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Hewlett Packard : An American Multinational Information Technology Corporation

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Hewlett-Packard was an American multinational information technology corporation established in 1939. In November, 2015 it split into two new companies, HP Inc. and Hewlett Packard Enterprise. The former company’s employees took great pride in its corporate culture known as the HP Way. Comprising various values, objectives and practices, this widely admired management philosophy was based on integrity, teamwork, trust in individuals, innovation and contribution to both customers and the community. The management used to be part of the team, demonstrating its true care for the employees. People would be reassigned rather than fired, and those who could not be reassigned were offered to quit so that their records remained unharmed. Another common practice was “management by objectives” (MBO) which nurtured innovative thinking and entrepreneurial spirit by allowing employees to decide upon how their goals could be achieved best. The human factor was fundamental. However, things changed drastically after both Bill Hewlett and Dave Packard died in 1996 and 2001, respectively. HP found itself in an extremely competitive PC market, with its infrastructures falling behind the changing market trends and its revenue growth slowing down. Measures had to be taken. A new CEO, Carly Fiorina, was hired in 1999 from outside the company, thus having no knowledge of the HP Way. When the employees were asked to take voluntary cuts or additional vacation time to save the corporation’s money,

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