More commonly known as a SWOT analysis, this process helps a business spot potential avenues for revenue, stave off declining revenue and build on its unique value for a healthier company.
Not all of them have proved profitable.
Apart from it, HP has depended heavily on PC and printer sales for revenue. So, the decline in their sales is bound to hit HP hard. Recently, it merged with Computer Sciences Corp.
Also, HP had to lay off a large number of workers because of the falling sales and revenue. Expand its range of smartphones and tablets Diversification The cloud computing market is growing rapidly.
HP is financially strong and could benefit from these trends. It recently introduced its Elite X3 which comes equipped with various business and productivity features. Apart from it, the company can gain by diversifying into newer areas. Moreover, diversification can help the brand reduce its dependency on PC and printer sales.
While the cloud industry showed a fast rise, the demand for laptops and printers slowed. This was a major blow for the technology giant.
These are its traditional strongholds. The growth of mobile technology can also be an opportunity.
HP could focus on this area to gain from increasing tablet and smartphone sales globally. It can use its brand image in this area to drive up sales. Instead of depending upon its existing strengths, HP could diversify into new areas to grow its business and revenue.
Strengths and weaknesses are internal factors and opportunities and threats external. Companies conduct a SWOT before they embark on a new strategy or before they make an important business move like investing in a new project.What SWOT Analysis is in simple words.
What is SWOT Analysis?
This analysis is used to list down favorable and unfavorable factors that go against a particular situation. SWOT analyzes Strengths, Weaknesses, Opportunities and Threats that are associated with a situation by considering all the internal and external aspects of the business and market.
What is a SWOT Analysis? It is a way of evaluating the strengths, weaknesses, opportunities, and threats that affect something.
See WikiWealth's SWOT tutorial for help. The book titled "Blue Ocean Strategy" is not helpful to management – don't buy it and if you already have it dump it. TRU Group Inc - Strategic Planning Consultants White Paper - Download.
Hewlett-Packard SWOT Analysis Strengths Hewlett-Packard is a global technology company and after its merger with Compaq it became world 's biggest computer hardware and peripherals company in the world, ranking 20 in the Fortune list.
Published: Mon, 5 Dec Firstly what a company need to do is to check for few things that is for example competitor analysis, self-evaluation and situation analysis. HP SWOT Analysis Hewlett Packard is a provider of products, technologies, software, and services to consumers including individuals, small and large businesses, large enterprises and the government.
Year meant the end of the old and the beginning of a new era for HP.