Founders

#29 David Packard (The HP Way: How Bill Hewlett and I Built Our Company)

Episode Summary

What I learned from reading The HP Way: How Bill Hewlett and I Built Our Company by David Packard.

Episode Notes

What I learned from reading The HP Way: How Bill Hewlett and I Built Our Company by David Packard.

How Steve Jobs was inspired by David Packard (0:01), Books are the original hyperlinks (1:00), Profit is the measure of how well we work together (4:30), HP's first product (9:00) Podcasts before podcasts (11:00), Many of the things I learned in this process were invaluable, and not available in business schools. (14:00), More businesses die from indigestion than starvation. (15:00), The importance of maintaining a narrow focus (16:30), Growth from profit (20:00), Lessons from the Great Depression = No long term debt (21:00), A Maverick's persistence (26:30), How to avoid layoffs in a recession (29:00), Employees should outgrow you (30:20), The perils of centralization (31:00), Closing with optimism (35:00)

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