Guest OS resolution (text too small) in vmware workstation 12 player

It worked for me too on a HP Spectre 4k laptop (windows 10):

• Right click on the vmware player icon on the desktop shortcut and click properties.
• Move to compatibility tab.
• Check the option "override high DPI scaling behavior. And select the System Enhanced for Scaling performed by:.
• Apply and restart VM.

It should work. Got a result after 5 hours spent on the web.