Which company's culture is known for "the HP Way"?

The company whose culture is known for “the HP Way” is Hewlett-Packard.

The HP Way was the management philosophy developed by Hewlett-Packard founders Bill Hewlett and David Packard. Inspired partly by Stanford professor Fred Terman, it emphasized teamwork, innovation, fiscal responsibility, employee development, and responsibility to customers and communities. Rather than treating profit as the only objective, the philosophy viewed profit as a means of supporting the company’s broader responsibilities and growth.

HP formally expressed the philosophy in written objectives beginning in 1957, with a seventh objective added in 1966. Practices associated with it included management by objectives, an open-door policy, and “management by wandering around,” in which leaders regularly interacted informally with employees. During a downturn in 1970, HP temporarily reduced everyone’s schedule and pay instead of laying off part of its workforce, a decision often cited as an example of the philosophy in action.

The HP Way is historical rather than an unchanged description of HP today. Critics argued that it could encourage bureaucracy, and many observers date its decline to the 2001–2002 period surrounding Carly Fiorina’s leadership and the Compaq merger.