A Coggle Diagram about The HP Way
- Hewlett and Packard knew each other well.
- Had a mentor - Terman - "Father of Silicon Valley"
- Their friends became the key managers later on in HP
and Management by objective
Management by walking around
(Hewlett developed an audio oscillator meant for testing sound equipment. When introduced in the Portland conference, Walt Disney Studio showed interest in their invention. Would they have approached a film studio for their product? Or does it fall under unexpected market?
, Were they lucky?They formulated their business strategy after looking at the way GE was doing things. This stems from the very entrepreneurial spirit of trying to do things in a different, better and more efficient way. this also displays their ability to observe and question the way things were happening.
and HP started a fellowship program at Stanford - Emphasizes the point that entrepreneurs tend to give back to the society (philanthropic) - as discussed in class
, What did it do?
(Electronic testing and measurement business
and Then, diversified into computer products
) and Timeline
(Founded in 1938