HP an abbreviation for Hewlett Packard is a company that
specializes in the production of laptops, printers, mobiles and networks. Etc.
HP MISSION STATEMENT is; "To provide products,
services and solutions of the highest quality and a good reputation
HP operates in other businesses such as
Information optimization
Converged cloud solutions
deliver more value to our customers that earns
their respect and loyalty."
HP VISSION STATEMEMNT; "To view change in the
market as an opportunity to grow; to use our profits and our ability to develop
and produce innovative products, services and solutions that satisfy emerging
customer needs."
It meets
the needs of its stake holders through its objectives by..
There
product is valuable therefore tends to provide loyal customers
Durability;
Hp is known for producing durable laptops
Providing
more service and solutions lead to market leadership
They are
committed to their employees
They
appear responsible and loved by mostly all the customers that purchase their
product.
Popular:
HP is known worldwide and has
They also sell other products like printers
e.t.c
HP seek
to achieve competitive advantage through the following.
Uplifting
its leadership status through its operating business
Try to
avoid risks by doing other business such as cloud computing
They
should use advantages such as cost advantage through the large economies of
scale.
SWOT analysis for HP
STRENGHT:
a) lots of money: HP has enough money to do more, bring
in new ideas, seek new ideas, hire professionals. HP is capable of hiring good
professionals to set them back on track because they are financially stable.
b) Linkages
penetration and reputation; HP is an influential organisation, more so people
see HP as a responsible company. They are in a good position.
c) Software
expertise; HP is known to be experts in their productions i.e the software
part, they have various applications. And they have a printer e.t.c Besides HP
is a leading software firm.
d) Good brand
equality.
WEAKNESSES:
a) Leadership
problem; HP has a problem with their leadership. That is, it lacks internal
management.
b) Late
entry into market: with HPs late entry into market eg networking and mobiles,
they started producing mobiles really late.
c)
Competition: HP is all about competition and not corporation in the
organization.
d)
Sackings and layoff of the employees
e) poor
innovation
OPPORTUNITIES:
Reputation: HPs
reputation is good, HP is fast evolving.
Imaging and printing;
HP is known for printing
Product diversification;
can also divers their products
Initiative; highly
initiative on people and future investors
THREATS
a)
Competition; almost every business threat is competition, for HP, they have
apple to compete with
b) Late
entry into networking and mobiles.
c) Supply
disruptions and recall of product like piracy. E.t.c.
The
rationale behind HP’s changes in the scope of its business activities over the
last decade – its business level strategy.
HP, which is really
known for production of pc, is now gradually changing or moving from PC to
networking and phones etc.
Back then, mainframes
where shunned for PC which affected the IT as at then. HP also suffered from
his change. It focused on providing
services. Personal computers then became slow profit providers because their
demand was low, it was a tablet era. HP did not respond adequately to the
transformation. HP then decided to enter the tablet business jus like IBM
entered PC. They used this strategy by looking at what IBM did.
The reasons
for and against the decision to exit PC manufacturing which contributed to the
departure of the last CEO Leo Apotheker
the reasons were.. the personal computer was
already a dying industry because of tablets just as though it was to set out
mainframes.
b) Also new challenge may arise which will inspire
HP’s ranks.
REASONS
AGAINST; considering HPs problems and history it is not sure if there will be
any major change or shift from where HP really is.
This is really interesting, to me as an entrepreneur this is a really detailed compared to a SWOT analysis done by a grad student for SAMSUNG thumbs up.
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