MANAGEMENT

Strategic Planning



Strategic Planning

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. Both of them were graduates from the University of Stanford in the year 1934. 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 (Dean, 2010, 25-75).

PEST Analysis

Political Aspect

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)

The superior market scheme in United Kingdom is the concept of Private ownership. The free scheme in the US businesses part is made apparent by allowance of output along with the yield of personal business. Stats displayed that 2/3rd of general US businesses financial yields belong to the individuals involved in the business along with business itself. On the other hand the significant function of the government with respect to businesses is the establishment along with the enforcement of business oriented laws. The regulations entail the code of conduct of business and highlight the kind of practices that are prohibited for businesses to practice that are seen as unethical. The security of the Product is furthermore a crucial sub-part of the legislations

Economical Aspect

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 a 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

There are 37.6 million and more internet user's existent. Research indicated that the internet has potential opportunities for the introduction of products and services. Hewlett-Packard is an innovation-based company which has brought change in the lifestyle of people. It has also contributed in bringing a change in management of business ...