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            | Topic: | Business | 
        
            | Number of pages / Number of words: | 4 / 965 | 
                
    
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The company is also one of the first corporations in U.S that used the "management by objective" approach. "Management by objective is an art of management and technique whereby the actions of analysis, direction and control are focused on the end result" (Trautmann , 2003). Executives in HP also created an informal workplace which encouraged employees to use their first names...
        
        
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Executives in HP also created an informal workplace which encouraged employees to use their first names. They visited as many departments as possible without appointments and scheduled meetings and talked with line workers as often as with managers in order to understand the operations. The company endorse the idea that employees have as valid interest in the performance as do shareholders...
        
        
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