The HP Way

The HP Way, also known as the Packard Way, or simply the Way by employees, was a progressive business philosophy implemented at Hewlett-Packard (HP) by its founders Bill Hewlett and David Packard from the 1940s through the early 2000s. It was a form of management by objectives, which emphasized teamwork, innovation, fiscal responsibility, and the obligation to improve society. It involved collaboration between management and the labor force and infused HP's corporate governance, and was a significant factor in HP's employee loyalty.