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.

The Others-Movie Review Essay Example

The Others The Others-Movie Review Paper The Others-Movie Review Paper Nurul Hazwani Bt Hatta M12L THE OTHERS Movie Review The Others is one of the psychological horror movies that impress me with its good story plot and suspense elements. It was written, directed and scored by Spanish director Alejandro Amenabar, starring Nicole Kidman and Christopher Eccleston. It is inspired partly by the 1898 novella The Turn of the Screw. Grace Stewart (Nicole Kidman) is a Catholic mother who lives with her two small children in a remote country house in the British Crown Dependency of Jersey, in the immediate aftermath of World War II. The war was playing vital role in being contributing factor that cause depression in Grace. The stress is the triggering element that cause phychology disorder in her. The children, Anne and Nicholas have an uncommon disease, xeroderma pigmentosa, characterized by photosensitivity, so their lives are structured around a series of complex rules designed to protect them from inadvertent exposure to sunlight. The new arrival of three servants at the house - an aging nanny and servant named Mrs. Bertha Mills ,an elderly gardener named Mr. Edmund Tuttle, and a young mute girl named Lydia - coincides with a number of odd events, and Grace begins to fear that they are not alone. Anne draws pictures of four people: a man, a woman, a boy called Victor, and an old woman, all of whom she says she has seen in the house. A piano is heard from inside a locked room when no one is inside. Grace finds and examines a book of the dead, which shows mourning portraits taken in the 19th century of recently deceased corpses. I was so shocked when the doors which Grace believes to have been closed are found mysteriously ajar. Grace tries hunting down the intruders with a shotgun but cannot find them. She scolds her daughter for believing in ghosts - until she hears them herself. Eventually, convincing herself that something unholy is in the house, she runs out in the fog to get the local priest to bless the house. Meanwhile, the servants, led by Mrs. Mills, are clearly up to something of their own. The gardener buries a headstone under autumn leaves, and Mrs. Mills listens faithfully to Annes allegations against her mother. Outside, Grace loses herself in the heavy fog, but she miraculously discovers her husband Charles who she thought had been killed in the war, and brings him back to the house. Charles is distant during the one day he spends in the house, and Mrs. Mills is heard telling Mr. Tuttle, I do not think he knows where he is. Grace later sees an old woman dressed up like her daughter. Grace says, You are not my daughter! and attacks her. However, she finds that she has actually attacked her daughter instead. Anne refuses to be near her mother afterward, while Grace swears she saw the old woman. Mrs. Mills tells Anne that she too has seen the people, but they cannot yet tell the mother because Grace will not accept what she is not ready for. Charles is stunned when Anne tells him the things her mother did to her. He says he must leave for the front and disappears again. After Charles leaves, Anne continues to see things, including Victors whole family and the old woman. Grace breaks down to Mrs. Mills, who claims that sometimes the world of the dead gets mixed up with the world of the living. At last, I know that actually, it is Grace’s family who is dead, not the intruders. The intruders are the living people who bought the house after the death of Grace’s family. Grace and her children cannot accept the fact that they are dead. Grace may have some mental illness when she killed her children with pillow and then kill herself with a rifle. She was suffering from stress as she was feeling isolated and lonely as her husband didn’t come back from war. I love the suspense element and the twisting plot story. At first, I thought that the intruders are the bad guy, but actually Grace’s family is the one that possess the house and reluctant to leave their mansion even when they are dead. From this story,I learn that it is important to control our emotion and be patient in facing any difficulties in our life to lead a healthy and happy life.