Introduction:
In the year 1939, HP was founded by Dave Packard and William Bill Hewlett
The company was started in a garage in Palo Alto
It was started with a capital investment of US$538
The company now produces more than 10,000 different products ranging from the electronic devices to the computer systems.
HP's Path to Glory:
In 1943, HP entered microwave field
In 1956, HP invented its first oscilloscope
In 1957, the company went public, with the initial public offering
In 1959 HP goes global
In the 1960, HP started producing semiconductor devices
In 1961 HP entered the medical field
In 1974, HP introduced the first programmable pocket calculator of world
In 1980, HP manufactured the first PC which was named HP-85
In 1993, HP introduced Omni book 300
In 2002, HP and Compaq merged changing the symbol to HPQ
In 2007 HP became the first technology company for exceeding $100 billion sales
In 2011, HP launched its first tablet- HP TouchPad
In 2013, HP introduced the revolutionary HP data protector
In 2019, HP has been positioned 80 in global 2000 list
Vision:
“Our vision is to create technology that helps to make the life better for everyone, everywhere, every community, every person, every organization, around the globe.” This motivates and inspires in doing what we do. We aim to make what we make. To invent and then to reinvent.
Mission:
“We earn customer respect and loyalty by providing the highest value and quality.”
Core Values:
The HP core values have growth, customer loyalty, commitment to employees, and market leadership.
HP’s Three Pillars Of Success:
Growth
Core
Future
Innovative Products by HP:
Walt Disney chose the HP model 200B in 1938
The HP 5100A frequency synthesizer was used by NASA in 1963
HP 5060A the flying atomic clock was manufactured in 1964
HP introduced the first plug-and-play computer in 1966
HP 9100A became the first personal computer in 1968
HP introduced first Smartwatch in 1977
HP introduced first all-in-one PC in 1980
Monochrome leaves desktop printer behind in 1991
CSR Activities:
In 2007 it announced that it had achieved its objective of recycling one billion pounds of electronics products, ink cartridges, and toner.
HP is focused on the creation of good opportunities for the employment.
It is helping the education system with the help of digital tools.
Bridging the gap in terms of the usage of digital technology in the supply chain and its system.
Supply Chain Sustainability Goals:
By the year 2020, HP aims for achieving deforestation in connection with the HP brand paper
The company even announced two of the supply chain sustainability goals:
Developing the skills and improving the condition of 500,000 factory workers by the year 2025.
Doubling participation of the factory in the area of supply chain sustainability programs.
Where HP Stands Today:
HP stands as one of the future sustainable brands. The organization is in the mode of innovation and transformation of the printing industry. As per the recent news, HPE has reported a revenue of $6.95 billion. The company cited that its supply chain has been badly hit by the outbreak of coronavirus in China.
Innovation helps in the right success for any organization, and as HP’s vision statement conveys invent and reinvent which means that you should not keep yourself limited and keep growing with new innovations.
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