MGMT449
02/18/2012
Hewlett-Packard’s Five Competitive Forces
"To provide products, services and solutions of the highest quality and deliver more value to our customers that earns their respect and loyalty. HP’s Mission Statement”
Hewlett-Packard or HP as commonly known is a leading global provider of products, technologies, software, solutions, and services to individual consumers, small-and-medium-sized business and large enterprises, including customers in the government, health and education sectors as stated in their 2011 10-K Report. HP was founded in 1939 by William R. Hewlett and David Packard; started its incorporation in California by 1947 and change it to Delaware in May 1998.
Their business operations are organized in seven segments, but the following four are the ones that generate HP’s greatest profits and have a considerable market share: * The Personal System Group: business and Consumer PCs, mobile computing devices and workstation * Services: consulting, outsourcing, and technology services in infrastructure, applications, and business process domains * The Imaging and Printing Group: inkjet, LaserJet and Commercial printing, printing suppliers * Enterprise Business: business products including storage and servers, enterprise service, software and networking.
The other three are also HP’s business segments, but they do not have as much relevance as the three mentioned above. These include: HP software, HP financial services, and Corporate Investments.
Porter’s Five-Forces Analysis for HP
"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. HP’s Vision Statement”
HP understands that Products Life Cycles are short, and for that reason they must develop new products and services, and enhance their existing ones to remain effectively competitive. They also realize