HP HP-Measure-1963-11 free download

File name HP-Measure-1963-11.pdf

from our president's desk AS YOU KNOW, we have been gradually divisionalizing their own traditions, characteristics, and product lines. For .r\... our corporate structure to provide greater flexibility example, General Motors operates on a divisional basis. Yet throughout the organization and to improve our over- in the eyes of the public GM's divisions, such as Chevrolet all operating efficiency. Several of our field sales groups have and Pontiac, are separate companies with distinct lines of been divisionalized, and we have also converted some of our products and strong customer and employee loyalty. important engineering and manufacturing subsidiaries, such as Dymec, Boonton, and Harrison Laboratories, into divi- The same is true of our established divisions, such as SIons. Dymec, Boonton, and Harrison, and of our newly-created divisions-Sanborn, Neely, and Lipscomb. Down through For a company of our size and scope a divisionalized the years they have built up an identity and character which structure offers several advantages, not the least of which will be retained regardless of the type of organizational is the increased opportunity for individuals to move from structure under which they operate. Clearly, divisionalization one division to another, assuming positions of greater re- should in no way diminish our most important corporate re- sponsibility, challenge, and reward. source-the enthusiasm and loyalty of our people. As of November 1, the beginning of our 1964 fiscal In connection with this most recent divisionalization, we year, we divisionalized three additional groups. Two of have made some reassignments of personnel which we believe these are sales organizations, Neely Enterprises and Earl will strengthen our organization. Bruce Wholey has been Lipscomb Associates, both of whom have been associated appointed general manager and chief executive officer of with us for many years and have contributed greatly to our Sanborn. He succeeds Al Lonnberg, who recently resigned continuing sales growth. to take a year's leave of absence from the company. Bruce The third new division is Sanborn, our largest and most has been with us since 1945 and for the past three years has important subsidiary. While it may take a few months to served as general manager of our Microwave Division. Suc- complete the necessary legal arrangements converting San- ceeding Bruce in heading up the Microwave Division is born into a division, the company is now functioning, inso- John Young, whose previous position as division sal