Hewlett-Packard Swot Analysis
History and Business Goals of Hewlett-Packard
Asma Islam
Davenport University
Abstract This paper illustrates the historical and business goals of the technology company Hewlett-Packard. A breakdown of the roots and beginnings of the company is provided along with business techniques the founders have implemented to create this successful company.
Hewlett-Packard Hewlett -Packard Company(HP) is an American technology corporation that was founded by William Redington Hewlett and Dave Packard. Both had graduated from Stanford University with degrees in electrical engineering. The "company" started up with the aid of their mentor and professor Fredrick Terman in a fellowship during the Great Depression. What began as an idea in Packard 's garage in Palo Alto, California with an initial capital investment of $538 turned into a multinational information technology corporation with annual revenue of $40 million (Pimental, 2012). Their first financially successful invention was an audio oscillator, the Model HP200A. The use of an incandescent light bulb allowed them to sell their model for cheaper when competitors were selling similar less stable oscillators for three times their price. Walt Disney Productions was one of HP 's first customers which purchased these oscillators for their sound systems when the movie Fantasia premiered (Takahashi, 2003). Hewlett-Packard did not begin with a set goal or direction but instead worked on several types of electronic products. In the years between 1940 and 1990 they worked mainly with test electronics such as voltmeters and oscilloscopes in which they enhanced accuracy, precision, and sensitivity. In the 1960 's HP expanded their business into Japan by forming a joint venture with the Yokogawa Electric company to market HP products (Berger, 1988). It was unfortunately not successful due to the heavy finances required to build the products in Japan. The founders, known by friends and workers as Bill and Dave,
Asma Islam
Davenport University
Abstract This paper illustrates the historical and business goals of the technology company Hewlett-Packard. A breakdown of the roots and beginnings of the company is provided along with business techniques the founders have implemented to create this successful company.
Hewlett-Packard Hewlett -Packard Company(HP) is an American technology corporation that was founded by William Redington Hewlett and Dave Packard. Both had graduated from Stanford University with degrees in electrical engineering. The "company" started up with the aid of their mentor and professor Fredrick Terman in a fellowship during the Great Depression. What began as an idea in Packard 's garage in Palo Alto, California with an initial capital investment of $538 turned into a multinational information technology corporation with annual revenue of $40 million (Pimental, 2012). Their first financially successful invention was an audio oscillator, the Model HP200A. The use of an incandescent light bulb allowed them to sell their model for cheaper when competitors were selling similar less stable oscillators for three times their price. Walt Disney Productions was one of HP 's first customers which purchased these oscillators for their sound systems when the movie Fantasia premiered (Takahashi, 2003). Hewlett-Packard did not begin with a set goal or direction but instead worked on several types of electronic products. In the years between 1940 and 1990 they worked mainly with test electronics such as voltmeters and oscilloscopes in which they enhanced accuracy, precision, and sensitivity. In the 1960 's HP expanded their business into Japan by forming a joint venture with the Yokogawa Electric company to market HP products (Berger, 1988). It was unfortunately not successful due to the heavy finances required to build the products in Japan. The founders, known by friends and workers as Bill and Dave,
References: Berger, M. (1988, Aug 26). Tokyo-palo alto connection/chip rivals cooperate. San Francisco Chronicle (Pre-1997 Fulltext). Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/302276734?accoun tid=40195 Pimentel, B. (2012, Nov 28). Former autonomy CEO challenges HP allegations. Waterloo Region Record. Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/1220431746?accou ntid=40195 Takahashi, D. (2003, Oct 10). HP, disney reach 10-year business alliance. Knight Ridder Tribune Business News. Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/462971715?accoun tid=40195 The HP way. (1996). Quality Progress, 29(10), 29-29. Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/214732501?accoun tid=40195 William hewlett co-founder of hewlett-packard, which began in 1939 in a californian garage, and later became a leader in the computer revolution. (2001, Jan 15). The Daily Telegraph. Retrieved from http://search.proquest.com.proxy.davenport.edu/docview/317441871?accoun tid=40195