The Rise and Fall of the HP Way Case Study Essay

The Rise and Fall of the HP Way Case Study - Essay ExampleWhat was the HP Way? In the HP Alumni Association, Inc. (2012), it was revealed that the HP Way had five clearly stipulated corporate values to wit We have trust and respect for individuals. We focalization on a high level of achievement and contribution. We conduct our business with uncompromising integrity. We achieve our parking lot objectives through teamwork. We encourage flexibility and innovation (HP Alumni Association, Inc. 2012). The date stipulate for these corporate values to be designed, instituted and utilize within the organization is in 1992. Accordingly, the HP corporate objectives designed as early as 1966 cogitate on seven explicit goals (1) profit, (2) customers, (3) field of interest, (4) growth, (5) employees, (6) organization, and (7) citizenship (HP Alumni Association, Inc. 2012). ... Governance under Carly Fiorina Case facts revealed that Carly Fiorina was a former gross revenue executive that was h ired to shake up HP. She was reported to become HPs Chairman and chief operating officer in 1999, three years after the death of one of its founders, Dave Packard. It was specifically noted that she was hired from external sources and was instrumental in changing various corporate values that were identified to be an integral pause of the HP Way. From among the tranformations attributed to Fiorina were (1) mishandling of lay-offs (2) valuing profits more than people (3) creating a cult of personality and (4) creating a culture of misgiving (Dong, 2002, p. 1). To expound on the aspect of laying-off employees, according to Jaime Ash, a retired engineer who stayed with HP for more than 28 years, the HP way that employees and management had been talking about focused on co-workers (who) were reassigned to new jobs rather than fired how the follow for a time implemented a shortened work week for all employees so accredited individuals would not lose their jobs (Dong, 2002, p. 1). In sum, the differentiated practices under Fiorinas helm and the HP Way argon detailed below Corporate Practice HP Way Fiorinas Helm Firing/lay-offs excogitate reassignment Laid-off 6000 employees Corporate culture Trust, respect Distrust, fear Motivational program motivate by hugs Motivated by fear Management practice To be part of the team Distant and aloof alter top-down approach Communication practice Open, sharing information Close, secret, discreet Mistakes that Led to HPs Near Collapse From the information and assessment of the facts, one could