Innovation at HP
I. HP Background and Overview of The Case
I.1 HP History
After graduated as electrical engineers from Stanford University, Bill Hewlett and Dave Packard become close friends during a two-week camping trip, and they had an idea of having a business together.They did anything at the first time of having a business just to bring a nickel.They made a bowling alley foul-line indicator, a clock drive for a telescope, a thing to make a urinal flush automatically, and a shock machine to make people lose weight.
Bill and Dave begin part-time work in the rented garage at Palo Alto, California, 1938. With $538 (U.S.) in working capital, consisting of cash and a used drill press, they produced HP 's first product, HP Model 200A, a resistance-capacitance audio oscillator. Table I-1 summarize the journey of HP from time to time.
Table I The Journey of HP as a Company
1930s – 1950s
Bill and Dave formalized their partnership on January 1, 1939.
They issued $5 (U.S.) Christmas bonuses and adopted production bonuses on 1954, laying the foundation for the company 's profit-sharing program.
HP established a pioneering health insurance plan for all employees and has its first owned open floor plan that designed for versatility on 1942.
HP held its IPO on November 6, with shares selling for $16 (U.S.). The IPO issued help with estate planning for its founders and to enable employees to share in the company.
HP did their first acquisition on 1958 with F. L. Moseley Company, a producer of high-quality graphic recorders.
HP went global on 1959, establishing a marketing organization in Switzerland and a manufacturing plant in Germany.
Number of employees growth from 2 to 1,178; and revenue growth from $5,369 to $28 million.
1960s – 1980s
HP listed on the New York Stock Exchange on March 17, 1961.
HP introduces its first computer on 1966, the HP 2116A.
Dave Packard elected as CEO and chairman. Bill Hewlett elected as president.
HP instituted flextime first time in
I.1 HP History
After graduated as electrical engineers from Stanford University, Bill Hewlett and Dave Packard become close friends during a two-week camping trip, and they had an idea of having a business together.They did anything at the first time of having a business just to bring a nickel.They made a bowling alley foul-line indicator, a clock drive for a telescope, a thing to make a urinal flush automatically, and a shock machine to make people lose weight.
Bill and Dave begin part-time work in the rented garage at Palo Alto, California, 1938. With $538 (U.S.) in working capital, consisting of cash and a used drill press, they produced HP 's first product, HP Model 200A, a resistance-capacitance audio oscillator. Table I-1 summarize the journey of HP from time to time.
Table I The Journey of HP as a Company
1930s – 1950s
Bill and Dave formalized their partnership on January 1, 1939.
They issued $5 (U.S.) Christmas bonuses and adopted production bonuses on 1954, laying the foundation for the company 's profit-sharing program.
HP established a pioneering health insurance plan for all employees and has its first owned open floor plan that designed for versatility on 1942.
HP held its IPO on November 6, with shares selling for $16 (U.S.). The IPO issued help with estate planning for its founders and to enable employees to share in the company.
HP did their first acquisition on 1958 with F. L. Moseley Company, a producer of high-quality graphic recorders.
HP went global on 1959, establishing a marketing organization in Switzerland and a manufacturing plant in Germany.
Number of employees growth from 2 to 1,178; and revenue growth from $5,369 to $28 million.
1960s – 1980s
HP listed on the New York Stock Exchange on March 17, 1961.
HP introduces its first computer on 1966, the HP 2116A.
Dave Packard elected as CEO and chairman. Bill Hewlett elected as president.
HP instituted flextime first time in
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