Research Park

Although not the consumer electronics company with the highest returns, we examine Hewlett-Packard's practices because they became the foundation for the entrepreneurial fountain of American innovation now known as Silicon Valley. A heroic story of entrepreneurship, HP began in 1938 in a small one-car garage in Palo Alto with a group of buddies who shared an interest in electrical engineering developed at Stanford University. While searching for an initial product to manufacture, they found a "demand" for a lower priced audio oscillator design that they developed while at Stanford. A line of audio-frequency measuring devices soon followed. Encouragement and coaching from a member of the

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