On 31 October HPE reported FY2019 annual revenue of $29.135 billion, down 5.57% … The Hewlett Packard Enterprise Company (commonly referred to as HPE) is an American multinational enterprise information technology company based in San Jose, California, founded on 1 November 2015 as part of splitting of the Hewlett-Packardcompany.
One, do they have both management and operational skills sufficient to run the company (scale and product specific)?
All rights reserved. Meg Whitman, who served as the CEO of HP since 2011, has taken charge of the enterprise-focused business.
But Whitman didn’t come up in HP, and my theory is that this may also be a unique problem for female executives.
Arguably one of the strongest CFOs in the planet, if Whitman had understood teams, Lesjak should have been her best first choice when it came to choosing who got whom. Both Partner First and Partner Ready will build upon HP’s industry-leading PartnerOne program to help partners of both new organizations capture and capitalize on opportunities through customer-oriented, solutions-led sales. It isn’t your fault if you were chosen to do a job outside your skill set; it is the fault of the person who chose you. So, look for three things in a new CEO to determine early on if they are likely to be a success. One of my indicators of whether a new CEO will work out is how well they build the team of folks reporting to them. Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes. They must compete for the job and view those at the same level as rivals, then, once promoted, can’t step back and realize they now must be allies. I don’t think it is rocket science. I also teach at Columbia University. HP loses its CEO and rejects a hostile suitor. Since the split of HP Inc. from Hewlett Packard Enterprise Co. (NYSE: HPE) became final in November of that year, both stocks have done very well. So why is HP Inc. doing so much better? HPE was carried by services, with weakness in most other segments. I’ve seen hardware guys put in software jobs, software guys put in hardware jobs, accounting executives put into places like HR, and I’ve even seen folks put engineers into marketing (there should be a law against that). Generally, this problem starts with boards that just aren’t aligned with the businesses they oversee and couldn’t match a recruit to a requirement (let alone come up with a valid set of employee required skills) to save their lives. If so, you don’t have a team, you just have a very talented mess.
This isn’t uncommon in an executive who comes up organically. It doesn’t matter how good the people are if they either won’t follow the leader or can’t function together. HP Inc. CEO Dion Weisler hand-picked the best executives the combined company had in both Finance and HR, he was a subject matter expert having come up in the industry HP Inc. would find itself in, and he stayed focused on the job and didn’t try to multi-task with politics.Let’s take each in turn, because, at the core of this is a lesson that the technology industry doesn’t seem to want to learn.We talked about skills and team building, but one other thing that seems to recur far more than it should is this idea that any executive can do any executive job. Following the split, HP Incorporated (HP Inc.) will continue selling PCs and printers, while HPE will focus on servers, storage, networking, security and corporate services. Both HP Inc. and its one-time parent, HPE, released financial reports this week. )What is interesting about comparing HP Inc. and HPE is that the CEO who crafted the split clearly stacked the deck, putting the businesses that were in seemingly declining markets (PCs and Printers) and the lion’s share of the debt into HP Inc., while keeping what should have been growth businesses and low-risk initiatives in HPE. HP was led by Dion Wiesler, who previously led its PC and printing units, after its split with HPE. When you have those kinds of numbers, luck plays an incredibly big role on a macro level. HP’s split into two independent companies … HPE.
I also teach at Columbia University.
It does not matter how good the people are if they either will not follow the leader or cannot function together.The old saying is that there is no “I” in team.