BOOK REVIEWON

Presented By:Group – 12Aishwarya Verma (08PG0033)Deepankar Bagri(08PG0010)Sonia Jans(08PG0044)

INTRODUCTIONThe “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 ; at the same time reinventing the art of business management.

ABOUT THE AUTHORBorn 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.Strong believer in the line “ What we can

contribute”.Beside making profit always look for well

being of employee, customer and of community at large.

Served for three years as Deputy Secretary of Defense under Melvin Laird in the Nixon White House.

Mr. David Packard( 1912 – 1996)

Core values of HPExistence to make technical

contribution.Expectations from employees-

Superior performance and profitable growth

Blend of right people,trust,empowerment to achieve objectives.

Commitment to communityIntegrity

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 universityMet Prof.Fred Terman and Bill Hewlett.Joined GE in 1934 & served for 4 years.

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….First product 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&DTreaty of Rome- expansion into foreign

markets.Product line comprised of variable & fixed

frequency oscillators, microwave signal generator, quartz thermometers,LED etc.

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 StyleDedication 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,MBOCommitment to innovation.Flexitime,open door policy –trust in

employees

Customer orientation.MBWADoes not believe in HIRE n FIRE

policyParticipatory management.Promotes entrepreneurship spirit.Decentralization –lower level

decision making

Quality Driven HPQuality circle- people work

effectively in informal circles.Maximum conformance to

accuracyLayout facility-inspection and

assembly layout next to each other

Won Deming prize in 1982.

LearningsTeamwork + willpower = successPursue 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 itselfTo be innovative promote Independence

(flexitime), team work & learning ( supporting higher education program).

Respect & trust employees

Guidelines for future entrepreneurs

Networking – success mantraAs future managers ,we must not

dictate to our subordinates ,instead provide opportunities.

Current ScenarioHQ: Palo Alto ,California.Currently operates in more than

170 countriesServes 1 billion customers.Employees- 3,21,000 Ranked 9 in fortune 500.2008 annual revenue- $118.4 bn

THANKYOU