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    A decade ago, Hewlett-Packard (HP) was a young tech giant with a strong market leadership position in the computer equipment industry. However, at the beginning of this decade, it faced significant market turmoil as technology and product innovations began to overwhelm the traditional computing equipment and the demand for digital devices began to decline. In 2005, HP made its first strategic mistake – it acquired Compaq, which was the fourth-largest computer equipment company. However, in 2015, HP

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    1. Business Background: HewlettPackard (HP) is one of the largest technology companies in the world with headquarters in Palo Alto, California. The company’s founding was in 1939 by Bill Hewlett and Dave Packard, two engineering students at the University of California, Berkeley. After Hewlett-Packard was established, they both worked together in their household garage. Their goal was to develop a compact and portable vacuum cleaner. This was the first product introduced by HP, and it was the beginning of

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    Hewlett-Packard Company is an American multinational computer technology corporation that is engaged in the design, development, manufacture, and sale of a variety of computer hardware and software products. Hewlett Packard was founded on February 17, 1939, in Silicon Valley by William S. Hewlett and David Packard, who worked out of Hewlett’s parents’ garage. Hewlett was an engineer, and Packard, a businessman. The company’s early development focused on building computer technology systems

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