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- Herausgeber: Business Book Summaries
- Kategorie: Religion und Spiritualität
- Sprache: Englisch
The must-read summary of David Packard's book: "The HP Way: How Bill Hewlett and I Built Our Company".
This complete summary of the ideas from David Packard's book "The HP Way" tells the story behind the American giant company Hewlett-Packard. In his book, the author reveals the keys to the company's success and the obstacles that it had to overcome to become the world-class company that it is today. This summary also provides readers with an insight into the management practices that have contributed to the efficient operation of the company.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your knowledge
To learn more, read "The HP Way" and discover the story behind the global company and the secrets to its success.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 34
Veröffentlichungsjahr: 2014
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Book PresentationThe HP Way by David Packard
Important Note About This Ebook
Summary of The HP Way (David Packard)
1. Getting Started
2. A Company Is Born
3. The Early Days
4. From Partnership to Corporation
5. Self-Funded Growth
6. The Computer Age Beckons
7. Listening to Customers
8. Trusting People
9. Growing The Company
10. Managing the Company
11. Responsibility to Society
12. Reflections
Book PresentationThe HP Way by David Packard
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of The HP Way (David Packard)
1. Getting Started
In the last half of 1930, David Packard left his home town of Pueblo, Colorado to attend Stanford University. There, he became a good friend with another freshman who started his university studies at the same time, Bill Hewlett.
David Packard’s parents were well educated - his father was a lawyer and his mother a high school teacher. He was a good student at High School, excelling in science and on the sports field. His passion, however, was the relatively new field of radio and he decided to go to Stanford University to study electrical engineering.
Bill Hewlett’s parents were also academically inclined. In fact, his father was a Professor at the Stanford Medical School until he died when Bill was 12-years old. Despite the fact that he was dyslexic, Bill did quite well at High School, graduating with honours in science. He entered Stanford not really certain whether he would pursue a career in maths, chemistry or engineering.
While at university, Packard and Hewlett formed a close friendship with Ed Porter and Barney Oliver. In fact, the four friends got along together so well they thought of starting their own business in the new field of radio during their senior year. Professor Terman, head of engineering at Stanford, encouraged their plans but advised it would be better to obtain some real-world experience first. Therefore, upon graduation in 1935, Packard went to work for General Electric.
While David Packard was busy gaining some experience at GE, Bill Hewlett stayed on at university. He earned a Master’s Degree at Massachusetts Institute of Technology and then went to work for Jensen Speaker in Chicago.
Even though they were working apart, Packard and Hewlett still had the ultimate objective of starting their own company. Therefore, in August 1937, they got together in California and held their first meeting to discuss forming a company, tentatively called The Engineering Service Company. They decided to concentrate on high-frequency receivers, medical equipment and the newly announced field of television.
In fact, Professor Terman from Stanford had taken a close interest in Packard and Hewlett and he helped organize jobs for both of them in California so they could support themselves until their company started making money. Together, they rented a small house on Addison Avenue in Palo Alto, California which had a garage that became their workshop. (This house and garage would later become famous as the birthplace of Silicon Valley).
In these early days, Bill Hewlett and David Packard did almost every small job they could become involved with. They found their talents complimented each other well - Hewlett had a stronger background in circuit technology whereas Packard was good at manufacturing processes.
By 1939, it actually looked like they might be successful in business together, so Hewlett and Packard signed a partnership agreement. They flipped a coin to see whose name would come first, and Hewlett-Packard was born.
