Does “The HP Way” still exist?
|Bill Hewlett & Dave Packard|
So do you think Hewlett-Packard’s change of course away from mobile and PC manufacturing is a wise change or have they lost their rudder. On the surface it probably looks wise especially to the stockholders, but how can this be positive for the company? What happened to the HP I used to work for from 87-94. I worked for an HP when Dave and Bill exerted influence upon the company. Stockholders were proud to be a part of a great company, satisfied with decent dividends. Innovation came from HP Labs and profits came from just-in-time manufacturing. A diversified company provided great strength as the strong sectors carried the weaker ones only to be repaid when their need came. HP was a great company then, do the employees today still feel that way? Does “The HP Way” still exist?
Carly Florina took over the helm at HP from Lew Platt in 1999. Carly had all but destroyed Lucent and definitely did not protect the HP assets. Mark Hurd took care of one of the most important HP Ways, Integrity. And now Leo Apotheker wants to transition HP over to the high profit margin past of software services. Where do you think HP is headed?
So does HP’s ride cause us to compare what Apple might be in for? Apple is probably in good shape for a while with a true Apple leader in Tim Cook taking over under the watchful eye of Steve Jobs. A bit like Lew Platt taking over HP. How long after Steve passes on will Tim Cook be allowed to maintain the Apple culture. Consider how attractive Apple’s wealth will become to their stockholders. Not that I care greatly about Apple being protected, but I do worry about the fall of great American companies. But today I worry about Hewlett-Packard.
Relevant Article: What HP Must Do Now For CIOs
The decline of the HP Way turned off employees. Now HP must clarify its strategy to worried enterprise customers.