1) Discuss the "HP Way" in terms of how HP manages people?
What are the primary value
What are the company personnel policies and internal structures which support these values? What other business policies support the HP Way?
HP founders put value not only on making creative products but also on creating a friendly corporate culture. These beliefs became the foundation of the "HP Way." The "HP Way" is to earn the trust and loyalty of others; give respect for individuals and their responsibilities; and create an environment that both celebrates individualism and supports teamwork. From the managers, it required sharing corporate objectives and helping the employees to understand their roles and responsibilities. The employees were taught to pursue corporate goals through open communication. The HP Way is an objective-oriented philosophy, in which each constituency can share the same values and work toward same goal. First and foremost, the HP way inspires entrepreneurship among the employees. They are encouraged to challenge themselves and innovate the company. Second, the company shares the profit and employees get rewarded according to their performance. Third, communication and teamwork are the core values of the company. Fourth, the management trusts employees and fosters a cooperative organizational culture. In this respect, one of the most important characteristics of the HP Way is the trust in the organization. Even if trust is intangible asset for company, it would be the strongest competitiveness compared to other company and which can be differentiated from other company since trust is based on personal affection. The HP Way is clearly different from typical western management style, which is based on rational behavior. The HP Way focuses on teamwork and on forging a highly developed collaborative workplace thorough effective cooperation within organizations. HP managed to avoid the traditional weaknesses of American companies that have allowed...
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