Management Turnover as Change Agent

Friday, February 8, 2008

Recommended Reading - What Hurd Did to Make HP So Profitable

Connie Guglielmo wrote an insightful piece for Bloomberg, entitled, Hurd Rebuilds Hewlett-Packard by Debating Every Dime. Liberum Research has always used Hurd's appointment to lead HP, after Carly Fiorina was forced to resign, as an example of management change that made a difference. Guglielmo captured the management change at HP in her article opening when she wrote:
Mark Hurd asked managers how they would build the perfect company in five years when he took over the top job at Hewlett-Packard Co. in 2005. He also said he would scrutinize every cent they spent to get there.

"What we want to do is develop a culture that says, `I want to debate every single dime,''' Hurd said. ``I'm not willing to believe that everything we spent in the past was efficient.''
To read the whole story click here.

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