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David Packard Biography

David Packard (/ˈpækərd/ PAK-ərd; September 7, 1912 – March 26, 1996) was an electrical engineer and co-founder, with William Hewlett, of Hewlett-Packard (1939), serving as president (1947–64), CEO (1964–68), and Chairman of the Board (1964–68, 1972–93). He served as U.S. Deputy Secretary of Defense from 1969 to 1971 during the Nixon administration. Packard served as President of the Uniformed Services University of the Health Sciences (USU) from 1976 to 1981. He was also chairman of the Board of Regents from 1973 to 1982. Packard was the recipient of the Presidential Medal of Freedom in 1988 and is noted for many technological innovations and philanthropic endeavors.

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David Packard Quotes

People, materials, facilities, money, and time are the resources available to us for conducting our business. By applying our skills, we turn these resources into useful products and services. If we do a good job, customers pay us more for our products than the sum of our costs in producing and distributing them. This difference, our profit, represents the value we add to the resources we utilize.

Differences, Facilities, Jobs, Money, Services, Skills

Take risks. Ask big questions. Don't be afraid to make mistakes; if you don't make mistakes, you're not reaching far enough.

Afraid, Enough, Mistake, Reaching, Risk, Risks

More organizations die of indigestion than starvation

Die, Indigestion, Organization, Organizations, Starvation

To remain static is to lose ground.

Ground, Lose, Loses, Remain, Static

Marketing is too important to be left to the marketing department.

Business, Department, Important, Left, Marketing

Profit is not the proper end and aim of management - it is what makes all of the proper ends and aims possible

Aims, Business, Economics, Management, Profit

Management by Walking Around

Hiking, Journey, Management, Walking

Avoid openly trying to reform people. Every man knows he is imperfect, but he doesn't want someone else trying to correct his faults. If you want to improve a person, help him embrace a higher working goal-a standard, an ideal-and he will do his own 'making over' far more effectively than you can do it for him.

Imperfect, Improve, Inspiring, Men, People

The betterment of society is not a job to be left to a few. It's a responsibility to be shared by all.

Betterment, Job, Jobs, Responsibility, Thought Provoking

The greatest success goes to the person who is not afraid to fail in front of even the largest audience.

Entrepreneur, Failing, Front, Greatest, Not Afraid, Success

Why are we here? I think many people assume, wrongly, that a company exists solely to make money. Money is an important part of a companys existence, if the company is any good. But a result is not a cause. We have to go deeper and find the real reason for our being.

Existence, People, Real, Reason, Solely, Thinking