The super trends driving H-P to change
The primary super trend that is driving H-P to
growth is needed for technological advancement and innovation. In 2011, the
revenue of H-P was on peak. With time, this revenue starts falling. In 2014,
there are two consecutive two-quarters of the growth of H-P. Later, the chain
of ups and downs remained to continue. H-P was also cutting off its employees
for financial reasons. According to H-P, they will use this cost on the
development of and technological advancement.
According to an estimation of H-P, almost 1$
billion jobs were saved by the company, and it was decided that the saved money
will be used for the betterment of the company. These elements are regarded as
the super trends that are being adopted by the H-P company. Besides, moralities
and ethics are also being revised on behalf of the company. Although there are
fewer employments, customer satisfaction is on the priority list of the
company.
The policies and strategies of the company are
working better for profit maximization and a competitive edge in the business
market. Cost reduction and budget allocation on logical grounds are some of the
super trends followed by the H-P company. Subsequent rise and fall of the company
have made it more experienced in business and financial matters. It has created
a lot of opportunities for the company to groom and learn in the future
The forces for change causing H-P to undertake major organizational change
There is more than one factor that is causing
H-P to undertake significant changes. Decreasing the number of employees and
increasing the cost of improvement in the company is one factor. In the range
of cutting off 36,000 employees, there are almost 50,000 employees that are cut off
from the company. This is a significant ratio and can directly impact the
internal structure of the company.
Moreover, the reduction in the number of
employees can also affect their morale negatively and can create a turnover.
Besides, an increase or decrease in the financial resources of any company has
a direct effect on its internal structure. It depends on the management of a whole
organization, whether they handle the company firmly or not. So economic or
social factor is the most significant factor of change in any company or
organization. Forces for change sometimes include political or social elements
also, but all these things are subsidiary elements.
.Sometimes, change in climate or environment also
works as forces for change at any workplace. Nonetheless, forces for change
depends on a lot of things, according to the criteria
H-P following the four steps for fostering innovation
To follow the four steps of innovation, H-P is
making inventory and logical measures. In the first step, H-P is searching for
innovative ideas. These concepts or ideas include the internal and external
stakeholders of the H-P company. Inventory ideas and their expression is the
first milestone in the success story of any organization. In the second step,
the assessment of innovative ideas, the H-P company takes smart and attractive
measures. In the third step, there is the phase of the
development of innovative
information.
Lastly, there is the step of the implementation
of innovative information. In the fostering of innovation, the H-P company is
following all these four steps of innovation. H-P company cut off its number
of employees and reduced the costs for financial budgets. This step is taken to
implement technological measures and advancement in the H-P company. Besides,
there are many other areas of improvement also that play a role in the innovation
of the company.
From the innovation of an idea to its innovation,
each step is crucial and vital for the H-P company. Innovation itself is a big
topic to discuss, especially when it comes to technological innovation in any
sector, company, or organization. An overview of the efforts of the H-P
company, it can be said that the company is doing very well in making a change
in the organization.
