What was Fiorina’s leadership style? Was she the right choice for HP? No matter which leadership theory it is to apply, Fiorina’s leadership style in HP was relatively clear-cut: a task-oriented, autocratic, transactional leadership style, whichever way it is named. This leadership style can be reflected from her first moves after joining HP. Firstly, she required the marketing department to launch a re-branding advertising campaign in 6 weeks, which, considered the size and the circumstances, was quite a high requirement. Secondly, she set a growth target of 20% to be met in 2002 and started to initiate rapid organizational changes. The changes included consolidating power, as well as attempting to clearly define the roles …show more content…
This resulted in low morale and the loss of many experienced, high-ranking executives to HP’s rivals. However, though Fiorina’s tenure was not a perfect one, board members of HP insisted Fiorina was correct in her vision and strategic plan for HP. Reviewing the company figures, although Fiorina did not meet her own financial target, and the market share of the most lucrative printer business has decreased, HP has obtained larger market share of personal computers (from 7.7% to 15%) and servers ( from 14% to 31.7%) from 1999 to 2004. Therefore, it may be concluded that although Fiorina is not as perfect for HP as she was expected to be, she did not make it worse off. It only depend on how the standard of the ‘right choice’ is set. 3. What were the major problems/ issues facing HP’s business at that time? By the late 1990s, HP’s business was facing major problems which are reflected in its financial results. Despite a 9.71% increase in total net revenue, HP faced declining net earnings of 6% from 1997 to 1998. The company had also experienced a slow and decreasing growth in revenue in comparison to its main competitors. From 1996 to 1998, HP’s annual revenue growth decreased from 21.89% to 9.71%, while one of its main rivals, Dell, was able to maintain an over-40% revenue growth in each year within the same period. Moreover, HP’s failure to satisfy customer needs and catch
Colleen Barrett is one of the most influential women in the world of business and her efforts have paved the way for future female executives. According to Dierendonck and Patterson (2010), “For five years in a row, SWA is the only airline to win the Triple Crown, ranked first in most on-time flights, least lost baggage, and fewest Customer complaints”(p 135). Colleen Barrett is a rare example of a leader that rose from the ranks of an organization to the highest position of the company while never receiving a formal education in business management (Southwest Airlines ' Colleen Barrett on 'Servant Leadership, 2008). Her greatest achievement while at SWA was completely changing the leadership style and atmosphere of the organization. According to Dierendonck and Patterson (2010), her remodeling of the organization has kept SWA the leader in their industry by “setting and achieving incredible records of performance”(p 135). Leaders at SWA still practice her servant leadership style of managing employees even after she left the organization (Dierendonck & Patterson, 2010). Before a leader can achieve greatness they have to overcome challenges in their career fields.
HPPD is 4.8, which means I have lower patient care hour. Therefore, it is below budgeted HPPD of 5.4; I plan to reduce staff hours and adjust accordingly with the number of admissions and discharges.
Hartley Electronics Ltd is a well-established company that has been trading since 1977. It has a good technical, financial and marketing section, but its human resources have been neglected, which has led to some problems within the company.
Hewlett Packard (HP) decided to produce 1.3-inch disk drives to become the market leader in a new market and increase HP’s revenue. Although the market for 1.3-inch disk drives was still unclear and still developing, HP decided to organize a special team to develop this new product. This group was multi-talented, with the best engineers from every department in the company. The group also had many priorities for the company. However, things didn’t develop as the Kittyhawk team expected. They failed to sell the new product to the customer they planned. Even though some new customers were interested in this
HMM will capitalize on the growing entertainment market around the globe through the production and promotion of high quality entertainment. Located in Los Angeles, California, the company will become highly profitable through the sale of pre-recorded music products, in addition to revenues generated from ancillary profit centers. HMM will own and control the masters (master copies), copyrights and licenses of its product, which will enable HMM to create immediate revenue streams while growing its music catalog into a multi-million dollar asset.
Changing Market Conditions In the early 1990's, while technological innovation continued to drive the company's success, many business units were being forced to compete on other dimensions. In consumer product lines, low prices, broad availability and ease of use had become competitive requirements. Lew Platt, HP's current President and Chief Executive Officer, once acknowledged the importance of improving customer service and responsiveness, We're not doing as good a job in order fulfillment as we need to. In fact, it's where we get our lowest marks from customers. We have to be a lot easier to do business with. Improvement in order fulfillment will strengthen HP's competitiveness, increase customer satisfaction and reduce expenses, so this is an
It would appear that HP made the right decision by bringing on Mark Hurd as its new Chief Executive Officer. He was brought in to correct a lot of the management deficiencies that Carly Fiorina left behind. Mark Hurd brought with him a focus on execution and he began working from the bottom up. I think that his method was needed at that time because it works well when dealing with a vertical management structure. All levels must feel important and involved in making the company successful. Although Mark Hurd maybe the face of the company, he is not the only person that keeps it going. As a good leader does, he kept what worked. In this case it was keeping the overall strategy that Carly Fiorina had in place but he provided specific visionary purposes. He had to restructure divisions and ultimately lay off over 14,000 employees to maintain the company’s budget goals. In the long run, Mark Hurd made the difficult decisions that needed to be made to bring the company back on track. His actions earned the trust of his employees and therefore I would conclude that he boosted the overall morale of his employees.
2. What do you think of the way the team set out to find a market for the Kittyhawk? What correct turns and what wrong turns did they make?
Since the layoffs began, HP has been taking some heat by the media, public, and even its own counterparts on the handling of the cuts. As the company splits into two companies, the company is struggling to keep the turnaround at bay, the media and some internal employees are calling the layoffs a "bloodbath".
In contrast, HP has a very valuable printer business that Dell does not have in their PC maker. The reason that printers are so profitable is because demand of ink and other necessities. In the PC market HP could not afford to Dell's price margin as they need to spend on their marketing and physical supplies.
An effective leader influences their employees in a desired manner to achieve goals and objectives. Different leadership styles can affect an organization’s effectiveness and performance. The objective of this paper is to analyze the review of literature on various leadership styles over the past years and how effective and ineffective different leadership styles are in the workplace.
Patricia Dunn as the board chairman, made a decision that the board had to meet several times in a year, culminate in multi-day, off-site retreat that were held in January where the board was required to have review of the coming year plans and strategies. However, recently, the board had faced various issues related to turnover and turmoil. Some of the actions undertaken by the boards were to organize and assist the new technology committee to make some of the best recommendations towards the board’s scope, direction, quality, execution of HP strategies and investment levels.
Page eight of the case begins to outline some of the challenges that the HP-Cisco alliance had already faced concerning the sale of joint products. For example, we learn that at HP, Cisco products did not count towards a sales representative’s quota and this resulted in a decline in sales of Cisco equipment by HP sales representatives. Further, if HP or Cisco sales staff had to master not only their parent company product line,
Ricoh’s brand was an international leader in the digital imaging and document management industry. Ricoh Canada Inc. is a wholly owned subsidiary of Ricoh Americas Corporation with a head office in Toronto and headquartered office in Japan. The primary source of Ricoh’s revenue – delivery and maintenance of printing and copying devices to different customer segments. As of 2012 CEO of Ricoh admitted that the technological advancement disrupted RCI legacy business and thus create a lot of issues to the company. The primary issue that Ricoh has been facing is inability to prepare and develop company to future forecasts that has been made towards the changes in the industry that leaded the company to unsuccessful reaction of quick establishment of the environment where company could grow along with customer’s trends in their demands. This report shows full identification and analysis of primary issue, provides
Breaking up is a hard thing to do; whether it is with a girlfriend or another company, the process is hurt a headache waiting to happen. However, due to hard times and demanding environments, business are choosing to “de-merge” to make a play on major change. Hewlett-Packard is a business that is quite familiar with these hard times. Not to say that they’ve been struggling with selling their product, but keeping up with the times is something that H-P has not done the best of. At one time, Hewlett-Packard was leading the world in PC manufacturing for five straight years (Gartner, 2014). Why, after so much success in year’s past, did HP decide that is was time for major change? Well, they figured that, by splitting HP into two separate companies, they would be giving each respective company its best chance of thriving. Now, instead of being Hewlett-Packard, the two companies are: HP Inc. and Hewlett-Packard Enterprise. Development and distributions of hardware for computers and printers is now the forte of HP Inc., while HP Enterprise will sell commercial computer systems, software, and tech services. CEO of HP, Meg Whitman stated, “Today, I’m more convinced than ever that this separation will create two compelling companies well positioned to win in the marketplace and to drive value for our stockholders, (Vanian, 2015). I believe that Whitman is right by saying this because by separating HP into two companies, this allows financial and human resources to be allocated to