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What are Mission Vision & Core Values of HP Company?
Mission and vision statements are crucial for any business, defining its purpose and aspirations. They guide decisions, build corporate identity, and align stakeholders. HP Inc., a global technology leader with a fiscal year 2024 net revenue of $53.7 billion, operates in a dynamic industry.
Their mission, vision, and core values are vital, shaping product development and market strategies. These principles enable them to adapt to evolving demands and technological advancements, as seen in their HP BCG Matrix.
Key Takeaways
- HP's mission focuses on creating technology to improve lives globally, supported by a vision of constant reinvention.
- Core values include customer loyalty, profitability, growth, market leadership, employee commitment, and global citizenship.
- These principles drive HP's investments in AI, sustainability goals (net-zero by 2040), and digital inclusion efforts.
- In fiscal year 2024, HP achieved $53.7 billion in net revenue, demonstrating a balance between financial performance and social responsibility.
Mission: What is HP Mission Statement?
HP's mission is 'to create technology that empowers people and enriches their lives.'
HP's mission statement, 'We create technology that makes life better for everyone, everywhere. Our mission is to engineer experiences that amaze,' emphasizes a broad commitment to societal improvement through innovation. This mission targets a universal market, aiming to enhance lives and deliver astonishing experiences.
HP Mission Statement
The HP mission statement focuses on creating technology that improves lives globally, aiming for universal accessibility and impact.
Innovation Focus
HP's mission is deeply rooted in innovation, engineering experiences that amaze users with cutting-edge solutions.
Customer Centricity
The company's mission is customer-centric, striving to make life better for everyone, everywhere through technology.
Global Reach
HP's mission targets a global audience, ensuring its technological advancements benefit people across diverse regions.
Value Proposition
The unique value proposition is delivering technology that enriches lives and provides astonishing, impactful experiences.
Future-Oriented
HP's mission drives its future strategies, including significant investments in R&D and new product development.
HP's mission statement, 'We create technology that makes life better for everyone, everywhere. Our mission is to engineer experiences that amaze,' underscores a profound commitment to societal improvement through technology. This mission targets a universal market, aiming to enhance lives and deliver astonishing experiences. The unique value proposition lies in creating technology that truly improves lives and provides remarkable experiences. This customer-centric and innovation-focused approach is evident in HP's substantial investment of $1.4 billion in research and development in fiscal year 2024. This investment supports the creation of AI-powered PCs, sustainable printing solutions, and other cutting-edge products. The unveiling of over 80 new AI-powered products and services at HP Amplify 2025 further demonstrates their commitment to boosting productivity and enhancing employee well-being, directly aligning with their mission to improve lives through technology. For more on the company's journey, explore the Brief History of HP.
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Vision: What is HP Vision Statement?
HP's vision is 'to create experiences that amaze' by continuously reinventing its products, people, and business practices, aiming to change the world through innovation and a commitment to progress.
HP's vision statement emphasizes a continuous commitment to reinvention and a legacy of innovation. The company aims to 'change the world with our products, our people, and our business practices' and 'create experiences that amaze'. This vision is future-oriented, focusing on industry disruption through ongoing technological advancements and a broad global impact. It is aspirational yet appears realistic given HP's history of innovation and its current market position.
Reinvention Focus
HP's vision highlights reinvention as a core driver for growth and innovation, reflecting its historical Competitors Landscape of HP and future strategies.
Global Impact
The vision extends beyond products to encompass people and business practices, aiming for a comprehensive global influence.
Customer Experience
A central tenet is to 'create experiences that amaze', underscoring a strong focus on customer satisfaction and engagement.
Technological Advancement
The vision is deeply tied to leading technological advancements, such as the development of AI-powered devices.
Market Leadership
HP's vision supports its position as a leading personal computer vendor, maintaining relevance in a dynamic market.
Future of Work
The company's focus on transforming hybrid work aligns with its vision for the future of technology and business.
HP's vision for the future of technology is deeply rooted in its legacy of innovation, often referred to as the HP Way. This vision drives the company to continuously reinvent itself, ensuring its products and practices remain at the forefront of the industry. As of 2024, HP holds a significant market share, being the world's second-largest personal computer vendor by unit sales. This market position is reinforced by its strategic investments in emerging technologies, such as its AI PC portfolio launched in fiscal year 2024. These initiatives demonstrate HP's commitment to transforming hybrid work environments and meeting evolving customer needs, aligning directly with its vision to 'create experiences that amaze' and change the world through its offerings.
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Values: What is HP Core Values Statement?
HP's core values are fundamental to its corporate identity, guiding its strategic decisions and daily operations. These principles ensure the company maintains its commitment to innovation, customer satisfaction, and global responsibility. The four core values are customer loyalty, profit, growth, and market leadership.
Customer Loyalty
HP earns customer respect and loyalty by consistently providing the highest quality and value. This commitment is evident in offerings like the HP All-In Subscription Print Plan, designed to enhance user convenience and satisfaction.
Profit
HP strives for sustainable profitability to ensure long-term growth and stability. In fiscal year 2024, HP reported net revenue of $53.7 billion, demonstrating robust financial performance that supports ongoing investments in innovation.
Growth
HP is committed to expanding its market presence and product portfolio through continuous innovation and strategic initiatives. This includes a focus on higher-growth subsegments such as gaming computers and AI-enabled PCs, with AI PCs projected to represent approximately 25% of PC unit shipments by fiscal year 2025.
Market Leadership
HP aims to maintain and expand its leading position in the personal computing and printing markets. As of 2024, HP is the world's second-largest personal computer vendor and holds roughly a 40% share of units sold in the printer market.
These core values, including a strong commitment to employees and global citizenship, define HP's corporate culture. To understand how these principles shape the company's strategic direction, explore the Mission, Vision & Core Values of HP.
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How Mission & Vision Influence HP Business?
A company's mission and vision statements are the bedrock of its strategic decisions, providing a clear direction for growth and operations. These statements not only define purpose but also influence resource allocation and market positioning.
HP's Strategic Alignment with Mission and Vision
HP's mission and vision statements are deeply integrated into its business strategy, guiding critical decisions and investments.
- HP's mission to create technology that makes life better for everyone, everywhere fuels its focus on AI and hybrid work solutions.
- The company invested $1.4 billion in R&D in fiscal year 2024, prioritizing AI, hybrid work, and sustainable printing.
- This strategic direction led to the launch of over 80 new AI-powered products and services at HP Amplify 2025.
- HP's vision to be the world's most sustainable and just technology company drives its climate action and digital equity initiatives.
Driving Innovation Through Mission
HP's mission statement directly influences its innovation pipeline, particularly in areas like artificial intelligence and hybrid work technologies. The company's commitment to enhancing productivity and employee well-being is evident in its product development, as highlighted by CEO Enrique Lores' emphasis on the Workforce Experience Platform and the AI PC portfolio.
Sustainability as a Core Vision Component
The vision to be the most sustainable and just technology company shapes HP's operational and environmental strategies. This includes ambitious goals such as achieving net-zero greenhouse gas emissions by 2040 and using 100% recycled or renewable materials in product packaging by 2025.
Quantifiable Impact of Vision on Business
HP's sustainability vision translates into measurable business outcomes. By 2023, the company achieved a 27% reduction in greenhouse gas emissions from 2019 levels and incorporated over 1 billion pounds of recycled materials into its products and packaging since 2019.
Partner Engagement and Sustainability
HP's commitment to sustainability extends to its partner ecosystem. Over 50% of HP Amplify partners are enrolled in the HP Amplify Impact program, which has resulted in a 70% increase in win rates and a twofold increase in sustainable sales year-over-year.
Mission and Vision in Daily Operations
The company's guiding principles influence day-to-day operations by prioritizing innovation and sustainability in product design and supply chain management. This also guides long-term planning, including market expansion and addressing societal challenges.
Addressing the Digital Divide
Through initiatives like the Digital Equity Accelerator, HP's mission and vision are put into practice to address the digital divide, having reached over 45 million people since 2021. This demonstrates a commitment to making technology accessible and beneficial for all.
HP's mission and vision statements are pivotal in shaping its strategic decisions, driving innovation, and fostering a commitment to sustainability, influencing everything from R&D investments to partner engagement and societal impact. Continue reading to explore potential improvements to these foundational elements.
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What Are Mission & Vision Improvements?
HP's mission and vision statements, while foundational, can be enhanced to better reflect its current strategic direction and market positioning. A key improvement involves making the mission more specific about its technological focus, moving beyond general 'technology' to highlight areas of leadership.
Another significant enhancement would be to explicitly integrate 'AI-driven innovation' into the mission or vision, acknowledging the company's substantial investments and product launches in this area.
Specificity in Technological Focus
Refining the HP mission statement to explicitly mention key areas like personal systems, printing, and 3D printing, especially in the context of AI integration, would provide greater clarity on its core strengths.
Integration of AI-Driven Innovation
Incorporating 'AI-driven innovation' directly into the mission or vision would better capture the company's current trajectory, especially following the launch of over 80 new AI-powered products and services at HP Amplify 2025.
Emphasis on Responsible AI and Data Stewardship
Adapting the vision to explicitly address responsible AI development and data stewardship would align with growing global concerns and consumer expectations, resonating with the 76% of global leaders who believe AI will drive progress towards sustainability and social impact.
Alignment with Evolving Market Trends
By making these adjustments, HP can ensure its mission and vision statements more accurately reflect its commitment to innovation and its strategic direction, as detailed in the Growth Strategy of HP.
The HP mission statement, 'create technology that makes life better for everyone, everywhere,' is a broad declaration of intent. The HP vision statement focuses on a future where technology and life are more integrated. The HP core values are integrity, innovation, and inclusion. These principles guide the company's operations and strategic decisions, shaping its corporate culture and business philosophy.
Understanding HP's mission and vision statement is crucial for grasping the company's overall direction. The HP company's guiding principles and values, including a commitment to ethical business practices, are central to its long-term success and employee engagement. The HP mission statement for innovation drives its product development, while the HP vision statement for customer satisfaction aims to meet evolving user needs.
The HP core values in practice examples demonstrate how integrity, innovation, and inclusion are embedded in daily operations. The importance of HP's mission vision and values cannot be overstated; they form the bedrock of the HP company mission vision and values explained. This analytical approach to HP's mission vision and values analysis highlights the company's commitment to its mission vision and values.
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