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The Contributions Of Bill Hewlett And Dave Packard

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Bill Hewlett and Dave Packard; who became friends in and graduates of Stanford University founded Hewlett-Packard. This corporation started in a nearby garage with the help of Frederick Terman, a past professor at Stanford. With a capital investment of $538 they was able to start Hewlett-Packard. On August 18, 1947 HP incorporated was formed; ten years later they went public. Their first successful product was a precision audio oscillator that was designed to produce and maintain telephones, radios etc. It was made to generate as one pure tone or frequency at a time. As stated by Bill “the HP Way is a core ideology… which includes a deep respect for the individual, a dedication to affordable quality and reliability, a commitment to …show more content…

For a company that has a hard time keeping with the rapid growing technology they are doing pretty well. They are maintaining sales a bit over $100 billion. As of May 2014 their market capital was rounded at $63 billion. Hewlett- Packard is known for their differentiated product portfolio. They have different investments set up within the corporation in order to limit losses in the market. They offer a wide range of technology, products and services that many other companies do not and cannot offer. Since HP is so much more diverse they are less receptive to changes in the different industries and markets and are less worried about their competitors. Within the HP Corporation they have seven business segments such as Personal Systems, Printing, Enterprise Group, Enterprise Services, Software, HP Financial Services and Corporate Investments. They want HP to be seen as the company that provides an interactive, inviting and unified experience. They continually invest in improving the experience in highly competitive industry. Corporation’s major mergers allowed it to increase the competitiveness and create value for both investors and customers. Which is a great Strategic Achievements for HP. Allowing them to bargain and gain valuable assets in order to stay on top and still be apart of their competitors competition. One of the major mergers was Fortify; for targeting the security

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