Hp External Analysis free essay sample

Hewlett Packard External Environment Analysis Hewlett Packard External Environment Analysis In today’s constantly evolving business world, it is essential for organizations to fully master and incorporate strategic management theory into decision making processes. As the world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services, and IT infrastructure to solve customer problems (Hewlett Packard, 2010). HP is well positioned to outperform the market. The strength of HP’s portfolio is leaner cost structure and accelerating market momentum that gives the confidence to raise the full year outlook (Hurd, 2010)†. One of the most important aspects of Hewlett Packard’s strategy building is an analysis of the external business environment that they operate in. As pointed out in the text Strategic Management. Concepts and Cases Competitiveness and Globalization, â€Å"The firm’s understanding of the external environment is matched with knowledge about its internal environment to form its vision, to develop its mission, and to identify and implement actions that result in strategic competitiveness and above-average returns. We will write a custom essay sample on Hp External Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page (Hitt, Ireland, and Hoskisson, 2009) In this paper, there will be an analysis of Hewlett Packard’s external business environment and its impact on the firm’s strategic business continuity plan, including examination of the three components of the external environment, the general environment, the industry environment, and the competitor environment. External Environmental Analysis Before analyzing Hewlett Packard’s external influences, it is important to highlight the specific processes in an external environmental analysis. This analysis is performed so that firms can correctly identify potential opportunities and threats in their external environment, and involves continually scanning, monitoring, forecasting, and assessing segments of the general environment. Scanning is the process of studying each segment of the general environment to identify upcoming or ongoing changes that can impact the firm. Monitoring refers to observing the changes identified in the scanning process to determine if a particular trend can be singled out which would have significant consequences for the firm. Trend identification is an important aspect of monitoring, as well as recognizing the trend’s effect on the firm’s stakeholders. Forecasting takes the changes and trends that scanning and monitoring produced, and attempts to formulate useful predictions based on those changes and trends. One important factor in forecasting is identifying the time frame and rate of change for trends, so that the firm does not miss an opportunity or get caught off guard by a threat. The final step in external environmental analysis is assessing. The objective of assessing is to determine the timing and significance of the effects of environmental changes and trends on the strategic management of the firm. † (Hitt, Ireland, and Hoskisson, 2009) The prime focus of assessing is determining the impact of forecasted trends on strategic direction of the firm. Assessing decides if an opportunity or threat requires a change in plans, or the firm to take a new direction. General Environment The first component of the external environment is the general environment. â€Å"The general environment is composed of dimensions in the broader society that influence an industry and the firms within it. (Hitt, Ireland, and Hoskisson, 2009) These dimensions of broader society are further classified into six categories. The six categories of the general environment are demographic, economic, political and legal, socio-cultural, technological, and global. A large, global firm like Hewlett-Packard will find opportunities and threats in each aspect of the general environment. The demographic category of the general environment includes factors such as population size, age structure, ethnic mix, income distribution, and geographic distribution. Hewlett-Packard’s market position as the world’s largest technology company requires careful consideration of demographic factors. Hewlett-Packard’s strategic continuity is impacted by this factor because it must identify markets with the correct demographic to provide an opportunity to sell its computer products. Markets with an unfavorable income distribution or an older age structure may need to be avoided until more favorable conditions arise. The economic category of the general environment includes factors such as interest rates, gross domestic product, and business savings rates. Hewlett-Packard’s continuity strategy is impacted by economic factors in a similar fashion as it is impacted by demographics. Markets located in a strong economy represent opportunities for the firm. Additionally, developing economies may provide lower interest rates, or favorable business savings rates. Economies in decline can represent a threat to Hewlett-Packard, as expensive computer purchases may not be a consumer’s focus. The political and legal category of the general environment includes factors such as antitrust laws, taxation laws, and labor laws. Hewlett-Packard can face huge opportunities and threats with changes and trends in legislation. Hewlett-Packard produces a wide range of computer products, and if it is challenged by an antitrust law, it could face a very large threat. However, favorable changes in tax law can represent just as large an opportunity for the firm to save money. The socio-cultural category of the general environment includes factors such as workforce diversity, shifts in work and career preferences, and shifts in product and service preferences. Hewlett-Packard’s business continuity is very concerned with monitoring and planning for preference trends in the computer technology industry. Proper assessment and integration of a new product preference can represent an important opportunity, while missing this preference could end up a threat. The technological category of the general environment includes factors such as product innovations, new communications technologies, and government supported research and development expenditures. Obviously this category caries great significance for a computer based firm like Hewlett-Packard. Product innovations can represent an opportunity for strategic continuity if Hewlett-Packard can incorporate them, a threat to strategic continuity if they cannot. New communications technologies can be utilized to assist in streamlining operations, and represent an opportunity to lower long term costs. The final category of the general environment is global. The global category includes factors such as critical global markets, new industrialized countries, and cultural and institutional attributes. Hewlett-Packard is a global firm, and changes or trends in the global markets must be planned for to ensure strategic continuity.

Free Essays on History Of Christianity

Christianity is very practical. It is not a dead, dry, formal, human religion of rituals, outward form, and show, but a divine, living, vital, dynamic, liberating religion. The word Christian means, "Christ like", or "One follows Christ". Jesus Christ, who laid the foundation of Christian Church, was born in BC 4 in Judea. He is the foundation of the Church (1 Cori. 3:10,11). He started preaching about the Kingdom of God when he was thirty. His activities roused the opposition of the Jewish high priests who accused him of blasphemy. He was crucified under the orders of Pontius Pilate, the Roman Governor. After three days, Christ was resurrected from the dead. With the Resurrection of Christ, his disciples took heart and went about preaching the Kingdom of God to all the people of the world. Christianity spread throughout the Roman Empire where it was made the state religion in the 4th century AD. Later, the Church split into two broad groups - the Western Church under the Pope in Rome and the Eastern Churches under the Patriarchies of Antioch, Alexandria and Constantinople. Still later, further disruptions took place. The Roman Catholic Church was broken up by Protestantism, while in the Eastern Churches, many communities like the Armenians, Ethiopians, Russians and Italians set up their own Patriarchies. The New Testament of the Bible originally was written in Greek language. The English word Church is translated from the original Greek word 'EKKLESIA', which means 'CALLED OUT ONES' - from EK (out), and KLESIA (called). Churches referred to the household (or family) of God (Eph. 2:19-21), and spiritual building that grows into the holy temple, to which Church shall come at his return to this earth as King of kings, ruling all nations of the earth. The Church was founded, not as an institution of Authority to force the name and teaching of Christ upon the world, but only as a witness-bearing institution to Christ, to hold Him befor... Free Essays on History Of Christianity Free Essays on History Of Christianity Christianity is very practical. It is not a dead, dry, formal, human religion of rituals, outward form, and show, but a divine, living, vital, dynamic, liberating religion. The word Christian means, "Christ like", or "One follows Christ". Jesus Christ, who laid the foundation of Christian Church, was born in BC 4 in Judea. He is the foundation of the Church (1 Cori. 3:10,11). He started preaching about the Kingdom of God when he was thirty. His activities roused the opposition of the Jewish high priests who accused him of blasphemy. He was crucified under the orders of Pontius Pilate, the Roman Governor. After three days, Christ was resurrected from the dead. With the Resurrection of Christ, his disciples took heart and went about preaching the Kingdom of God to all the people of the world. Christianity spread throughout the Roman Empire where it was made the state religion in the 4th century AD. Later, the Church split into two broad groups - the Western Church under the Pope in Rome and the Eastern Churches under the Patriarchies of Antioch, Alexandria and Constantinople. Still later, further disruptions took place. The Roman Catholic Church was broken up by Protestantism, while in the Eastern Churches, many communities like the Armenians, Ethiopians, Russians and Italians set up their own Patriarchies. The New Testament of the Bible originally was written in Greek language. The English word Church is translated from the original Greek word 'EKKLESIA', which means 'CALLED OUT ONES' - from EK (out), and KLESIA (called). Churches referred to the household (or family) of God (Eph. 2:19-21), and spiritual building that grows into the holy temple, to which Church shall come at his return to this earth as King of kings, ruling all nations of the earth. The Church was founded, not as an institution of Authority to force the name and teaching of Christ upon the world, but only as a witness-bearing institution to Christ, to hold Him befor...

Did state expansion incur diminishing returns (Lane) or exploit Essay

Did state expansion incur diminishing returns (Lane) or exploit economies of scale - Essay Example It has been argued that the emergence of nation state was basically an attempt to achieve the required level of economic growth. It is therefore generally believed that the consistent increase in the growth of economies of Europe was mostly a direct result of the emergence of nation state due to which different institutional changes took place. It is therefore generally believed that the economic growth of the Europe is mainly due to this notion of Nation State. What is also however, significant to note that economic theory often ignored the use of violence and organized crime and war to achieve the objectives of economic growth? According to Lane (1954) the use of violence created economies of scale against those enterprises which were using the same violent techniques or were engaged in achieving so called territorial monopoly. It is therefore important to discuss as to whether the expansion of State in new territories is essential for the exploitation of economies of scales or it actually result into diminishing returns. This paper will therefore discuss this notion and will present a well balanced argument as to whether the State expansion actually results into achieving the economies of scale or not. It has been argued that the closer connection between the war and the development of nation state started to emerge during the 15th century. This was the period in European history when most of the countries witnessed centralization of the political structures within their countries. Different countries have started to develop centralized governments and the overall concept of nation building started to emerge. What is also important to note that with the development of the centralized power structures within the societies, the overall political power of the central authorities increased too and with that power came the more power to control the economic lives of the citizens of the state also? Much of this