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Organization Management

Organization Management

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Published by mukeshkatotra

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Published by: mukeshkatotra on Mar 20, 2012
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05/13/2014

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 1
Organization Management&Behavioral Theory
A CASE STUDY ON ”THE HP WAY”
 
Presented by group no.3
Ayan Banerjee 11Bhavna Pandey 13Putul Banerjee 67Ronal Mukherjee 64Rudrani Chatterjee 66Subhadeep Panda 65
 
 
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INTRODUCTION
Hewlett-Packard Company
(NYSE: HPQ), commonly referred to as
HP
, is an American multinational information technology corporationheadquartered in Palo Alto, California, USA. The company was founded ina one-car garage in Palo Alto by Bill Hewlett and Dave Packard. Now it isone of the world's largest information technology companies, operatingin nearly every country.HP specializes in developing and manufacturing computing, datastorage, and networking hardware, designing software and deliveringservices. Major product lines include personal computing devices,enterprise, and industry standard servers, related storage devices,networking products, software and a diverse range of printers, and otherimaging products. HP markets its products to households, small- tomedium-sized businesses and enterprises directly as well as via onlinedistribution, consumer-electronics and office-supply retailers, softwarepartners and major technology vendors. HP also has strong services andconsulting business around its products and partner products.
 
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The HP Way - an example of corporate culture for awhole industry
 
From the beginning the two founders have developed a management stylewhich had never occurred in a large company before. They coined a newtype of corporate culture which was to be called "the HP way."HP always renounced the "hire and fire" mentality, which meant toemploy many workers for a single big order and to dismiss themafterwards. Instead, the company offered its employees "almost perfect jobsecurity."
)
Even in 1974, when the U.S. economy was in a profound crisisand many people were unemployed, HP avoided layoffs by a four-dayworkweek, which was a unique measure in corporate America.The two founders trusted in the "individual's own motivation to work"
)
 and treated their employees as family members; hence the custom to calleach other by the first name - even the two chiefs were only known as Billand Dave.The HP workers were participated in the company with stock options andwere even paid additional premiums when HP was successful - todayknown as profit sharing. These measures served to identify the employeeswith their work and to encourage them.Moreover, the HP way included extensive employment benefits such asscholarships for the employee's children.At the end of the 1950s Bill and Dave decided to write down thecompany's objectives, which were to serve as guidelines for "all decision-making by HP people,"
)
since the company had grown ever larger. Withsome changes, those objectives are still valid t oday. They cover asfollows: "Profit, Customers, Fields of Interest, Growth, Our People,

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