I think something else is missing here, though. HP had great products, so I don't think that you can necessarily do the "HP Way" in a company where the products that the company makes (or their services) are not seen as valuable and/or worthwhile by the employees.
The HP calculator story pops up here occasionally. They bet huge on it and it paid off hugely. Every scientist and engineer threw away their slide-rule and bought one for a large chunk of change. The design is still iconic.
Packard's response: “We're going to tell everyone and offer them a replacement. It would be better to never make a dime of profit than to have a product out there with a problem.”
They sold 300,000 in the 3 years that model was available.
“It would be better to never make a dime of profit than to have a product out there with a problem” is the reason they made a profit.