HP Development Company, LP Overview
Company Headquarters: US
Founded: 1939
Workforce: ~55,000
Company Working: HP Development Company, LP (HP) is a provider of personal computing and other access devices and imaging and printing products, solutions, and services. It operates through three business segments—personal systems, printing, and corporate investments. Under its personal systems segment, the company provides commercial personal computers (PCs), consumer PCs, workstations, commercial tablets and mobility devices, retail point of sale (POS) systems, displays, and other related accessories, software, and support and services for commercial and consumer markets. HP’s printing segment includes media, consumer, and commercial printer hardware, software, and services, and scanning devices. It also provides imaging solutions for commercial markets. The corporate investments segment includes HP Labs and other business incubation projects. HP Labs, with its various research and development groups, is responsible for the company’s research and development activities. Geographically, the company has divided its operations into two regions—the US and the rest of the world.
Strategy
HP primarily follows an organic growth approach that focuses on technological innovation, which is critical for maintaining its position in the global PC as a service market. It emphasizes upgrading its existing portfolio of products and services in its personal segment to meet the demands of a continually changing technological landscape. The company aims at fulfilling customer needs by emphasizing innovation and long terms investments in its copier-printers, 3D printing, managed print services, and PC as a service business by offering unique products and services.
