP Way….
Firstproduct launched was Audio
Oscillator and the first customer was
Walt Disney.
Focused on continuous product
innovation and development.
Fellowship program at Stanford to
promote HP R&D
Treaty of Rome- expansion into
foreign markets.
Product line comprised of variable &
fixed frequency oscillators,
Went public in 1957 and in 1961
HP got listed in New York and
pacific stock exchanges.
First joint venture with Yokogawa
electric works to form YHP.
Alpha computers,HP 35 pocket
calculator launched in 1972.
In 1984,laser jet printer was
introduced in collaboration with
canon.
HP Management Style
Dedication to making a contribution
coupled with commitment.
Strong R&D efforts has always been
the driving force behind product
contribution.
Profit reinvestment rather than long-
term debt.
Employee involvement through
employee stock purchases,MBO
Commitment to innovation.
Flexitime,open door policy –trust in
Customer orientation.
MBWA
Does not believe in HIRE n FIRE
policy
Participatory management.
Promotes entrepreneurship spirit.
Decentralization –lower level
decision making
Quality Driven HP
Quality circle- people work
effectively in informal circles.
Maximum conformance to
accuracy
Layout facility-inspection and
assembly layout next to each
other
Won Deming prize in 1982.
Learnings
 Teamwork + willpower = success
 Pursue your interests and remain
focused.
 Never attempt more than what you can
handle.
 Employees and customers-an integral
part of organizational success.
 View profit as a result, not an objective
in and of itself
 To be innovative promote Independence
(flexitime), team work & learning
( supporting higher education program).
Guidelines for future
entrepreneurs
Networking – success mantra
As future managers ,we must not
dictate to our subordinates
,instead provide opportunities.
Current Scenario
HQ: Palo Alto ,California.
Currently operates in more than
170 countries
Serves 1 billion customers.
Employees- 3,21,000
Ranked 9 in fortune 500.
2008 annual revenue- $118.4 bn
THANKYOU