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Hewlett-Packard is one of the best known and respected US technology companies.
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In the latest years, HP has witnessed many radical changes, such as the well-publicized Carleton S. Fiorina dramatic tenure, her departure, and the recent board problems.
Our focus, though, is the turnaround taking place after Mr. Mark V Hurd was appointed as A CEO of HP and replaced Ms. Fiorina.
Required:
What are some of the main initiatives (related to Organizing) that CEO Hurd has implemented in order to turn HP around?
Articles for required readings:
Burrows, P. (2005). HP Says Goodbye to Drama. Business Week, New York, September 12, 2005, Issue 3950, Page 83-86
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Introduction
Hewlett-Packard (HP) is one of the largest technology companies that operate its business in more than 170 countries around the globe. The main objective of the business is to explore the technologies and services that can help people and companies to solve the problems and face the challenges. It helps the customers by applying new thinking and ideas in order to create and develop more simple and trusted experience with continuous improvement in their life and work (Hewlett-Packard Development Company, 2010). It offers a complete technology portfolio through wide range of products and services to the customers that establish a competitive advantage for it.
Changes in Hewlett-Packard
In the past few years HP has witnessed for several radical changes within the organization such as dramatic tenure of former CEO Carleton S. Fiorina, her departure and board problems. Departure of Florina caused a decrease in the stock price of HP due to possibility of change in course. The probability of the breakup of the company is increasing because of the successive takeovers made by Florina (Can Anyone Save HP, 2005). It is because the management of HP was trying to capture a large market share to compete in every industry through technology beyond the capacity of its resources and management skills.
The strategies of Florina were quite effective for the business as it has reduced overall cost of the business. She followed aggressive strategies as she made acquisition of half dozen of small software companies in the period of 18 months. The …
