Quoting the famous Simon & Garfunkel song Feelin' Groovy is very appropriate for the latest round of problems at Hewlett-Packard. HP was in such a rush to hire their former CEO, Leo Apotheker, that many of the board members never even met him before he was hired. I can understand not having all of the board be a part of the selection process, but before offering him the job, shouldn't he have been vetted by the entire board?
Now who knows what will come with these fraud allegations in the way Autonomy prepared their books, and you can't only point the finger at Mr Apotheker for this mistake, but it is another sign that HP can't operate without making huge mistakes. They have been in such a rush to make up for lost market share and previous mistakes, that they make even more mistakes. Not the kind of business cycle any organization wants to be in.
They need to slow down and stop panicking. There is no one solution that will fix all of their problems.
Hopefully that is what Meg Whitman will do….slow….them….down. They need to take their time and figure out what kind of company they want to be, then execute on that strategy. As I have said many times before, sometimes you need to slow down in order to maximize profitability. This is even more important for an organization like HP that has a recent track record of making bad decisions and big mistakes.
They need to sit down, put on Feelin' Groovy and let the words resonate…."slow down, you move too fast…"