Mgmt Memo

This November 1982 issue of "Mgmt Memo" serves as a communication tool from Digital’s Office of the President to its managers and supervisors. The document covers several key updates:

• Corporate Strategy: President Ken Olsen emphasizes a strategy of bold product development coupled with financial conservatism to ensure long-term stability. A major focus is placed on expanding Digital's influence in the office automation market, specifically targeting the white-collar sector.
• Expense Control: To navigate economic challenges, the company has implemented strict expense controls. Management explains that while some pre-existing commitments (like employee outings) were honored, the company is consolidating and pausing new construction to curb costs. Employees are encouraged to practice frugality, noting that even small daily savings can cumulatively save the company millions.
• Management Communication: The memo introduces itself as a new monthly publication designed to provide managers with accurate information to help them better lead their teams, addressing previous feedback that employees felt under-informed.
• Recognition: The document highlights Ken Olsen receiving the Founders Award from the National Academy of Engineers for his outstanding engineering achievements.
• Financial Outlook: Bill Thompson, Vice President and Controller, reiterates the importance of cost control as a proactive response to business cycles, ensuring the company remains financially strong to invest in its future.