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    Institutionalization process and structural change at Hewlett-Packard

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    Read Application 11.2: Discuss Hewlett-Packard's institutionalization process. Be sure to cite at least four factors in their process.

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    Hewlett-Packard Institutionalization Process

    The HP Way came about by Bill Hewlett and David Packard as it reflects the core values of the company. Not every company would benefit from the HP Way, but Hewlett-Packard did. "The core essence of the HP Way consists of five fundamental precepts as follows (2005):

    1) The Hewlett-Packard Company exists to make a technical contribution and should only pursue opportunities consistent with this purpose.
    2) The Hewlett-Packard Company demands of itself and its people superior performance - profitable growth is both as means and a measure of enduring success.
    3) The Hewlett-Packard Company believes the best results come when you get the right people, trust them, give them freedom to find the best path to achieve objectives, and let them share in the rewards their work makes possible.
    4) The Hewlett-Packard Company has a responsibility to contribute directly to the well-being of the communities in which it operates
    5) Integrity, period.

    The factors that promoted ...

    Solution Summary

    Institutionalization process and structural change at Hewlett-Pa is examined.