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February 10, 2005
Speaking at the Global Business Forum in Sydney, Fiorina told the audience that by 2030, technology will be so integral to daily living that we will take it for granted.
"We have entered the main event of technology...We are talking about an era where technology is woven into the fabric of life and almost disappears. It means that technology is in everything and everywhere," Fiorina said.
The change will happen gradually, "although it is clearly going on now," she added.
Fiorina also explained her decision to take up positions on the boards of two companies--Cybertrust and Revolution Health--since her departure from HP just over one year ago. "In the next five years, the biggest areas of technological change will be in cybersecurity and health care. That is why I have chosen to sit on some company boards," she said.
Managing the transformation
Fiorina offered some advice to anyone looking to transform their business using something called her "leadership framework," which means viewing an organization as a combination of hardware and software.
"I would argue that structure, process, measurement and results are, to use technology terms, the hardware of the institution. The software is culture, behavior, personality, values. Just like a computer will not work without hardware and software, neither will an institution. We can't just change the hardware; you also have to change the software," she said.
According to Fiorina, a successful transformation will also require a balance of optimism and realism. "Optimism fundamentally is the belief that things can be better and people are capable of achieving more. Realism is what provides the discipline and rigor around change," she said.
"All change takes discipline and rigor. I don't care if change is losing weight or transforming a company. You better have discipline, rigor and measurement. And by the way, change happens in small steps," she added.
Munir Kotadia of ZDNet Australia reported from Sydney.
See more CNET content tagged:
Carly Fiorina, rigor, Sydney, dot-com, leadership
HP went from being a company that cared about it's customers, stock holders and employees to a company that cared about it's stock holders first, customers second and employees were... on the list somewhere down there. Before Carly, HP could at least argue they had never had layoffs (there were some "volunteer" retirements but no official layoffs). During her leadership my lab saw 3 layoffs, and it was worse for some other sections of the company. And she made profit sharing into a joke. Even during a RECORD SETTING third quarter company performance one year, we didn't meet MINIMUM payout requirements for profit sharing.
Carly was a disaster for HP. As a CEO she's blindly focussed on short term stock value to the detriment of employee retention and long term goals. She seems to have no grasp of the value of "mindshare." The amount of talent she sold and/or gave away is staggering. She took one the great engineering companies and tried to make it a commodities business. And her ability to understand company morale, let alone manage it, was dismal. With quotes like "We don't want to be in the chip business." and "The founders didn't intend profit sharing to share profits." I'm amazed she still has any clout in this industry.
In short, she demonstrated a fundamental lack of understanding in regard to engineering companies, what makes them great and how they bring value to the market. And instead of learning a new approach she tried to force HP into a mold that had already failed at Lucent.
I like it when rich people assume intellectual superiority and predict the future!
But then again, these days at the pay $$$$ to hear media events she attends, she has been made to admit to assorted simple errors of poor judgement, whilst CEO at HP!, and many other pointed questions remain unanswered.
Ah such is life, for those who choose not to learn from a past historical mistakes, are forever doomed to repeat them!
Some people, never know when they are well past the use by date, or operating above and beyond the limits of their limited talents.
Cars, radios, TVs, telephones, cell phones, home theater systems, CDs, DVDs, you name it, the list is endless.
And guess what - in 25 years there will be new technologies that real R&D departments will develop that eventually will also be integrated into everybodies everyday lives.
Retard.
Even childrens shows like Robotech were smart enough to realize this 20 years ago. Why isn't Carly?
Though HP did overpay Compaq for 19 Billion, in the end, it not only gained a brand and assorted products in the server and storage spave for HP, but has also seen the turnaround eventually for HP. Otherwise HP would probably have been forced to exit the desktops altogether by now.
The board of directors did realize that, but wanted her to go away in any case as they saw her as overbearing. This was when HP eventually was on the verge of profit making.
Mark Hurd had nothing much to do except for cost cutting as he took over when all the services, (Support, PCs, printers, infrastructure, aligned services and software services) were pretty much in the packaged. In fact 25000 jobs cut was announced after he took over. Though this is not a negative feeler about him, (He is doing his best for the company in his role) I personally believe Carly had more to offer HP...
You think this lady, who makes bad analogies about "companies are hardware and software" was this great CEO? You keep drinking that politically-correct kool-aide, OK? And maybe you can then tell us about how great Hilary Clinton is because she's a woman, and how great Kofi Anan is because he's black...
paid for it, but the idea that probably half the people at the
conference wrote down what she said like it was some spark of
wisdom!
Cmon, you know they did.
Carly doesn't understand engineering companies. She doesn't understand what makes them work, or how to run them. Most of the employees at HP that I worked with during her reign as CEO expressed similar sentiments.
Nope that is not the case. Refer to the below link for pre-merger information.
HP's net worth pre-merger was at
Total HP Compaq Net worth
Revenues $47.0 bill $40.4 bill $87.4 bill
Assets $32.4 bill $23.9 bill $56.4 bill
Operating
Earnings $2.1 bill $1.9 bill $3.9 bill
http://www.hp.com/hpinfo/newsroom/press/2001/010904a.html
Also note the point mentioned below from the article.
The merger is expected to generate cost synergies of approximately $2.0 billion in fiscal 2003, the first full year of operations; fully realized synergies are expected to reach a run rate of approximately $2.5 billion by mid-fiscal 2004.
New HP would be the #1 global player in servers, imaging & printing, and access devices (PCs & hand-helds), as well as Top 3 player in IT services, storage and management software.
She was on track as stated earlier by me. Except that the revenues were slightly lesser due to lower margins from the desktop and the transitioning. Also HP's position pre merger was at 7 and Compaq's at 11. Post merger, it was the third position if I am correct.
The entire story about Carly's actual role in HP and her downfall is well documented at the below site (if you care to read).
http://www.businessweek.com/magazine/content/05_11/b3924044_mz011.htm
also read
http://h50043.www5.hp.com/hpnewsroom/IN/eng/fast_facts.asp
It was only that the profits after merging compaq started to seep just before Carly quit. It was pure boardroom politics that she had to quit..
I still say that she was one gutsy lady who took the major decisions.
She says... things... you know... but... if they really amount to anything... like... to start with... if they mean something...
I don't know...
Ricky Pontig's "gutsy lady" remarks. The rest are the drivel of
low-achieving men who resent a successful woman. And, I do
mean low-achieving. The men criticizing Ms. Fiorina can't even
spell or write grammatical sentences, not to mentionn think
analytically. This is a showcase of their shortcomings, not hers.
HP was foundering when Ms. Fiorina became CEO. It improved
somewhat under her tenure, including achieving a higher profile.
Since her departure. HP has been characterized by retrenchment,
including layoffs.
Last, but not least, HP is not an engineering firm. Yes,
engineering is part of what a manufacturer of products does.
But, anyone who thinks that it is the only important aspect of a
manufacturer should be put out to pasture. Maybe the fellow
who said that will get his walking papers soon.
ATTN Cnet: "Page not found" followed by multiple posts is
occurring more often than it used to.
What Ricky has done is demonstrate the difference between
opinons and facts. The people eager to pillory Ms. Fiorina do so
based on opinion. (With an unhealthy degree of misogyny
involved.) The facts, as he shows, don't support what they
believe.
- Attack of the inept men
- by J.G. February 25, 2006 11:40 AM PST
- The only comments on this thread that make much sense are
- Reply to this comment
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- HP will 'disappear' in 25 years
- by February 28, 2006 10:19 AM PST
- HP used to be an Engineering Company, back when
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- HP will 'disappear' in 25 years
- by February 28, 2006 11:17 AM PST
- HP used to be an Engineering Company, back when
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- HP will 'disappear' in 25 years
- by February 28, 2006 1:44 PM PST
- HP used to be an Engineering Company, back when
- View reply
Processing -
- Women on Women or Men on Men- Doesn't have to be Women vs. Men
- by afdarlington March 7, 2006 9:06 AM PST
- One might think you are defending Carly Fiorina because you are a woman, given the tone of vehemence in your post.
-
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(27 Comments)Ricky Pontig's "gutsy lady" remarks. The rest are the drivel of
low-achieving men who resent a successful woman. And, I do
mean low-achieving. The men criticizing Ms. Fiorina can't even
spell or write grammatical sentences, not to mentionn think
analytically. This is a showcase of their shortcomings, not hers.
HP was foundering when Ms. Fiorina became CEO. It improved
somewhat under her tenure, including achieving a higher profile.
Since her departure. HP has been characterized by retrenchment,
including layoffs.
Last, but not least, HP is not an engineering firm. Yes,
engineering is part of what a manufacturer of products does.
But, anyone who thinks that it is the only important aspect of a
manufacturer should be put out to pasture. Maybe the fellow
who said that will get his walking papers soon.
Bill and Dave ran the place. By 1980, we had
critters like John Young running the place, who
wanted to be in charge of a Computer Company. . .
Today, HP makes its money from selling inkjet
cartridges. Every other division either loses
money or has an ROI below T-Bills.
It's kind of sad.
Carly did a pretty good job at Lucent's semiconductor
division (formerly known as Western Electric),
but never really understood the high-tech business
and certainly never understood high-tech culture.
Her time at HP was a disaster, and she has lost
so much credibility that she has to give speeches
on the future of technology in AUSTRALIA.
Nobody in California takes her seriously, except
maybe for those former HP employees who hate her
for laying them off.
Having said that, I think that fairness requires
that I say that HP may have been a lost cause
when she took over. The fundamental problems
which she tried (and failed) to deal with were
in place at least 10 years before she showed up.
The job sure looked like Mission Impossible. . .
Bill and Dave ran the place. By 1980, we had
critters like John Young running the place, who
wanted to be in charge of a Computer Company. . .
Today, HP makes its money from selling inkjet
cartridges. Every other division either loses
money or has an ROI below T-Bills.
It's kind of sad.
Carly did a pretty good job at Lucent's semiconductor
division (formerly known as Western Electric),
but never really understood the high-tech business
and certainly never understood high-tech culture.
Her time at HP was a disaster, and she has lost
so much credibility that she has to give speeches
on the future of technology in AUSTRALIA.
Nobody in California takes her seriously, except
maybe for those former HP employees who hate her
for laying them off.
Having said that, I think that fairness requires
that I say that HP may have been a lost cause
when she took over. The fundamental problems
which she tried (and failed) to deal with were
in place at least 10 years before she showed up.
The job sure looked like Mission Impossible. . .
Bill and Dave ran the place. By 1980, we had
critters like John Young running the place, who
wanted to be in charge of a Computer Company. . .
Today, HP makes its money from selling inkjet
cartridges. Every other division either loses
money or has an ROI below T-Bills.
It's kind of sad.
Carly did a pretty good job at Lucent's semiconductor
division (formerly known as Western Electric),
but never really understood the high-tech business
and certainly never understood high-tech culture.
Her time at HP was a disaster, and she has lost
so much credibility that she has to give speeches
on the future of technology in AUSTRALIA.
Nobody in California takes her seriously, except
maybe for those former HP employees who hate her
for laying them off.
Having said that, I think that fairness requires
that I say that HP may have been a lost cause
when she took over. The fundamental problems
which she tried (and failed) to deal with were
in place at least 10 years before she showed up.
The job sure looked like Mission Impossible. . .
I might add that HP was facing layoffs under her direction in 2002.