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Internal Risk Management

In: Business and Management

Submitted By mariarooslet
Words 1115
Pages 5
Hewlett-Packard Company Internal Risk Assessment
Founded on January 1, 1939, the Hewlett-Packard Company was created by Bill Hewlett and Dave Packard. The management technique used was personal involvement by management, walking around, having good listening skills, and realizing that everyone in the company wants to do a good job was the key. Both managers ran the company with a principle called management by objective, which is clearly communicating the general objectives and giving employees ample room to work the goals of the company to the individual’s best ability. The employee’s personal expertise would make the employees responsible enough to achieve the company’s goals.
The company’s strengths and weaknesses in marketing, human resources, management, research and development, and finance have an enormous impact on the welfare and profitability of it. According to Hosford, C. (2010), “by optimizing all of the tools available, from digital marketing to telemarketing and direct mail” (para. 4) is a marketing strength for the company. The focus is how Hewlett-Packard customers want to be accessed and notified. By implementing telemarketing more customers were reached. Market leadership is obtained by the company by creating and dispenses practical and new products, services, and resolutions. Therefore, innovation in market strategies the firm will achieve growth and profits.
The human resources used by the company according to Hewlett-Packard (2011), commitment to employees “by promoting and rewarding based on performance and by creating a work environment that reflects our values.” The strength in the commitment to the employees and developing leaders who can achieve the goals and maintain the values of the company are results that the company looks for. Though problems in management have occurred as stated by Lohr, S. (2002), “allegations that

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