ANALYSIS AND COMPANY PROFILE of Hewlett Packard

ANALYSIS AND COMPANY PROFILE of Hewlett Packard On 1 January 1939, there are Stanford University graduates which are Bill Hewlett and Dave Packard, they formed their partnership and decided to start a business. They decide the company’s name with a coin toss. They made a historic commitment to innovation when they founded HP in a garage. The first product they created was an audio oscillator used by Walt Disney to make Fantasia. For over 70 years since then, HP has continued innovating and helping people, businesses, and communities worldwide use technology to improve their businesses and lives. In 1957, the company goes to public. In keeping with Bill Hewlett and Dave Packard’s respect for workers, HP takes the then-unusual step of giving stock grants to employees. The growing company begins building on the site that will become its corporate headquarters in Palo Alto, California. HP also embarks on a path toward globalization, establishing manufacturing and marketing operations in Europe. In the 1980s, HP becomes a major player in the computer with a full range of computers, from desktop machines to portables to powerful minicomputers. HP also links computers with its electronic instruments and medical and analytical products, making them faster and more powerful. HP makes its entry into the printer market with the launch of inkjet printers and laser printers that connect to personal computers. HP’s high-quality, inexpensive inkjet printers spell the end of dot-matrix printers. In 1984, HP debuts the LaserJet printer line, goes on to become the company’s most successful single product line ever. The quality and reliability of HP’s printers make HP a highly recognizable brand by both consumers and businesses. HP focuses on simplifying technology experiences for all of its customers, from individual consumers to the largest businesses at the beginning of the 21st century. HP grows to become the world’s largest technology company with a portfolio that spans printing, personal computing, software, services and IT infrastructure. Later in the decade, a steady stream of acquisitions increases HP’s influence in the software, personal computing and printing markets, and in 2007, HP achieves $100 billion in revenue. In 2009, after the acquisition of EDS, HP moves up to No. 9 on the Fortune 500 list. GENERAL PEST The PEST analysis is the macro-environment or defined as external environment in business point of view. It has been affirmed to be important strategic tools to assess the market growth or decline and it is also a business measurement tool to analyze the external impact of the strategic development of a business. The factors of the PEST are Political, economic, social and technological. These elements are likely to impact your future business. It is drag in an organization considering of the external environment before the project is began. PEST analysis is very simple to complete, is a good material for the workshop session and it is also an effective brainstorming session. Political environment, including a country’s social system, the nature of the ruling party, the Government’s guidelines, policies, laws and so on. Different countries have different social nature, different social system of the organization have different restrictions on activities and requirements. Even if the social system is constant of the country, due to distinct of the ruling party, the government policy features and influence of policy orientation of the Organization is changing at different stages. There are several important political and legal variables which are the nature of ruling party, political system, economic system, tax policy, trade and tariff controls, social and employment legislation.

Bussiness Innovation Essay Example | Topics and Well Written Essays - 2000 words

Bussiness Innovation - Essay Example Simply, innovation can be any item, thought, & process, which is new to a specific area but not essentially to the whole world. According to Austrian economist Schumpeter, J. A. (1982)1, there are 5 cases of innovation, such as- Dynamically Continuous Innovation: It involves the creation & radical change of a product. Example is compact disks as in case of this, 2 dependable factors are regarded. Like- dependence on the application & dependence on originality. Relative Advantage: This idea can be judged on the basis of other facts like advantage of storage or unpredictable & uncontrollable facts like war because relative advantage in innovation do not require so many labors who may be absent in the war time. Complexity: If the innovation is hard to understand or least perceived value to implement, the adopter will consume it less. For example, though the online trade policy of Amazon.Com is easy, for a person who does not use internet system will be very much intimidating. Communicability: It simply states that when the advantage of innovation does not promptly solve a consumer’s problem, it will refuse to diffuse through a community or society relative to the innovation that is more appropriate for problem solution.4 According to â€Å"Smart Spenders, 1000 Global Innovation† which is an article in strategy & business magazine, writers like Rakesh Bordia, Barry Jaruzelski, and Kevin Dehoff have identified 4 basic stages of innovation. But we can elaborate these stages into 8 major parts that are described below- Business Analysis: - Once management has decided on its product concept & marketing strategy, it can evaluate the business attractiveness of the proposal which involves a review of the sales, cost & profit projections for a new product to find out whether they satisfies the company’s objectives.6 Product Development: - For many new product concepts, the product may have existed only as a word description, a drawing,

Teamwork, Collboration, and Conflict Resolution Essay

Teamwork, Collboration, and Conflict Resolution - Essay Example an help achieve collaboration through communication, stability, research and evaluation, as well as resources, leadership, group development and participation to help achieve collaboration in the work place. Collaboration is a process of participation through which people, groups and organizations work together to achieve desired results. It is important that communication is clear and established through a process. Resources are important to use because of their accessibility and credibility to provide results of tools that have been tried before and succeeded or failed or in process through research and evaluation. Management needs to be able to provide leadership and direction to promote and facilitate the workplace in order to develop a sense of collaboration. It is important for those that are in managerial roles to help support team building through this process. Group development helps address important issues along the way. It is important for mangers to identify personality types and the different groups of people that work best together to get the job done. This will help managers in developing a communication system to help achieve the goals and objectives that are put in place. Employees feel connected in formal and informal communication through network and group development, this is important for employees in their personal and professional development. Management is a very high position and takes a lot of understanding within the department or group they are leading. A manager has to be bias and also be able to resolve any conflicts that their employees may have. Looking over conflicts that can happen in the work will consist of using the five factors that come into play. The most effect to me would be to calibrate the ideas that are coming up in the conflict. Put in writing what each employee has to say and make an evaluation on what the next step will be. Each employee has a say so in any type of change or goal that each department is trying to