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Introduction of Hewlett- Packard Company. Register to view the rest of this essay. The Hewlett- Packard Company, which is a technology corporation in California, specializes in developing and developed computing, storage, network hardware, software and services. The main product lines contain personal computing hardware, activity servers and linked storage. This enterprise is one of the biggest technology companies in the world.
As we know, Hewlett Packard popularly called HP is a company that provides technology solutions to consumers, businesses and all forms of institutions worldwide. The company later expands its operations to IT infrastructure, personal computing and access devices, global services and imaging and printing services. Moreover, the company is known throughout the world by operating in more than 1. The mission of the company is to facilitate how technology and services can assist individuals and institutions in addressing their problems and challenges so as to realize their dreams. The company applies new thinking and ideas come out with basic and valuable experiences with the technology with her IT corporation headquarter in Palo, Alto, California, USA.
Obviously, the HP is one of the world's leaders in providing solutions and services to individual consumers and businesses through information technology. They are classified in the Diversified Computer Systems Industry. The HP has made a place in the industry by continuing to deliver quality products with cutting edge technology, or differentiation. Their products have been set as the industry standard.
As usual like other companies, they have also many different competitors including, Apple, Dell, IBM, Cannon, and Gateway. The threat of new competitors in their market is low due to the many barriers of entry. When looking at the possibility of having substitute products in the market, there is little threat due to the inability to substitute computers and other technology devices. Because of this, buyers have little bargaining power but suppliers have high bargaining power. This can be attributed to the demand for technology. The development of Hewlett Packard was mostly oriented to new and innovative technology products.
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The founders relied heavily on their ability to do technological research and development that would result in saleable products. Initially, the products were mainly measurement machines, devices and instruments. With their growing success, HP broadened its scope of R& D (research and development), production and sales of technology- based products. As the following information reveals, the company developed an enviable record of breakthrough and innovative products that resulted in outstanding growth, profits/earnings, market leadership and its other objectives. The HP strategy is highly efficient and its emphasis on standards- based technologies supply chain management organization combines its direct customer model with manufacturing. These HP strategies for customers are super related technology, customized systems, superior service support, services and products that are easy to buy and use. HP has more systems for example enterprise systems, client systems, printing and imaging systems, software and peripherals and it has designs, develops, manufactures, markets, sells, and supports a wide range of products that are customized to customer requirements.
HP is offering a full range of flexible seeks to simplify computing experience for customers' this is by applying the direct business model to its global services business, the HP help customers maximize the value of their Information Technology investments, rapidly deploy systems, and try consumers educate in Information Technology. HP offers quality management services and financing alternatives, and other for customers business and consumer customers in the U. S. through HP Financial Services. It's dedicated sales council and sells its products and services directly to its customers through telephone and online www. Consolidated net income during any of the last three financial years for No single customer accounted for more than 1. HP's. Its organized sales and marketing efforts are around the needs customers who are allowing the company to develop and improve its products and marketing programs for definite customer groups is continuous feedback from its customers. Its topic to strong price competition with large branded companies, there are other branded and generic .
HP made on cost declines for customers in order to enhance customer value although it is increasing global market share is at the competitive pricing environment continual it think will be challenging, and continue to reduce its pricing as necessary in response to future competitive and economic conditions. HP's prove it direct business, as well as its strong liquidity position, liquidity position who strong make the company better positioned than its competitors and to continue profitable growth in any business climate. BACKGROUND OF THE HEWLETT- PACKARD COMPANY. In 1. 93. 5, William Hewlett and David Packard both graduated from Stanford University electrical engineering during a fellowship they had with a past professor. The company originated in a garage in nearby Palo Alto, during the Great Depression at Stanford Frederick Term in 1. Hewlett- Packard was considered a mentor to them in forming. The partnership was an investment of US$5.
Hewlett-Packard, commonly referred to as HP, was an information technology corporation based in Palo Alto, California, which was split into two companies: Hewlett.
Hewlett-Packard #38 on the Forbes World's Most Valuable Brands List. Register to view the rest of this essay Introduction of Hewlett-Packard Company. The Hewlett-Packard Company, which is a technology corporation in California. 14,172 Hewlett-Packard reviews. A free inside look at company reviews and salaries posted anonymously by employees.
Hewlett- Packard was originated in 1. William R. Hewlett and David Packard. In 1. 93. 9, the two men decided to formalize their partnership and founded the Hewlett Packard Company. They chose the company's name with the toss of a coin. Bill Hewlett won the call. His came first in the company name. That year the company had revenues of $5,3.
During 1. 94. 0, HP moved from the small rented garage to rented buildings in Palo Alto. The start of World War II in Europe resulted in a flood of orders by the United States' government for electronic instruments. The first year of their partnership, Bill Hewlett and Dave Packard developed their first product, an audio oscillator. It was named the HP Model 2.
A "because we thought the name would make us look like we'd been around for awhile," said Dave years later. It was an electronic test instrument used by sound engineers. The product's distinctive feature was a temperature- stabilized resistor in a critical segment of the circuit. The innovation enabled HP to sell the Model 2. A for $5. 4. 4. 0 against competitors which were selling less stable oscillators for more than $2. One of their first customers was Walt Disney Studios which purchased eight Model 2. B oscillators at $7.
Fantasyland stereophonic sound system for the movie Fantasia. In 1. 94. 3, HP entered the microwave field with signal generators developed for the Naval Research Laboratory. At the end of the war, the company decided strategically to continue in the microwave market. Microwave products quickly became an important and growing share of the company's business. Following the war, HP's catalogue featured 3. By 1. 94. 9, revenues exceed $2.
In 1. 95. 1, HP invented the high speed frequency counter that greatly reduced the time required to measure high frequencies. Radio stations used the counter to set frequencies accurately and in compliance with Federal Communications Commission (FCC) regulations for frequency stability. In 1. 95. 6, HP produced its first oscilloscopes, an instrument to show the variations in a fluctuating electrical quantity and a major part of the company's test and measurement products. That year Hewlett- Packard had 2. HP made its first acquisition in 1. F. L. Moseley Company of Pasadena.
It produced high quality graphic recorders and marked HP's entry into the business of plotters, a forerunner of its printer business. The following year, revenues hit $4. That year, HP created an employee stock purchase plan for its 2,3. At the end of the decade, the company established European marketing organization in Switzerland and a manufacturing plant in West Germany. From those bases, HP further expanded its size and scope of manufacturing and marketing operations in Europe. During the 1. 96.
HP continued its growth with new products and diversification. In 1. 96. 1, Hewlett Packard was listed on the New York Stock Exchange as well as on the Pacific stock exchange.
That same year, it acquired the Sanborn Company of Waltham, Massachusetts, makers of medical electronics, enabling the company to enter a new market. Two years later, HP entered the Asian market.
It formed its first joint venture, Yokogawa Hewlett- Packard (YHP) with Yokogawa Electric Works in Tokyo. By 1. 96. 3, overseas sales accounted for 1. HP's business. Its largest foreign markets were Western Europe, Canada and Japan. That same year, HP introduced the frequency synthesizer, one of the most complex instruments developed by the company. The synthesizer did the work of an entire battery of instruments and with greater accuracy. It was used for automated testing, advanced communications systems and communications with deep space vehicles. The following year, the company gained international recognition for its cesium- beam atomic clocks, designed to maintain accuracy of time for 3,0.
The cesium beam standard becomes the standard for international time. Atomic clocks became integral components of time critical applications such as space shuttle operations, airplane collision avoidance systems and telecommunications. In 1. 96. 5, the company entered the analytical instrumentation field with its acquisition of F& M Scientific Corporation of Avondale, Pennsylvania. The acquisition enables HP to expand further into chemical analysis with its measuring and testing expertise. Hewlett Packard's expertise in research and development advanced greatly in 1. At the inception of HP Labs, the primary areas of research included solid state physics, physical electronics, electronics, medical and chemical electronics instruments.
That year, HP's first computer was introduced.