Strategy - remote or industry environment.
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Individually, research three forces or trends from the remote or industry environment. For each force or trend selected, discuss the following in a 350-word synopsis:
(A) A detailed description of the force or trend, (Social, economic, and ecological)
(B) The relevance of the force or trend to your chosen organization (HP), and
(C) Your chosen organization's strategic adaptability for the force or trend. (Hewlett Packard)
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Solution Summary
Individually, research three forces or trends from the remote or industry environment
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The economic trend that will affect is the slowdown in the US market, accompanied by boom in new emerging markets across the world, such as India and China. The major market for HP product, ie, US, is experiencing slowdown and new market opportunities are available in developing countries or emerging markets like India and China, which are expected to become major superpowers in the near future and are being eyed by corporations from all over the world.
In order to capture this trend, global companies like HP are shifting their focus from traditional developed nations like US to these emerging markets are allocating more and more resources to take advantage of rapidly expanding market opportunities in these countries.
This trend is very much relevant to HP as well because US is the major market for its product and services and any slowdown in the US economy will badly hit the compay's revenues. Therefore, it needs to capture new market opportunities in fast growing markets like ...
Education
- BCom, SGTB Khalsa College, University of Delhi
- MBA, Rochester Institute of Technology
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