Case Study HP
Hewlett Packard Corporation 2007
Table of contents
Introduction
Existing vision, mission, objectives and strategies Proposed vision and mission
Stage 1: Input Stage
Internal Factor Evaluation (IFE) External Factor Evaluation (EFE) Competitive Profile Matrix (CPM)
Stage 2: Matching Stage
Strengths-Weaknesses-Opportunities-Threats Matrix (SWOT) Strategic Position and Action Evaluation (SPACE) Boston Consulting Group Matrix (BCG) Internal- External Matrix Grand Strategy Matrix
Stage 3: Decision Stage
Quantitative Strategic Planning Matrix (QSPM) Strategy and Long-term objectives Comparison with the Actual Strategies of the Company Implementation & Expected Results
Conclusion
Vision & Mission
Existing vision, mission, objectives and strategies
Hewlett Packard has formulated shared values on their homepage. The Values they work according to are as follows: Passion for customers We put our customers first in everything we do. Trust and respect for individuals We work together to create a culture of inclusion built on trust, respect and dignity for all. Achievement and contribution We strive for excellence in all we do; each person's contribution is critical to our success. Results through teamwork We effectively collaborate, always looking for more efficient ways to serve our customers. Speed and agility We are resourceful and adaptable, and we achieve results faster than our competitors. Meaningful innovation We are the technology company that invents the useful and the significant. Uncompromising integrity We are open, honest and direct in our dealings.
The visions statement is formulated in the form of Corporate Objectives: Customer loyalty We earn customer respect and loyalty by consistently providing the highest quality and value. Profit We achieve sufficient profit to finance growth, create value for our shareholders and achieve our corporate objectives. Growth We