HEWLETT PACKARD

Hewlett Packard



Hewlett Packard

Hewlett-Packard

HP is considered to be the second largest company in the computer industry in the world. It was founded by David Packard and Bill Hewlett, in the year 1939. (Dean, 2010, 25-75) Both of them were graduates from the University of Stanford in the year 1934. The origin of the company was with a very humble start while both of them were still studying at Stanford. Their first product was an audio oscillator precision which was used as a small night-light bulb to operate a resistor which depends on the temperature in a very critical circuit portion. This first invention was one of the outstanding that became a hallmark for the excellence of Hewlett - Packard. These kinds of products had directed the firm towards the title of being an innovative organization in the development of precision instrument. Hewlett-Packard will develop a lot more products which will prove their breakthrough performances over the 50 years. This will eventually provide an ample percentage of the innovative product measurement instrument market.

PEST Analysis

Political

Hewlett-Packard has been working in the industry as a global player. Thus, it needs to comply with national laws of the countries it is operating in. For example, employment regulations, tax payments, custom duty, etc. Furthermore, HP business is highly affected by the data protection laws and international privacy rights. (Malone, 2007, 39-41)

Private ownership is the superior market scheme in UK. Moreover, both dwelling and personal businesses are conceded with the administration for decentralized decision-making. The free scheme in the UK business part is made apparent by the allowance of the output and yield of personal businesses. Statistics displayed that about two-thirds of the general American financial yields are for the persons and their personal businesses. One of the significant functions of the government in business is the development and enforcement of diverse business-related laws. These regulations encompass business and house right defence as well as the prohibition of business practices that are seen as unjust. Product security is furthermore part of these legislations

Economical

Economic trends, for example inflation and regression factors, might deter the purchasing power of consumers and economy. These factors strongly influence the IT Industry. Moreover, the global market is considered to be beneficial market for the creative and innovative companies as there might be some cheap technology provided by foreign markets. Higher tariffs might decrease purchasing power of customers, which causes shifting in consumer buying habits and perception. This in turn affects and leads to loss in revenues for the companies and their partners. (Dobbin, Baum, 2000, 24-79)

Hewlett-Packard is working under the industrial machinery sector. This industry is responsible in producing computers, engine and other electronic equipment. Economic factors with stable and strong GDP in United Kingdom provides a healthy market for business of Hewlett-Packard. Even though, increasing rate of GDP in UK is not that high, however, the stability can balance this negative factor.

Socio-cultural

More than 37.6 million were internet users. The well known about the internet indicated the opportunities of relevant products and ...