Article Options
Data Central
Official news from HP

The Foundation of Our Turnaround

Michael_Thacker| January 4, 2013
Post a Comment
0

Meg Whitman has called 2013 a "Fix and Rebuild" year for HP due to the worsening macroeconomic environment and company-wide capital allocation discipline. But as Meg and her executive team strategically prepare for accelerated growth in the near future, we haven't forgotten that HP maintains leading share positions in all of its priority business areas.

 

Financial Performance.JPGFor instance, the Enterprise Group is a $32 billion business with the potential for fast growth and margin expansion over time. Excellent assets, experienced leadership and top R&D and engineering capabilities are all reasons for optimism. With an eye towards cloud leadership and increased innovation in the software-defined world, the Enterprise Group is just one of HP's many bright spots for today and tomorrow.

 

Across the portfolio, the executive team has created road maps to optimize the Printing and Personal Systems, Enterprise Services and Software businesses. Although these three business units generated a combined $91 billion in revenue in the last full fiscal year, leadership has implemented tactical plans to produce steady across-the-board growth.

 

But what are the ingredients for achieving growth and operational excellence? According to Meg, the following elements will help lead the pan-HP turnaround:

 

  1. Focus- Identify key products, services and geographies.
  2. Go to Market- Leverage world-class partnerships, customer connections, sales force effectiveness and reignite consistent sales models in key geographies like China.
  3. Cost Leverage- Leanness through IT and business process optimization, supply chain effectiveness and platform rationalization quality.
  4. Operations- Utilize the benefits of new metrics-focused operating model; accountability and compensation linked, centralized marketing and communications, and an improved cash conversion cycle that includes inventory management.
  5. Culture- Maintaining the right people, direction and transparency.

As the turnaround continues, HP is confident that its diversified business portfolios and unmatched economies of scale will lead the way.

Leave a Comment

We encourage you to share your comments on this post. Comments are moderated and will be reviewed
and posted as promptly as possible during regular business hours

To ensure your comment is published, be sure to follow the community guidelines.
Be sure to enter a unique name. You can't reuse a name that's already in use.
Be sure to enter a unique email address. You can't reuse an email address that's already in use.
Type the characters you see in the picture above.Type the words you hear.
 
Search
turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
About the Author

About Channel HP Subscribe

Connect with technologists and business leaders from across HP and around the world. Channel HP brings you blogs about a variety of subjects, written by the people at HP. Please read our community guidelines here and legal information here.

Follow Us
Guidelines

Data Central is the official HP corporate blog, brought to you by the corporate communications team in Palo Alto. Before commenting, please read our community guidelines. For more news and press contacts, visit the HP newsroom. Note: all times GMT

Blogroll