Tom Peters and Robert Waterman put Hewlett-Packard as the best company at the end of 1970. Jerry Pornas and James Collins in their book entitled "Built to Last" included Hewlett-Packard as a company receiving an award for its long survival. Based on a poll, the company was one of the companies with the best management. Similarly, Fortune magazine included Hewlett-Packard as one of the most admired companies in the world. Hewlett-Packard is a company that has been successful in achieving many remarkable accomplishments.
Hewlett-Packard was founded with the stood capital of $ 538 by Bill Hewlett and Dave Packard in a garage that they rented in Palo Alto in 1937. Bill Hewlett and Dave Packard were classmates at Stanford University. "We think we'll have a job for ourselves. We do not think that we can have a big company," said Packard. "The garage is the origin of Silicon Valley", said Stuart Crainer in his book entitled "The 75 Greatest Management Decision Ever Made."
The first product of Hewlett-Packard's sales was the gauge of sound waves sold to Walt Disney. The result from the sales was $ 5,100 with a profit of $ 1,300, the first success of Hewlett-Packard. The next products were the automatic machine leveler of lettuce, and shock machine to help people lose weight. Hewlett-Packard also considers the market for automated tools to dump urine, bowling floor sensors, and air conditioning. They left the garage in 1940.
However, Hewlett-Packard experienced a crisis after the world war occurred in 1946. When a crisis occurred, creativity began to emerge. Furthermore, Hewlett-Packard dared to make a decision to recruit more people who had technical ability. The results were quite impressive, and sales reached $ 2.1 million in 1948.
Hewlett-Packard does not rely on long-term debt in developing businesses but on products that can become market leaders. "Our job is to design, develop, and produce the best for the sake of scientific progress, and the prosperity of mankind. We intend to devote ourselves to the task," said Packard.
In 1976, one of the engineers found that if the metal is heated in a certain way, it will disperse. The decision to use this technology rose the business of the ink-jet printers which eventually have become successful laser-jet ones, and the success started from a rented garage.